Cheap Apartments for Rent in the Lakewood Neighborhood of Dallas, TX from $500 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood area of Dallas.

property at 811 Skillman St

$995 - $1,095

1 To 2 Bedroom Rentals

Available Now

811 Skillman St

DallasTX75214

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 401 N Carroll Ave

$1,100 - $1,999

Studio To 1 Bedroom Rentals

Available Now

401 N Carroll Ave

DallasTX75246

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 5909 Gaston Ave

$1,200 - $1,395

1 To 2 Bedroom Rentals

Available Now

5909 Gaston Ave

DallasTX75214

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

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property at 2175 Tucker St

$1,401 - $2,111

1 To 2 Bedroom Rentals

Available Now

2175 Tucker St

DallasTX75214

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Casa Blanca
1 to 2 Bedroom Apartments

Casa Blanca

2165 Highland RdDallas, TX 75228
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Gaston Flats
Studio to 2 Bedroom Apartments

Gaston Flats

5425 Gaston AveDallas, TX 75214
  • Utilities Included
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San Mateo Forest
Studio to 3 Bedroom Apartments

San Mateo Forest

7110 San Mateo BlvdDallas, TX 75223
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BARCELONA
Studio to 1 Bedroom Apartments

BARCELONA

5820 Reiger AveDallas, TX 75214
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GREENHOUSE VILLA
Studio to 2 Bedroom Apartments

GREENHOUSE VILLA

5310 Gaston AveDallas, TX 75214
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Estancia Estates
1 to 3 Bedroom Apartments

Estancia Estates

2222 Graycliff DrDallas, TX 75228

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Lakewood, Dallas, TX Local Guide

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of Dallas, TX is a 1 Bed unit found at 5330 Junius priced from $945. Halston has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Lakewood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
5330 JuniusA11BR,1BA$945
HalstonA11BR,1BA$975
Carriage HouseA01BR,1BA$995
5317 Junius St1BR/1.0BA1BR,1BA$999
Tenison at White RockA11BR,1BA$999
Bluffs at LakewoodA11BR,1BA$1,009
The Eagle at LakewoodA21BR,1BA$1,035
Trails of White RockA21BR,1BA$1,065
Lakewood on the TrailA21BR,1BA$1,075
San BenitoB12BR,1BA$1,095

Best Value Apartments for Rent in Lakewood, TX

As of January 06, 2026 the best value apartment in the Lakewood area is the $1.28 price per square foot B6 Model at Villas del Tesoro in the in the East Dallas neighborhood starting from $1,380. The second greatest value Lakewood apartment is the B2-60% Model at The Mondello starting at $1,507 with a $1.53 price per square foot in the East Dallas neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas del TesoroB62BR,1.5BA$1.28
The MondelloB2-60%2BR,2BA$1.53
HalstonB12BR,2BA$1.49
StardustB12BR,1BA$1.72
London2x12BR,1BA$1.72
San BenitoB12BR,1BA$1.22
Gaston Corners2 Beds, 2 Baths2BR,2BA$1.53
5330 JuniusA11BR,1BA$1.35
Trails of White RockA21BR,1BA$1.61
5317 Junius St1BR/1.0BA1BR,1BA$1.54

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Lakewood, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Dallas. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lakewood Apartments

What is a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,095.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is 5330 Junius which is listed at $945, while the average apartment in Lakewood costs $3,740.

What types of apartments are the cheapest in Lakewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 73 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakewood?

Cheap apartments in Lakewood have an average cost of $402 which is $3,338 cheaper than the average rent for all rentals in Lakewood.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Dallas, TX

Written by: Tiffany Clark

Dallas is a vibrant, dynamic city that offers no shortage of opportunities and a high quality of living for young professionals, families, and retirees.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

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According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

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Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

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My ancestors on both sides were some of the earliest Texas settlers, and I have that big Texas pride that we Texans are famous for. While I've lived in other places, Texas always has been and always will be home.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!