
Cheap Apartments for Rent in the Prestonwood Neighborhood of Dallas, TX from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prestonwood area of Dallas.


Century Park

MAA Highlands North

AVIA Apartments On Alpha

McCallum Highlands

Total Monthly Price
Meadowcrest Apartments

Noel on the Parkway

Rock Creek

Enclave at Prestonwood

Northwood Heights Apartments
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.

Total Monthly Price
Lexington Apartment Homes

Verlaine on the Parkway

Windridge On The Parkway

Preston Pointe

London Park

Prestonwood Trails

Total Monthly Price
Tiburon

Ventana

Total Monthly Price
Evaline Apartments

Preston Valley
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.

NEO at Midtown

Preston Oaks

Total Monthly Price
The Lana

Watersong Villas Apartments

The Saxony Apartments

TRELLIS NORTH DALLAS Apartments

The Courts at Preston Oaks

Morrison

Northwood Hills Apartments

Preston Creek
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.

Total Monthly Price
VV&M Apartments

Kensington Square Apartments

Cypress Creek Montfort Drive

Fairways at Prestonwood

City North

Spring Creek Apartments

Berkshire Amber

Villas of Bent Trails

Alena Apartments

Berry Trail
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.

Adair Off Addison

Prestonwood Hillcrest Apartments

River Park

Creekview Apartments

Vue at Knoll Trail Apartments

Covington Pointe Apartments

Bent Oaks Apartments

Broadstone 5151

Preston Del Norte I

Berkshire Square
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.
Prestonwood, Dallas, TX Local Guide

How much does it cost to rent an apartment in Prestonwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prestonwood Studio Apartments | $1,329 | $750 | $3,826 |
| Prestonwood 1 Bedroom Apartments | $1,333 | $735 | $4,476 |
| Prestonwood 2 Bedroom Apartments | $1,786 | $643 | $9,363 |
| Prestonwood 3 Bedroom Apartments | $2,324 | $1,539 | $10,000+ |
| Prestonwood 4 Bedroom Apartments | $8,299 | $5,701 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the Prestonwood Neighborhood of Dallas, TX.
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Prestonwood, Dallas, TX Local Guide
- Nearby Dallas neighborhoods
- Nearby Cities
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Cheapest Available Prestonwood Apartments for Rent
 The cheapest available apartment rental in the Prestonwood area of Dallas, TX is a 1 Bed unit found at Davenport Apartments priced from $781. Century Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Prestonwood apartments for rent in Dallas, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Davenport Apartments | Plan A3 | 1BR,1BA | $781 |
| Century Park | EFF | 1BR,1BA | $799 |
| MAA Highlands North | The Refuge | 1BR,1BA | $847 |
| Alena Apartments | S0 | 1BR,1BA | $848 |
| AVIA Apartments On Alpha | One Bedroom x One Bathroom | 1BR,1BA | $849 |
| Meadowcrest Apartments | A1 | 1BR,1BA | $860 |
| Noel on the Parkway | A2 | 1BR,1BA | $879 |
| Rock Creek | A2 | 1BR,1BA | $880 |
| Enclave at Prestonwood | A2 | 1BR,1BA | $881 |
| Northwood Heights Apartments | A1 | 1BR,1BA | $896 |
Best Value Apartments for Rent in Prestonwood, TX
As of February 21, 2026 the best value apartment in the Prestonwood area is the $1.32 price per square foot C2THR Model at La Mirada in the in the Preston Hollow neighborhood starting from $1,979. The second greatest value Prestonwood apartment is the Hartford Model at Huntington Townhomes starting at $1,485 with a $1.14 price per square foot in the Preston Hollow neighborhood. Here is today’s list of the best values for Prestonwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| La Mirada | C2THR | 3BR,2BA | $1.32 |
| Huntington Townhomes | Hartford | 3BR,1.5BA | $1.14 |
| Tiburon | B1 | 2BR,2BA | $1.28 |
| Hidden Bend Townhomes | B1 WITH YARD | 2BR,1.5BA | $1.36 |
| Amber Dawn Apartments | Radiance I | 2BR,2BA | $1.19 |
| Preston Park | 2 Bedroom, 2 Bath A | 2BR,2BA | $1.41 |
| SUMMIT PARQUE, LLC | A1 | 1BR,1BA | $1.41 |
| London Park | 1-1 FLAT | 1BR,1BA | $1.42 |
| Noel on the Parkway | A2 | 1BR,1BA | $1.30 |
| Oak Hollow Communities | phase 1 | 1BR,1BA | $1.42 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleTop 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
Read ArticleQuick 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.
Pet Friendly LifestylePrestonwood, Dallas, TX
Ranked #15
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Prestonwood, Dallas, TX
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Northern Dallas. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Prestonwood Apartments
What is a cheap apartment in Prestonwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prestonwood is under $896.
What is the price of a cheap apartment in Prestonwood?
The cheapest apartment in Prestonwood is Davenport Apartments which is listed at $781, while the average apartment in Prestonwood costs $8,640.
What types of apartments are the cheapest in Prestonwood?
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 296 regular apartments in Prestonwood 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 Prestonwood?
Cheap apartments in Prestonwood have an average cost of $208 which is $8,432 cheaper than the average rent for all rentals in Prestonwood.
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

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.

Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX
Written by: Tiffany Clark
According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers
Written by: Tiffany Clark
Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.