Cheap Homes for Rent in the Prestonwood Neighborhood of Dallas, TX from $800 (82 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prestonwood area of Dallas.

The Real Cost of Living in Dallas: Straight Talk From Your Local Expert

Planning a move to Dallas? Get the inside track on the true cost of living, from housing and electricity to commuting, from a 30-year local expert.

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property at 12816 Midway Rd

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199
Total Monthly Price
$1,199

1 Bedroom, 1 Bath Condo for Rent

Available Now

12816 Midway Rd, Unit 1067

12816 Midway Rd
DallasTX75244
property at 15926 Stillwood St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

15926 Stillwood St, Unit 2072

15926 Stillwood St
DallasTX75248

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 5981 Arapaho Rd

$1,000 - $1,800

1 To 2 Bedroom Rentals

Available Now

5981 Arapaho Rd

DallasTX75248

Beyond Big D: The Ultimate Renter's Guide to 5 Key Cities in the DFW Area

Your complete guide to renting in the DFW suburbs. Learn about 5 cities near Dallas—from the affordability of Duncanville to the upscale living of Southlake—to choose where to call home.

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The 4-Step Checklist for Moving to Dallas: A Local Expert's Guide to Utilities, Licenses, and Housing

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property at 14277 Preston Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Now

14277 Preston Rd, Unit 221

14277 Preston Rd
DallasTX75254
property at 5100 Verde Valley Ln

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 2 Bath Condo for Rent

Available Now

5100 Verde Valley Ln, Unit 189

5100 Verde Valley Ln
DallasTX75254
property at 12888 Montfort Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

12888 Montfort Dr, Unit 230

12888 Montfort Dr
DallasTX75230
property at 16301 Ledgemont Ln

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

16301 Ledgemont Ln, Unit 283

16301 Ledgemont Ln
AddisonTX75001

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Prestonwood, Dallas, TX Local Guide

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 Meadowcrest Apartments priced from $740. Davenport Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $787. Here are the most affordable Prestonwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Meadowcrest ApartmentsA11BR,1BA$740
Davenport ApartmentsA31BR,1BA$787
The Landing at McCallumA11BR,1BA$795
AVIA Apartments On AlphaThe Brookhaven INCOME-RESTRICTED1BR,1BA$799
PalenciaE2Studio,1BA$799
The Jasmine ApartmentsA31BR,1BA$800
Junction at 7760S1Studio,1BA$800
Lexington Apartment HomesA21BR,1BA$806
Century ParkEFF1BR,1BA$829

Best Value Apartments for Rent in Prestonwood, TX

As of July 25, 2026 the best value apartment in the Prestonwood area is the $0.47 price per square foot 1200 Plaza Way Model at 1200 Plaza Way, Unit 1200 Plaza in the in the Richardson neighborhood starting from $795. The second greatest value Prestonwood apartment is the 15825 El Estado Dr Model at 15825 El Estado Dr, Unit 15825 El Estado Drive starting at $2,000 with a $1.33 price per square foot in the Northwood Hills neighborhood. Here is today’s list of the best values for Prestonwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1200 Plaza Way, Unit 1200 Plaza1200 Plaza Way1BR,1.5BA$0.47
15825 El Estado Dr, Unit 15825 El Estado Drive15825 El Estado Dr3BR,2BA$1.33
The Entro At MidtownC32BR,2BA$1.31
Hidden Bend TownhomesB2 WITH YARD2BR,2.5BA$1.35
Noel on the ParkwayB12BR,2BA$1.23
The Citadel2 Bedroom 2 Bath2BR,2BA$1.35
La MiradaB1R2BR,2BA$1.30
Amber Dawn ApartmentsRadiance II2BR,2BA$1.19
Huntington TownhomesHeritage1BR,1.5BA$1.26
SUMMIT PARQUE, LLCA11BR,1BA$1.18

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Prestonwood, Dallas, TX

Ranked #13

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Prestonwood, Dallas, TX

School data provided by Great Schools

Frequently Asked Questions about Prestonwood

What type of rentals are currently available in Prestonwood?

There are currently 215 Apartments for Rent in Prestonwood, TX with pricing that ranges from $721 to $25,638. There are also 242 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prestonwood ranging from $830 to $45,000.

What is the current price range for Rental Homes in Prestonwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prestonwood ranges from $830 to $45,000 with an average monthly rent of $5,178.

How much are larger Three and Four Bedroom Rentals in Prestonwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prestonwood range from $1,574 to $24,418, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $16,000. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $10,000.

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.

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