Cheap Homes for Rent in Prestonwood Neighborhood of Dallas, TX from $800 (37 Rentals)

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

property at 12830 Midway Rd

12830 Midway Rd

DallasTX75244
property at 14277 Preston Rd

14277 Preston Rd

DallasTX75254
property at 4500 Sojourn Dr

4500 Sojourn Dr

AddisonTX75001
property at 12834 Midway Rd

12834 Midway Rd

DallasTX75244
property at 13211 Emily Rd

13211 Emily Rd

DallasTX75240
property at 5981 Arapaho Rd

5981 Arapaho Rd

DallasTX75248
property at 5055 Addison Cir

5055 Addison Cir

AddisonTX75001
property at 8545 Midpark Rd

8545 Midpark Rd

DallasTX75240
property at 5015 Meridian Ln

5015 Meridian Ln

AddisonTX75001
Showing Results 1-37, Page 1 of 1

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 Northwood Heights priced from $709. Junction at 7760 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Prestonwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Northwood HeightsA21BR,1BA$709
Junction at 7760A81BR,1BA$735
The Ridge on Spring ValleyS1UStudio,1BA$748
La Fortuna ApartmentsA1Studio,1BA$755
Rock CreekA21BR,1BA$767
The Park on PrestonA 11BR,1BA$772
Davenport ApartmentsPlan A21BR,1BA$772
The BryantA31BR,1BA$784
Windridge On The ParkwayA51BR,1BA$794
The Landing at McCallumA21BR,1BA$795

Best Value Apartments for Rent in Prestonwood, TX

As of November 17, 2025 the best value apartment in the Prestonwood area is the $1.26 price per square foot B1 Model at Tiburon in the in the Northwood Hills neighborhood starting from $1,474. The second greatest value Prestonwood apartment is the B2R Model at La Mirada starting at $1,419 with a $1.27 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 ListingModel NameBed/BathPrice Per Sq.Ft.
TiburonB12BR,2BA$1.26
La MiradaB2R2BR,2BA$1.27
Turnberry Isle Apartment HomesTwo Bedroom Two Bath B12BR,2BA$1.29
Huntington TownhomesHampton2BR,1.5BA$1.17
Hidden Bend TownhomesA1 WITH YARD1BR,1.5BA$1.33
LuminaB32BR,2BA$1.36
Bristol Apartment LivingA22BR,1BA$1.36
Tides at MidtownA31BR,1BA$1.27
VentanaA31BR,1BA$1.30
Davenport ApartmentsPlan A41BR,1BA$1.36

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Pet Friendly Lifestyle
Prestonwood, Dallas, TX

Ranked #15

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 216 Apartments for Rent in Prestonwood, TX with pricing that ranges from $675 to $17,680. There are also 226 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prestonwood ranging from $850 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 $850 to $45,000 with an average monthly rent of $4,089.

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 $1,550 to $17,680, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $3,483.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods in Dallas, TX article

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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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.