Cheap Apartments for Rent in the Santa Monica Neighborhood of Dallas, TX from $500 (202 Rentals)

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

property at 3221 Elihu St

$795 - $1,195

1 To 2 Bedroom Rentals

Available Now

3221 Elihu St

DallasTX75210

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 615 Parkview Ave

$895 - $1,550

1 To 2 Bedroom Rentals

Available May 25

615 Parkview Ave

DallasTX75223

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 5305 Reiger Ave

$1,000 - $1,200

Studio To 1 Bedroom Rentals

Available Now

5305 Reiger Ave

DallasTX75214

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

Your ultimate DFW Moving Guide: From finding the perfect Dallas neighborhood (Downtown, Oak Lawn, Casa View) to setting up utilities.

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property at 5917 Gaston Ave

$1,225 - $1,425

1 To 2 Bedroom Rentals

Available Now

5917 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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Showing Results 1-50, Page 1 of 5

Santa Monica, Dallas, TX Local Guide

Cheapest Available Santa Monica Apartments for Rent

 

The cheapest available apartment rental in the Santa Monica area of Dallas, TX is a Studio unit found at Prairie House priced from $599. Eban Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $743. Here are the most affordable Santa Monica apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Prairie HouseEvaStudio,1BA$599
Eban Village2X1B602BR,1BA$743
Magnolia Place1bed 1bath1BR,1BA$795
Columbia OaksA11BR,1BA$825
Reiger Park Apartments1BR/1.0BA1BR,1BA$885
Junius Place ApartmentsA11BR,1BA$895
The FinleyA11BR,1BA$899
Maya at White Rock Apartments1 Bed 1 Bath1BR,1BA$899
Munger PlacePearl1BR,1BA$900
Nuvo LunaClassic 1x11BR,1BA$900

Best Value Apartments for Rent in Santa Monica, TX

As of April 13, 2026 the best value apartment in the Santa Monica area is the $1.23 price per square foot 2x1 Model at Greystone in the in the East Dallas neighborhood starting from $1,599. The second greatest value Santa Monica apartment is the B1 2x2 Model at Villa Rosita Apartments starting at $1,400 with a $1.44 price per square foot in the East Dallas neighborhood. Here is today’s list of the best values for Santa Monica apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Greystone2x12BR,1BA$1.23
Villa Rosita ApartmentsB1 2x22BR,2BA$1.44
San BenitoB12BR,1BA$1.22
Legacy Lofts1x11BR,1BA$1.27
Columbia OaksA11BR,1BA$1.21
Magnolia Place1bed 1bath1BR,1BA$1.17
Reiger Park Apartments1BR/1.0BA1BR,1BA$1.31
Munger PlacePearl1BR,1BA$1.38
Nuvo LunaClassic 1x11BR,1BA$1.45
Prairie HouseEvaStudio ,1BA$1.20

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Santa Monica, Dallas, TX

Ranked #61

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
Santa Monica, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Texas and customized analysis for Dallas, Texas. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Santa Monica Apartments

What is a cheap apartment in Santa Monica?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Santa Monica is under $900.

What is the price of a cheap apartment in Santa Monica?

The cheapest apartment in Santa Monica is Eban Village which is listed at $743, while the average apartment in Santa Monica costs $7,184.

What types of apartments are the cheapest in Santa Monica?

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 124 regular apartments in Santa Monica 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 Santa Monica?

Cheap apartments in Santa Monica have an average cost of $894 which is $6,290 cheaper than the average rent for all rentals in Santa Monica.

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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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.