Cheap Apartments for Rent in the Santa Monica Neighborhood of Dallas, TX from $500 (171 Rentals)

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

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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The Eagle at Lakewood
Rent Specials
$919 - $1,978
Total Monthly Price

Total Monthly Price

Base Rent
$919 - $1,978
Total Monthly Price
$919 - $1,978
1 to 3 Bedroom Apartments Available Now

The Eagle at Lakewood

7150 E Grand AveDallas, TX 75223
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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 5917 Gaston Ave

$1,195 - $1,425

1 To 2 Bedroom Rentals

Available Now

5917 Gaston Ave

DallasTX75214

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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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 5208 East Side Ave

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525
Total Monthly Price
$1,525

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5208 East Side Ave

DallasTX75214
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5204 Junius St
$1,555 - $1,655
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $1,655
Total Monthly Price
$1,555 - $1,655
1 Bedroom Apartments Available Now

5204 Junius St

5204 Junius StDallas, TX 75214
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
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Prairie House
Studio to 2 Bedroom Apartments

Prairie House

5324 Eastside AveDallas, TX 75214
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La Fina Apartments
1 to 2 Bedroom Apartments

La Fina Apartments

5526 Reiger AveDallas, TX 75214
  • Utilities Included

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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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 2 Beds unit found at Eban Village priced from $743. Magnolia Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Santa Monica apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Eban Village2X1B602BR,1BA$743
Magnolia PlaceA11BR,1BA$795
Gaston CornersS11BR,1BA$800
Columbia OaksA11BR,1BA$825
The FinleyA11BR,1BA$849
Sykes Squared ReigerA11BR,1BA$895
The Colton2 Beds, 1 bath2BR,1BA$900
The Gaston LoftsA11BR,1BA$900
Nuvo LunaClassic 1x11BR,1BA$900
Munger PlacePearl1BR,1BA$900

Best Value Apartments for Rent in Santa Monica, TX

As of May 28, 2026 the best value apartment in the Santa Monica area is the $1.45 price per square foot Chardonnay Model at Veranda Flats in the in the East Dallas neighborhood starting from $1,595. 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.
Veranda FlatsChardonnay2BR,2BA$1.45
Villa Rosita ApartmentsB1 2x22BR,2BA$1.44
The Eagle at LakewoodB22BR,2BA$1.37
Reiger Park Apartments2BR/1.0BA2BR,1BA$1.44
The PlazaLongwood1BR,1BA$1.27
Columbia OaksA11BR,1BA$1.21
Magnolia PlaceA11BR,1BA$1.17
Sykes Squared ReigerA11BR,1BA$1.38
Munger PlacePearl1BR,1BA$1.38
Nuvo LunaClassic 1x11BR,1BA$1.45

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
Santa Monica, Dallas, TX

Ranked #75

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 $16,183.

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 99 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 $803 which is $15,380 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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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.

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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.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.