Cheap Apartments for Rent in the University Terrace Neighborhood of Dallas, TX from $400 (51 Rentals)

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

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 401 N Carroll Ave

$1,100 - $1,999

Studio To 1 Bedroom Rentals

Available Now

401 N Carroll Ave

DallasTX75246

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 8510 Park Ln

$1,195 - $1,325

1 Bedroom Rentals

Available Now

8510 Park Ln

DallasTX75231
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North Park Terrace
Studio to 2 Bedroom Apartments

North Park Terrace

8662 Park LnDallas, TX 75231
  • Utilities Included

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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Park Towne Villas
1 to 2 Bedroom Apartments

Park Towne Villas

7117 Holly Hill DrDallas, TX 75231
Senior Living
  • Utilities Included
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Princeton Court
1 to 2 Bedroom Apartments

Princeton Court

6121 Melody LnDallas, TX 75231
Corporate Housing
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Haven Apartments
Studio to 2 Bedroom Apartments

Haven Apartments

5827 Blackwell StDallas, TX 75231
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Urbano at Midtown
1 to 2 Bedroom Apartments

Urbano at Midtown

6810 Shadybrook LnDallas, TX 75231
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Echo @ Midtown
1 to 2 Bedroom Apartments

Echo @ Midtown

7131 Holly Hill DrDallas, TX 75231
  • Utilities Included
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6050 Melody Ln
Studio to 2 Bedroom Apartments

6050 Melody Ln

6050 Melody LnDallas, TX 75231

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.

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Cambridge Court
Studio to 2 Bedroom Apartments

Cambridge Court

5959 E Northwest HwyDallas, TX 75231
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Ascent at Midtown
1 to 2 Bedroom Apartments

Ascent at Midtown

6431 Ridgecrest RdDallas, TX 75231
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Woodglen - Dallas
1 to 2 Bedroom Apartments

Woodglen - Dallas

6161 Pineland DrDallas, TX 75231
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The Pointe Apartments
1 to 2 Bedroom Apartments

The Pointe Apartments

6514 Ridgecrest RdDallas, TX 75231
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Veranda
Studio to 2 Bedroom Apartments

Veranda

6517 Melody LnDallas, TX 75231
  • Utilities Included

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.

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University Terrace, Dallas, TX Local Guide

Cheapest Available University Terrace Apartments for Rent

 

The cheapest available apartment rental in the University Terrace area of Dallas, TX is a Studio unit found at Cityscape priced from $699. Tides on Park Lane has the second lowest priced unit, which is a Studio apartment currently listed from $702. Here are the most affordable University Terrace apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
CityscapeUptown - StudioStudio,1BA$699
Tides on Park LaneS1Studio,1BA$702
Tribeca on the CreekS1Studio,1BA$705
Princeton Court1 Bedroom, 1 Bath1BR,1BA$715
Harvard Square1 Bedroom, 1 Bath1BR,1BA$720
The Biltmore1 Bedroom, 1 Bath A1BR,1BA$730
Santa Fe Trails ApartmentsA21BR,1BA$769
Wildflower ApartmentsTexas Bluebonnet1BR,1BA$775
Turtle Dove 1S4 - 0 Bedroom 1 BathroomStudio,1BA$829
Cross Creek ApartmentsA11BR,1BA$840

Best Value Apartments for Rent in University Terrace, TX

As of January 07, 2026 the best value apartment in the University Terrace area is the $1.55 price per square foot C2 Model at Paxton at Lake Highlands in the in the East Dallas neighborhood starting from $1,734. The second greatest value University Terrace apartment is the B2 Model at The Pearl at Midtown starting at $1,295 with a $1.25 price per square foot in the East Dallas neighborhood. Here is today’s list of the best values for University Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paxton at Lake HighlandsC23BR,2BA$1.55
The Pearl at MidtownB22BR,2BA$1.25
The Sutton on Park LaneB12BR,1BA$1.31
The Trellis at Lake Highlands2 Bedroom 1 Bath B12BR,1BA$1.30
The Biltmore1 Bedroom, 1 Bath1BR,1BA$1.38
Santa Fe Trails ApartmentsA11BR,1BA$1.46
Wildflower ApartmentsTexas Bluebonnet1BR,1BA$1.53
Harvard Square1 Bedroom, 1 Bath1BR,1BA$1.44
Princeton Court1 Bedroom, 1 Bath1BR,1BA$1.51
Tribeca on the CreekS1Studio ,1BA$1.58

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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Best Local Schools in
University Terrace, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Texas, including 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 convenient access to the outdoors, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap University Terrace Apartments

What is a cheap apartment in University Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Terrace is under $840.

What is the price of a cheap apartment in University Terrace?

The cheapest apartment in University Terrace is Princeton Court which is listed at $715, while the average apartment in University Terrace costs $2,365.

What types of apartments are the cheapest in University Terrace?

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 112 regular apartments in University Terrace 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 University Terrace?

Cheap apartments in University Terrace have an average cost of $514 which is $1,851 cheaper than the average rent for all rentals in University Terrace.

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

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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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.

decorative image for The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers article

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.

decorative image for An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years article

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!