Cheap Apartments for Rent in the University Terrace Neighborhood of Dallas, TX from $400 (61 Rentals)

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

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 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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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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property at 8510 Park Ln

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Park Towne Villas
1 Bedroom Apartments

Park Towne Villas

7117 Holly Hill DrDallas, TX 75231
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Harvard Square
1 to 2 Bedroom Apartments

Harvard Square

6050 Ridgecrest RdDallas, TX 75231
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Haven Apartments
Studio to 1 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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Princeton Court
1 to 2 Bedroom Apartments

Princeton Court

6121 Melody LnDallas, TX 75231
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Echo @ Midtown
1 to 2 Bedroom Apartments

Echo @ Midtown

7131 Holly Hill DrDallas, TX 75231
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6050 Melody Ln
1 to 2 Bedroom Apartments

6050 Melody Ln

6050 Melody LnDallas, TX 75231
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Three Fountains Apartments
Studio to 2 Bedroom Apartments

Three Fountains Apartments

6011 Melody LnDallas, TX 75231
Senior Living
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University Terrace - One of the Best Affordable Neighborhoods in Dallas

Named as one of the Best Affordable Neighborhoods to rent in Dallas, TX by our Dallas, TX Local Expert Tiffany Clark. See how it ranks!

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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 Tribeca on the Creek priced from $695. Harvard Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here are the most affordable University Terrace apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Tribeca on the CreekS1Studio,1BA$695
Harvard Square1 Bedroom, 1 Bath1BR,1BA$720
LaVita on Lovers LanePlacidoStudio,1BA$725
The Pearl at MidtownE1AStudio,1BA$729
Tides on Park LaneS1Studio,1BA$734
Wildflower ApartmentsTexas Bluebonnet1BR,1BA$745
Princeton Court1 Bedroom, 1 Bath1BR,1BA$750
Villas del SolamarE3Studio,1BA$760
The Biltmore1 Bedroom, 1 Bath1BR,1BA$790
Ascent at MidtownOne Bedroom, One Bathroom, 520 SQFT1BR,1BA$795

Best Value Apartments for Rent in University Terrace, TX

As of June 17, 2025 the best value apartment in the University Terrace area is the $1.13 price per square foot B1 Model at Tealwood Apartment Homes in the in the East Dallas neighborhood starting from $1,052. The second greatest value University Terrace apartment is the B1 Model at The Sutton on Park Lane starting at $1,197 with a $1.34 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.
Tealwood Apartment HomesB12BR,2BA$1.13
The Sutton on Park LaneB12BR,1BA$1.34
The Trellis at Lake Highlands2 Bedroom 1 Bath B12BR,1BA$1.51
Courtyard CondosA11BR,1BA$1.66
The Biltmore1 Bedroom, 1 Bath A1BR,1BA$1.47
Santa Fe Trails ApartmentsA21BR,1BA$1.55
Wildflower ApartmentsTexas Bluebonnet1BR,1BA$1.47
Harvard Square1 Bedroom, 1 Bath1BR,1BA$1.44
Princeton Court1 Bedroom, 1 Bath1BR,1BA$1.59
Tribeca on the CreekS1Studio ,1BA$1.56

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
University Terrace, Dallas, TX

Ranked #57

Among neighborhoods in Dallas, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 the Cheapest Studio apartment in University Terrace?

Currently the most affordable Cheap Studio Apartment in University Terrace is at Tribeca on the Creek listed at $695.

How much is rent for a Cheap One Bedroom University Terrace Apartment?

The lowest price for a Cheap One Bedroom University Terrace Apartment is $720 at Harvard Square.

What is the lowest price for a Cheap Two Bedroom University Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Terrace is starting from $970 at Wildflower Apartments.

What is the most affordable University Terrace Three Bedroom Apartment?

The best deal on a cheap University Terrace Three Bedroom Apartment rental is at Park Lane Terrace and starts from $1,650.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.