Cheap Apartments for Rent in Elmo, TX from $400 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elmo.

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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Rylan at Gateway
Rent Specials
$1,128 - $2,352
Total Monthly Price

Total Monthly Price

Base Rent
$1,128 - $2,352
Total Monthly Price
$1,128 - $2,352
Studio to 2 Bedroom Apartments Available Now

Rylan at Gateway

1205 N Gateway BlvdForney, TX 75126
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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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Mission Rockwall
Rent Specials
$1,197 - $2,137
Total Monthly Price

Total Monthly Price

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$1,197 - $2,137
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Mission Rockwall

923 Yellow Jacket LnRockwall, TX 75087
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Aspen at Gateway
Rent Specials
$1,266 - $2,579
Total Monthly Price

Total Monthly Price

Base Rent
$1,266 - $2,579
Total Monthly Price
$1,266 - $2,579
1 to 3 Bedroom Apartments Available Now

Aspen at Gateway

1300 Gateway BlvdForney, TX 75126
Affordability
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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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Corban Discovery
Rent Specials
$1,325 - $2,898
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$1,325 - $2,898
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1 to 3 Bedroom Apartments Available Now

Corban Discovery

2350 Discovery BlvdRockwall, TX 75032
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Luxia Rockwall Downes
Rent Specials
$1,390 - $4,704
Total Monthly Price

Total Monthly Price

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$1,390 - $4,704
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1 to 3 Bedroom Apartments Available Now

Luxia Rockwall Downes

2300 Discovery BlvdRockwall, TX 75032
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Silver Spring Forney
1 to 2 Bedroom Apartments

Silver Spring Forney

1000 Reeder LnForney, TX 75126
Senior Living

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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Meadowview Townhomes
1 to 3 Bedroom Apartments

Meadowview Townhomes

151 Meadowview CtTerrell, TX 75160
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Adelaide
1 to 4 Bedroom Apartments

Adelaide

1300 S Adelaide StTerrell, TX 75160
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Marquis Rockwall
Studio to 2 Bedroom Apartments

Marquis Rockwall

1470 S John King BlvdRockwall, TX 75032
Senior Living
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The Park
1 to 2 Bedroom Apartments

The Park

112 Greenhill LnFate, TX 75132

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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Showing Results 1-43, Page 1 of 1

Elmo, TX Local Guide

Cheapest Available Elmo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elmo, TX is a 1 Bed unit found at The Oaks Apartments priced from $825. Bridgewood Ranch has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,028. Here is today’s list of the most affordable Elmo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Oaks ApartmentsOne Bedroom1BR,1BA$825
Bridgewood RanchA1A1BR,1BA$1,028
Gateway PinesEStudio,1BA$1,054
Eastbank ApartmentsE11BR,1BA$1,054
Florence at the HarborShorelineStudio,1BA$1,085
WilderA1 Renovated1BR,1BA$1,090
Rylan at GatewayE1Studio,1BA$1,128
Tiffany Square2 Bedroom 2 Bath2BR,2BA$1,150
Heather Lane2 Bedroom 2 Bath2BR,2BA$1,150
Parc at Windmill FarmsA21BR,1BA$1,164

Best Value Apartments for Rent in Elmo, TX and Nearby

As of April 30, 2026 the best value apartment in the Elmo area is the $1.02 price per square foot Buffalo Model at The Residences at Hudson Hollow in the in the Travis Ranch neighborhood starting from $2,030. The second greatest value Elmo apartment is the 2 Bedroom 2 Bath Model at Heather Lane starting at $1,150 with a $1.05 price per square foot in the Downtown Terrell neighborhood. Here is today’s list of the best values for Elmo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Residences at Hudson HollowBuffalo4BR,2.5BA$1.02
Heather Lane2 Bedroom 2 Bath2BR,2BA$1.05
Tiffany Square2 Bedroom 2 Bath2BR,2BA$1.05
Parc at Windmill FarmsB12BR,2BA$1.63
The Royse at Parker Boulevard ApartmentsTwo Bedroom - Trinity2BR,2BA$1.67
Gateway Oaks ApartmentsA21BR,1BA$1.57
JAMESONA21BR,1BA$1.54
Mission RockwallA21BR,1BA$1.76
The Emerson at Forney MarketplaceA21BR,1BA$1.79
The Oaks ApartmentsOne Bedroom1BR,1BA$1.11

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elmo, TX Rentals by Map

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See the most popular apartments and homes in Elmo, TX

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Frequently Asked Questions about Cheap Elmo Apartments

What is the Cheapest Studio apartment in Elmo?

Currently the most affordable Cheap Studio Apartment in Elmo is at Gateway Pines listed at $1,054.

How much is rent for a Cheap One Bedroom Elmo Apartment?

The lowest price for a Cheap One Bedroom Elmo Apartment is $825 at The Oaks Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elmo is starting from $1,150 at Heather Lane.

What is the most affordable Elmo Three Bedroom Apartment?

The best deal on a cheap Elmo Three Bedroom Apartment rental is at Heather Lane and starts from $1,250.

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.

Articles, How-To's, and Tips

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

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.