Cheap Homes for Rent in Grand Peninsula Neighborhood of Grand Prairie, TX from $500 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in the Grand Peninsula area of Grand Prairie.

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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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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Grand Peninsula, Grand Prairie, TX Local Guide

Cheapest Available Grand Peninsula Apartments for Rent

 

The cheapest available apartment rental in the Grand Peninsula area of Dallas, TX is a 1 Bed unit found at Harmony priced from $729. The Sherry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Grand Peninsula apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
HarmonyA11BR,1BA$729
The Sherry Apartments1x11BR,1BA$799
Ronan Apartment HomesA21BR,1BA$873
Clayton Pointe1 Bedroom 1 Bathroom - A11BR,1BA$889
AutumnwoodCypress1BR,1BA$914

Best Value Apartments for Rent in Grand Peninsula, TX

As of January 08, 2026 the best value apartment in the Grand Peninsula area is the $1.56 price per square foot C2TH Model at Arioso Apartments & Townhomes in the in the East Arlington neighborhood starting from $2,445. The second greatest value Grand Peninsula apartment is the C1 Model at Heather Glen Townhomes Phase II starting at $1,590 with a $1.46 price per square foot in the East Arlington neighborhood. Here is today’s list of the best values for Grand Peninsula apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arioso Apartments & TownhomesC2TH3BR,2.5BA$1.56
Heather Glen Townhomes Phase IIC13BR,2BA$1.46
Mission Mayfield DownsB12BR,2BA$1.52
Tree Top Apartments1 Bed x 1 Bath1BR,1BA$1.44
Elliot WindsprintA11BR,1BA$1.49
The Park on ForumA11BR,1BA$1.47
La Vida Park1 Bedroom, 1 Bathroom, 648 SQFT1BR,1BA$1.43
Park Row Apartments1x11BR,1BA$1.54
The Sherry Apartments1x11BR,1BA$1.36
HarmonyA11BR,1BA$1.41

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

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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
Grand Peninsula, Grand Prairie, TX

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Frequently Asked Questions about Grand Peninsula

What type of rentals are currently available in Grand Peninsula?

There are currently 82 Apartments for Rent in Grand Peninsula, TX with pricing that ranges from $889 to $5,931. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Peninsula ranging from $550 to $5,000.

What is the current price range for Rental Homes in Grand Peninsula?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Peninsula ranges from $550 to $5,000 with an average monthly rent of $2,237.

How much are larger Three and Four Bedroom Rentals in Grand Peninsula?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grand Peninsula range from $1,390 to $2,885, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,149. Four Bedroom Single-Family rentals are also available starting from $1,985 and Four Bedroom Apartments start at $2,695.

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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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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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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Articles, How-To's, and Tips

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

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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

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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!