Cheap Homes for Rent in Grand Peninsula Neighborhood of Grand Prairie, TX from $1,300 (35 Rentals)

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

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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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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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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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 Park at Timberlake priced from $699. Harmony has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here are the most affordable Grand Peninsula apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Park at TimberlakeA21BR,1BA$699
HarmonyA11BR,1BA$729
Mercer Park1 bed 1 Bath1BR,1BA$849
Ashton ParkThe Ash1BR,1BA$899
Clayton Pointe1 Bedroom 1 Bathroom - A11BR,1BA$899
Elliot WindsprintA11BR,1BA$905
Williamsburg ApartmentsOne Bedroom1BR,1BA$950
Running Brook ApartmentsEfficiencyStudio,1BA$975
The Reid ApartmentsA1 Renovated1BR,1BA$1,030
Regency ApartmentsA41BR,1BA$1,050

Best Value Apartments for Rent in Grand Peninsula, TX

As of June 04, 2026 the best value apartment in the Grand Peninsula area is the $1.48 price per square foot HUDSON Model at Tribeca Townhomes in the in the Brookfield North neighborhood starting from $3,000. The second greatest value Grand Peninsula apartment is the B5 Model at Elliot Windsprint starting at $1,374 with a $1.24 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.
Tribeca TownhomesHUDSON3BR,3BA$1.48
Elliot WindsprintB52BR,2BA$1.24
Indigo PointeB12BR,2BA$1.39
Heather Glen Townhomes Phase IIB12BR,2BA$1.55
Marabella on PioneerB32BR,2BA$1.54
Park Row2 Bedroom, 1 Bathroom2BR,1BA$1.34
Tree Top Apartments1 Bed x 1 Bath1BR,1BA$1.44
Regency ApartmentsA41BR,1BA$1.39
Ashton ParkThe Ash1BR,1BA$1.28
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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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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Best Local Schools in
Grand Peninsula, Grand Prairie, TX

School data provided by Great Schools

Frequently Asked Questions about Grand Peninsula

What type of rentals are currently available in Grand Peninsula?

There are currently 83 Apartments for Rent in Grand Peninsula, TX with pricing that ranges from $849 to $16,187. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Peninsula ranging from $1,380 to $6,500.

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 $1,380 to $6,500 with an average monthly rent of $2,735.

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 $1,346 to $15,020, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,410 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,380 and Four Bedroom Apartments start at $3,076.

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

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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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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

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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

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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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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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.