Cheap Apartments for Rent in the Lake Parks Neighborhood of Grand Prairie, TX from $700 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Parks area of Grand Prairie.

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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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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Willow Tree Apartments
1 to 3 Bedroom Apartments

Willow Tree Apartments

1802 Robinson RdGrand Prairie, TX 75051
  • Utilities Included
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Sunridge
1 to 2 Bedroom Apartments

Sunridge

145 W Pioneer PkyGrand Prairie, TX 75051
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Wymberly Crossing
1 to 2 Bedroom Apartments

Wymberly Crossing

3001 S Carrier PkyGrand Prairie, TX 75052
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Tree Top Apartments
1 to 3 Bedroom Apartments

Tree Top Apartments

1933 S State Highway 161Grand Prairie, TX 75051
  • 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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property at 2105 Forum Dr

2105 Forum Dr

Grand PrairieTX75052

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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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Dallas's Best Affordable Neighborhoods

Learn about Dallas and the best places to live with original content written by our Dallas, TX Local Expert Tiffany Clark

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Brandon Oaks
Studio to 2 Bedroom Apartments

Brandon Oaks

1415 Wiscasset DrArlington, TX 76010
  • Utilities Included
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Lake Parks, Grand Prairie, TX Local Guide

Cheapest Available Lake Parks Apartments for Rent

 

The cheapest available apartment rental in the Lake Parks area of Dallas, TX is a 1 Bed unit found at The Sherry priced from $799. Mateo Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $852. Here are the most affordable Lake Parks apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
The SherryAries1BR,1BA$799
Mateo Apartment HomesE1RStudio,1BA$852
Ronan Apartment HomesA11BR,1BA$908
Marabella on PioneerA21BR,1BA$910
HarmonyA31BR,1BA$915
Elliot WindsprintA11BR,1BA$932
Clayton Pointe1 Bedroom 1 Bathroom - A11BR,1BA$950
Williamsburg ApartmentsOne Bedroom1BR,1BA$950
Running Brook ApartmentsEfficiencyStudio,1BA$975
The JunctionA21BR,1BA$990

Best Value Apartments for Rent in Lake Parks, TX

As of July 07, 2025 the best value apartment in the Lake Parks area is the $1.43 price per square foot Three Bedroom Model at Tribeca Townhomes in the in the Brookfield North neighborhood starting from $2,900. The second greatest value Lake Parks apartment is the Two Bedroom Model at Trinity Trace starting at $1,238 with a $1.22 price per square foot in the East Arlington neighborhood. Here is today’s list of the best values for Lake Parks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tribeca TownhomesThree Bedroom3BR,3BA$1.43
Trinity TraceTwo Bedroom2BR,1BA$1.22
HendrixB12BR,1BA$1.40
Elliot PioneerB22BR,2BA$1.43
HarmonyB12BR,2BA$1.36
Regency Apartments2x12BR,1BA$1.39
Tree Top Apartments1 Bed x 1 Bath1BR,1BA$1.44
Mayfield Park ApartmentsA1 1x11BR,1BA$1.50
Elliot WindsprintA11BR,1BA$1.23
The SherryAries1BR,1BA$1.36

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
Lake Parks, Grand Prairie, TX

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Parks, Grand Prairie, TX

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas, including Grand Prairie. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Lake Parks Neighborhood in Grand Prairie, TX

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Parks Apartments

What is the Cheapest Studio apartment in Lake Parks?

Currently the most affordable Cheap Studio Apartment in Lake Parks is at Mateo Apartment Homes listed at $852.

How much is rent for a Cheap One Bedroom Lake Parks Apartment?

The lowest price for a Cheap One Bedroom Lake Parks Apartment is $799 at The Sherry.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Parks is starting from $999 at The Sherry.

What is the most affordable Lake Parks Three Bedroom Apartment?

The best deal on a cheap Lake Parks Three Bedroom Apartment rental is at Marabella on Pioneer and starts from $1,440.

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.