
Cheap Apartments for Rent in the Lake Parks Neighborhood of Grand Prairie, TX from $600 (98 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Parks area of Grand Prairie.


Marabella on Pioneer

Clayton Pointe

Ronan Apartment Homes

The Reid Apartments

Total Monthly Price
Windscape Apartments

Windchase

The Park on Forum

z - Historical - Arioso Apartments & Townhomes

Buena Onda on Marshall
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.

The Watson

Parkways on Prairie Creek

Williamsburg Apartments

Total Monthly Price
NeuRock of Westchester

Bexley Central Park

The Quadrangles on Twenty

Total Monthly Price
Highlands of Grand Prairie

Indigo Pointe

MAA Grand Courtyards

Prairie Gate Community
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.

Total Monthly Price
Jovia

The Sutherland

Viceroy

The Duvall

Winding Creek at the Preserve

1150 I-20, Unit 1511

Total Monthly Price
Arden at Midtown GP

Total Monthly Price
The Bradbury

Total Monthly Price
Luxia Grand Prairie

Creekside at Grand Prairie
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.

Total Monthly Price
Jefferson Lakehaven

Total Monthly Price
Axis Grand Crossing

2290 Forum Dr, Unit 2215

Total Monthly Price
Corsair

762 E Warrior Trail

Total Monthly Price
The Gibson

Total Monthly Price
Copeland

Total Monthly Price
Ascend at Forum

Total Monthly Price
The Westlyn

3023 Oak Ridge Pl
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.

2422 S Carrier Pkwy, Unit 210

2422 S Carrier Pkwy, Unit 308

2422 S Carrier Pkwy

3019 Oak Ridge Pl

304 Gregory Ln

2422 S Carrier Pkwy, Unit 223

The Retreat at Grand Prairie

2422 S Carrier Pkwy, Unit 305

Total Monthly Price
Casona Grand Prairie

2422 S Carrier Pkwy, Unit 504
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Lake Parks, Grand Prairie, TX Local Guide

How much does it cost to rent an apartment in Lake Parks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Parks Studio Apartments | $1,195 | $793 | $1,950 |
| Lake Parks 1 Bedroom Apartments | $1,458 | $780 | $5,301 |
| Lake Parks 2 Bedroom Apartments | $1,694 | $922 | $5,550 |
| Lake Parks 3 Bedroom Apartments | $2,449 | $1,390 | $10,000+ |
| Lake Parks 4 Bedroom Apartments | $4,497 | $2,799 | $7,485 |
Browse Apartments in this Neighborhood
There are currently 98 rentals with your search options within a 3 mile radius of the Lake Parks Neighborhood of Grand Prairie, TX.
See all Apartments in Grand PrairieExplore Grand Prairie
Lake Parks, Grand Prairie, TX Local Guide
- Nearby Grand Prairie neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Park at Timberlake priced from $699. Cedar Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Lake Parks apartments for rent in Dallas, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park at Timberlake | A2R | 1BR,1BA | $699 |
| Cedar Point Apartments | 1B/1B | 1BR,1BA | $780 |
| Mateo Apartment Homes | S1 | Studio,1BA | $793 |
| The Sherry Apartments | 1x1 | 1BR,1BA | $799 |
| Harmony | A2 | 1BR,1BA | $799 |
| Elliot Windsprint | A1 | 1BR,1BA | $830 |
| Ashton Park | The Ash | 1BR,1BA | $899 |
| Clayton Pointe | 1 Bedroom 1 Bathroom - A1 | 1BR,1BA | $925 |
| The Reid Apartments | A1 Classic | 1BR,1BA | $990 |
| Felix Apartments | A3 Renovated | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Lake Parks, TX
As of July 08, 2026 the best value apartment in the Lake Parks area is the $1.29 price per square foot C1 Model at Indigo Pointe in the in the East Arlington neighborhood starting from $1,615. The second greatest value Lake Parks apartment is the B4 Model at Elliot Windsprint starting at $1,289 with a $1.21 price per square foot in the Arlington neighborhood. Here is today’s list of the best values for Lake Parks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Indigo Pointe | C1 | 3BR,2BA | $1.29 |
| Elliot Windsprint | B4 | 2BR,2BA | $1.21 |
| Hendrix | B2 | 2BR,2BA | $1.31 |
| Harmony | B1 | 2BR,2BA | $1.28 |
| Tree Top Apartments | 1 Bed x 1 Bath | 1BR,1BA | $1.44 |
| Regency Apartments | A4 | 1BR,1BA | $1.39 |
| Mercer Park | 1 bed 1 Bath | 1BR,1BA | $1.44 |
| Felix Apartments | A3 Renovated | 1BR,1BA | $1.44 |
| Ashton Park | The Ash | 1BR,1BA | $1.28 |
| The Sherry Apartments | 1x1 | 1BR,1BA | $1.36 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLake Parks, Grand Prairie, TX
Ranked #1
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
Frequently Asked Questions about Cheap Lake Parks Apartments
What is a cheap apartment in Lake Parks?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Parks is under $1,030.
What is the price of a cheap apartment in Lake Parks?
The cheapest apartment in Lake Parks is Park at Timberlake which is listed at $699, while the average apartment in Lake Parks costs $16,307.
What types of apartments are the cheapest in Lake Parks?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 88 regular apartments in Lake Parks that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Parks?
Cheap apartments in Lake Parks have an average cost of $215 which is $16,092 cheaper than the average rent for all rentals in Lake Parks.
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

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.

Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX
Written by: Tiffany Clark
According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers
Written by: Tiffany Clark
Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years
Written by: Tiffany Clark
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.