Cheap Apartments for Rent in the Lake Parks Neighborhood of Grand Prairie, TX from $700 (69 Rentals)

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

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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 Pointe
1 to 2 Bedroom Apartments

Wymberly Pointe

702 W Warrior TrlGrand Prairie, TX 75052
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Wymberly Crossing
1 to 3 Bedroom Apartments

Wymberly Crossing

3001 S Carrier PkyGrand Prairie, TX 75052
  • Utilities Included

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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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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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 Harmony priced from $729. Mateo Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Lake Parks apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
HarmonyA11BR,1BA$729
Mateo Apartment HomesE1RStudio,1BA$799
The Sherry Apartments1x11BR,1BA$799
Felix Apartments1x1 - 50%1BR,1BA$800
Park Row Apartments1x11BR,1BA$925
Clayton Pointe1 Bedroom 1 Bathroom - A11BR,1BA$950
Elliot PioneerA11BR,1BA$970
Running Brook ApartmentsEfficiencyStudio,1BA$975
AutumnwoodCypress1BR,1BA$977
La Vida Park2 Bedroom, 2 Bathroom, 1000 SQFT2BR,2BA$999

Best Value Apartments for Rent in Lake Parks, TX

As of November 22, 2025 the best value apartment in the Lake Parks area is the $1.23 price per square foot B3 Model at Elliot Windsprint in the in the East Arlington neighborhood starting from $1,309. The second greatest value Lake Parks apartment is the Two Bedroom Model at Trinity Trace starting at $1,454 with a $1.43 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.
Elliot WindsprintB32BR,2BA$1.23
Trinity TraceTwo Bedroom2BR,1BA$1.43
The Park on ForumB12BR,2BA$1.45
HendrixB12BR,1BA$1.47
Tree Top Apartments1 Bed x 1 Bath1BR,1BA$1.44
Mayfield Park ApartmentsA1 1x11BR,1BA$1.50
La Vida Park1 Bedroom, 1 Bathroom, 648 SQFT1BR,1BA$1.54
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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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 cities in Texas 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 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 $999.

What is the price of a cheap apartment in Lake Parks?

The cheapest apartment in Lake Parks is Harmony which is listed at $729, while the average apartment in Lake Parks costs $8,901.

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 37 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 $105 which is $8,796 cheaper than the average rent for all rentals in Lake Parks.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.