Cheap Homes for Rent in the Lakewood Neighborhood of Grand Prairie, TX from $1,500 (27 Rentals)

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

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-27, Page 1 of 1

Lakewood, Grand Prairie, TX Local Guide

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of Dallas, TX is a 1 Bed unit found at Jovia priced from $1,149. Prairie Ranch Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,169. Here are the most affordable Lakewood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
JoviaA21BR,1BA$1,149
Prairie Ranch Apartment HomesA51BR,1BA$1,169
Mission Mayfield DownsA11BR,1BA$1,174
The Park on ForumA21BR,1BA$1,190
Ronan Apartment HomesA1R1BR,1BA$1,193
Eagle CrossingA1A1BR,1BA$1,229
Parkways on Prairie CreekA21BR,1BA$1,234
NeuRock of WestchesterA1-R1BR,1BA$1,261
Highlands of Grand PrairieA-11BR,1BA$1,263
Windscape Apartments2 bedroom, 1 bathroom2BR,1BA$1,295

Best Value Apartments for Rent in Lakewood, TX

As of August 17, 2026 the best value apartment in the Lakewood area is the $1.79 price per square foot Astoria Model at Tribeca Townhomes in the in the Grand Prairie neighborhood starting from $2,950. The second greatest value Lakewood apartment is the C3 Model at Villas at Bardin starting at $2,850 with a $1.73 price per square foot in the East Arlington neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tribeca TownhomesAstoria3BR,2BA$1.79
Villas at BardinC33BR,2.5BA$1.73
Mission Mayfield DownsC13BR,2BA$1.60
Winding Creek at the PreserveB22BR,2BA$1.75
Windscape Apartments2 bedroom, 1 bathroom2BR,1BA$1.67
The Park on ForumA21BR,1BA$1.58
Parkways on Prairie CreekA21BR,1BA$1.68
Eagle CrossingA1A1BR,1BA$1.71
Prairie Ranch Apartment HomesA41BR,1BA$1.63
Highlands of Grand PrairieA-11BR,1BA$1.79

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

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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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Pet Friendly Lifestyle
Lakewood, Grand Prairie, TX

Ranked #4

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Lakewood, Grand Prairie, TX

School data provided by Great Schools

Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 51 Apartments for Rent in Lakewood, TX with pricing that ranges from $739 to $11,651. There are also 120 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $1,500 to $6,500.

What is the current price range for Rental Homes in Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $1,500 to $6,500 with an average monthly rent of $2,628.

How much are larger Three and Four Bedroom Rentals in Lakewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $1,653 to $9,357, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $3,108.

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.

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