
Cheap Homes for Rent in Lakewood Neighborhood of Grand Prairie, TX from $1,100 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Grand Prairie.


3802 State Hwy 161

1 W Mountain Creek Dr

25 W Mountain Creek Dr

2925 Fairway Dr
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.

2105 Forum Dr

92 E Mountain Creek Ct

2531 E Timberview Ln

3002 Rustlewind Ln

517 N Holiday Dr
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.

24 E Mountain Creek Ct

5017 Coffeyville Trail

3950 Dechman Dr

57 W Townhouse Ln

610 Edelweiss Dr
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.

3174 Christopher St

3214 Greentree Dr
Lakewood, Grand Prairie, TX Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,798 | $1,500 | $2,599 |
| Lakewood 3 Bedroom Homes for Rent | $2,253 | $1,800 | $2,999 |
| Lakewood 4 Bedroom Homes for Rent | $2,746 | $2,099 | $4,000 |
| Lakewood 5 Bedroom Homes for Rent | $2,978 | $2,535 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Lakewood Neighborhood of Grand Prairie, TX.
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Lakewood, Grand Prairie, TX Local Guide
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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 Ronan Apartment Homes priced from $973. The Park on Forum has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lakewood apartments for rent in Dallas, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ronan Apartment Homes | A2 | 1BR,1BA | $973 |
| The Park on Forum | A1 | 1BR,1BA | $1,000 |
| Mission Mayfield Downs | S1 | Studio,1BA | $1,054 |
| Arioso Apartments & Townhomes | A1 | 1BR,1BA | $1,075 |
| The Watson | 1x1 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Lakewood, TX
As of November 17, 2025 the best value apartment in the Lakewood area is the $1.71 price per square foot 3x2 Model at The Watson in the in the East Arlington neighborhood starting from $2,399. The second greatest value Lakewood apartment is the Baird Model at Canvas at Grand Prairie starting at $2,347 with a $1.84 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Watson | 3x2 | 3BR,2BA | $1.71 |
| Canvas at Grand Prairie | Baird | 2BR,2.5BA | $1.84 |
| Mission Mayfield Downs | B1 | 2BR,2BA | $1.59 |
| Ronan Apartment Homes | B1R | 2BR,2BA | $1.72 |
| Eagle Crossing | A1A | 1BR,1BA | $1.77 |
| Prairie Ranch Apartment Homes | A3 | 1BR,1BA | $1.58 |
| Highlands of Grand Prairie | A-1 | 1BR,1BA | $1.69 |
| The Park on Forum | A1 | 1BR,1BA | $1.51 |
| MAA Grand Courtyards | The Orchid | 1BR,1BA | $1.80 |
| Arioso Apartments & Townhomes | A1 | 1BR,1BA | $1.70 |
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 ArticleThe 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.
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 LifestyleLakewood, Grand Prairie, TX
Ranked #6
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 49 Apartments for Rent in Lakewood, TX with pricing that ranges from $950 to $13,726. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $1,165 to $4,000.
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 $1,165 to $4,000 with an average monthly rent of $2,249.
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 $1,670 to $3,283, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,999. Four Bedroom Single-Family rentals are also available starting from $2,099 and Four Bedroom Apartments start at $6,242.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.