Cheap Homes for Rent in Lakewood Neighborhood of Grand Prairie, TX from $1,100 (17 Rentals)

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

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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 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 ListingModel NameBed/BathPriced From
Ronan Apartment HomesA21BR,1BA$973
The Park on ForumA11BR,1BA$1,000
Mission Mayfield DownsS1Studio,1BA$1,054
Arioso Apartments & TownhomesA11BR,1BA$1,075
The Watson1x11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Watson3x23BR,2BA$1.71
Canvas at Grand PrairieBaird2BR,2.5BA$1.84
Mission Mayfield DownsB12BR,2BA$1.59
Ronan Apartment HomesB1R2BR,2BA$1.72
Eagle CrossingA1A1BR,1BA$1.77
Prairie Ranch Apartment HomesA31BR,1BA$1.58
Highlands of Grand PrairieA-11BR,1BA$1.69
The Park on ForumA11BR,1BA$1.51
MAA Grand CourtyardsThe Orchid1BR,1BA$1.80
Arioso Apartments & TownhomesA11BR,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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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
Lakewood, Grand Prairie, TX

Ranked #6

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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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.