Cheap Homes for Rent in Lakewood Neighborhood of Grand Prairie, TX from $1,600 (38 Rentals)

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

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.

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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.

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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.

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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.

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Showing Results 1-38, 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 Ronan Apartment Homes priced from $1,057. z - Historical - Arioso Apartments & Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here are the most affordable Lakewood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Ronan Apartment HomesA1R1BR,1BA$1,057
z - Historical - Arioso Apartments & TownhomesA11BR,1BA$1,075
Windscape Apartments1 bedroom, 1 bathroom1BR,1BA$1,120
Indigo PointeA11BR,1BA$1,129
Prairie Ranch Apartment HomesA51BR,1BA$1,169
Mission Mayfield DownsA11BR,1BA$1,177
MAA Grand CourtyardsThe Orchid1BR,1BA$1,213
NeuRock of WestchesterA1-P1BR,1BA$1,216
Parkways on Prairie CreekA41BR,1BA$1,264
Eagle CrossingA1A1BR,1BA$1,278

Best Value Apartments for Rent in Lakewood, TX

As of June 29, 2026 the best value apartment in the Lakewood area is the $1.72 price per square foot D1 Model at Villas at Bardin in the in the East Arlington neighborhood starting from $3,224. The second greatest value Lakewood apartment is the C1 Model at Copeland starting at $2,355 with a $1.80 price per square foot in the Brookfield North 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.
Villas at BardinD14BR,2.5BA$1.72
CopelandC13BR,2BA$1.80
Canvas at Grand Prairie TownhomesBaird2BR,2BA$1.72
Parkways on Prairie CreekC13BR,2BA$1.66
The Park on ForumC13BR,2BA$1.55
JoviaA21BR,1BA$1.80
Eagle CrossingA1A1BR,1BA$1.78
Prairie Ranch Apartment HomesA51BR,1BA$1.62
Indigo PointeA11BR,1BA$1.66
Windscape Apartments1 bedroom, 1 bathroom1BR,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

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 #5

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
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 $987 to $16,884. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $1,650 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 $1,650 to $6,500 with an average monthly rent of $3,225.

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 $1,514 to $14,532, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,259 and Four Bedroom Apartments start at $2,799.

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

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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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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.

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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.

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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

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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.

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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.

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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.

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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.