Cheap Homes for Rent in Lake Dallas, TX from $1,200 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Lake Dallas.

Lake Dallas, TX Local Guide

Cheapest Available Lake Dallas Apartments for Rent

 

The cheapest available apartment rental in Lake Dallas, TX is a Studio unit found at The District in Little Elm in the Eldorado West neighborhood priced from $918. Kensington Park in the Bryden neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $924. Here is today’s list of the most affordable Lake Dallas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The District in Little ElmE1Studio,1BA$918
Kensington ParkThe Farmington1BR,1BA$924
Providence Place Apartment HomesPhase II - A11BR,1BA$949

Best Value Apartments for Rent in Lake Dallas, TX

As of November 17, 2025 the best value apartment in the Lake Dallas area is the $1.27 price per square foot Phase I - D1 Model at Providence Place Apartment Homes in the in the Wheeler Ridge neighborhood starting from $1,599. The second greatest value Lake Dallas apartment is the B2 Model at Millennium Place starting at $1,824 with a $1.47 price per square foot in the Wheeler Ridge neighborhood. Here is today’s list of the best values for Lake Dallas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Providence Place Apartment HomesPhase I - D14BR,2BA$1.27
Millennium PlaceB22BR,2BA$1.47
Tower Ridge ApartmentsC13BR,2BA$1.52
Carmel VillasCarmel Villas - Berkley3BR,2BA$1.52
The RemingtonBordeaux2BR,2BA$1.30
Preserve at Pecan CreekB2A2BR,2BA$1.56
Kensington ParkThe Concord1BR,1BA$1.48
Valley RidgeB12BR,1BA$1.44
The Lodge at Pecan CreekA1A1BR,1BA$1.56
Villas At WaterchaseA11BR,1BA$1.50

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Dallas, TX

Ranked #84

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Dallas, TX Rentals by Map

View Map
Lake Dallas, TX Apartments Map
View Map
Lake Dallas, TX Rental Homes Map

Frequently Asked Questions about Lake Dallas

What type of rentals are currently available in Lake Dallas?

There are currently 51 Apartments for Rent in Lake Dallas, TX with pricing that ranges from $918 to $8,368. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Dallas ranging from $1,250 to $4,000.

What is the current price range for Rental Homes in Lake Dallas?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Dallas ranges from $1,250 to $4,000 with an average monthly rent of $2,310.

How much are larger Three and Four Bedroom Rentals in Lake Dallas?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Dallas range from $1,149 to $3,070, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,680 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,880 and Four Bedroom Apartments start at $1,599.

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.

decorative image for The 10 Best Affordable Neighborhoods in Dallas, TX article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.