Cheap Homes for Rent in Lake Dallas, TX from $1,000 (11 Rentals)

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

property at 721 Summers Ln

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

721 Summers Ln

Lake DallasTX75065
property at 123 Folly Beach Dr

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Now

123 Folly Beach Dr, Unit B

123 Folly Beach Dr
Lake DallasTX75065

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.

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.

Lake Dallas, TX Local Guide

Cheapest Available Lake Dallas Apartments for Rent

 

The cheapest available apartment rental in Lake Dallas, TX is a 1 Bed unit found at Summit Ridge Apartments in the Natatorium neighborhood priced from $965. Parc Lake / Bay Shore Village in the Natatorium neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. Here is today’s list of the most affordable Lake Dallas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Summit Ridge ApartmentsTHE BIRCH1BR,1BA$965
Parc Lake / Bay Shore VillageA1 - Parc Lake1BR,1BA$989
Valley Ridge Apartment HomesB12BR,1BA$994
Providence Place Apartment HomesPhase II - A11BR,1BA$999
Villas at Waterchase ApartmentsA31BR,1BA$1,023

Best Value Apartments for Rent in Lake Dallas, TX

As of June 10, 2026 the best value apartment in the Lake Dallas area is the $1.35 price per square foot Phase I - D1 Model at Providence Place Apartment Homes in the in the Wheeler Ridge neighborhood starting from $1,699. The second greatest value Lake Dallas apartment is the C1 Model at Tower Ridge Apartments starting at $1,467 with a $1.28 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$1.35
Tower Ridge ApartmentsC13BR,2BA$1.28
Kensington ParkThe Bluestone2BR,2BA$1.52
215 Folly Beach Dr, Unit 215 B215 Folly Beach Dr2BR,1BA$1.50
Villas at Waterchase ApartmentsB12BR,2BA$1.31
Valley Ridge Apartment HomesB12BR,1BA$1.16
The RemingtonSauvignon1BR,1BA$1.43
The Lakeshore Apartment HomesAvalon1BR,1BA$1.63
Summit Ridge ApartmentsTHE BIRCH1BR,1BA$1.31
Epic ApartmentsOne Bedroom A11BR,1BA$1.62

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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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark

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

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Frequently Asked Questions about Lake Dallas

What type of rentals are currently available in Lake Dallas?

There are currently 59 Apartments for Rent in Lake Dallas, TX with pricing that ranges from $917 to $14,394. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Dallas ranging from $1,000 to $14,500.

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 $1,000 to $14,500 with an average monthly rent of $4,184.

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 $1,199 to $12,346, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,125 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,345 and Four Bedroom Apartments start at $1,699.

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.

decorative image for The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers article

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.