Cheap Homes for Rent in Lake Dallas, TX from $1,000 (12 Rentals)

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

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 Studio unit found at The District in Little Elm in the Eldorado West neighborhood priced from $978. 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
The District in Little ElmE1Studio,1BA$978
Parc Lake / Bay Shore VillageA1 - Parc Lake1BR,1BA$989
Urban SquareJade 21BR,1BA$995
Tower Ridge ApartmentsA11BR,1BA$999
Timberlinks At DentonA11BR,1BA$1,001

Best Value Apartments for Rent in Lake Dallas, TX

As of April 26, 2026 the best value apartment in the Lake Dallas area is the $1.21 price per square foot C1 Model at Tower Ridge Apartments in the in the Wheeler Ridge neighborhood starting from $1,390. The second greatest value Lake Dallas apartment is the C1 Model at Valley Ridge Apartment Homes starting at $1,624 with a $1.48 price per square foot in the Oakwood Estates 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.
Tower Ridge ApartmentsC13BR,2BA$1.21
Valley Ridge Apartment HomesC13BR,2BA$1.48
Preserve at Pecan CreekB2A2BR,2BA$1.54
Providence Place Apartment HomesPhase II - A11BR,1BA$1.60
Summit Ridge ApartmentsTHE BIRCH1BR,1BA$1.53
The Lodge at Pecan CreekA1A1BR,1BA$1.62
The RemingtonCabernet1BR,1BA$1.54
Hidden CreekA21BR,1BA$1.60
Kensington ParkThe Farmington1BR,1BA$1.54
Epic ApartmentsOne Bedroom A11BR,1BA$1.62

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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.

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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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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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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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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 57 Apartments for Rent in Lake Dallas, TX with pricing that ranges from $571 to $15,408. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Dallas ranging from $1,000 to $16,900.

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 $16,900 with an average monthly rent of $3,195.

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 $1,390 to $3,114, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,599.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.