Cheap Apartments for Rent in Lancaster, TX from $500 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lancaster.

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Villas of Lancaster
1 to 2 Bedroom Apartments

Villas of Lancaster

2531 W Pleasant Run RdLancaster, TX 75146
Senior Living
  • Utilities Included
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Meadows
1 to 3 Bedroom Apartments

Meadows

1500 N Bluegrove RdLancaster, TX 75134

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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Bel Air Place
1 to 3 Bedroom Apartments

Bel Air Place

1508 Dewberry BlvdLancaster, TX 75134
  • Utilities Included
property at 3130 Parkerville Rd

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

1 Bedroom, 1 Bath Home for Rent

Available Now

3130 Parkerville Rd

LancasterTX75146

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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Emerson at Red Oak
Rent Specials
$1,525 - $3,465
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $3,465
Total Monthly Price
$1,525 - $3,465
1 to 2 Bedroom Apartments Available Now

Emerson at Red Oak

351 Hickory Creek DrRed Oak, TX 75154
Family Friendly
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  • 3D Tour

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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Magnolia Trace
1 to 2 Bedroom Apartments

Magnolia Trace

2111 Crouch RdDallas, TX 75241
Senior Living
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Wilmer Country Isle
Studio to 2 Bedroom Apartments

Wilmer Country Isle

301 1st StWilmer, TX 75172
  • Utilities Included
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The 510 Apartments
Studio to 3 Bedroom Apartments

The 510 Apartments

510 E Belt Line RdDesoto, TX 75115
  • Utilities Included
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Paloma
1 to 3 Bedroom Apartments

Paloma

330 E Camp Wisdom RdDallas, TX 75241

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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The Crossing
3 Bedroom Apartments

The Crossing

101 W Pleasant Run RdWilmer, TX 75172
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Wheatland Gardens
1 to 2 Bedroom Apartments

Wheatland Gardens

911 W Wheatland RdDallas, TX 75232
  • Utilities Included
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Windsong Place
1 to 2 Bedroom Apartments

Windsong Place

1110 E Wintergreen RdDesoto, TX 75115
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Cedar Green Living Center
1 to 2 Bedroom Apartments

Cedar Green Living Center

1020 Pecan Crossing DrDesoto, TX 75115
Senior Living
  • Utilities Included
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Waverly Apartments
1 to 2 Bedroom Apartments

Waverly Apartments

1025 W Wheatland RdDallas, TX 75232
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La Hacienda
1 to 3 Bedroom Apartments

La Hacienda

7938 Leigh Ann DrDallas, TX 75232
  • Utilities Included
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Wooded Creek
1 to 2 Bedroom Apartments

Wooded Creek

825 E Pleasant Run RdDesoto, TX 75115
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La Finca Apartments
1 to 3 Bedroom Apartments

La Finca Apartments

8404-8502 Willoughby BlvdDallas, TX 75232
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Lancaster, TX Local Guide

Cheapest Available Lancaster Apartments for Rent

 

The cheapest available apartment rental in Lancaster, TX is a 1 Bed unit found at Magnolia Trace in the Highland Hills neighborhood priced from $596. Windsong Place in the Meadowview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia TraceA11BR,1BA$596
Windsong PlaceA1-50%1BR,1BA$900
Eagle Creek Landing Apartments1 Bedroom 1 Bathroom1BR,1BA$949
Waverly Apartments1st Mo. Rent FREE Move in Special! (OAC)1BR,1BA$950
Rolling Hills PlaceAvalon1BR,1BA$1,025
Vista Park Apartments2 Bedroom 1 Bath2BR,1BA$1,039
Casa Hills at Wolf Creek1/11BR,1BA$1,049
EMLI at Liberty Crossing ApartmentsA11BR,1BA$1,077
Wooded CreekA11BR,1BA$1,115
The Park at Wintergreen ApartmentsThe Carousel1BR,1BA$1,141

Best Value Apartments for Rent in Lancaster, TX

As of July 05, 2026 the best value apartment in the Lancaster area is the $1.28 price per square foot C2 Model at Ridge At Lancaster in the in the Highland Hills neighborhood starting from $1,793. The second greatest value Lancaster apartment is the C1 Model at EMLI at Liberty Crossing Apartments starting at $1,794 with a $1.47 price per square foot in the Outer Mesquite neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ridge At LancasterC23BR,2BA$1.28
EMLI at Liberty Crossing ApartmentsC13BR,2BA$1.47
Vista Park Apartments3 Bedrooms 2 Baths3BR,2BA$1.28
Highland HillsTwo Bedroom Townhome2BR,2BA$1.08
Beckley TownhomesTwo Bedroom Townhome2BR,2BA$1.41
Creekwood PlaceTwo Bed Two Bath 1054 Sqft2BR,2BA$1.23
Magnolia TraceB22BR,2BA$1.31
Waverly Apartments1st Mo. Rent FREE Move in Special! (OAC)1BR,1BA$1.27
Rolling Hills PlaceAvalon1BR,1BA$1.46
Windsong PlaceA1-80%1BR,1BA$1.48

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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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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Lancaster, TX

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Lancaster Apartments

How much is rent for a Cheap One Bedroom Lancaster Apartment?

The lowest price for a Cheap One Bedroom Lancaster Apartment is $596 at Magnolia Trace.

What is the lowest price for a Cheap Two Bedroom Lancaster Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $1,039 at Vista Park Apartments.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Highland Hills and starts from $1,366.

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.