Cheap Apartments for Rent in Richardson, TX from $500 (256 Rentals)

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

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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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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An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

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The Wexler
Studio to 3 Bedroom Apartments

The Wexler

925 S Waterview DrRichardson, TX 75080

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Heather Glen
1 to 3 Bedroom Apartments

Heather Glen

105 S Bowser RdRichardson, TX 75081
  • Utilities Included
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Eastgate Apartments
2 Bedroom Apartments

Eastgate Apartments

101 N Bowser RdRichardson, TX 75081
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Central North
2 Bedroom Apartments

Central North

340 Custer RdRichardson, TX 75080
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1212 Hampshire Ln
1 to 3 Bedroom Apartments

1212 Hampshire Ln

1212 Hampshire LnRichardson, TX 75080
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High Oaks
1 to 3 Bedroom Apartments

High Oaks

113-117 S Bowser RdRichardson, TX 75081
Student Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Richardson, TX Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Richardson, TX

Pricing Updated: 01/09/2026

Current apartment rentals in the Richardson, TX area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Richardson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Buckingham$5,726$623639

Cheapest Available Richardson Apartments for Rent

 

The cheapest available apartment rental in Richardson, TX is a 1 Bed unit found at The Emerson in the East Dallas neighborhood priced from $563. The Everly in the East Dallas neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Richardson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The EmersonA11BR,1BA$563
The EverlyA11BR,1BA$615
The BernardA11BR,1BA$650
The BaxterA21BR,1BA$675
The Edison - Dallas, TXA21BR,1BA$679
Summerwood CoveA11BR,1BA$695
The Reserve at Lake HighlandsA11BR,1BA$695
Wyndham on the CreekA11BR,1BA$705
BX5A1 - The Blake1BR,1BA$708
The BeckhamA11BR,1BA$713

Best Value Apartments for Rent in Richardson, TX

As of January 09, 2026 the best value apartment in the Richardson area is the $1.11 price per square foot B1 Classic Model at The Retreat at Lake Highlands in the in the East Dallas neighborhood starting from $1,175. The second greatest value Richardson apartment is the B1R Model at La Mirada starting at $1,299 with a $1.25 price per square foot in the Preston Hollow neighborhood. Here is today’s list of the best values for Richardson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at Lake HighlandsB1 Classic2BR,2BA$1.11
La MiradaB1R2BR,2BA$1.25
The Edison - Dallas, TXB22BR,1BA$1.23
The EmersonB22BR,2BA$1.22
Huntington TownhomesHeritage1BR,1.5BA$1.26
The BeckhamB12BR,1BA$1.20
Wyndham on the CreekA11BR,1BA$1.17
Aulden at The HighlandsA21BR,1BA$1.25
The BaxterA31BR,1BA$1.23
The EverlyA11BR,1BA$1.14

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

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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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Richardson Overview

Convenient to the greater Dallas region of the proud state of Texas, apartments in Richardson make a great place to kick up your boots and hang your hat. Brimming with job market growth and plenty of schooling options for working class families, this winning locale is unsurprisingly popular.

Why live in Richardson, TX?

Home to one of the largest collections of telecommunications industry in the world, as well as a large base of health care service, Richardson has much to offer in terms of gainful employment opportunities. The local university is held in high regard, and its student body helps lend a youthful energy to the city. With the excitement of Dallas just a hop and a jump away, Richardson apartments truly offer smaller town ambiance without sacrificing big city convenience.

Best Local Schools in
Richardson, TX

School data provided by Great Schools

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

Explore Richardson, TX Rentals by Map

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See the most popular apartments and homes in Richardson, TX

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Frequently Asked Questions about Cheap Richardson Apartments

What is a cheap apartment in Richardson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richardson is under $713.

What is the price of a cheap apartment in Richardson?

The cheapest apartment in Richardson is The Emerson which is listed at $563, while the average apartment in Richardson costs $5,726.

What types of apartments are the cheapest in Richardson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 66 regular apartments in Richardson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Richardson?

Cheap apartments in Richardson have an average cost of $178 which is $5,548 cheaper than the average rent for all rentals in Richardson.

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!