Cheap Apartments for Rent in Richardson, TX from $500 (228 Rentals)

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The Collins
Rent Specials
$1,054 - $2,279
Total Monthly Price

Total Monthly Price

Base Rent
$1,054 - $2,279
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Collins

540 Buckingham RdRichardson, TX 75081
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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The Mallory Eastside
Rent Specials
$1,262 - $6,174
Total Monthly Price

Total Monthly Price

Base Rent
$1,262 - $6,174
Total Monthly Price
$1,262 - $6,174
1 to 2 Bedroom Apartments Available Now

The Mallory Eastside

1705 N Greenville AveRichardson, TX 75081
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Madison at Melrose
Rent Specials
$1,298 - $2,508
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $2,508
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Madison at Melrose

1520 Richardson DrRichardson, TX 75080
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Evergreen at Richardson
1 to 2 Bedroom Apartments

Evergreen at Richardson

3551 Northstar RdRichardson, TX 75082
Senior Living
  • Utilities Included
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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
  • Utilities Included

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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High Oaks
1 to 3 Bedroom Apartments

High Oaks

113-117 S Bowser RdRichardson, TX 75081
Student Housing
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Central North
2 Bedroom Apartments

Central North

340 Custer RdRichardson, TX 75080
  • Utilities Included
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411 E Polk St
1 to 2 Bedroom Apartments

411 E Polk St

411 E Polk StRichardson, TX 75081
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The Wexler
Studio to 3 Bedroom Apartments

The Wexler

925 S Waterview DrRichardson, TX 75080
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Windham Chase
2 to 3 Bedroom Apartments

Windham Chase

1330 W Spring Valley RdRichardson, TX 75080

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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Camden Buckingham
1 to 2 Bedroom Apartments

Camden Buckingham

430 E Buckingham RdRichardson, TX 75081
  • Utilities Included
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Galatyn Station
1 to 3 Bedroom Apartments

Galatyn Station

2301 Performance DrRichardson, TX 75082
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The Garrison
Rent Specials
$628 - $1,453
Total Monthly Price

Total Monthly Price

Base Rent
$628 - $1,453
Total Monthly Price
$628 - $1,453
Studio to 2 Bedroom Apartments Available Now

The Garrison

9911 Whitehurst DrDallas, TX 75243
Corporate Housing
  • Verified
  • 3D Tour

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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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: 07/09/2026

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$16,659$650444

Cheapest Available Richardson Apartments for Rent

 

The cheapest available apartment rental in Richardson, TX is a 1 Bed unit found at The Vance Apartments in the Richardson neighborhood priced from $650. The Larsen Apartments in the Richardson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Richardson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Vance ApartmentsA11BR,1BA$650
The Larsen Apartmentsbeck_A11BR,1BA$675
OasisA11BR,1BA$694
The EllingtonA1 ClassicStudio,1BA$697
Baxterbaxt_A1c1BR,1BA$700
The Linden Apartmentsbent_A11BR,1BA$700
Tides at Royal Lane NorthKona1BR,1BA$701
The GarrisonA1 QuartzStudio,1BA$702
Prime at Lake HighlandsA31BR,1BA$712
The MarionA1P1BR,1BA$716

Best Value Apartments for Rent in Richardson, TX

As of July 09, 2026 the best value apartment in the Richardson area is the $1.21 price per square foot Corpus Christi Renovated Model at Shiloh Park in the in the Plano neighborhood starting from $1,875. The second greatest value Richardson apartment is the Legacy Model at Chisholm Place starting at $1,805 with a $1.27 price per square foot in the Plano 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.
Shiloh ParkCorpus Christi Renovated2BR,2.5BA$1.21
Chisholm PlaceLegacy2BR,2BA$1.27
Lockwood HeightsC13BR,2BA$1.23
Huntington TownhomesHartford3BR,1.5BA$1.17
Bel Air OaksC13BR,2.5BA$1.25
Amber Dawn ApartmentsRadiance I2BR,2BA$1.21
The Edison - Dallas, TXB12BR,1BA$1.08
SUMMIT PARQUE, LLCA11BR,1BA$1.18
Prime at Lake HighlandsA11BR,1BA$1.25
Tides at Royal Lane NorthKona1BR,1BA$1.24

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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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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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.

Richardson, TX
Population: 120,981

Ranked #235

in US Census Population by City

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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 $716.

What is the price of a cheap apartment in Richardson?

The cheapest apartment in Richardson is The Vance Apartments which is listed at $650, while the average apartment in Richardson costs $16,659.

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 48 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 $168 which is $16,491 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

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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

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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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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.

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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

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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

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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.