Cheap Apartments for Rent in the Arapacho Neighborhood of Richardson, TX from $700 (63 Rentals)

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

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Madison at Melrose
Rent Specials
$1,318 - $2,598
Total Monthly Price

Total Monthly Price

Base Rent
$1,318 - $2,598

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Madison at Melrose

1520 Richardson DrRichardson, TX 75080
Student 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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The Wexler
Studio to 3 Bedroom Apartments

The Wexler

925 S Waterview DrRichardson, TX 75080
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Central North
2 Bedroom Apartments

Central North

340 Custer RdRichardson, TX 75080
  • Utilities Included
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Windham Chase
2 to 3 Bedroom Apartments

Windham Chase

1330 W Spring Valley RdRichardson, TX 75080
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Camden Buckingham
1 to 2 Bedroom Apartments

Camden Buckingham

430 E Buckingham RdRichardson, TX 75081
  • Utilities Included

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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Valley Estates
2 to 3 Bedroom Apartments

Valley Estates

929 Saint Paul DrRichardson, TX 75080
property at 919 S Weatherred Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 2 Bath Townhome for Rent

Available Now

919 S Weatherred Dr

RichardsonTX75080

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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The Jasmine Apartments
Rent Specials
$813 - $3,667
Total Monthly Price

Total Monthly Price

Base Rent
$813 - $3,667

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Jasmine Apartments

13450 Esperanza RdDallas, TX 75240
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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La Fortuna Apartments
Rent Specials
$884 - $1,664
Total Monthly Price

Total Monthly Price

Base Rent
$884 - $1,664

Total Monthly Price
$884 - $1,664
Studio to 2 Bedroom Apartments Available Now

La Fortuna Apartments

14018 Brookgreen DrDallas, TX 75240
Affordability
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Esperanza Apartments
Rent Specials
$1,134 - $1,965
Total Monthly Price

Total Monthly Price

Base Rent
$1,134 - $1,965

Total Monthly Price
$1,134 - $1,965
1 to 3 Bedroom Apartments Available Now

Esperanza Apartments

14000 Esperanza RdDallas, TX 75240
Affordability
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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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Vinings at Central
1 to 3 Bedroom Apartments

Vinings at Central

13447 N Central ExpyDallas, TX 75243
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Cottonwood
1 to 3 Bedroom Apartments

Cottonwood

13323 Esperanza RdDallas, TX 75240
Student Housing
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Alena Apartments
1 to 2 Bedroom Apartments

Alena Apartments

7050 Arapaho RdDallas, TX 75248
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Lumina
Studio to 2 Bedroom Apartments

Lumina

13512 Esperanza RdDallas, TX 75240
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Casa de Arroyo
1 to 2 Bedroom Apartments

Casa de Arroyo

8360 Spring Valley RdDallas, TX 75240
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Vista Buena Apartments
1 to 3 Bedroom Apartments

Vista Buena Apartments

13350 Esperanza RdDallas, TX 75240
  • Utilities Included

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.

Arapacho, Richardson, TX Local Guide

Cheapest Available Arapacho Apartments for Rent

 

The cheapest available apartment rental in the Arapacho area of Dallas, TX is a 1 Bed unit found at Lexington Apartment Homes priced from $775. Helios has the second lowest priced unit, which is a Studio apartment currently listed from $804. Here are the most affordable Arapacho apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Lexington Apartment HomesA31BR,1BA$775
HeliosE1Studio,1BA$804
The Jasmine ApartmentsS1Studio,1BA$813
CottonwoodA11BR,1BA$839
Meadowcrest ApartmentsA31BR,1BA$865
La Fortuna ApartmentsA1Studio,1BA$884
Prestonwood Hillcrest ApartmentsAspen - 1 Bed 1 Bath1BR,1BA$885
Alena ApartmentsS01BR,1BA$889
Northwood Heights ApartmentsA11BR,1BA$896
LuminaA11BR,1BA$899

Best Value Apartments for Rent in Arapacho, TX

As of May 27, 2026 the best value apartment in the Arapacho area is the $1.33 price per square foot C2THR Model at La Mirada in the in the Preston Hollow neighborhood starting from $1,999. The second greatest value Arapacho apartment is the C1 Model at Lockwood Heights starting at $1,820 with a $1.34 price per square foot in the Abrams Road neighborhood. Here is today’s list of the best values for Arapacho apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
La MiradaC2THR3BR,2BA$1.33
Lockwood HeightsC13BR,2BA$1.34
Huntington TownhomesHampton2BR,1.5BA$1.18
Amber Dawn ApartmentsRadiance I2BR,2BA$1.22
LuminaB32BR,2BA$1.48
Prestonwood Apartments HomesA31BR,1BA$1.37
Hillsdale Garden ApartmentsB12BR,1.5BA$1.49
Esperanza ApartmentsB12BR,2BA$1.51
Falls on Clearwood Apartments1 Bedroom A11BR,1BA$1.41
CottonwoodA11BR,1BA$1.50

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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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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Pet Friendly Lifestyle
Arapacho, Richardson, TX

Ranked #9

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States, including Richardson. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, features that make it easier to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Arapacho Apartments

What is a cheap apartment in Arapacho?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Arapacho is under $899.

What is the price of a cheap apartment in Arapacho?

The cheapest apartment in Arapacho is Lexington Apartment Homes which is listed at $775, while the average apartment in Arapacho costs $17,468.

What types of apartments are the cheapest in Arapacho?

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 25 regular apartments in Arapacho 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 Arapacho?

Cheap apartments in Arapacho have an average cost of $188 which is $17,280 cheaper than the average rent for all rentals in Arapacho.

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.

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