
Cheap Apartments for Rent in the Highland Terrace Neighborhood of Richardson, TX from $500 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highland Terrace area of Richardson.


000 Stillmeadow Dr

Arboretum Estates

Cutter's Point Apartment Homes

Encore at Buckingham

MAA Eastside

Falls on Clearwood Apartments

Lockwood Heights

Brick Row Apartments

Camelot Apartments
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.

530 Buckingham

Total Monthly Price
Madison at Melrose

Total Monthly Price
101 N Bowser Rd, Unit 1, Unit 1

Total Monthly Price
The Collins

GreenVue

Total Monthly Price
Eastside Richardson

Trade Winds Apartments

LAKESIDE ON SPRING VALLEY

The Wexler

Heather Glen
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.

Eastgate Apartments

High Oaks

Prestonwood Apartments Homes

Central North

Oaks at Spring Valley

University Village Apartments

Camden Buckingham

Hillsdale Garden Apartments

Richland Park Apartments

Pepperwood
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.

Total Monthly Price
Parks at Walnut

The View at Lake Highlands

9809 Walnut St, Unit e302, Unit e302

9823 Walnut St, Unit L306

Park on Greenville

Total Monthly Price
Ninety-Nine44 on Walnut

Waterford at Goldmark

Total Monthly Price
Riverwalk Apartments

12480 Abrams Rd, Unit 124

9833 Walnut St
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.

Huntington Brook

9801 Walnut St

9839 Walnut St

Richland Trace Condominiums

Briarwyck Apartments

9805 Walnut St

The Charlie

9813 Walnut St

Richland Village Apartments

Crossings Apartments
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.
Highland Terrace, Richardson, TX Local Guide

How much does it cost to rent an apartment in Highland Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Highland Terrace Studio Apartments | $1,227 | $799 | $1,640 |
| Highland Terrace 1 Bedroom Apartments | $1,405 | $878 | $2,456 |
| Highland Terrace 2 Bedroom Apartments | $1,756 | $976 | $2,989 |
| Highland Terrace 3 Bedroom Apartments | $2,609 | $1,590 | $9,810 |
| Highland Terrace 4 Bedroom Apartments | $7,019 | $7,019 | $7,019 |
Browse Apartments in this Neighborhood
There are currently 65 rentals with your search options within a 2 mile radius of the Highland Terrace Neighborhood of Richardson, TX.
See all Apartments in RichardsonExplore Richardson
Highland Terrace, Richardson, TX Local Guide
- Nearby Richardson neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Highland Terrace Apartments for Rent
 The cheapest available apartment rental in the Highland Terrace area of Dallas, TX is a Studio unit found at Pepperwood priced from $799. Parks at Walnut has the second lowest priced unit, which is a Studio apartment currently listed from $811. Here are the most affordable Highland Terrace apartments for rent in Dallas, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pepperwood | Efficiency | Studio,1BA | $799 |
| Parks at Walnut | S1 | Studio,1BA | $811 |
| The Charlie | A1 | 1BR,1BA | $856 |
| Ninety-Nine44 on Walnut | A2 | 1BR,1BA | $960 |
| The View at Lake Highlands | A2 | 1BR,1BA | $976 |
| High Oaks | Unit | 1BR,1BA | $995 |
| Hunters Court | A2 | 1BR,1BA | $1,025 |
| Arboretum Estates | Willow | 1BR,1BA | $1,035 |
| Crossings Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,057 |
| Encore at Buckingham | The Windsor | 1BR,1BA | $1,072 |
Best Value Apartments for Rent in Highland Terrace, TX
As of April 26, 2026 the best value apartment in the Highland Terrace area is the $1.38 price per square foot C1 Model at Lockwood Heights in the in the Abrams Road neighborhood starting from $1,875. The second greatest value Highland Terrace apartment is the Brook Model at Cutter's Point Apartment Homes starting at $1,315 with a $1.23 price per square foot in the Country Forest neighborhood. Here is today’s list of the best values for Highland Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lockwood Heights | C1 | 3BR,2BA | $1.38 |
| Cutter's Point Apartment Homes | Brook | 2BR,2BA | $1.23 |
| Amber Dawn Apartments | Radiance I | 2BR,2BA | $1.23 |
| Oakline Apartments | B1 | 2BR,2BA | $1.44 |
| The Warren | B3 | 2BR,2BA | $1.29 |
| 101 N Bowser Rd, Unit 1 | 101 N Bowser Rd | 2BR,1BA | $1.50 |
| Prestonwood Apartments Homes | A1 Upgrade | 1BR,1BA | $1.47 |
| Riverwalk Apartments | A1 | 1BR,1BA | $1.49 |
| The View at Lake Highlands | A2 | 1BR,1BA | $1.34 |
| Hunters Court | A2 | 1BR,1BA | $1.51 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleHighland Terrace, Richardson, TX
Ranked #10
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Highland Terrace, Richardson, TX
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Highland Terrace, Richardson, and the greater Dallas area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Highland Terrace Apartments
What is a cheap apartment in Highland Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highland Terrace is under $1,072.
What is the price of a cheap apartment in Highland Terrace?
The cheapest apartment in Highland Terrace is The Charlie which is listed at $856, while the average apartment in Highland Terrace costs $8,871.
What types of apartments are the cheapest in Highland Terrace?
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 31 regular apartments in Highland Terrace 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 Highland Terrace?
Cheap apartments in Highland Terrace have an average cost of $215 which is $8,656 cheaper than the average rent for all rentals in Highland Terrace.
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

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.

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.

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.

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

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.

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.

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.

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.