
Cheap Apartments for Rent in the Highland Terrace Neighborhood of Richardson, TX from $500 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highland Terrace area of Richardson.


Encore at Buckingham

LAKESIDE ON SPRING VALLEY

Camelot Apartments

MAA Eastside

Arboretum Estates

Total Monthly Price
The Collins

Falls on Clearwood Apartments

Total Monthly Price
Cutter's Point Apartment Homes

530 Buckingham
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.

Oakline Apartments

Trade Winds Apartments

Heather Glen

Eastgate Apartments

High Oaks

Oaks at Spring Valley

Central North

Prestonwood Apartments Homes

411 E Polk St

The Wexler
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.

University Village Apartments

Hillsdale Garden Apartments

Pepperwood

Total Monthly Price
Parks at Walnut

The View at Lake Highlands

9809 Walnut St, Unit q304

9823 Walnut St, Unit L306

Park on Greenville

9011 Lyndon B Johnson Fwy

Total Monthly Price
Ninety-Nine44 on Walnut
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.

Waterford at Goldmark

9833 Walnut St

Huntington Brook

9801 Walnut St, Unit A305

The Warren

Richland Trace Condominiums

Briarwyck Apartments

9813 Walnut St

The Charlie

9805 Walnut St
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.

9839 Walnut St

9811 Walnut St

Richland Village Apartments

Crossings Apartments

Riverwalk Apartments

9825 Walnut St

Hunters Court

9835 Walnut St

12480 Abrams Rd

9815 Walnut St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,262 | $766 | $1,614 |
| Highland Terrace 1 Bedroom Apartments | $1,420 | $909 | $2,646 |
| Highland Terrace 2 Bedroom Apartments | $1,826 | $1,006 | $2,984 |
| Highland Terrace 3 Bedroom Apartments | $2,441 | $1,700 | $6,013 |
| Highland Terrace 4 Bedroom Apartments | $7,847 | $2,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 53 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
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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 $766. The Warren has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. 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 | $766 |
| The Warren | A2 | 1BR,1BA | $799 |
| Parks at Walnut | S1 | Studio,1BA | $811 |
| The View at Lake Highlands | E1 | Studio,1BA | $814 |
| The Charlie | A1 | 1BR,1BA | $886 |
| Riverwalk Apartments | A1 | 1BR,1BA | $974 |
| Park on Greenville | A2 | 1BR,1BA | $979 |
| Encore at Buckingham | The Windsor | 1BR,1BA | $979 |
| LAKESIDE ON SPRING VALLEY | A1 702sf 1/1 | 1BR,1BA | $995 |
| Hunters Court | A1 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Highland Terrace, TX
As of June 24, 2026 the best value apartment in the Highland Terrace area is the $1.26 price per square foot C1 Model at Lockwood Heights in the in the Abrams Road neighborhood starting from $1,700. The second greatest value Highland Terrace apartment is the Radiance I Model at Amber Dawn Apartments starting at $1,230 with a $1.26 price per square foot in the Preston Hollow 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 | $1.26 |
| Amber Dawn Apartments | Radiance I | 2BR,2BA | $1.26 |
| The Warren | B3 | 2BR,2BA | $1.22 |
| Ninety-Nine44 on Walnut | B2 | 2BR,2BA | $1.48 |
| Oaks at Spring Valley | B1 | 2BR,1BA | $1.38 |
| 101 N Bowser Rd, Unit 1 | 101 N Bowser Rd | 2BR,1BA | $1.50 |
| Falls on Clearwood Apartments | 1 Bedroom A1 | 1BR,1BA | $1.36 |
| Crossings Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.49 |
| Riverwalk Apartments | A1 | 1BR,1BA | $1.33 |
| LAKESIDE ON SPRING VALLEY | A1 702sf 1/1 | 1BR,1BA | $1.42 |
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.
Read ArticleReal 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.
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 $995.
What is the price of a cheap apartment in Highland Terrace?
The cheapest apartment in Highland Terrace is The Warren which is listed at $799, while the average apartment in Highland Terrace costs $10,270.
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 35 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 $286 which is $9,984 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

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.

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.