Cheap Apartments for Rent in the Highland Terrace Neighborhood of Richardson, TX from $500 (65 Rentals)

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

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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Madison at Melrose
Rent Specials
$1,208 - $2,508
Total Monthly Price

Total Monthly Price

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$1,208 - $2,508

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1 to 3 Bedroom Apartments Available Now

Madison at Melrose

1520 Richardson DrRichardson, TX 75080
Student Housing
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The Collins
Rent Specials
$1,244 - $2,344
Total Monthly Price

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$1,244 - $2,344

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1 to 3 Bedroom Apartments Available Now

The Collins

540 Buckingham RdRichardson, TX 75081
Corporate Housing
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Eastside Richardson
Rent Specials
$1,296 - $3,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,296 - $3,250

Total Monthly Price
$1,296 - $3,250
Studio to 3 Bedroom Apartments Available Now

Eastside Richardson

1735 N Greenville AveRichardson, TX 75081
Eco-Friendly
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The Wexler
Studio to 3 Bedroom Apartments

The Wexler

925 S Waterview DrRichardson, TX 75080
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Heather Glen
1 to 3 Bedroom Apartments

Heather Glen

105 S Bowser 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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Eastgate Apartments
2 Bedroom Apartments

Eastgate Apartments

101 N Bowser RdRichardson, TX 75081
  • Utilities Included
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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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Camden Buckingham
1 to 2 Bedroom Apartments

Camden Buckingham

430 E Buckingham RdRichardson, TX 75081
  • Utilities Included

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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Parks at Walnut
Rent Specials
$811 - $1,426
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Total Monthly Price

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$811 - $1,426

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Studio to 2 Bedroom Apartments Available Now

Parks at Walnut

10000 Walnut StDallas, TX 75243
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Riverwalk Apartments
Rent Specials
$1,088 - $2,820
Total Monthly Price

Total Monthly Price

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$1,088 - $2,820

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1 to 2 Bedroom Apartments Available Now

Riverwalk Apartments

12920 Audelia RdDallas, TX 75243
Corporate Housing
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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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Huntington Brook
1 to 2 Bedroom Apartments

Huntington Brook

12516 Audelia RdDallas, TX 75243
property at 9839 Walnut St

$750 - $1,500

1 To 2 Bedroom Rentals

Available Now

9839 Walnut St

DallasTX75243
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Briarwyck Apartments
1 to 2 Bedroom Apartments

Briarwyck Apartments

10110 Walnut StDallas, TX 75243
  • Utilities Included
property at 9805 Walnut St

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

9805 Walnut St

DallasTX75243
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The Charlie
1 to 2 Bedroom Apartments

The Charlie

13015 Audelia RdDallas, TX 75243
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Crossings Apartments
1 to 3 Bedroom Apartments

Crossings Apartments

526 Walnut PkyGarland, TX 75042
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
PepperwoodEfficiencyStudio,1BA$799
Parks at WalnutS1Studio,1BA$811
The CharlieA11BR,1BA$856
Ninety-Nine44 on WalnutA21BR,1BA$960
The View at Lake HighlandsA21BR,1BA$976
High OaksUnit1BR,1BA$995
Hunters CourtA21BR,1BA$1,025
Arboretum EstatesWillow1BR,1BA$1,035
Crossings Apartments1 Bed 1 Bath1BR,1BA$1,057
Encore at BuckinghamThe Windsor1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lockwood HeightsC13BR,2BA$1.38
Cutter's Point Apartment HomesBrook2BR,2BA$1.23
Amber Dawn ApartmentsRadiance I2BR,2BA$1.23
Oakline ApartmentsB12BR,2BA$1.44
The WarrenB32BR,2BA$1.29
101 N Bowser Rd, Unit 1101 N Bowser Rd2BR,1BA$1.50
Prestonwood Apartments HomesA1 Upgrade1BR,1BA$1.47
Riverwalk ApartmentsA11BR,1BA$1.49
The View at Lake HighlandsA21BR,1BA$1.34
Hunters CourtA21BR,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.

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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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Quick 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.

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Pet Friendly Lifestyle
Highland Terrace, Richardson, TX

Ranked #10

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

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.

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