Cheap Homes for Rent in Southlake, TX from $1,500 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Southlake.

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.

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.

property at 512 Yellowstone Dr

$2,495

Total Monthly Price

Total Monthly Price

Base Rent
$2,495

Total Monthly Price
$2,495

3 Bedroom, 2 Bath Home for Rent

Available Now

512 Yellowstone Dr

GrapevineTX76051

Southlake, TX Local Guide

Cheapest Available Southlake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Southlake, TX is a 1 Bed unit found at Marina Del Rey in the Silver Lake Manors neighborhood priced from $894. Dove Park Apartments in the Silver Lake Manors neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Southlake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marina Del ReyA31BR,1BA$894
Dove Park ApartmentsA21BR,1BA$975
Bristol GrapevineA11BR,1BA$1,004
29FIFTYA11BR,1BA$1,025
The Encore on MustangA11BR,1BA$1,050

Best Value Apartments for Rent in Southlake, TX and Nearby

As of May 24, 2026 the best value apartment in the Southlake area is the $1.40 price per square foot Two Bedroom Model at Shorewood Park Townhomes in the in the Silver Lake Manors neighborhood starting from $1,795. The second greatest value Southlake apartment is the B2 Model at Timberline Apartments starting at $1,430 with a $1.24 price per square foot in the Silver Lake Manors neighborhood. Here is today’s list of the best values for Southlake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shorewood Park TownhomesTwo Bedroom2BR,2.5BA$1.40
Timberline ApartmentsB22BR,2BA$1.24
29FIFTYC13BR,2BA$1.72
The Vineyards At Trophy ClubB1 - Down Stairs2BR,2BA$1.65
Dove Park ApartmentsB12BR,2BA$1.33
Bristol GrapevineB12BR,1BA$1.75
Marina Del Rey2/12BR,1BA$1.82
The Encore on MustangB12BR,1BA$1.83
MAA Grapevine01A Floor PlanStudio ,1BA$1.72
Dove Creek VillasA1Studio ,1BA$1.58

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Southlake

What type of rentals are currently available in Southlake?

There are currently 47 Apartments for Rent in Southlake, TX with pricing that ranges from $950 to $22,933. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southlake ranging from $1,525 to $25,000.

What is the current price range for Rental Homes in Southlake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southlake ranges from $1,525 to $25,000 with an average monthly rent of $7,961.

How much are larger Three and Four Bedroom Rentals in Southlake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southlake range from $1,635 to $4,226, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $10,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $10,000.

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

Written by: Tiffany Clark

According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

decorative image for The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers article

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.

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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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.