Welcome to Dallas, Texas, where “big things happen"! With its thriving food scene, robust sports culture, and a business hub that's home to several Fortune 500 companies, Dallas is a city that has something for everyone. Enticing as it sounds, it’s no secret big-city living can come with an even bigger price tag. The diverse culture, bustling social life, and ever-present entertainment often come with a cost: your housing price.
While finding an apartment close to all the excitement can be expensive, it is possible to work, play, and rent at a reasonable price. We’ve compiled a list to help you experience Dallas’s best without breaking the bank.
The five cheapest neighborhoods in Dallas, TX, in 2024 are:
Lake Highlands
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Average 1-bedroom rent in Dallas: $1,364/month
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Average 1-bedroom rent in Lake Highlands: $1,081/month
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Median Home Value in Lake Highlands: $550,000
Lake Highlands is a charming neighborhood located in the northeastern part of Dallas. Known for its family-friendly atmosphere, excellent schools, and easy access to downtown, Lake Highlands is an ideal place for families and professionals alike. Commuting from here is made easy by the DART light rail, several bus routes serving the area, and close proximity to I-635 and US-75.
Things to do in Lake Highlands, TX
There’s plenty for residents to see and do in Lake Highlands. Outdoor enthusiasts can explore White Rock Lake Park, which offers hiking and biking trails, picnic spots, and boating opportunities. For shopping and dining, locals love the Lake Highlands Town Center, which features a variety of shops, cafes, restaurants, and a farmers' market!
Timberglen
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Average 1-bedroom rent in Dallas: $1,364/month
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Average 1-bedroom rent in Timberglen: $1,132/month
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Median Home Value in Timberglen: $349,000
Nestled in the northern part of Dallas, Timberglen is a quiet neighborhood with a strong sense of community. It offers a mix of residential areas, parks, and commercial districts. The neighborhood is known for its affordable housing options, making it an attractive choice for renters.
Things to do in Timberglen, TX
Residents of this area enjoy exploring the 26 acres of Timberglen Park, which features a playground, sports fields, and a hiking trail. For shopping and dining, residents can drive ten minutes to Galleria Dallas, which boasts over 200 stores and eateries, a hotel, and an ice-skating center.
Vickery
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Average 1-bedroom rent in Dallas: $1,364/month
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Average 1-bedroom rent in Vickery: $1,052/month
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Median Home Value in Vickery: $175,000
Vickery is a diverse neighborhood located in the northeastern part of Dallas. Known for its art scene and historic architecture, Vickery offers a unique blend of cultural attractions and residential areas. The neighborhood is served by several bus routes, providing convenient access to downtown Dallas.
Things to do in Vickery, TX
Residents enjoy a variety of cultural activities near Vickery. Explore the Bath House Cultural Center, which hosts art exhibits, theater performances, summer camps, and concerts. Take a short drive to the Dallas Arboretum and Botanical Garden, which offers stunning views of White Rock Lake and a variety of plants and flowers, outdoor concerts, food and wine festivals, and special events like cooking demonstrations.
Prestonwood
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Average 1-bedroom rent in Dallas: $1,364/month
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Average 1-bedroom rent in Prestonwood: $1,238/month
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Median Home Value in Prestonwood: $492,000
Prestonwood is located in North Dallas. Known for its upscale homes, lush parks, and excellent schools, Prestonwood is a great location for families and professionals. Several bus routes serve the neighborhood, and it is close to the Dallas North Tollway, providing convenient access to downtown Dallas.
Things to do in Prestonwood, TX
In Prestonwood, residents can enjoy a round of golf at the Prestonwood Country Club, explore the shopping and dining options at the nearby Galleria Dallas, or take a stroll in Bert Fields Park. For more to do, locals take a short fifteen-minute drive to top destinations in the Dallas area.
Oak Cliff
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Average 1-bedroom rent in Dallas: $1,364/month
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Average 1-bedroom rent in Oak Cliff: $1,221/month
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Median Home Value in Oak Cliff: $280,000
Situated southwest of downtown, Oak Cliff is a diverse neighborhood with a rich history and historic architecture. Oak Cliff offers a unique blend of cultural attractions and residential areas. The neighborhood is served by DART bus and light rail services, providing convenient access to downtown Dallas.
Things to do in Oak Cliff, TX
Visit the Bishop Arts District, home to over 60 independent boutiques, restaurants, bars, coffee shops, and art galleries. Enjoy a show at the historic Texas Theatre, walk through Kiest Park, or enjoy biking trails at Oak Cliff Nature Preserve.
Make the Most of Your Move with Apartments.com
Whether you're planning a short-term stay or looking to settle down, Apartments.com has the tools to help you find an affordable apartment easily. Navigate housing across neighborhoods with our customized search engine. Once you find the perfect location, narrow the search to a price range that works for you.
No matter your budget, the options are endless with Apartments.com. Ready to get started? Pay less, live more, and rent on.
*Apartment rent data provided by CoStar Group’s March 2024 reports
