Cheap Homes for Rent in Deep Ellum Neighborhood of Dallas, TX from $500 (87 Rentals)

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Search the lowest-cost Homes available for rent right now in the Deep Ellum area of Dallas.

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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property at 4931 Junius St

$1,200

2 Bedroom, 2 Bath Condo for Rent

Available Now

4931 Junius St

DallasTX75214

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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property at 4916 Worth St

$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

4916 Worth St

DallasTX75214
property at 2502 Live Oak St

$1,350 - $2,795

Studio To 2 Bedroom Rentals

Available Now

2502 Live Oak St

DallasTX75204

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

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property at 3015 Bryan St

$1,388 - $2,094

1 To 2 Bedroom Rentals

Available Now

3015 Bryan St

DallasTX75204
property at 1505 Elm St

$1,398 - $4,000

1 To 3 Bedroom Rentals

Available Now

1505 Elm St

DallasTX75201
property at 4316 Bryan St

$1,400 - $2,125

1 To 2 Bedroom Rentals

Available Now

4316 Bryan St

DallasTX75204
property at 4911 Worth St

$1,450

2 Bedroom, 1 Bath Condo for Rent

Available Now

4911 Worth St

DallasTX75214

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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property at 509 Elm St

$1,451 - $2,275

1 To 2 Bedroom Rentals

Available Now

509 Elm St

DallasTX75202
property at 3030 Bryan St

$1,480 - $2,064

1 To 2 Bedroom Rentals

Available Now

3030 Bryan St

DallasTX75204
property at 1010 Allen St

$1,295 - $2,064

1 To 2 Bedroom Rentals

Available Now

1010 Allen St

DallasTX75204

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.

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Deep Ellum, Dallas, TX Local Guide

Cheapest Available Deep Ellum Apartments for Rent

 

The cheapest available apartment rental in the Deep Ellum area of Dallas, TX is a Studio unit found at Prairie House priced from $675. 4625 Junius St has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Deep Ellum apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Prairie HouseEvaStudio,1BA$675
4625 Junius StS1Studio,1BA$725
Eban Village2X1B602BR,1BA$743
Magnolia Place1bed 1bath1BR,1BA$795
Monarch Court1BR/1.0BA1BR,1BA$800
4625 VirginiaB11BR,1BA$845
The Eastern ApartmentsA61BR,1BA$850
Carlisle on the Katy TrailA21BR,1BA$883
The Courtyards at Lower GreenvilleS2Studio,1BA$895
Swissaire ApartmentsSStudio,1BA$895

Best Value Apartments for Rent in Deep Ellum, TX

As of December 29, 2025 the best value apartment in the Deep Ellum area is the $1.23 price per square foot a11 Model at South Side on Lamar in the in the Downtown Dallas neighborhood starting from $1,867. The second greatest value Deep Ellum apartment is the 2x1 Model at Greystone starting at $1,300 with a $1.00 price per square foot in the East Dallas neighborhood. Here is today’s list of the best values for Deep Ellum apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Side on Lamara111BR,1BA$1.23
Greystone2x12BR,1BA$1.00
Crest Manor2 Bedroom, 1 Bathroom2BR,1BA$1.41
Raleigh1x11BR,1BA$1.12
Monarch Court2BR/1.0BA2BR,1BA$1.41
4702 San Jacinto St, Unit 14702 San Jacinto St1BR,1BA$1.27
Magnolia Place1bed 1bath1BR,1BA$1.17
Munger Place1x11BR,1BA$1.38
4625 Junius StS1Studio ,1BA$1.38
Prairie HouseEvaStudio ,1BA$1.35

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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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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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
Deep Ellum, Dallas, TX

Ranked #4

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Deep Ellum, Dallas, TX

School data provided by Great Schools

Frequently Asked Questions about Deep Ellum

What type of rentals are currently available in Deep Ellum?

There are currently 999 Apartments for Rent in Deep Ellum, TX with pricing that ranges from $725 to $21,150. There are also 389 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deep Ellum ranging from $580 to $19,500.

What is the current price range for Rental Homes in Deep Ellum?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Deep Ellum ranges from $580 to $19,500 with an average monthly rent of $4,113.

How much are larger Three and Four Bedroom Rentals in Deep Ellum?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Deep Ellum range from $1,000 to $20,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,170 to $19,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,900.

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

decorative image for The 10 Best Affordable Neighborhoods in Dallas, TX article

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.

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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.

decorative image for An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years article

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!