Cheap Apartments for Rent in the Lake West Neighborhood of Dallas, TX from $500 (153 Rentals)

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Cheap Apartments in the Lake West area of Dallas.

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property at 2805 Reagan St

2805 Reagan St

DallasTX75219

Lake West - One of the Best Affordable Neighborhoods in Dallas

Named as one of the Best Affordable Neighborhoods to rent in Dallas, TX by our Dallas, TX Local Expert Tiffany Clark. See how it ranks!

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Dallas's Best Affordable Neighborhoods

Learn about Dallas and the best places to live with original content written by our Dallas, TX Local Expert Tiffany Clark

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Lake West, Dallas, TX Local Guide

Cheapest Available Lake West Apartments for Rent

 

The cheapest available apartment rental in the Lake West area of Dallas, TX is a 1 Bed unit found at Pegasus Villas 62+ Apartments priced from $861. Marthas Vineyard Place has the second lowest priced unit, which is a Studio apartment currently listed from $898. Here are the most affordable Lake West apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Pegasus Villas 62+ ApartmentsOne Bedroom B1BR,1BA$861
Marthas Vineyard Place0/1Studio,1BA$898
Cypress at Trinity GrovesE1 - IIIStudio,1BA$907
Carlisle on the Katy TrailS2Studio,1BA$989
The FrancescaStudioStudio,1BA$999
Inwood On The ParkEFFStudio,1BA$1,009
The Brix ApartmentsBrix-1 Studio, 479 Square FeetStudio,1BA$1,079
Manor House ApartmentsGriffinStudio,1BA$1,090
The MonroeA11BR,1BA$1,100
The Centennial1 Bed 1 Bath-B1BR,1BA$1,100

Best Value Apartments for Rent in Lake West, TX

As of May 06, 2025 the best value apartment in the Lake West area is the $1.80 price per square foot Loft 13 Model at Trinity Loft in the in the Downtown Dallas neighborhood starting from $2,400. The second greatest value Lake West apartment is the C1 3 Bedroom 2 Bath Model at Villas at Katy Trail starting at $1,934 with a $1.52 price per square foot in the Oak Lawn neighborhood. Here is today’s list of the best values for Lake West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trinity LoftLoft 132BR,2BA$1.80
Villas at Katy TrailC1 3 Bedroom 2 Bath3BR,2BA$1.52
509 Elm St1 Beds, 1 Baths1BR,1BA$1.82
Eclipse Oak LawnA-4 U 1/11BR,1BA$1.52
Maverick Oak Lawn TownhomesA11BR,1BA$1.37
Maple at Med Center1 Bedroom (Stand Up Shower Income Guidelines and R1BR,1BA$1.83
Atera ApartmentsAddison1BR,1BA$1.78
Pegasus Villas 62+ ApartmentsOne Bedroom A1BR,1BA$1.85
Inwood On The ParkEFFStudio ,1BA$1.81
Marthas Vineyard Place0/1Studio ,1BA$1.61

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Pet Friendly Lifestyle
Lake West, Dallas, TX

Ranked #8

Among neighborhoods in Dallas, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake West, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Texas and customized analysis for Central Dallas, TX. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lake West Apartments

What is a cheap apartment in Lake West?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake West is under $1,100.

What is the price of a cheap apartment in Lake West?

The cheapest apartment in Lake West is Pegasus Villas 62+ Apartments which is listed at $861, while the average apartment in Lake West costs $6,140.

What types of apartments are the cheapest in Lake West?

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 58 regular apartments in Lake West 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 Lake West?

Cheap apartments in Lake West have an average cost of $101 which is $6,039 cheaper than the average rent for all rentals in Lake West.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.