Most Affordable Neighborhoods in Dallas, TX
Some of the cheapest neighborhoods in Dallas are Lake Highlands, Timberglen, and Far North Dallas. These neighborhoods offer some of the lowest rent prices in Dallas, making them ideal for renters on a budget. As of March 15, 2025, the average rent in Dallas is $1,407, which is 0.9% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Lake Highlands
Average Rent
$1,206/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
43/100
Units Available
1,377 Rentals
Lake Highlands offers budget-friendly housing options surrounded by natural beauty and recreational amenities. White Rock Lake Park, known for its serene trails and boating activities, is just a short drive away. Additionally, the neighborhood's numerous shopping centers, including Lake Highlands Town Center, make daily errands convenient.
Timberglen
Average Rent
$1,247/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
31/100
Units Available
820 Rentals
Timberglen provides cost-effective living with ample green spaces and local amenities. Timberglen Park, featuring sports fields and playgrounds, offers plenty of outdoor activities. Proximity to Bent Tree Plaza ensures convenient access to shopping and dining for the whole neighborhood.
Far North Dallas
Average Rent
$1,483/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
27/100
Units Available
3,792 Rentals
If you’re looking for a great, affordable neighborhood in Dallas, Far North Dallas might be the perfect place! It has an average rent price of $1,483, while the city’s average stands at $1,407. In the last year, prices have decreased by 2.4%. Far North Dallas is near Forest Lane, The Shops at Preston Trail, and Sherman Pocket Track.
Prestonwood
Average Rent
$1,484/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
36/100
Units Available
1,829 Rentals
Prestonwood offers budget-conscious renters a peaceful environment with convenient amenities. Prestonwood Country Club provides a beautiful setting for golf and social events. The neighborhood's proximity to the Addison shopping and dining district enhances its appeal.
Oak Cliff
Average Rent
$1,484/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
41/100
Units Available
1,460 Rentals
Oak Cliff presents an affordable option with a rich cultural scene and lush parks. Explore the beauty of Kiest Park with its gardens, walking trails, and recreational fields. Furthermore, this neighborhood is close to the Bishop Arts District, known for its unique boutiques and dining spots, which adds a touch of charm.
Vickery
Average Rent
$1,520/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
52/100
Units Available
1,303 Rentals
Vickery attracts renters with its affordable housing and nearby attractions. Flag Pole Hill Park offers hiking trails and beautiful views of White Rock Lake. Additionally, the diverse shops and eateries along Greenville Avenue enhance the area’s appeal.
Southeast Dallas
Average Rent
$1,581/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
49/100
Units Available
1,269 Rentals
Southeast Dallas features affordable housing and a range of recreational opportunities. Grover C. Keeton Golf Course offers a relaxing escape for golf enthusiasts, while the nearby Trinity River Audubon Center provides nature trails and educational programs. Finally, the variety of local shops and eateries ensures convenience and enjoyment.
Bishop Arts District
Average Rent
$1,639/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
52/100
Units Available
752 Rentals
Bishop Arts District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bishop Arts District is $1,639 while the city average is $1,407. This is a -0.9% difference from last year. Residents enjoy convenient access to Fiesta Mart Shopping Center, Jefferson Tower, and Twelve Hills Nature Center. The neighborhood is considered walkable with a WalkScore® of 91.
East Dallas
Average Rent
$1,729/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
51/100
Units Available
5,367 Rentals
East Dallas shines for its cost-effective living and variety of recreational spaces. Exall Park perfect for jogging and picnics, is a prominent feature. In addition, Casa Linda Plaza provides a range of shopping and dining options within easy reach.
North Dallas
Average Rent
$1,788/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
39/100
Units Available
1,559 Rentals
When you’re looking for a great Dallas neighborhood on a budget, check out North Dallas. The average rent is $1,788, compared to the city average of $1,407. Rent prices have increased by 0.5%. North Dallas is convenient to Richland Park, Beckert Park, and Southern Methodist University. The community is somewhat walkable with a WalkScore® of 59.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.