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

Far North Dallas is an affordable neighborhood in Dallas with an average rent price of $1,483. Compare this to the city average of $1,407. In the past year, rent prices have decreased by 2.4%. Far North Dallas provides easy access to Heights Park, Forest Lane, and Terrace Park. It’s a somewhat walkable neighborhood with a WalkScore® of 61.

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

If you’re looking for a great, affordable neighborhood in Dallas, Bishop Arts District might be the perfect place! It has an average rent price of $1,639, while the city’s average stands at $1,407. In the last year, prices have decreased by 0.9%. Bishop Arts District is near Bishop Arts Station, Jefferson Bishop, and El Centro College, West Campus.

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

North Dallas is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Dallas is $1,788 while the city average is $1,407. This is a 0.5% difference from last year. Residents enjoy convenient access to Brookhaven College, Lbj/Central, and Forest Lane. The neighborhood is considered 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.