8 Most Affordable Neighborhoods in Dallas and Fort Worth: Budget-Friendly Homes

Cheap Places to Live in Dallas and Fort Worth

Want to balance big-city appeal with budget-conscious living? Don’t worry—there are plenty of affordable neighborhoods in Dallas and Fort Worth to explore. These cheap neighborhoods still have the features desired by many homebuyers, including local parks, easy commutes, and beautiful homes. 

Affordable Neighborhoods in Dallas

Cheap Neighborhoods in Dallas TX

While the median listing price of homes in Dallas is generally in the high $400s, there are plenty of places where buyers can find affordable homes for sale.

Lake Highlands

Lake Highlands is a sprawling residential district along the LBJ Freeway in Northeast Dallas. Several smaller subdivisions are located among its tree-lined streets, including Forest Meadow, Town Creek, and Moss Farm. The Lake Highlands neighborhood is considered one of the most affordable places to live in Dallas, and homebuyers here generally find a wide variety of property types and price ranges to choose from.

Listings in Lake Highlands include a large number of one and two-bed condo units, generally priced from the $100s. The neighborhood also features plenty of well-maintained single-family homes, with many nicely restored properties circa the 1950s and 60s. Prices for traditional detached homes in Lake Highlands typically start from the $300s.

The neighborhood's convenient location, minutes from the North Central Expressway, provides residents easy access to destinations throughout the DFW metro. It's about 10 miles to the City Center District in downtown Dallas and just over 20 miles to DFW International. DART light rail service in Lake Highlands also connects residents with several regional destinations. 

Homeowners can enjoy plenty of retail therapy in Lake Highlands, with over a dozen shopping malls nearby. Many dining and entertainment hotspots are also found throughout the area, including favorites like Vector Brewing, a popular microbrewery serving a variety of craft beers and stone-baked pizzas. Other local menus feature plenty of international flavors, like Thai, Mexican, and Vietnamese, as well as classic American comfort food. 

White Rock Lake to the south provides abundant outdoor recreation options, with several waterfront parks and a popular dog-friendly playground on the north side of the lake. The 1,000-acre reservoir is a favorite spot for paddle sports and is home to various rowing and sailing clubs.

Lake Highlands Amenities

  • Play Street Children’s Museum
  • Alamo Drafthouse Cinema
  • Royal Oaks Country Club
  • White Rock Creek Greenbelt
  • Harry S. Moss Park
  • Watercrest Park
  • Richardson ISD Schools

Oak Lawn

Oak Lawn is a cheap, lively, pedestrian-friendly neighborhood near Dallas' popular Uptown district, making it a great alternative to one of Dallas’ most expensive neighborhoods. The area features more than 20,000 households, including some of Oak Lawn's original properties dating back over 100 years. Though condos and townhomes now comprise much of the residential real estate here, homebuyers will still find plenty of detached single-family homes for sale in Oak Lawn with a median list price in the $300s.

Numerous public parks are scattered throughout Oak Lawn, including the beautifully landscaped Turtle Creek Park, known for its tree-lined walking trails and picturesque picnic spots along the water. Close by is the famous Mansion on Turtle Creek, an upscale hotel and restaurant long considered one of the city's finest dining experiences.

Oak Lawn is home to an abundance of other restaurants, nightclubs, and entertainment venues, with plenty of options located along the neighborhood's Cedar Springs Road. Cedar Springs features many popular nightlife and entertainment destinations, including favorites like the Round-Up Saloon and J.R.'s Bar and Grill. Oak Lawn locals know not to miss nearby Hunky's Old Fashioned Hamburgers, serving some of the city's tastiest burgers, dogs, rings, and shakes.

Oak Lawn Amenities

  • Reverchon Park and Recreation Center
  • Legacy of Love Monument
  • Katy Trail Hike and Bike Path
  • Cole Park Tennis Courts
  • Turtle Creek Park
  • William B. Dean Park
  • Allan Shivers Park

Casa View

Affordable Neighborhoods in Dallas TX

East of White Rock Lake is the Dallas neighborhood of Casa View. The area boasts more than 13,000 households, lots of mature trees, and spacious homesites with good-sized backyards. Casa View features many midcentury modern homes, including properties built in the 1950s and 60s. The neighborhood is considered among the most affordable places to live in the Dallas area. Homes in Casa View generally range in price from the $200s to the $500s, and buyers can also find several renovation-ready properties priced from the $100s. 

Casa View residents enjoy convenient access to major roadways in the region. The LBJ Freeway, North Buckner Boulevard, and Interstate 30 to the south provide easy commutes to job centers and other destinations throughout this corner of the DFW metro.

Locally, there's also plenty to do. Residents can choose from area restaurants ranging from fast food favorites to a variety of international flavors. They also enjoy abundant outdoor recreation opportunities on nearby White Rock Lake. The lake and surrounding parks offer paddle sports, hiking trails, and picnic spots. Several popular sailing and rowing clubs are also just minutes away from the homes in Casa View.

Casa View Amenities 

  • White Rock Lake Dog Park
  • Harry Stone Park and Recreation Center
  • Casa View Park
  • Dallas Athletic Club
  • Cotillion Park
  • Dallas Independent School District

Love Field 

The Love Field neighborhood is located adjacent to the Dallas airport of the same name. Prospective home buyers here have a variety of property types to consider, including condos, townhomes, and single-family properties. Some Love Field homes date as far back as the 1940s, with plenty of recent construction to choose from as well. Homes for sale near Love Field are typically priced from the $300s to the $600s.

Folks in this part of the DFW metro enjoy easy access to outdoor recreation and fun-in-the-sun opportunities at nearby Bachman Lake Park. The park features approximately three miles of paved hiking and biking trails surrounding the lake, with playgrounds, picnic spots, and plenty of fun places to walk the dogs.

After working up an appetite, Love Field locals grab a bite at one of the dozens of area restaurants. Fun menus worth exploring here include Avila's Mexican Restaurant, long-known for serving some of the best Tex-Mex in Dallas, Maple Landing, famous for their brisket, bourbon, burgers, and beer, and Social Pie, a unique dining concept serving craft pizza and beer with a focus on helping local charities.

Love Field Amenities 

  • Bachman Lake
  • Bachman Indoor Swimming Pool
  • Grauwyler Park
  • Grauwyler Public Pool
  • Brook Hollow Golf Club
  • Dallas ISD Public Schools

Affordable Neighborhoods in Fort Worth

Affordable Neighborhoods in Fort Worth TX

In addition to a lower cost of living in general than its larger neighbor, the city of Fort Worth has a number of attractively affordable neighborhoods.

Wedgwood 

Southwest of downtown Fort Worth is the popular DFW neighborhood of Wedgwood, located along Granbury Road and Altamesa Boulevard. Wedgwood offers a collection of mid-century modern and traditional ranch-style designs, including homes dating from the 1960s. Some of the most affordable housing options in Fort Worth can be found here, with home listings in Wedgwood starting from the high $200s.

Area residents enjoy the many parks, playgrounds, and sports fields scattered throughout Wedgwood. They also find plenty of outdoor recreation close to home on nearby Benbrook Lake. Fishing, camping, and swimming are among the favorite lakeside activities, and Wedgwood residents can be on the water in minutes with easy access to the many convenient marinas and boat ramps located around the lake.

Golfers can play at several courses and country clubs close by, including Pecan Valley, Whitestone Golf Club, and Mira Vista Country Club. There's plenty of local shopping at places like Hulen Square Mall and dozens of favorite restaurants to choose from. Wedgwood's convenience to major roadways also makes it easy for locals to access the many exciting attractions and amenities throughout the greater Fort Worth area.

Wedgwood Amenities 

  • Rosenthal Park
  • Patricia LeBlanc Park
  • Candleridge Park
  • Benbrook Lake
  • Fort Worth Independent School District

Arlington Heights 

Along the West Freeway, a few miles from downtown Fort Worth is the neighborhood of Arlington Heights. Dating back to the early 1900s, Arlington Heights is among the first residential developments in the area. It boasts a variety of real estate, including Fort Worth townhouses and single-family homes. Some properties here are from the 1930s and 40s, with more recent construction in the neighborhood. Homes for sale in Arlington Heights are generally priced from the $300s, though there’s quite a variety; some of the area’s larger, more upscale properties list for over a million. 

Homeowners are just blocks from many of Fort Worth's most iconic attractions. The Fort Worth Botanic Garden, National Cowgirl Museum and Hall of Fame, and the Will Rogers Memorial Center, home of the Fort Worth Stock Show and Rodeo, are adjacent to Arlington Heights. Fort Worth's famous Amon Carter Museum of American Art and the Kimbell Art Museum are also just a few minutes up Camp Bowie Boulevard. 

Outdoor enthusiasts in the area enjoy spending time at the nearby heavily wooded Lake Como Park, where hiking and biking trails, sports courts, playgrounds, and a private fishing pier await. 

Arlington Heights Amenities 

  • Dickies Arena
  • Sanguinet Park
  • Minority Park
  • Thomas Place Community Center
  • River Crest Country Club
  • Fort Worth ISD Schools

Western Hills/Ridglea Area

Cheap Neighborhoods in Fort Worth TX

On the west side of Fort Worth, homebuyers will find the sprawling neighborhoods of Western Hills and Ridglea Hills located inside the I-820 Loop, between Ronald Reagan and the West Freeway. A variety of home types are available in the region, ranging from numerous properties built initially in the 1960s and 70s to the waterfront luxury homes surrounding Luther Lake in Ridglea Hills. Listings in the Western Hills and Ridglea area are usually from the $200s to the $600s, with some larger and more modern luxury homes priced to a million.

There's still plenty of small-town charm out here, yet the area is close enough to town to quickly answer the call of nearby big-city conveniences. Local flavors at restaurants around Western Hills and Ridglea feature everything from Thai to Tacos, and residents also enjoy easy access to an abundance of shops and services throughout the region. Various neighborhood parks, playgrounds, and public and private golf courses provide ample outdoor activities, and The Fort Worth Zoo and many other attractions in the city's Cultural District are just a few miles away. 

Neighborhood Amenities

  • Western Hills Park
  • Ridglea Country Club
  • North Z Boaz Park
  • Z Bonz Dog Park
  • R.D. Evans Community Center
  • Fort Worth ISD Public Schools

Far West

Far West comprises a large region outside the I-820 Loop, west of Fort Worth. It includes several smaller neighborhoods, ranging from subdivisions like Silver Ridge and Tejas Trails minutes from Lake Worth to Lost Creek Estates, Montserrat, and Markum Ranch, south of I-30.    

The area contains a mix of residential real estate. Many smaller, older homes and townhouse properties here are listed from the $100s. More recent construction is usually priced starting from the mid-$200s, up to several million for some of the area's most luxurious estate properties. Prospective buyers searching the Far West region of Fort Worth have little trouble finding cheap neighborhoods and houses to fit every lifestyle and budget. 

Plenty of attractions and activities are found out this way. Outdoor recreation in the area includes several country clubs, public golf courses, and driving ranges. Folks also enjoy access to community parks and playgrounds, with swimming pools, sports courts, and other amenities scattered among the various neighborhoods. Nearby at the Lake Worth reservoir on the West Fork Trinity River, locals enjoy boating and fishing, exploring the Fort Worth Nature Center and Refuge, and keeping an eye out for the legendary Lake Worth Monster.

Far West Amenities

  • Texas Civil War Museum
  • Falcon Ridge Park
  • Marion Sansom Park
  • Chuck Silcox Park
  • Leonard Golf Links
  • Central Park
  • White Settlement ISD (north)
  • Fort Worth ISD (south)

Discover Affordable Places to Live in Dallas and Fort Worth

In Dallas and Fort Worth, one thing is certain: affordable living doesn't mean losing the city's vibrant spirit. These affordable neighborhoods in DFW offer a blend of low price tags and urban excitement. Consider these neighborhoods for your next chapter and find a new dream home that fits comfortably within your budget.

Ready to find your dream Dallas-Fort Worth home? Reach out to The RealFX Group at (512) 956-7390 to contact an experienced local real estate agent and discover your new Dallas-Fort Worth home today.

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