OFFER:
SPRING SPECIAL! Up to 6 weeks rent free.
12 Hours Ago
Highlights
Rent Special
Pet Friendly
Location
5501 Lakeview Pkwy, Rowlett, TX 75088, USA
Tour Waters Edge Villas
Contact
Managed by
Management
Stonemark Management*
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Property Overview
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- High school nearby
- Images Available
Great for
Pet owners
Work-from-home
Floor plans
| A-1 | 1 bed | 1 bath | 725 sqft | $1,295 /mo | 2 units available | Lakeside | |
| A-2 | 1 bed | 1 bath | 790 sqft | $1,445–$1,495 /mo | 3 units available | Lakeside | |
| B-1 | 2 bed | 2 bath | 879 sqft | $1,645–$1,695 /mo | 3 units available | Lakeside | |
| B-2 | 2 bed | 2 bath | 991 sqft | $1,745–$1,795 /mo | 3 units available | Lakeside |
Amenities for Waters Edge Villas
Apartment Amenities
| Balcony | Ceiling Fan |
| Computer Desk | Fireplace |
| Framed Mirrors | Large Patio or Balcony |
| Washer/Dryer Hookups |
Appliances
| In-Unit Laundry | Stainless Steel Appliances |
Tech
| High-Speed Internet | Smart Home Package |
Building
| Business Center | Cats OK |
| Controlled Access | Dogs OK |
| Fitness Center | Residents Lounge |
Grounds
| Garage Parking | Gate |
| Outdoor Kitchen | Outdoor Space |
| Playground | Swimming Pool |
Services
| 24 Hour Emergency Maintenance | Package Service |
| Social Activities | Washer/Dryer Rental Available |
Other
| Flexible Lease Terms | Sparkling Pool |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
$150–$250
OPTIONAL FEES
Parking Policy
Garage Parking
Dog Policy
Allowed
Limit2
Breed restrictionsYes
Waters Edge Villas welcomes up to 2 pets per apartment. A $500 fee applies for the first pet, and $250 for the second. Monthly pet rent is $25 for one pet, $50 for two. Cats and dogs are welcome, but aggressive breeds are prohibited. Contact our leasing office for full details. With open green spaces and nearby trails, our pet-friendly community is perfect for you and your furry companions.
Cat Policy
Allowed
Limit2
Cat
Monthly Pet Fee
Monthly. 2 cats max.
$50
Pet Fee
One-time fee per pet.
$500
Dog
Monthly Pet Fee
Monthly. 2 dogs max.
$50
Pet Fee
One-time fee per pet.
$500
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 2000 |
|---|---|
| Units | 96 |
| Lease terms | 3–16 months |
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About Waters Edge Villas
Experience the beauty of lakeside living at Waters Edge Villas Apartments, where serene surroundings and modern style come together to create the perfect place to call home. Nestled near the shores of Lake Ray Hubbard, our one- and two-bedroom apartment homes feature open-concept floor plans, fully equipped kitchens, spacious walk-in closets, and private patios or balconies—perfect for taking in the peaceful views. Relax by our sparkling resort-style pool, enjoy a workout in our modern fitness center, or unwind with friends at our outdoor lounge areas. Located in the heart of Rowlett, TX, Waters Edge Villas offers convenient access to George Bush Turnpike, I-30, and the best local shopping, dining, and entertainment. Here, every day feels like a getaway. Waters Edge Villas – Lakeside Living with a Touch of Luxury.
Year Built: 2000
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Waters Edge Villas is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waters Edge Villas has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Waters Edge Villas offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Waters Edge Villas stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks —pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Waters Edge Villas is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Waters Edge Villas does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Waters Edge Villas is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Waters Edge Villas compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Rowlett
1-bedroom apartments here are priced 4% higher than 1-bedrooms in Rowlett.
If you decide to upgrade your space, you can expect 2-bedrooms at Waters Edge Villas to be 15% less than the average for similarly sized apartments in Rowlett.
Median rents as of May 30 2026.
Rowlett
| Month | Median Rent |
|---|---|
| June 2024 | $1,536 |
| July 2024 | $1,536 |
| August 2024 | $1,535 |
| September 2024 | $1,545 |
| October 2024 | $1,545 |
| November 2024 | $1,547 |
| December 2024 | $1,555 |
| January 2025 | $1,555 |
| February 2025 | $1,545 |
| March 2025 | $1,555 |
| April 2025 | $1,570 |
| May 2025 | $1,570 |
| June 2025 | $1,570 |
| July 2025 | $1,570 |
| August 2025 | $1,646 |
| September 2025 | $1,662 |
| October 2025 | $1,662 |
| November 2025 | $1,557 |
| December 2025 | $1,277 |
| January 2026 | $1,329 |
| February 2026 | $1,319 |
| March 2026 | $1,301 |
| April 2026 | $1,331 |
| May 2026 | $1,374 |
Affordability calculator
Can I afford to live at 5501 Lakeview Pkwy?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$49,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,960 annually to afford this 1-bedroom median monthly rent price of $1,249.
For more information on rent affordability, visit our rent calculator.
Schools near Waters Edge Villas
Steadham Elementary School
6200 danridge rd
rowlett, TX, 75089
PK, K-5Public
B-
Nita Pearson Elementary School
5201 nita pearson dr
rowlett, TX, 75088
PK, K-5Public
B+
Katherine Stephens Elementary School
3700 cheyenne dr
rowlett, TX, 75088
PK, K-5Public
B-
Herfurth Elementary School
7500 miller rd
rowlett, TX, 75088
PK, K-5Public
A
Back Elementary School
7300 bluebonnet dr
rowlett, TX, 75088
PK, K-5Public
A-
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Internet available near Waters Edge Villas
Getting around Rowlett near 5501 Lakeview Pkwy
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5501 Lakeview Pkwy, Rowlett
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
4/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Explore the area around 5501 Lakeview Pkwy
ALDI
3500 Lakeview Pkwy
Sprouts Farmers Market
3001 Lakeview Pkwy
Walmart Supercenter
2501 Lakeview Pkwy
Walmart Neighborhood Market
8800 Lakeview Pkwy
Tom Thumb
8805 Lakeview Pkwy
Target
4701 Lakeview Pkwy
Rack Room Shoes
5703 Liberty Grove Rd
Ross Dress For Less
5705 Liberty Grove Rd
Spirit Outfitters
3902 Melcer Dr
E C4 M Inc
3813 Main St
Starbucks
4701 Lakeview Pkwy
Bloomhouse Flowers & Coffee
4113 Main St
Proverb Coffee LLC
3837 Main St
Scooter's Coffee
3600 Lakeview Pkwy
151 Coffee
3525 Lakeview Pkwy
Bowlarama of Texas LLC
5021 Lakeview Pkwy
Rowlett Bowlarama
5021 Lakeview Pkwy
Splits Sports Grill & Bar
5021 Lakeview Pkwy
Applebee's Grill + Bar
4616 Lakeview Pkwy
Nick's Sports Grill
3536 Lakeview Pkwy
Lakeview Bakery
5326 Lakeview Pkwy
Icing on the Cake By Anna
5518 Teal Cir
Nothing Bundt Cakes
3701 Lakeview Pkwy
Minced Meal Prep LLC
5000 Rowlett Rd
Absolutely Edible Cakes
5213 Rowlett Rd
Pecan Grove Park
Kid's Kingdom
Park
Herfurth Park
Scentral Large Dog Park
Bahama Buck's
5300 Lakeview Pkwy
SONIC Drive-in
5201 Lakeview Pkwy
Rowlett Bowlarama
5021 Lakeview Pkwy
Splits Grill
5021 Lakeview Pkwy
Splits Sports Grill & Bar
5021 Lakeview Pkwy
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