The Village offers a hip place for young adults and SMU students to reside. Read a good book and drink a cup of coffee at the quaint café's, or spend an afternoon shopping in Dallas at the great stores The Village offers just outside the doorstep of several apartments. Another great thing about The Village area is the range of apartments and prices you will find. You can live affordably in Dallas in The Village and not take away from the amazing ambiance of this area. This area offers over nearly 25 apartment communities, with rents averaging $920.17 and average square footage of 774.