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Blog Jun 1, 2020

Average Rent in Dallas, TX

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Are you looking to rent an apartment in Dallas, TX? With a population of 1.3 million and growing, due to the healthy housing market with a variety of rental home prices and a booming job market as well, Dallas is an extremely attractive city to move to for all stages of life. If a tight wallet and an affordable cost of living is the driving force behind which Dallas area you decide to make your home, you are in luck, as Dallas has plenty of neighborhoods in the heart of the city and in the sprawling suburbs that make up the Dallas-Fort Worth metro area that can suit a variety of different price points. Generally speaking, the average rent in Dallas for a one bedroom apartment is $1,015 per month. Read below to learn about the average rent in Dallas, TX for a one bedroom apartment in several neighborhoods such as University Park, Plano, Frisco, Highland Park and Colleyville.

Average Rent for a One-Bedroom Apartment in 5 Dallas, TX Neighborhoods

Whether you are looking to rent a Dallas apartment near the heart of the city or in the sprawling suburbs that make up the Dallas-Fort Worth metro area, there is a diversified housing market that can meet a variety of rental needs in the Dallas, TX area. If you are prepared to spend more for convenient access to dining and entertainment or don’t mind living 20 minutes out of downtown Dallas to find apartments with lower prices, then there are plenty of Dallas rental options for you. Here is the average rent for a one bedroom apartment in 5 popular Dallas, TX neighborhoods.

1. Average Rent in University Park

University Park, one of the prestigious Park Cities, is recognized as one of the best places to live in Dallas. The affluent city of University Park is closely bordered by Highland Park and has a very expensive cost of living, with a one-bedroom apartment typically going for an average of around $1,400 per month. This Dallas suburb is the home to Southern Methodist University, resulting in the average resident age at a young 26. With the best public schools in the Dallas area, a low crime rate and an unbeatable location, the quality of life in University Park is certainly one of the best around and is highly sought after. When walking the clean, tree laden streets of University Park, make sure to visit The Meadows Museum on this Dallas campus, which houses the largest collection of Spanish art in the country, and stop into one of the many cozy cafes and unique boutiques surrounding Snider Plaza.

2. Average Rent in Plano

The suburb of Plano is a Dallas destination and bustling city in its own right, boasting an abundance of restaurants, shopping, natural beauty and a booming art scene. Located just 16 miles northeast of Dallas with corporate offices from Toyota, JCPenney, and Frito Lay, the city of Plano consistently has new apartment complexes popping up to support the influx of people that are flocking there to take advantage of its growing job opportunities. While Plano was once known for its expensive real estate prices and well-established families, there are now a variety of places to live at different price points available to working millennials hoping to start a family and send their kids to incredible public schools. Even though it isn’t too far of a commute to downtown Dallas, Plano residents can count on a more affordable cost of living with one-bedroom apartments typically available for just over $900 per month on average. The DART light rail can get you to downtown Dallas in 45 minutes, but if you are looking for a weekend filled with local Plano  festivities, check out the annual Plano Balloon Festival at the Arbor Hills Nature Preserve as well as Legacy Hall, a huge food hall where locals gather for great food, craft beer and live music.

3. Average Rent in Frisco

Situated only 25 minutes north of downtown Dallas with easy access to major highways, Frisco is attracting an increasing number of first-time homebuyers and a growing amount of apartments to choose from as large corporations settle into the city and provide jobs for growing families. This family-friendly city provides affordable and varied real estate prices as well as safe, fun activities for the whole family, with one-bedroom apartments costing an average of just over $1,000 per month. For a day filled with Frisco entertainment, take in the views at Lewisville Lake during the day and catch a national music act at the Toyota Stadium at night!

4. Average Rent in Highland Park

Highland Park and University Park are situated side by side and are referred to as the Park Cities, both consisting of beautiful old homes on tree-lined streets that sit along a winding creek. Highland Park is one of the most sought-after affluent Dallas suburbs due to the charm of its residential architecture that dates as far back as the 1920s and its close proximity to downtown Dallas. It is hands down one of the best places to live in Dallas if you can afford it, with an average one bedroom apartment renting for over $1,200 per month. Local Dallas residents love to gather at Highland Park Village with its large variety of restaurants, bistros, tearooms, and pizzerias.

5. Average Rent in Colleyville

Conveniently located less than 30 minute from the cities of Fort Worth and Downtown Dallas, Colleyville is one of the best Dallas neighborhoods for growing families and first-time home buyers looking for an accessible housing market, great schools in the peaceful suburbs, and access to the amenities and conveniences of the nearby big cities. As one of the most affordable neighborhoods on this list, prospective residents can avoid expensive Dallas rent by getting an apartment in the Colleyville housing market, where one-bedroom apartments average at $750 per month. Enjoy a day outside at Echo Hills Park, Colleyville City Park, or Sparger Park or go shopping at The Village at Colleyville. With just a short drive, Colleyville residents can go swimming, boating or fishing at Grapevine Lake, or watch the Texas Rangers and Dallas Cowboys bring a home win for the Lone Star State!

Rent an Apartment in Dallas, Texas Today!

The average apartment rent in Dallas, TX varies from neighborhood to neighborhood, making it one of the most accessible cities in Texas for prospective residents who are looking for affordable housing. Whether you are looking to rent an apartment in the Park Cities close to downtown Dallas or don’t want to pay high Dallas rent and would rather find an apartment rental in surrounding suburbs such as Plano or Colleyville, there is an apartment in the Dallas, TX area that can suit your needs. Rent a Dallas apartment and make a home for yourself in Texas today!

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