The average monthly rent of apartments in McKinney, TX is $1,658.
Compared to the national average rent of $1,748, the average rent in McKinney, TX is $1,658.
Prices and availability in McKinney, TX were last updated on 24 Jan 2025.
The best apartments in McKinney, TX are: Kinwood Apartments, Cendana Craig Ranch, Mason Apartment Homes, Arista McKinney and The Atlantic McKinney Ranch.
The average rent in McKinney, TX is $1,658.
The price range for a studio apartment in McKinney, TX is between $1,086 and $6,151.
The price range for a 1-bedroom apartment in McKinney, TX is between $997 and $3,761.
The price range for a 2-bedroom apartment in McKinney, TX is between $1,288 and $5,053.
The price range for a 3-bedroom apartment in McKinney, TX is between $1,103 and $6,151.
In McKinney, 35% of the residents are renting compared to 65% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 21% of McKinney’s rentals, 43% are small-scale complexes with under 50 units, and 35% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in McKinney are about 13 years old, on average. Of these, 86% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 98% of the rental communities here are low-rise, garden-style communities, 3% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in McKinney are around 2% of rentals, while 1-bedroom floor plans represent 49% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
McKinney is a charming, historic suburb that's part of the Dallas-Fort Worth metro area. Specifically, it's located approximately 32 miles north of downtown Dallas and provides local renters with a mix of small-town living and urban convenience. Historically, this town was a local center for agriculture and commerce. Today, it's known for its historic downtown district and lush, leafy neighborhoods. In particular, many families love to rent in this area because of its reputable schools and safe environment. But, while McKinney may be quiet, it's not boring. In fact, there are plenty of fun things for renters to do in the area. To that end, downtown McKinney offers delicious, high-end restaurant options; local shops; and a performing arts center. Renters will also find plenty of outdoor activities to enjoy in McKinney, such as Towne Lake Park, which offers sports facilities, trails, playgrounds and more. Renters will also find several golf courses and country clubs in the area.
McKinney's allure is also found in its community spirit and cultural events. The local art scene is vibrant, with galleries and studios celebrating the work of regional artists. Seasonal events, like the McKinney Oktoberfest and the Arts in Bloom festival, bring the community together for celebrations that blend tradition with modern flair.
McKinney has consistently been one of the fastest-growing cities in the United States for the last two decades. As a result, there's been a high volume of new development in the area with many new apartments and rental properties. Even so, rental prices in McKinney are more affordable than the national average, although they have increased significantly in recent years as the area has developed. Here, the downtown area is somewhat walkable, but the rest of McKinney is more spread out with a traditional, suburban feel. Most rental properties here are single-family homes, but there are also some low-rise apartment communities, as well. Rentals in McKinney tend to offer plenty of outdoor space to enjoy, and renters will find many different architectural styles in McKinney. There are even some historic properties with Victorian details, as well as classic, ranch-style homes and modern apartments.
Downtown McKinney is a popular shopping destination for renters in Dallas' northern suburbs with a great selection of eclectic boutiques and locally owned shops. Other shopping options in the area include Walmart, Belk and Sam's Club. Meanwhile, the nearest malls are Allen Premium Outlets and the Stonebriar Centre in Frisco. McKinney renters also have a variety of shopping options to choose from, including Tom Thumb, Albertson's, Kroger and Trader Joe's. There are also many international grocery options nearby: El Rancho Supermercado sells Mexican goods, and there are also Indian grocers, like Patel Brothers in nearby Frisco.
Driving is the most efficient way for local renters to get around McKinney. Namely, U.S. highways 75 and 380 and the Sam Rayburn Tollway all run through this area, making it easy for local renters to commute to Dallas and Fort Worth. Accordingly, most apartments in McKinney have plenty of free parking options. It's also important to note that there is no local bus service in McKinney and, while there are some bike trails, many major roads don't have bike lanes. This means that having a car is essential. Alternatively, the nearest DART light rail station is in Plano, which is a 15-minute drive away and provides renters with another option for commuting all the way into Dallas. Finally, McKinney has its own local airport for general aviation, while DFW International Airport is just a 30-minute drive away.
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