Renters’ Guide to Richardson
Welcome to Richardson! This Texas city is perhaps best known as the home of the University of Texas at Dallas, one of the best colleges in the country. But Richardson offers a lot more than that.
In fact, Livability.com named it one of the best 100 cities to live in 2015, and Niche.com considers it the 9th best suburb of the Dallas-Fort Worth metro for 2017.
At just half the size of nearby Garland, it’s certainly not the largest city. In fact, Dallas is nearly 30 times bigger than Richardson! But Dallas is just 13 miles from Richardson and Fort Worth is 41 miles, meaning big city amenities are just a short trip away.
Richardson has four distinct seasons, with August being the hottest month, when average lows are 77⁰F and average highs are 96⁰F. The coldest month, January, fluctuates from around 37⁰F to 57⁰F.
Unfortunately, the area around Dallas is part of “Tornado Alley” and has one of the highest severe weather risks in the country. But with 230 sunny days and just 57 days of precipitation per year, the weather is usually quite pleasant, if a little warm.
Richardson, TX Demographics
- Total Population106,123
Female 52,980Male 53,143
- Median Age37.2
Cost of Living in Richardson, TX
When you’re out on the town in Richardson and stop for some dinner, you can expect to pay around $42.50 for two people at a mid-range restaurant. And that after-dinner cappuccino will set you back just $3.50.
The utility bill—including water, electricity, heating, and waste disposal—for an average 915-square-foot apartment will be around $160 per month in Richardson.
The city is served by the Dallas Area Rapid Transit system, or DART, the largest light rail network in the country. Fares are $2.50 for a single trip, $5 to $10 for a day pass, and $100 for a monthly pass. And with Dallas so close by, it’s not hard to find taxi or ride sharing service, like Lyft or Uber.
Average Rent in Richardson, TX
- Richardson, TX Average Rental Price, January, 2018$1,273/mo
- 1 Bedroom$1,178
- 2 Bedrooms$1,399
Richardson, TX Apartment Rent Ranges
- > $2,0003%
Richardson, TX Rent Trends
|All rentals||Studio||1 Bed||2 Beds||3 Beds|
|Jan / 2017||$1,250||$897||$1,172||$1,402|
|Sept / 2016||$1,266||$908||$1,160||$1,420|
|May / 2016||$1,220||$931||$1,128||$1,369|
|Jan / 2016||$1,168||$884||$1,064||$1,296|
|Sept / 2015||$1,212||$926||$1,089||$1,321|
|May / 2015||$1,106||$847||$1,049||$1,261|
|Jan / 2015||$1,095||$864||$1,005||$1,188|
Average rent is projected to grow by 6% in 2017 compared to 2016.
Please note that projected rent growth is calculated at city level.
Average rent values on this page are aggregated from data from the following zip codes: 750807508175082
Living in Richardson, TX
There’s a reason Richardson is considered a great place to live. The city itself is fairly small and laid-back, but it’s so close to Dallas that you still get to take advantage of all those big city amenities, including the Dallas/Fort Worth International airport. Talking about pros to living in Richardson, the city is also a great place to find a job, with an unemployment rate well below the national average.
On the other hand, summers can get awfully sweaty, with a high risk of severe storms—one of the biggest cons to living in Richardson. The city’s cost of living is also 13.8% higher than the rest of the US.
Things to Do in Richardson
There are plenty of things to do in Richardson, whether you’re with a friend, a date, or the whole family.
Nature lovers and fitness fanatics will love strolling through local Breckinridge Park and Cottonwood Park. If you’re with a four-legged companion, Bush Central Barkway Dog Park is another great option.
Of course, Richardson can get pretty hot in the summer, so maybe you’ll be more comfortable indoors, doing some retro arcade gaming at Free Play Arcade. The city also has an impressive library, the Richardson Public Library, where you’ll find books, of course, but also activities and events.
Top shopping destinations in the city include Richardson Square, an outdoor retail center, and The Shops at Promenade, an indoor mall. Nearby Dallas provides some excellent option as well, including the Galleria Dallas mall, which is just a short trip away.
When you’ve worked up an appetite, you’ll want to hit Jeng Shin for Chinese, Ali Baba Mediterranean Grill for Mediterranean-Lebanese cuisine, Urban Crust for Italian, or Ten50 BBQ for some good ol’ Texas barbeque.
The culture lovers in the family can spend their time perusing the University of Texas at Dallas Visual Arts Building, or catch a show at the Eisemann Center of Performing Arts. And then there’s the North Texas Automotive Museum for any car buffs you know.
Speaking of art, Richardson has some excellent annual events to check out. They include the Cottonwood Art Festival, which features over 240 artists across 14 categories and is one of the top art shows in the country. It’s held in May and October.
Two other awesome events are the Huffhines Art Trails in October, and the Wildflower! Arts and Music Festival in May. And every holiday season, you can look forward to the Richardson Annual Christmas Parade and the local Santa’s Village.
Sports are very popular in Texas, and while Richardson doesn’t have much to offer in that area, Dallas is one of the best sports cities in the country. There you’ll find the world-famous Dallas Cowboys, the 2011 NBA champion Dallas Mavericks, major league baseball’s Texas Rangers, and even pro hockey and soccer teams, the Dallas Stars and FC Dallas.
Economy and Employment in Richardson
One of the biggest features of Richardson’s economy is the Telecom Corridor, where you’ll find over 5,700 companies providing more than 130,000 jobs. And there are plenty of big names there, from AT&T and Verizon to Samsung and Texas Instruments.
Of course, Richardson is also a college town, which provides plenty of jobs. And the city’s unemployment rate is just 3.60%, which is lower than the Dallas metro, the state of Texas, and the United States as a whole.
Richardson, TX Households
- Total Number of Households40,020
Family 27,327Non-family 12,693
Children 12,751No Children 27,269
- Average People Per Household2.63
- Median Household Income$72,427
- Median Housing Costs Per Month$1,218
Education in Richardson
The University of Texas at Dallas is the focal point of Richardson’s educational landscape—and for good reason. In 2016, US News and World Report ranked the school within the top 100 for computer engineering, computer science, and electrical engineering, along with its full-, part-time, and online MBA programs.
Southern Methodist University and Richland College, a community college, are also near Richardson.
For grade school, the Richardson Independent School District, or RISD, serves the area. And it’s one of the best districts in the state of Texas, with many of the local schools being awarded the statewide TBEC Honor Roll or as national Blue Ribbon Schools.
There are also a few private school options in Richardson, including St. John the Apostle School and Canyon Creek Christian Academy.
Richardson, TX Education Statistics
- No High School4%
- Some High School21%
- Some College23%
- Associate Degree6%
- Bachelor Degree30%
- Graduate Degree17%
Tips for Renting in Richardson
Ready to pack your bags for Richardson? Before you go, let’s take a quick look at some of the local tenant laws, to make sure you’re up to speed.
Texas doesn’t place any limits on the amount of the deposit a landlord can ask for, but they do require that they return it within 30 days of your move-out date. And if the landlord fails to do so, you can take them to small claims court.
In Richardson, you have a “quiet enjoyment” right, which prevents both your landlord and other tenants from disturbing your stay with things like intrusions or noise. If you’re having trouble with noisy neighbors, let your landlord know. But that goes both ways, so you’ll want to keep it down on your end too.
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