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Apartments for Rent in Dallas, TX under $1200 – 1334 Rentals available


Dallas’s average rent reached $1,263 in March

Dallas’s average rent reached $1,263 in March, after a 1.1% increase since last year. A thriving economic and cultural center and a renter household-majority city (55%), Dallas is a popular location to call home, with apartment prices below the national average of $1,407. [View Full Report]

Dallas-Fort Worth apartment rent report

Dallas's average rent was $1,263 in March

Dallas’s average rent reached $1,263 in March, after a 1.1% increase since last year. A thriving economic and cultural center and a renter household-majority city (55%), Dallas is a popular location to call home, with apartment prices below the national average of $1,407.

The average rent for an apartment in Dallas rose at a slower pace than in its surrounding cities, such as Arlington ($1,087), where prices went up by 3.7%, and Fort Worth, where rents went up by 4.8%, reaching a $1,188 average.

Dallas apartment rent report

What it costs to rent in the largest renter hubs in the Dallas area

The city with the largest renter share is Addison (81%), with an average rent of $1,400 after an annual increase of 0.8%. Second is Irving, with 59%, followed by Dallas with a 55% renter share. In Irving, apartment rents increased by 0.6% since last year, reaching $1,209. Lewisville has the fourth largest share of renters (52%) and an average rent of $1,226, up by 2.4% since last year, while in Euless, where 51% of the population are renters, the average rent is $1,181, going up by 1.4% in the past year.

The priciest and cheapest cities for renters in the Dallas area

Flower Mound is the priciest city for renters in the Dallas–Fort Worth area, with apartments renting for $1,588 per month. Frisco and its $1,462 average price is the second most expensive, while Farmers Branch comes in third, with a $1,447 rate.

For renters in search of budget-friendly apartments, Greenville rentals are the cheapest in the area, with an average price of $884, followed by Balch Springs rentals, going for $926 per month. Lancaster apartments are the third least pricey on the list, with a $1,029 monthly average as of March.

Dallas apartment rents in popular ZIP codes for renters

Among Dallas's most popular renter ZIP codes, 75287 has a $1,121 average rent, below the city average ($1,263). At the same time, rentals in ZIP 75243 go for $984, while prices in ZIP 75204 circle around $1,721. Apartment rents in ZIP 75231 clock in at around $1,033, lower than the Dallas average, while rates in ZIP 75206 average at $1,454.

Check out how average rents evolved across the Dallas area

Dallas apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Dallas, TX Demographics

  • Total Population1,330,612
  • Female 657,714
    Male 672,898
  • Median Age32.7

Average Rent in Dallas, TX

  • Dallas, TX Average Rental Price, March 2021 $1,263 /mo

Dallas, TX Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00035%
  • $1,001-$1,50042%
  • $1,501-$2,00014%
  • > $2,0007%

Dallas, TX Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021
Dallas, TX $1,156 $1,154 $1,183 $1,191 $1,204 $1,232 $1,242 $1,254 $1,247 $1,247 $1,263
National $1,315 $1,346 $1,355 $1,359 $1,356 $1,391 $1,398 $1,400 $1,390 $1,395 $1,407
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Dallas, TX Households

  • Total Number of Households513,443
  • Family 290,796
    Non-family 222,647
  • Children 157,388
    No Children 356,055
  • Average People Per Household2.56
  • Median Household Income$52,580
  • Median Housing Costs Per Month$1,086

Dallas, TX Education Statistics

  • No High School12%
  • Some High School33%
  • Some College19%
  • Associate Degree4%
  • Bachelor Degree20%
  • Graduate Degree11%