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Apartments for Rent in Dallas, TX under $500
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Dallas’s average rent reached $1,270 in April

Dallas’s average rent reached $1,270 in April, after a 1.5% increase since last year. A thriving economic and cultural center and a renter majority city (55%), Dallas is a popular location to call home, with apartment prices below the national average of $1,417. [View Full Report]

Dallas-Fort Worth apartment rent report

Dallas's average rent was $1,270 in April

Dallas’s average rent reached $1,270 in April, after a 1.5% increase since last year. A thriving economic and cultural center and a renter majority city (55%), Dallas is a popular location to call home, with apartment prices below the national average of $1,417.

The average rent for an apartment in Dallas rose slower than in other surrounding cities, such as Arlington ($1,093), where prices went up by 3.9%. Meanwhile, apartment rates in Fort Worth increased by 5%, reaching a $1,196 average.

Dallas apartment rent report

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

Addison, the city with the largest renter share (81%) in the Dallas area, has a $1,409 average rent, after a 1.9% annual increase. The second largest renter hub, Irving, has a 59% renter share, with its apartments going for $1,219 on average (up by 1.8% since last year).

Dallas comes in third, followed by Northlake (54% renters), where rental prices circle around $1,317 after a 6.4% yearly increase. With a 52% share of renters, Lewisville and White Settlement tie for the fifth position among the area’s largest renter hubs. Lewisville's average rent reached $1,236 in April, while White Settlement apartments go for about $1,033.

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 $1,599 per month. Frisco and its $1,497 average price is the second most expensive, while Farmers Branch comes in third, with a $1,459 rate.

For renters in search of budget-friendly apartments, Greenville's $891 average rent is the cheapest in the Dallas area, followed by Balch Springs's $934 rate. Lancaster rentals are the third least pricey on the list, with a $1,031 average rent as of April.

Dallas apartment rents in popular ZIP codes for renters

Among Dallas's most popular renter ZIP codes, 75287 has a $1,128 average rent, below the city average ($1,270). At the same time, rentals in ZIP 75243 go for $983, while prices in ZIP 75204 circle around $1,735. Apartment rents in ZIP 75231 clock in at around $1,039, lower than the Dallas average, while rates in ZIP 75206 average at $1,459.

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, June 2021 $1,338 /mo

Dallas, TX Apartment Rent Ranges

Dallas, TX Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jun / 2021
Dallas, TX $1,154 $1,183 $1,191 $1,204 $1,232 $1,242 $1,254 $1,247 $1,247 $1,263 $1,338
National $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,404 $1,482
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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