Rent prices in cities near Dallas
Rent prices in Dallas's popular neighborhoods
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'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.
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
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 657,714Male 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
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jun / 2021|
Dallas, TX Households
- Total Number of Households513,443
Family 290,796Non-family 222,647
Children 157,388No Children 356,055
- Average People Per Household2.56
- Median Household Income$52,580
- Median Housing Costs Per Month$1,086
Dallas, TX Education Statistics