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Apartments for Rent in Dallas, TX under $700 – 25 Rentals available

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Dallas’s average rent reached $1,249 in December

Dallas’s average rent reached $1,249 in December, after a 0.2% increase since last year. A thriving economic and cultural center and a renter household-majority city (59%), Dallas is a popular location to call home, with apartment prices below the national average of $1,462. [View Full Report]

Dallas-Fort Worth apartment rent report

Dallas's average rent was $1,249 in December

Dallas’s average rent reached $1,249 in December, after a 0.2% increase since last year. A thriving economic and cultural center and a renter household-majority city (59%), Dallas is a popular location to call home, with apartment prices below the national average of $1,462.

The average rent for an apartment in Dallas rose at a slower pace than its surrounding areas, such as Arlington and Fort Worth, where the average rate reached $1,082 and $1,172, respectively, after a 3.8% and 3.9%

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 Irving (63%), with an average rent of $1,181 after an annual decrease of 1.4%. Second is Dallas with 59%, followed by Lewisville with 58% renter households. In Lewisville, apartment rents increase by 1.3% since last year, reaching $1,212. Euless has the fourth largest share of renters (57%) and an average rent of $1,190, up by 2.9% since last year, while in Denton, where 52% of homes are renter households, the average rent is $1,229, going up by 1.6% 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 $1,581 per month. Frisco’s $1,411 rate is the second most expensive, while apartments in Grapevine ($1,401) come in third.

For renters in search of budget-friendly apartments, Mesquite rentals are the cheapest in the area, with an average price of $1,014, followed by Arlington rentals, going for $1,082 per month. Garland apartments are the third least pricey on the list, with a $1,117 monthly average as of December.

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 Population1,318,806
  • Female 653,609
    Male 665,197
  • Median Age32.7

Average Rent in Dallas, TX

  • Dallas, TX Average Rental Price, October 2020 $1,250 /mo

Dallas, TX Apartment Rent Ranges

  • $501-$7003%
  • $701-$1,00036%
  • $1,001-$1,50042%
  • $1,501-$2,00013%
  • > $2,0007%

Dallas, TX Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
Dallas, TX $1,156 $1,154 $1,183 $1,191 $1,204 $1,232 $1,240 $1,242 $1,254 $1,247 $1,250
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
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Check out the average rent prices in Dallas by neighborhood.

Dallas, TX Households

  • Total Number of Households505,816
  • Family 289,624
    Non-family 216,192
  • Children 158,947
    No Children 346,869
  • Average People Per Household2.57
  • Median Household Income$50,100
  • Median Housing Costs Per Month$1,029

Dallas, TX Education Statistics

  • No High School12%
  • Some High School34%
  • Some College20%
  • Associate Degree4%
  • Bachelor Degree20%
  • Graduate Degree11%

Renting apartments in Dallas, TX under $700

Searching for apartments for rent in Dallas, TX under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Dallas, TX, where the average rent is $792 per month, there are 26 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Dallas, TX. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Dallas, TX going for $620 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!