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Apartments for Rent in Dallas, TX under $700 – 29 Rentals available

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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.

Renter's Guide to Dallas

Located in the northern part of Texas, Dallas is one of the Lone Star State’s major cities. It contains part of five counties and is home to some of the country’s biggest employers and corporations.

Dallas is mostly known for its top-notch sports teams, its vibrant dining and cultural scene, its bustling economy, and its highly rated suburbs, which offer families a great place to raise their kids in a safe, secure and healthy environment.

Dallas is a highly urban city, with a busy downtown area, a flourishing economy, and an endless stream of things to do and see. With family-filled suburbs, youthful, artsy neighborhoods, and plenty of properties for rent and for purchase, it offers a little something for everyone.

Dallas is the third-biggest city in Texas and the ninth-biggest in the U.S. When combined with its westerly counterpart Fort Worth, it is the fourth-largest metropolitan area in the entire nation. Population-wise, Dallas has 1.3 million residents – nearly 1 million less than Houston. It encompasses 385 square miles of land.

Dallas is about 230 miles from Houston – right around four hours away by car. From Austin, Dallas is only about 190 miles, and from Fort Worth, it’s just over 30 miles. Dallas is home to two airports: Dallas Love Field and Dallas Fort Worth Airport. Both offer flights across the country and the world.

Like most cities in Texas, Dallas offers a fairly warm climate with very mild winters, save for a few snow and ice storms occasionally seen in January and February. The average temperature in the summer ranges from 89 to 96, while the fall and spring are more temperate, hovering between the high 50s and the high 60s.

Dallas, TX Demographics

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

Cost of Living in Dallas, TX

The cost of living in Dallas is fairly low, especially compared to some of the nation’s larger cities. In fact, its cost of living index is just 33 percent lower than that of New York City.

Dallas offers a wide array of options when it comes to public transport. The Dallas Area Rapid Transit system offers buses, rail services, commuter trains, trolleys, streetcars, and vanpooling/carpooling. Day passes run from $2.50 to $10, and monthly passes between $40 and $160. Dallas commuters spend an average of 53 hours in traffic each year, making it the 11th-most congested city in the nation.
A meal for two in an inexpensive Dallas restaurants averages $45. A regular cappuccino runs from just under $4 and a domestic, draft beer is about $4.50. Some of the city’s hottest restaurants include The Porch, Sambuca and The Rustic. If you're into steaks, try Nick & Sam's Steakhouse at 3008 Maple Ave in Oak Lawn.

Dallas residents pay an average of $142 a month on utilities - including water, electricity, heating and garbage pick-up - for a 915 sq. ft. apartment. This comes in just under the national average of $147 per month.

Average Rent in Dallas, TX

  • Dallas, TX Average Rental Price, May 2021 $1,276 /mo

Dallas, TX Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00034%
  • $1,001-$1,50042%
  • $1,501-$2,00014%
  • > $2,0008%

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 May / 2021
Dallas, TX $1,154 $1,183 $1,191 $1,204 $1,232 $1,242 $1,254 $1,247 $1,247 $1,263 $1,276
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
/

Check out the average rent prices in Dallas by neighborhood.

Living in Dallas

If you’re considering moving to Dallas, take a minute to learn about what life is like in this big Texas city.
As with any city, living in Dallas has its pros and cons. Some of the positives? It has a flourishing economy, which means lots of jobs and opportunities for all ages and industries. It also has a varied landscape of neighborhoods and communities, making it easy to find a niche that’s all your own. Its sports teams, entertainment venues, and cultural opportunities are top-notch.

As for cons, Dallas does have a few. For one, parking and getting around in general can be difficult. Traffic is high in Dallas proper, and most businesses offer only pay-to-park or valet options. This can get expensive.

Things to do in Dallas

Some of the city’s main attractions hold historical value, like Dealey Plaza and the Texas School Book Depository, where JFK was assassinated in 1961. Other top attractions include Six Flags, the Dallas Zoo, and Reunion Tower, which overlooks the entire city.
Sports are big in Dallas, and the city is home to professional teams in football, baseball, basketball, hockey, and soccer. These teams include the Texas Rangers, Dallas Cowboys, Dallas Mavericks, Dallas Stars, and FC Dallas.
Dallas is a very child-friendly city, offering a zoo, the Dallas World Aquarium, a Legoland Discovery Center, and even a Medieval Times center, where you can see knights joust in a medieval-style tournament. There is also the Great Wolf Lodge, an indoor water park that’s open year-round.
Dallas couples have loads of date-night options. They can see a band at the House of Blues, play a fun round of golf at Top Golf, take in some classical music at the Dallas Symphony, or see an indie movie at the Angelika theater. The W Hotel offers a great romantic place to stay the night.
If you’re on a tight budget, try one of Dallas’ many free attractions, like Klyde Warren Park, which boasts large-scale chess, reading areas, a children’s park, ping pong, croquet, live music, and more. The Dallas Museum of Art is admission-free, and you can also hop on the M-Line Trolley and take a vintage trolley line through some of the city’s best shops.
The Texas State Fair is by far the biggest annual event in Dallas. With rides, games, food, fun and entertainment, people flock from all over the state to experience it. It’s also home to the Texas Star, a 212-foot ferris wheel and the tallest of its kind in all of North America.
Dallas is a cultural powerhouse. Check out one of the many Dallas Summer Musicals productions, read the Dallas Morning News, settle in at the Dallas Public Library, or find out how things work at the world-renowned Perot Museum. There are also dozens of museums, including the Sixth Floor Museum and the George W. Bush Presidential Library, and a stunning arboretum and botanical garden. In 2014, PropertyShark ranked Dallas the No. 15 city for culture in the U.S.

Aside from Klyde Warren, Dallas is home to dozens of top-notch parks and recreational areas. The Katy Trail is a favorite for local runners, while White Rock Lake Park offers kayaking and 9 miles of hiking, biking and running trails. The Trinity River Audubon Center is another great place, especially if you want to check out the local flora and fauna.

As for shopping, the Galleria and NorthPark Center are Dallas’ top shopping destinations. The Bishop Arts district is a great place to look for all things fun and funky, while the Allen Premium Outlets are a smart stop if you need a good bargain.

Dallas Employment & Economy

Dallas has a flourishing economy, and its major industries include defense, financial services, technology, telecommunications and transportation. It is home to 43 percent of Texas’ tech employees. The city serves as the headquarters for many national and international brands, including Exxon Mobil, AT&T, American Airlines, Kimberly-Clark, Southwest Airlines, JC Penney, and Texas Instruments.

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

Education in Dallas

Dallas is home to more than 300 public schools, 89 private schools, and dozens of colleges and universities. For kindergarten through 12th grade, most Dallas students are served by Dallas ISD. As for higher education, Dallas boasts the University of Dallas, Southern Methodist University, Dallas Baptist University, UNT Dallas, UT Dallas, Texas Woman’s University and more.

Dallas, TX Education Statistics

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

Tips for Renting in Dallas

Dallas offers tenants certain rights, including the protection from landlord retaliation. The city even has an ordinance on the books – “Retaliation Against Tenants Prohibited” – and offers a city attorney for any renters who feel they have been retaliated against. Before moving to Dallas, make sure you familiarize yourself with the Rights as a Tenant section on the Dallas City Hall website.

New Dallas residents should also note: life in Dallas is not like the Texas living you see in movies. Dallas is a highly-urban city, and living in Dallas proper can actually look more like New York than the farms and tumbleweeds you might be expecting!

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 $673 per month, there are 29 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 $317 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!