Cities Dallas, TX Rental Market

Big D’s Rental Inventory Got Bigger in 2015: the 10 Largest Developments Brought in 3,500 New Units

New rental developments in Dallas in 2015

Driven by a constant job and population growth, the rising demand for rentals is keeping Dallas developers busier than ever. Bold high-rise and major mid-rise projects have been sprawling for years now in the city’s hot spots, changing the urban landscape and the city’s skyline.

After a thriving 2014, when 20 apartment buildings hit the market, totaling 6,053 rental units, constructors pushed hard all throughout 2015. Still, last year saw a slight decrease in completions: 19 large rental projects of 50+ units were delivered, bringing in 5,351 new units to Big D’s housing inventory.

To see which of these developments were the largest in terms of units, we turned to Yardi Matrix data, that pinpoints Elan City Lights to be on top of 2015’s list. Conveniently located at the intersection of Cantegral and Live Oak, this mega-community alone offers no less than 424 apartments for rent in the heart of Dallas and a host of luxurious amenities fit for the most discerning renters. In fact, most new developments focus on luxury, location, upscale interior finishes, green features, and community perks that appeal to exclusive tastes.

For the runner-ups, check out below the complete list of the 10 largest developments that entered Dallas’ rental market in 2015, totaling 3,500 brand new apartments.

#10. One Dallas Center: 276 rental units

One Dallas Center

One Dallas Center Apartments for rent

Completed: 4/17/2015

Address: 350 North St. Paul Street, Dallas, TX 75201
Rental types: 230 one-bedroom apartments, 30 two-bedroom apartments, 16 three-bedroom apartments
Property size: 228,280 sq.ft.. 16-story building over 14 floors (266,000 sq.ft.) of office space
Short description: Green building – LEED – Certified Platinum. Prior name: Patriot Tower. 1,656 parking spaces. Covered parking is available for an additional $85/month. Resort-style pool with cabanas. Exclusive resident bar and lounge. 30th floor sky lounge. 5,000 sq.ft. fitness center. Outdoor grilling area. On-site bark park. Amazing Downtown views. Massage room. Conference center. Wood flooring throughout living rooms and kitchens. Pocket doors. Accent walls. Sonos surround sound.
Photo credits: One Dallas Center Website, Yardi Matrix

#9. VV&M Boutique Residential Living: 310 rental units

VV&M Boutique Residential Living in Dallas

VV&M Residential Living in Dallas

Completed: 3/27/2015

Address: 5225 Verde Valley Lane, Dallas, TX 75254
Rental types: 48 one-bedroom/alcove apartments, 138 one-bedroom apartments, 118 two-bedroom apartments, 18 three-bedroom apartments
Property size: 284,998 sq.ft., five 4-story buildings (first floor includes parking)
Short description: 620 parking spaces. Covered parking +$35/month, detached garages +$100/month. Expansive pool deck with private cabanas, fireplace, and outdoor grilling kitchen. Resort pool, in-water private cabanas, and wet tanning lounge. Business lounge featuring iMac computers. Pet-friendly with private dog park. Media lounge. Walkable location adjacent to dining, nightlife, entertainment and shopping. High efficiency washer and dryer provided in every unit. Two designer interior schemes featuring either granite or quartz countertops and tile backsplashes.
Photo credits: VV&M Facebook Page

#8. Aura Prestonwood: 322 rental units

Aura Prestonwood Dallas

Aura Prestonwood Apartments for rent in Dallas

Completed: 10/05/2015

Address: 5519 Arapaho Road. Dallas, TX 75248
Rental types: 252 one-bedroom apartments, 70 two-bedroom apartments.
Property size:  267,155 sq.ft.
Short description: 515 parking spaces. Wood-style plank flooring in living areas. Custom carpet in bedrooms, and ceramic tile in all baths.  Energy efficient Whirlpool stainless steel appliances. Fitness center with cardio arena and free weights. Courtyard with lush landscaping, private nooks, fire pit and grilling area. Swimming pool. Pet-friendly community with dog park and dog-washing station.
Photo credits: Aura Prestonwood Website

#7. SkyHouse Dallas: 336 rental units Check availability

Skyhouse Dallas Apartments

Skyhouse Dallas Apartments for rent

Completed: 1/26/2015

Address: 2320 North Houston Street, Dallas, TX 75219
Rental types: 80 studios, 166 one-bedroom apartments, 72 two-bedroom apartments, 18 three-bedroom apartments
Property size: 263,333 sq.ft., 21- and 23-stories building (over 4,970 square feet of retail)
Short description: 450 parking spaces. Amazing location in Uptown Dallas. Rooftop pool with sweeping downtown views. Separate yoga and spin room. Concierge services available. Hardwood flooring in kitchen, living and dining room. Floor-to-ceiling windows with upgraded solar shades. Granite countertops with subway tile backsplash and Espresso-finished cabinets.
Photo credits: RENTCafé

#6. Locale: 348 rental units

Locale Apartments Dallas

Locale Apartments for rent in Dallas

Completed: 7/15/2015

Address: 3301 Hudnall Street, Dallas, TX 75235
Rental types: 15 studios, 240 one-bedroom apartments, 93 two-bedroom apartments
Property size: 298,843 sq.ft.,nine 3-story buildings (first floor includes parking)
Short description: 697 parking spaces. Covered parking +$35/month, detached garages +$125/month. Entertainment lounge with Wi-Fi café, serving bar, and TV gallery. Business center. Wellness center with highly-specialized Technogym cardio machines. Resort-style swimming pool with expansive tanning areas. Community pet park. Grilling areas with premium outdoor cooking equipment. Expansive 10′ ceilings. Pre-wired intrusion alarm.
Photo credits: Locale Facebook Page, Yardi Matrix

#5. NorthRock Lake Highlands: 362 rental units

Northrock Lake Highlands Dallas

Northrock Lake Highlands Apartments for rent in Dallas

Completed: 6/30/2015

Address: 6808 Skillman Street, Dallas, TX 75231
Rental types: 216 one-bedroom apartments, 119 two-bedroom apartments, 27 three-bedroom apartments
Property size: 302,148 sq.ft., nine 3-story buildings (first floor includes parking)
Short description: Green Building – LEED – Certified. Partially affordable (557 sq.ft. units are reserved for low income housing, 38 units are affordable). 760 parking spaces. Outdoor grilling stations. Fully equipped fitness center. Swimming pool. Dog park. 24h business center. Clubhouse. Whirlpool Energy Star stainless steel appliances. Wood-style plank floors. Granite countertops. Glass tile backsplash.
Photo credits: NorthRock Lake Highlands Facebook Page, Yardi Matrix

#4. Olympus at Ross: 368 rental units

Olympus at Ross Dallas

Olymous at Ross Apartments for rent in Dallas

Completed: 6/09/2015

Address: 3501 Ross Avenue, Dallas, TX 75204
Rental types: 35 studios, 222 one-bedroom apartments, 111 two-bedroom apartments
Property size: 303,645 sq.ft., 5-story building
Short description: Pool plaza with outdoor grilling stations. Smoke-free community. Electric vehicle charging station. Wellness studio with cross-fit inspired equipment, yoga, and spin room. Art room. Social lounge. 736 parking spaces. 10 Ft. ceilings. Quartz counters with contemporary glass tile backsplash. Keyless entry. Sleek stainless steel appliances package.
Photo credits: Olympus at Ross Facebook Page

#3. Alexan Fairmount: 368 rental units

Alexan Fairmount Dallas

Alexan Fairmount Apartments for rent in Dallas

Completed: 9/22/2015

Address: 4210 Fairmount Street, Dallas, TX 75219
Rental types: 29 efficiency apartments, 227 one-bedroom apartments, 112 two-bedroom apartment
Property size: 306,700 sq.ft., 5-story building
Short description: 700 parking spaces. Pool plaza and fireside lounge. Yoga and Spin room. Electric vehicle charging station. Tanning studio. Relaxation garden. wellness studio with CrossFit-inspired equipment. Keyless entry. Granite counters with stylish glass-tile backsplash. Elegant cabinetry with glass panels.
Photo credits: Alexan Fairmount Facebook Page

#2. 3700M: 381 rental units

3700M Apartments Dallas

3700M Apartments for rent in Dallas

Completed: 1/30/2015

Address: 3700 McKinney Avenue, Dallas, TX 75204
Rental types: 2 guest suites, 44 one-bedroom/alcove apartments, 251 one-bedroom apartments, 84 two-bedroom apartments
Property size: 340,864 sq.ft., three buildings with 4 and 20 Stories (over 37,000 sq.ft. of retail)
Short description: Green building – LEED- Proposed Certified Silver. 836 parking spaces. Business Center with two private conference rooms. Fireside living room and conversation alcoves. Full service concierge. Yoga studio. World-renowned TechnoGym® equipment. Skyline cabana lounge. Unobstructed views of the Dallas skyline. Stacked washer/dryer in all units. Dual-pane glass. Hardwood floors.
Photo credits: 3700M Website

#1. Elan City Lights: 424 rental units

Elan City Lights Dallas

Elan City Lights Apartments for rent in Dallas

Completed: 12/09/2015

Address: 2627 Live Oak Street, Dallas, TX 75204
Rental types: 19 studios, 15 one-bedroom alcove apartments, 300 one-bedroom apartments, 90 two-bedroom apartments
Property size: 320,737 sq.ft., 5-story building
Short description: 525 parking spaces. Full-size washer &dryer. Dallas city views from patios or a balconies. Professional business center & conference room. Outdoor grilling stations with built-in sink & fridge. 24-hr fitness center. Aqua massage for relaxation and wellness. Wi-Fi in all common areas.
Photo credits: Elan City Lights Website

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About the author

Nicoleta Iudean

Online content developer Nicky Iudean loves writing about real estate, interior design, and lifestyle topics for RENTCafé. She gets inspiration for a healthier and happier way of living from her 4-year old son. You can reach Nicoleta by email or Twitter.

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