{"id":51272,"date":"2017-03-07T06:23:25","date_gmt":"2017-03-07T14:23:25","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=51272"},"modified":"2026-04-21T23:55:01","modified_gmt":"2026-04-22T06:55:01","slug":"dallas-rents-climb-confidently-still-its-no-match-for-the-metro","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/dallas-rents-climb-confidently-still-its-no-match-for-the-metro\/","title":{"rendered":"Dallas Holding Its Ground in the Rent Growth Battle, but the Pressure Is on from All Sides"},"content":{"rendered":"

Dallas has been keeping up fairly well with the surrounding cities in terms of rent growth. Currently the general trend in the largest US metros is that the main cities are cooling off while the suburbs post exceptionally high increases, but Dallas’ case is a more balanced one.<\/p>\n

At the end of 2016, Dallas apartments<\/a> cost 5.9% more in rent than they did 12 months prior to that, with the average rent crossing over the $1,100 threshold. Meanwhile, rents have increased by 6.3% in Fort Worth, reaching $1,000. The Dallas-Fort Worth Metroplex as a whole posted a 4.9% average year-over-year rent increase, 90 basis points over the national average growth rate, according to market data from Yardi Matrix<\/a>.<\/p>\n

\"3<\/a><\/p>\n

Although Dallas rents are a hair above the metro average, the Big D is headed in the same direction as Los Angeles<\/a>, Phoenix<\/a> or Atlanta<\/a>, in that most of its surrounding cities will soon catch up, and even outpace it in terms of rent growth. Supporting this hypothesis is the latest Yardi Matrix rent forecast, which anticipates a 20-basis-point decrease in rent growth by the end of 2017, to 5.7%.<\/p>\n

Fort Worth-area cities and Ellis County take the lead, Prosper and Little Elm lose traction<\/h3>\n

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It looks like rent growth accelerates as you go farther away from Dallas. Weatherford<\/a>, about an hour of driving from central Dallas, and half-an-hour from Downtown Fort Worth<\/a>, led the pack last year with a staggering 10.5% increase year-over-year in December. The Ellis County<\/a> city of Midlothian followed with a 10.1% rent growth\u2014also at about a half-hour drive from both metropolitan cores. The nearby Waxahachie also made the top 10 with a more modest, but still very strong 7.5% growth rate, and speaking of Ellis County, we have to mention Red Oak, which also beat Dallas with a 6.6% rate.<\/p>\n

Out of the Fort Worth-area cities, White Settlement has earned the elegant 3rd<\/sup> rank (although residents could probably live without this kind of grandeur), and with an 8.8% increase Haltom City<\/a> has also found itself in the fast-lane.<\/p>\n

The heatmap shows other well-defined regions of intense growth, such as that along Interstate 30 (including Arlington<\/a>, Grand Prairie<\/a>, Garland<\/a> and Mesquite<\/a>), as well as the Plano<\/a>–Richardson<\/a> area. On the other hand, due to the expanding rental inventory, rent growth has been limited in Dallas, where north of 6,000 new units came online in 2016.<\/p>\n