What’s the Median Rent for a One-Bedroom in DFW? Here’s What the Data Says
Zumper, the largest privately-owned rental platform in North America, analyzed active listings last month in Dallas-Fort Worth.
The median rent for a one-bedroom unit in Dallas was $1,350 last month, and you would have spent more in certain Dallas-Fort Worth suburbs, according to new data analyzed by rental platform Zumper.
That median price represents a drop of 10% since this time last year in Dallas. Only Irving (-15.1%) and Allen (-14.3%) saw larger yearly declines, Zumper research shows. Most cities in DFW saw prices fall.
Mesquite (16.2%) and Carrollton (3%) recorded the largest yearly increases.
Frisco had the highest median rent prices for one-bedroom units at $1,580. Grapevine was the second most expensive with median rent at $1,560. Richardson was third at $1,490.
Greenville was DFW’s most affordable city with the median price of one-bedroom units at $730. Arlington was second with rent at $1,090, and Garland was third with rent at $1,110.
Weatherford (-5.9%) and Plano (-4.1%) saw the largest monthly rent price drops.
Dallas was tied for the eighth-most expensive rental market in DFW. The $1,350 median rent for a one-bedroom unit was a 0.7% drop from the prior month. The median rent for a two-bedroom unit remained flat at $1,930, Zumper reported.
The median rent for a one-bedroom unit in Texas was $1,132 last month.
Zumper’s Dallas Metro Area Report analyzed active listings that hit the market last month. Listings were aggregated by city to calculate median asking rents. There were roughly 27,000 active listings spread over 21 cities in the DFW metro, according to Zumper.
Renters should expect to see additional relief this year as many regions deal with housing oversupply.
Last year, the U.S. saw the largest number of new apartment units added in 36 years, Richardson-based property management software firm RealPage previously reported.
Trammell Crow Residential managing director of multifamily development Megan Smith told The Dallas Morning News last month that 2024 and even 2025 may see rent softening in some DFW submarkets due to the abundance of supply and planned projects.
Source: Dallas Morning News