Dallas is The Most Expensive City For Apartment Renters, Plano Ranks Fourth According to ApartmentList.
Demand is pushing rents upward in Texas, and renters in Dallas are feeling the burn in their wallets. According to a recent analysis from ApartmentList, Dallas is the most expensive metro area in Texas for renters, with the median price for a two-bedroom apartment clocking in at $1,560 per month. That’s $90 higher than Austin, which is often decried for its astronomical real estate prices, though the state capital saw a 7.8 percent year-over-year increase in rent prices. Rents are up 4.8 percent for Dallas year-over-year, while Plano has seen a 5.9 percent year-over-year increase in rents — the second highest in the state. Look for that number to inch skyward as more luxury multifamily developments come online in Plano and along the northern corridors of Dallas.
- Dallas Morning News, February 4, 2016