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    Urban Real Estate

    This downtown Dallas dwelling's vertical 'hood gives us the warm fuzzies

    Diana Oates
    Sep 17, 2015 | 9:02 am

    Downtown Dallas is making a serious comeback and with cool condos like this one-bedroom, one-bath at The Metropolitan, we can see why.

    Listed by Dave Perry-Miller's Updike|Pugh team, this 757-square-foot unit boasts the big-city views that people think of when they envision their dream urban abode. Perched above Belo Garden, its views of Reunion Tower, Bank of America building, Omni Dallas, and more are second to none.

    But what we dig most about this property is not the views or the amenities, but the listing agent's emphasis on the sense of community that The Metropolitan residents feel in their vertical 'hood.

    "With over 250 units on a city block you get a melting pot of neighbors," Jeff Updike says. "Such a diverse crowd of really great people who become more than just neighbors, but friends and your own 'building family.' We even have a building 'mom' who is the admin for the private Facebook group created specifically for residents."

    Residents enter their unit and find themselves in the main living area, which includes the living room and kitchen. Relax on your private balcony before you head to the kitchen to whip up dinner. The kitchen features black granite countertops, stainless steel appliances, and a breakfast bar.

    Down a short hall you'll find the bedroom, with its two walk-in closets and plenty of space for a king-sized bed. The bathroom across the hall has oodles of storage space and the utility closet has a front-loading washer and dryer plus room for all your toiletries.

    Outside the condo, owners enjoy the property's pool, fitness center, green space, grilling area — and there's even a movie theater! There is also a conference room that is available to host business meetings. Each resident has one parking spot and there is ample storage for bicycles on the property's secured bike racks.

    The only obvious drawback to this otherwise perfect condo is the fact that there is only one bedroom. It seems, however, that The Metropolitan has all the answers, as it has a guest suite available for rent to keep your guests close but give them privacy for rates the listing realtors claim is cheaper than a hotel.

    Listed at $199,999, those who are happy in small spaces would be smart to swoop this property up before the masses roll in. There are lots of new businesses in the area expected to arrive in the future (think multiple hotels, Forty Five Ten, a grocery store, and maybe even a second DART line).

    "With just over 7,000 people living in the CBD loop, the population is set to break 10,000 in the next two years," Updike says. "The Metropolitan is a great value for downtown and offers some of the lowest HOA fees in the area."

    The downtown area is expected to keep growing.

    1200 Main Street 2505
    Photo courtesy of Updike|Pugh
    The downtown area is expected to keep growing.
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    rent report

    Here's how much rent prices have dropped in Dallas-Fort Worth since 2025

    Amber Heckler
    Jun 2, 2026 | 4:45 pm
    Dallas skyscrapers
    Photo by TOM on Unsplash
    Rent prices are on the decline in most DFW cities.

    Rent prices are falling statewide, and prices in certain Dallas-Fort Worth cities have declined by nearly 8 percent since last year, according to a new national rent report from Zumper.

    The Zumper National Rent Report tracked year-over-year and month-over-month rent price changes in 100 U.S. cities for both one- and two-bedroom units using the most recent data available from May 2026.

    Plano had the fourth-steepest rent decrease in Texas, with prices for one-bedroom units dipping 7.5 percent year-over-year to $1,360. Two-bedroom rent has dropped 5.5. percent from last year to $1,900.

    In Dallas, one-bedroom rent prices fell 5.6 percent to $1,350, and two-bedroom rent is down 6.4 percent since last year to $1,900.

    Arlington was the only major Texas city where rent prices increased from May 2025 to May 2026. One-bedroom rent increased nearly 3 percent to $1,090, and two-bedroom rent increased 2.1 percent to $1,480.

    The cost for a single-bedroom apartment in Irving is $1,280, or the same price as it was a year ago, the report found. Two-bedroom units are 3 percent cheaper than they were last year, at $1,610.

    In Fort Worth, respective rent costs for one- and two-bedroom units come out to $1,240 and $1,560.

    Rent prices elsewhere in Texas
    San Antonio saw the steepest drop in rent prices statewide, with one-bedroom rents falling by 10.4 percent to $950. Two-bedroom units have declined 6 percent year-over-year to $1,250.

    These are the rent prices for other Texas cities in May 2026:

    • Austin: $1,420 for one-bedroom units; $1,860 for two-bedroom units
    • El Paso: $810 for one bedroom; $1,130 for two bedrooms
    • Houston: $1,130 for one bedroom; $1,430 for two bedroom

    The report also revealed that four of the 10 U.S. metros offering the most concessions are located in Texas. Austin leads nationally with more than a third of rental units "dangling incentives to fill space," followed by San Antonio, Houston, then Dallas. A separate rent report from real estate data firm CoStar found Dallas-Fort Worth had the fifth highest apartment vacancy rate in the U.S. in March, meaning residents may be able to save on their rent depending on the financial incentives offered by landlords.

    Additionally, these same markets offering generous rent concessions are also among the 10 U.S. metros with the largest population growth, which Zumper says signals ongoing tension between tenants and their landlords regarding prices.

    "So while Texas absorbed a significant share of the 2023-2025 supply wave, inventory still has to lease up before landlords regain pricing power, and the steady inflow of new residents says the demand is there," the report said. "It’s just a question of when supply stops outrunning it."

    From 2023 to 2024, Texas gained nearly 73,000 net new renters, making it the No. 1 magnet for renters nationwide.

    rentrent reportzumperapartmentsreal estatedallasplanofort wortharlingtonirving
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