How Dallas Rents Compare

Dallas renters have it pretty good compared to rest of Texas and nation

Dallas renters have it pretty good compared to rest of nation

3700M, West Village
True, rents at 3700M are higher than the median one- and two-bedroom prices in Dallas. Still, Dallas has it pretty good compared to the rest of Texas and the nation. Photo courtesy of West Village

For anyone out there who thinks rents in Dallas are too high, we have some news: Compared to other major cities in Texas — and the rest of the United States — we have it pretty good.

Each month, Apartment List releases a Rental Price Monitor, which determines the median one- and two-bedroom rental price in the top 100 U.S. cities. According to data collected from November 2013-November 2014, based on the hundreds of thousands of rentals listed on the Apartment List website, Dallas ranks No. 38 for both one- and two-bedroom units.

The one-bedroom median rental in Dallas is $750; you can get a two-bedroom apartment for a median cost of $910. The only other Texas city on this list that fares better is San Antonio, at $680 for a one-bedroom and $830 for a two-bedroom.

Austin, on the other hand, is the most expensive rental market in Texas. At $930, the Capital City’s one-bedroom median rental price is the 18th highest in the country. The two-bedroom median price, $1190, is the 15th most expensive.

Houston falls just behind Austin, with a one-bedroom median price of $910 and a two-bedroom median price of $1,040 — good for national rankings of 19 and 24, respectively.

Unsurprisingly, San Francisco ranked No. 1, with a one-bedroom median price of $3,280; however, rates there have been declining in the past couple of months, according to Apartment List. New York was next, thanks to a $2,510 median one-bedroom rental rate. Rounding out the top five were Washington, D.C.; Boston; and San Jose, California.

Nationwide, average rents are $850 for a one-bedroom and $950 for a two-bedroom. The cheapest place to rent a one-bedroom apartment is Wichita, Kansas, which has a median price of $430. At $570, Toledo, Ohio, and Fort Wayne, Indiana, have the least expensive two-bedroom rentals.