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.