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Luxe Urban Living

Dallas’ hottest luxury residence rolls out brand-new condos at unbeatable price

CultureMap Create
Mar 16, 2016 | 2:58 pm

Since opening last spring, The Shelby Residences, a project by The Marquis Group, has wowed Dallasites in search of an urban lifestyle in luxe surroundings. Located in the heart of East Dallas’ new University Crossing neighborhood, the 55-unit development offers prime access to top destinations such as Katy Trail, DART Rail, and Mockingbird Station — just to name a few.

The condos sit on the former site of one of automotive icon Carroll Shelby’s garages and features a decidedly modern aesthetic that nods to the locale’s history. Case in point: the four AC Cobra car hoods painted by a local artist that greet you in the lobby.

Following the overwhelming success of phases I and II, The Shelby Residences is rolling out its third and final phase.

The new one- and two-bedroom units are priced from $193,000 to $381,000; come in a variety of floorplans; and feature a number of premium upgrades, including stainless appliances, plush wool carpeting, and large walk-in closets. Buyers have a choice between two designer color schemes, which offer soft gray or warm brown for their Puccini porcelain wood-planked floors, crystal white or carbon black quartz countertops, and custom shaker cabinets in gray or white.

To celebrate the phase III rollout and to give Dallas residents a peek at all it has to offer, The Shelby Residences is hosting a special event on Tuesday, March 22, 5:30-7:30 pm. Stop by for light bites and beverages, live music from Dan Quinn, and a trunk show from Trunk Club Dallas.

During the event, take a guided tour of the two beautiful model homes designed by Cheryl Ketner Interiors. Don’t miss the residence’s onsite amenities: owners’ lounge with custom furniture, kitchenette and flat screen TV’s; outdoor rooftop terrace with fire pits and seating areas; dog park; and fully equipped fitness center.

“We’re really excited to give potential homeowners the opportunity to experience the cool vibe of University Crossing,” says Shelby sales associate Julie Quigley, “as well as the chic lifestyle to be lived at The Shelby Residences.”

Don’t miss the event to see all that The Shelby has to offer. RSVP to events@theshelbyresidences.com or drop by any time between 5:30 and 7:30 pm. Valet is complimentary. For additional information on The Shelby Residences or to arrange a tour of the property, visit www.theshelbyresidences.com/openhouse or call 214-849-1913.

Following the overwhelming success of phases I and II, The Shelby Residences is rolling out its third and final phase.

The Shelby Residences
Photo courtesy of The Shelby Residences
Following the overwhelming success of phases I and II, The Shelby Residences is rolling out its third and final phase.
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living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
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