Dallas rents are the highest in Texas — and that's saying something
Rents in Dallas didn't increase during the month of April, but hold off on celebrating just yet. It still costs more to rent a one- or two-bedroom apartment in Dallas than any other city in Texas, and some of our suburbs are starting to climb as well.
In its May Rent Report, Apartment List finds that Dallas rents have grown 5.4 percent year-over-year, which is higher than both statewide and national averages. A two-bedroom in Big D typically costs $1,580, and a one-bedroom will set you back about $1,220 a month. The median price for all of Texas is $1,230 for a two-bedroom and $1,000 for a one-bedroom.
Growth is even higher up north, where popular suburb Plano is experiencing the state's highest year-over-year rent growth, with a 6.9 percent increase over April 2015. To rent a two-bedroom apartment here, expect to shell out around $1,480 a month.
Over in Fort Worth, the numbers are only slightly calmer. The median two-bedroom rent is $1,130, which is a 4.2 percent increase over this time last year and the fifth largest rent increase in the state. It joins Dallas as one of the seven Texas cities where rent growth exceeds statewide and national averages.
Elsewhere in the Lone Star State, Houston and Austin are neck and neck for second place, with two-bedrooms going for around $1,500 a month. San Antonio and Arlington, meanwhile, feel like bargains at only $1,000 and $940, respectively.
If you're looking for a real bargain, however, you might want to move to Canyon, near Amarillo, where a two-bedroom apartment only costs $540.