Rental Rumblings
This Dallas ZIP code has the third most expensive rent in Texas
Move over, 90210. The most expensive ZIP codes in the Lone Star State will give you a run for your money. According to a new report from rental website RentCafe, based on data from Yardi Matrix, you have to shell out more than $2,100 a month to rent an apartment in the priciest area of Dallas. In fact, Big D is home to two of the five most expensive ZIPs in Texas.
So what are the most expensive ZIP codes in Texas?
No. 1: 78701, Austin
Everything is going up in downtown Austin — the prices and condos are literally reaching for the stars. Want to live above the fray? $2,475 a month will get you an apartment and a front row seat to SXSW.
No. 2: 78703, Austin
Austin's upscale 78703 encompasses Tarrytown, Old West Austin, and a sliver of downtown. It comes in at No. 2 with an average apartment rent of $2,393.
No. 3: 75225, Dallas
Dallas’ red-hot rental market is no joke either. Rents in University Park have reached $2,188, making it the third most expensive in Texas.
No. 4: 78705, Austin
Proximity to the University of Texas is great, but it’ll cost you. The average apartment rent these days in West Campus? $2,102 a month. Fret not, students, you can shack up with (many) friends.
No. 5: 75201, Dallas
Downtown Dallas is starting to make a comeback, and the prices prove it. Rent in the area comes in just below the $2,000 mark at $1,907 a month.
Good news is on the horizon, though. Rent growth across the nation is slowing down, says RentCafe, and average rents are slipping, even in the most notoriously pricey markets.
