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They come, we build

Dallas-Fort Worth dethrones NYC as the nation's No. 1 spot for new apartments

Johnathan Silver
Sep 6, 2019 | 12:10 pm
LVL 29 Plano apartment
LVL 29 in Plano is one of the many new apartment options in Dallas-Fort Worth.
Rendering courtesy of LVL 29

It’s not all in your head. Those new apartments you spotted on your way to work probably did just pop up — and it’s happening in big numbers in DFW and around the state, according to a new study.

RentCafe estimates 22,196 new apartments will be built in the Dallas-Fort Worth metro area by the end of 2019 — by far the highest number in the country. Seattle makes for a distant second with 13,682 new units, followed by New York City, which was No. 1 in 2018, with 13,418 units planned for this year.

And these aren’t vanity projects. With more than 80,000 new residents calling the Metroplex home for the fifth year in a row, we need all the apartments we can get.

Fort Worth slightly leads the metro in terms of projected new apartment units at 3,875, compared to Dallas’ 3,859. Estimates are based on market data from Yardi Matrix, a software company that tracks multifamily properties in 133 U.S. markets.

Here are the biggest shares of new apartments expected in DFW:

  • Fort Worth – 3,875 units
  • Dallas – 3,859 units
  • Frisco – 2,548 units
  • Farmers Branch – 1,537 units
  • Richardson – 1,423 units
  • Euless – 838 units
  • Grapevine – 821 units
  • McKinney – 564 units
  • Plano – 483 units
  • Irving – 377 units
  • Waxahachie – 325 units

Most of Texas is booming, too. At No. 5 on RentCafe’s list is Austin, with 10,783 new units expected by the end of the year. No. 10 Houston is expected to bring 7,143 new units to the region, with about half rising just within the city of Houston. Meanwhile, 3,510 new units will be built in San Antonio, a steep decline of 41 percent from the 5,993 units built there in 2018.

Unlike the Lone Star State, the nation as a whole is seeing a slump in apartment construction. The 299,442 new apartments expected in 2019 represent an 8.2 percent drop from 2018’s 326,240 new units, which also were weaker numbers than in 2017, when 331,765 new apartments were built.

lists reports rent rankings
news/real-estate

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
real estate rent rent prices apartments affordability reports
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