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Race To These Residences

Affordable price belies the awesome amenities at these Dallas condos

CultureMap Create
Sep 15, 2015 | 4:50 pm

Dallas, this is the latest in urban living: The Shelby Residences has just emerged from a complete renovation, resulting in 55 contemporary residences offering the best in urban, modern homeownership in the vibrant and up-and-coming University Crossing neighborhood.

Owners at The Shelby Residences take advantage of its location, which is just moments from downtown, Mockingbird Station, Lower Greenville, and the SMU campus. In the mood for a burger? Walk downstairs to Twisted Root Burger Co. Other dining options just steps away include Torchy’s Tacos, Bahn Shop, Nodding Donkey, and Barley House.

Fitness addicts can get their fix at Crossfit Dallas Central or CorePower Yoga, both within walking distance. Essential beauty services are just as convenient: Less than a half-mile down the road are Castle Nail Spa for regular mani/pedis and Pouf for makeup applications or blowouts.

The University Crossing neighborhood is so hot, in fact, that there are plans for a pedestrian bridge across Mockingbird Lane and an extension of the Katy Trail through the area. Construction of the bridge starts in October and is expected to wrap up in early 2017. This only scratches the surface of the millions of dollars being poured into this vibrant community.

As for the property itself, amenities abound, even before you set foot inside your condo. The Shelby Residences is flush with fresh, contemporary art, and owners can take advantage of a new Owners’ Lounge and the lush rooftop terrace with fire pits, comfy seats, gas grills, and dining spaces. The condo complex also features a fitness center and a “barking lot” to accommodate friends of the four-legged variety.

Once inside, it’s easy to see that The Shelby Residences are at the forefront of design trends, with Puccini porcelain wood flooring, quartz countertops, and stainless appliances. Properties also include ensuite laundry, walk-in closets, views of downtown, and lots of added storage space.

Perhaps the best part of owning a condo at The Shelby Residences, however, is the price: One- and two-bedroom homes currently start in the low $200,000s.

“With the open concept interior layouts and breathtaking views of downtown Dallas and the beautiful SMU campus, you will be hard pressed to find a like-new building in this area at this price point,” says Brent Halvorson, vice president of the Marquis Group, which owns The Shelby Residences. “We feel that it is a great option for Dallas professionals, SMU graduate students, SMU alumni, and faculty ready to own.”

Stop by The Shelby Residences’ open house on Wednesday, September 16, to see it all for yourself. To get more information, visit the website or call one of the sales specialists at 817-733-4869.

The 55 units at The Shelby Residences start in the low $200,000s.

The Shelby Residences
Photo courtesy of The Shelby Residences
The 55 units at The Shelby Residences start in the low $200,000s.
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renter report

This is how dramatically Dallas rent prices have dropped since last year

Amber Heckler
Aug 27, 2026 | 1:45 pm
Apartment building
Photo by Malcolm Shadrach on Unsplash
Rent is falling in Texas as a whole, with Dallas among the top three cities with the biggest declines in August.

A new Zumper rent report has revealed that Texas is leading the nation in annual rent declines since 2025, and Dallas rent prices have fallen as much as 13 percent since last August.

Zumper's monthly report analyzes one- and two-bedroom rent prices from the previous month across 100 U.S. cities, and tracks one-month and year-over-year changes.

Austin, Houston, and Dallas, respectively, locked out the top three cities where one-bedroom rent prices have plummeted more than anywhere else in the country.

A one-bedroom apartment in Dallas had a $1,270 monthly rent price in August, down 13 percent since this time last year. Two-bedroom units were 13.4 percent cheaper than they were a year ago and now sit at $1,810 per month.

The reports findings show a similar pattern across Texas' biggest metros as "elevated multifamily supply" was "absorbed through the boom years." Renters currently have the advantageous opportunity to negotiate lower rent from their landlords, according to Zumper CEO Shawn Mullahy.

"Texas is showing exactly what happens when supply materially outruns demand," Mullahy said. "Austin, Houston and Dallas added enormous amounts of inventory, and renters now have leverage because owners are competing to fill it. That won’t reverse until enough of that supply is absorbed."

Elsewhere in the Dallas-area, rent prices for a one-bedroom unit in Plano have dipped 7.1 percent since last year to $1,310. Single-bedroom units in Irving are renting for $1,210 a month, or 4.7 percent lower than they were the year before.

Across town in Fort Worth and Arlington, one-bedroom units had a monthly asking price of $1,160 and $1,080 in August. Arlington's one-bedroom rent price is unchanged from 2025, and Fort Worth's is down 3.3 percent.

This is how much it cost for a two-bedroom unit across DFW in August, compared to the previous year:

  • Plano: $1,920 per month, down 3.5 percent
  • Irving: $1,620 per month, down 4.7 percent
  • Fort Worth: $1,530 per month, down 5.5 percent
  • Arlington: $1,460 per month, down 2.8 percent

Rent prices across Texas
Austin tops the U.S. with the steepest decline in both one- and two-bedroom rent prices in August. A one-bedroom unit in Texas' capital city had a $1,260 monthly price, down 16.6 percent from August 2025. Rent for a two-bedroom unit declined even further, by 19.1 percent, to $1,610 per month.

One-bedroom apartments in Houston weren't far behind. Rent for a single-bedroom unit dipped 14.6 percent year-over-year to $1,050, and the price for a two-bedroom unit fell 5.4 percent to $1,400.

In San Antonio, single-bedroom rent prices fell 8.6 percent to $960 per month, and two-bedroom rent declined by 4.5 percent to $1,260.

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