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    Deep Ellum News

    Novel apartment complex preps for opening on south edge of Deep Ellum

    Shelby Skrhak
    Oct 23, 2019 | 10:33 am
    Novel Deep Ellum
    It replaces what used to be a low-slung single-story tan brick industrial building.
    Photo courtesy of Novel

    Coming off the completion of Novel Bishop Arts, developer Crescent Communities is now leasing Novel Deep Ellum, a new 7-story living and entertainment complex at 2900 Canton St. near Malcolm X Boulevard.

    The new building replaces a block-long one-story industrial building, and will be home to 231 one- and two-bedroom rental apartments ranging from $1,405 to $3,624 a month. The original opening was slated for November or December of 2019, although a spokesperson says that date may be moved to early 2020.

    Novel Deep Ellum will feature art by local artists, ground-floor food and beverage options, and a rooftop pool and lounge.

    It joins a host of new and coming soon rental options in booming Deep Ellum, but what sets them apart is their community-based approach to development.

    For Novel Bishop Arts, located at Davis Street and Zang Boulevard, Crescent Communities leaders met with North Oak Cliff residents to solicit their feedback and give them an inside track to what was coming to their neighborhood. With 302 units, two dog parks, killer amenities, and well-designed community spaces, Novel Bishop Arts is 90 percent leased.

    "After working with the dynamic Bishop Arts community, we are excited to continue our expansion in Dallas," says Peter Petricca, Managing Director at Crescent Communities. "Deep Ellum is a unique neighborhood full of art, music, energy, food and entertainment, and I believe Novel Deep Ellum embodies all these things to be the residential heart of the area."

    The North Carolina-based developer has a series of Novel communities all over, including Dallas, Houston, Atlanta, Charlotte, Tampa, Orlando, D.C., and more in the works in Denver, Phoenix, and Nashville. The concept of Novel is about finding the character of the neighborhood and then building the property around it.

    In Charlotte’s hip NoDa neighborhood, you’ll find stylized art of Davie Bowie and Prince in its community spaces, as opposed to glittering contemporary chandeliers and elegant gold fixtures in Charlotte’s Novel Stonewall Station community. At D.C. South Capitol, there’s a midcentury vibe with bright brass accents versus Tampa’s Riverwalk, which features a more tropical look with wood, wicker, and bright colors.

    Novel Deep Ellum will have an edgy vibe to match the neighborhood. According to its leasing page, "you can immerse yourself in a place that celebrates the daily adventure, delights in the unconventional and doesn’t shy away from making a statement every now and then. Because around here, we're just like you — Perfectly Off Center."

    --------------

    A version of this story originally appeared on CandysDirt.com.

    deep-ellum
    news/real-estate

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    rent report

    2 Dallas suburbs have the highest rents in DFW right now, report finds

    Amber Heckler
    Dec 3, 2025 | 5:11 pm
    SkyHouse Dallas apartments
    Photo courtesy of Simpson Property Group
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    After American shoppers spent $11.5 billion on Black Friday this year, it's safe to say many people are watching their wallets this holiday season, including renters. And a new report is shedding light on the North Texas cities that are shelling out the most for their rent.

    Zumper's newest monthly rent report, released December 2, analyzed active listings from the previous month across all cities in the Dallas-Fort Worth Metroplex. It tracked the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

    Frisco and The Colony tied for having the highest rent prices in Dallas-Fort Worth in November. According to the study's findings, the median rent price for a single-bedroom apartment came out to $1,620 last month in both cities. In Frisco, that's $10 lower than what it cost for the same apartment in June.

    Frisco residents are expected to budget $3,491 for their holiday presents this year, WalletHub says, which means they might be watching their spending a lot more than other North Texas residents.

    For two-bedroom units, median rent prices in Frisco rose 3.3 percent from October to $2,200. A two-bedroom apartment in The Colony rose 0.9 percent month-over-month to $2,130.

    Grapevine's median rent prices were the third-priciest out of all cities in Dallas-Fort Worth. Zumper found that the median price for a one-bedroom apartment came out to $1,470, and two-bedroom units cost $1,840 in November.

    Dallas tied with Plano for the fourth-highest rents in the metro area, the report said. Single-bedroom units cost the same amount between both cities ($1,470) while two-bedroom units were more expensive in Dallas ($2,060) than in Plano ($2,030).

    For comparison, the price of one bedroom unit in Dallas was $30 cheaper in October, while two bedroom units cost $20 less than November's asking price. In September, asking rent for single-bedroom apartments added up to $1,480, while two bedroom units cost $2,100 per month.

    These are the median rent prices for one- and two-bedroom apartments across Dallas-Fort Worth:

    • Richardson – $1,420 for one-bedroom units; $1,750 for two-bedroom units
    • McKinney – $1,400 for one-bedroom units; $1,850 for two-bedroom units
    • Carrollton – $1,360 for one-bedroom units; $1,730 for two-bedroom units
    • Lewisville – $1,300 for one-bedroom units; $1,700 for two-bedroom units
    • Burleson – $1,250 for one-bedroom units; $1,620 for two-bedroom units
    • Weatherford – $1,240 for one-bedroom units; $1,370 for two-bedroom units
    • Irving – $1,220 for one-bedroom units; $1,650 for two-bedroom units
    • Fort Worth – $1,190 for one-bedroom units; $1,450 for two-bedroom units
    • Grand Prairie – $1,170 for one-bedroom units; $1,560 for two-bedroom units
    • North Richland Hills – $1,160 for one-bedroom units; $1,460 for two-bedroom units
    • Haltom City – $1,150 for one-bedroom units; $1,430 for two-bedroom units

    DFW cities with affordable rent compared to the statewide median
    Zumper found the statewide median rent for a one bedroom apartment came out to $1,126 last month.

    Cleburne had the most affordable rent for a one-bedroom unit in all of Dallas-Fort Worth, with median prices adding up to an even $1,000. The report also found that Cleburne's single-bedroom rent costs are 10.7 percent lower than they were a year ago. The median cost for a two-bedroom unit in Cleburne ($1,190) is 8.5 percent lower than it was in November 2024.

    Six more Dallas-Fort Worth cities had more affordable single-bedroom rent prices than the statewide median: Bedford ($1,110), Mesquite ($1,110), Hurst ($1,100), Denton ($1,090), Arlington ($1,080), and Benbrook ($1,020).

    dallasfort worthrentrent pricesreal estatehousing report
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