RENT'S DUE

Rent in this Dallas-Fort Worth city increased nearly 15 percent from 2022

Zumper ranked Irving the No. 34 most expensive rental market in the United States.

Photo courtesy of Simpson Property Group

Apartment rent keeps going up in the Dallas-Fort Worth area, and none more so than in Irving, where renters pay nearly 15 percent more than they did last year, making it increasingly difficult to afford living in the city. That’s according to a new national rent report from online rental marketplace Zumper.

Irving topped the list of rent increases among DFW cities.

Despite rent increases showing a small slowdown month-over-month, overall prices are still on the high side from the previous year. For example, the average rent for a two-bedroom apartment in Irving is $1,930 now, in March of 2023, which is a half percent increase from the previous month, but a staggering 14.9 percent increase from 2022. The average rent for a one-bedroom is $1,520, which is a mere 2 percent increase month-over-month, but also a whopping 14.3 percent increase from last year.

The report looked at rental data from more than 1 million active listings in the top 100 cities in the United States to determine the rankings. Zumper ranked Irving the No. 34 most expensive rental market across the nation in February of 2023, up two places from the last report.

The report attributes these recent rental increase trends to the nation's rising inflation rate and unpredictable economy. Though unemployment is low (less than 3.4 percent), potential homebuyers are being sidelined with increasing interest rates. This is causing more competition among renters all over the country.

“Many markets continue to either normalize or correct following the steep increases in rent seen in 2021 [and 2022] in the zero interest rate [and] QE environment we went through,” said Zumper CEO Anthemos Georgiades in the report. “With interest rates expected to rise further in 2023, we anticipate continued deceleration in rent rises as new household formation freezes or is at least postponed.”

Just two places down the list from Irving is Dallas, coming in as the No. 36 most expensive rental market, which is a three-place increase from a previous report. Average rent for a one-bedroom apartment stayed relatively flat over the last month, at $1,500, yet is still 4.2 percent higher than it was last year. Two-bedroom apartments saw a smaller year-over-year increase at 4.6 percent, with the average rent price at $2,030.

Plano comes in at No. 40, Fort Worth at No. 55, and Arlington at No. 67.

Several cities in the DFW metro area also made the list, as well as Austin (No. 25), San Antonio (No. 66) and El Paso (No. 95). Most notably, Houston (No. 51) is experiencing a nearly 11 percent year-over-year rent increase for both one- and two-bedroom apartments.

The nine total Texas cities that made the list include:

No. 25 – Austin
No. 34 – Irving
No. 36 – Dallas
No. 40 – Plano
No. 51 – Houston
No. 55 – Fort Worth
No. 66 – San Antonio
No. 67 – Arlington
No. 95 – El Paso

The full data from Zumper’s National Rent Report can be found at zumper.com.

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renter report

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

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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RENT'S DUE

Rent in this Dallas-Fort Worth city increased nearly 15 percent from 2022

renter report

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

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