In the past three months, rental prices in the Dallas area have shown slight decreases for studios, one-bedroom, and two-bedroom units, while prices for three-bedroom units have increased slightly. The price reductions are likely due to a seasonal slowdown for move-ins during the holidays and low inventory of larger units driving up prices for three-bedroom apartments. The rental market in Dallas is expected to continue growing in 2024, with strong demand and rising prices due to higher home prices and mortgage rates pushing potential buyers to rent. This trend is especially noticeable among young professionals. The current median rent for apartments in Dallas is $1,550, which remains flat compared to the previous year and is 11 percent lower than the national average.

Apartment Options

Below are some recent listing examples.

Ventana Ridge

• Studio/1ba
• Sq Ft: 603
• Rent: $1,113

The Arts Apartments

• 1bed/1ba
• Sq Ft: 786
• Rent: $1,650

Bell Katy Trail

• 2bed/2ba
• Sq Ft: 1,041
• Rent: $3,140

The Village Apartments

• 3bed/2ba
• Sq Ft: 1,283
• Rent: $3,264

(Data sourced from Apartments.com)

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