Dallas, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Dallas, Texas rental market.
Dallas, Texas
Average Apartment Rent in February 2023
$1,577
Y-o-Y Change in Average
Apartment Rent
6.6%
Compared to a year ago, Dallas, Texas apartments have recorded a 6.6% rent increase.
Dallas, Texas |Average apartment rent trend
Dallas, Texas| Average apartment rent
Dallas, Texas | Apartment rent ranges
At 43.67%, apartments priced $1,000 - $1,500 represent the bulk of Dallas, Texas rentals, while condos priced Under $500 hold the lowest share of the market – 0.05%.
Dallas, Texas | Housing tenure**
Renters take up 59% of Dallas, Texas real estate, occupying a total of 307,837 units, while homeowners live in 216,661 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$45,047
Average household size of renter-occupied housing units**
2.33
Rental vacancy rate**
8.3%
Dallas, Texas | Renter-occupied housing units by no. of bedrooms**
There are 129,820 rentals in Dallas, Texas with 1 bed making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 7,795 units. Overall, the median number of rooms in Dallas, Texas homes for rent is 3.6.
Dallas, Texas |Renter-occupied units by age of householder**
Most condos for rent in Dallas, Texas are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Dallas, Texas | Renter-occupied housing units by family type**
Dallas, Texas | Renter-occupied housing units by the presence of own children**
A total of 143,002 apartments for rent in Dallas, Texas, or 46% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 88,060 units. All in all, the median size of a renter-occupied household in Dallas, Texas is 2.33.
Dallas, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Dallas, Texas.
Dallas, Texas | Renter-occupied units by year structure built**
The highest share of Dallas, Texas apartment rentals, namely 20% or 60,559 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (19%, 59,544 units), and the ones Built 1990 - 1999 (14%, 42,529 units).
Dallas, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Dallas, Texas renters (54%) moved in 2015 to 2016, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Dallas, Texas condos for rent is 2016.
Dallas, Texas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Dallas, Texas renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have No vehicle available.
Dallas, Texas | Means of transportation to work of householders living in renter-occupied housing units**
Dallas, Texas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Dallas, Texas | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Dallas, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
