Grapevine, 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 Grapevine, Texas rental market.
Highlights
An apartment for rent in Grapevine, Texas typically goes for $1,717 per month, while a single-family home for rent in Grapevine, Texas has a monthly cost of around $3,130. Renter-occupied units make up 47% of the local housing market, while the rental vacancy rate in Grapevine, Texas is at 2.9.
Grapevine, Texas
Average Apartment Rent
$1,717
Y-o-Y Change in Average
Apartment Rent
-2.6%
Average Single-Family Rent
$3,130
As of November 2024
Compared to a year ago, Grapevine, Texas apartments have recorded a -2.6% rent decrease.
Grapevine, Texas Average apartment rent trend
Grapevine, Texas Average Apartment Rent
Grapevine, Texas Apartment rent ranges
At 40.7%, apartments priced $1,500 - $2,000 represent the bulk of Grapevine, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.18%.
Grapevine, Texas Housing tenure**
Renters take up 47% of Grapevine, Texas real estate, occupying a total of 10,034 units, while homeowners live in 11,349 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$72,813
Average household size of renter-occupied housing units**
2
Rental vacancy rate**
2.9%
Grapevine, Texas Renter-occupied housing units by no. of bedrooms**
There are 3,843 rentals in Grapevine, Texas with 1 bed making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 192 units. Overall, the median number of rooms in Grapevine, Texas homes for rent is 3.6.
Grapevine, Texas Renter-occupied units by age of householder**
Most condos for rent in Grapevine, Texas are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 45 - 54 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Grapevine, Texas Renter-occupied housing units by family type**
Grapevine, Texas Renter-occupied housing units by the presence of own children**
A total of 3,986 apartments for rent in Grapevine, Texas, or 40% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 2,090 units. All in all, the median size of a renter-occupied household in Grapevine, Texas is 2.
Grapevine, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 47% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Grapevine, Texas.
Grapevine, Texas Renter-occupied units by year structure built**
The highest share of Grapevine, Texas apartment rentals, namely 26% or 2,610 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (20%, 2,034 units), and the ones Built 2010 - 2019 (19%, 1,871 units).
Grapevine, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Grapevine, Texas renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Grapevine, Texas condos for rent is 2019.
Grapevine, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Grapevine, Texas renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 8% have No vehicle available.
Grapevine, Texas Means of transportation to work of householders living in renter-occupied housing units**
Grapevine, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Grapevine, 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 Grapevine, 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, 2022 American Community Survey 5-Year Estimates
