Irving, 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 Irving, Texas rental market.
Highlights
An apartment for rent in Irving, Texas typically goes for $1,512 per month, while a single-family home for rent in Irving, Texas has a monthly cost of around $2,346. Renter-occupied units make up 63% of the local housing market, while the rental vacancy rate in Irving, Texas is at 6.6.
Irving, Texas
Average Apartment Rent
$1,512
Y-o-Y Change in Average
Apartment Rent
-0.8%
Average Single-Family Rent
$2,346
As of November 2024
Compared to a year ago, Irving, Texas apartments have recorded a -0.8% rent decrease.
Irving, Texas Average apartment rent trend
Irving, Texas Average Apartment Rent
Irving, Texas Apartment rent ranges
At 51.46%, apartments priced $1,000 - $1,500 represent the bulk of Irving, Texas rentals, while condos priced Under $500 hold the lowest share of the market – 0.01%.
Irving, Texas Housing tenure**
Renters take up 63% of Irving, Texas real estate, occupying a total of 58,332 units, while homeowners live in 34,488 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$66,688
Average household size of renter-occupied housing units**
2.5
Rental vacancy rate**
6.6%
Irving, Texas Renter-occupied housing units by no. of bedrooms**
There are 24,167 rentals in Irving, Texas with 1 bed making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 1,214 units. Overall, the median number of rooms in Irving, Texas homes for rent is 3.6.
Irving, Texas Renter-occupied units by age of householder**
Most condos for rent in Irving, Texas are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (26%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Irving, Texas Renter-occupied housing units by family type**
Irving, Texas Renter-occupied housing units by the presence of own children**
A total of 33,833 apartments for rent in Irving, Texas, or 58% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 20,313 units. All in all, the median size of a renter-occupied household in Irving, Texas is 2.5.
Irving, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Irving, Texas.
Irving, Texas Renter-occupied units by year structure built**
The highest share of Irving, Texas apartment rentals, namely 27% or 15,501 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (19%, 11,368 units), and the ones Built 1970 - 1979 (14%, 8,423 units).
Irving, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Irving, Texas renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Irving, Texas condos for rent is 2018.
Irving, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Irving, Texas renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 7% have No vehicle available.
Irving, Texas Means of transportation to work of householders living in renter-occupied housing units**
Irving, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Irving, 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 Irving, 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
