Lake 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 Lake Dallas, Texas rental market.
Lake Dallas, Texas
Average Apartment Rent
$1,646
Y-o-Y Change in Average
Apartment Rent
-9.6%
As of May 2026
Compared to a year ago, Lake Dallas, Texas apartments have recorded a -9.6% rent decrease.
Lake Dallas, Texas Average apartment rent trend
Lake Dallas, Texas Average Apartment Rent
Lake Dallas, Texas Apartment rent ranges
At 41.95%, apartments priced $1,000 - $1,500 represent the bulk of Lake Dallas, Texas rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.16%.
Lake Dallas, Texas Housing tenure**
Renters take up 27% of Lake Dallas, Texas real estate, occupying a total of 793 units, while homeowners live in 2,092 properties.
Median number of rooms of renter-occupied housing units**
3.7
Average household size of renter-occupied housing units**
2.35
Rental vacancy rate**
7.5%
Lake Dallas, Texas Renter-occupied housing units by no. of bedrooms**
There are 364 rentals in Lake Dallas, Texas with 1 bed making up the highest share of the market, at 46%. Units with 3 beds, on the other hand, hold the lowest percentage (12%), amounting to 95 units. Overall, the median number of rooms in Lake Dallas, Texas homes for rent is 3.7.
Lake Dallas, Texas Renter-occupied units by age of householder**
Most condos for rent in Lake Dallas, Texas are occupied by residents in the 35 - 44 years age group (40%), followed by those in the 25 - 34 years age group (30%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Lake Dallas, Texas Renter-occupied housing units by family type**
Lake Dallas, Texas Renter-occupied housing units by the presence of own children**
A total of 634 apartments for rent in Lake Dallas, Texas, or 80% of all rentals are family households. Additionally, 52% of rental homes include children under the age of 18 – that’s 412 units. All in all, the median size of a renter-occupied household in Lake Dallas, Texas is 2.35.
Lake Dallas, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 41% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Lake Dallas, Texas.
Lake Dallas, Texas Renter-occupied units by year structure built**
The highest share of Lake Dallas, Texas apartment rentals, namely 41% or 328 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (37%, 294 units), and the ones Built 1970 - 1979 (10%, 82 units).
Lake Dallas, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Lake Dallas, Texas renters (66%) moved in 2018 to 2020, while only 2% of them moved in 2021 or later. Overall, the median year renters have occupied their Lake Dallas, Texas condos for rent is 2019.
Lake Dallas, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 75% of Lake Dallas, Texas renters have 2 or more vehicles available per household, 20% of them have 1 vehicle available, and 4% have No vehicle available.
Lake Dallas, Texas Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 75% of Lake Dallas, Texas renters have 2 or more vehicles available per household, 20% of them have 1 vehicle available, and 4% have No vehicle available.
Lake Dallas, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Lake 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, 2022 American Community Survey 5-Year Estimates
