Prosper, 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 Prosper, Texas rental market.
Prosper, Texas
Average Apartment Rent
$1,788
Y-o-Y Change in Average
Apartment Rent
-4.4%
As of May 2026
Compared to a year ago, Prosper, Texas apartments have recorded a -4.4% rent decrease.
Prosper, Texas Average apartment rent trend
Prosper, Texas Average Apartment Rent
Prosper, Texas Apartment rent ranges
At 35.59%, apartments priced $1,000 - $1,500 represent the bulk of Prosper, Texas rentals, while condos priced Over $3,000 hold the lowest share of the market – 3.19%.
Prosper, Texas Housing tenure**
Renters take up 11% of Prosper, Texas real estate, occupying a total of 1,004 units, while homeowners live in 8,067 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$86,012
Average household size of renter-occupied housing units**
3.01
Rental vacancy rate**
8.6%
Prosper, Texas Renter-occupied housing units by no. of bedrooms**
There are 301 rentals in Prosper, Texas with 2 beds making up the highest share of the market, at 30%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 24 units. Overall, the median number of rooms in Prosper, Texas homes for rent is 4.4.
Prosper, Texas Renter-occupied units by age of householder**
Most condos for rent in Prosper, Texas are occupied by residents in the 35 - 44 years age group (40%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Prosper, Texas Renter-occupied housing units by family type**
Prosper, Texas Renter-occupied housing units by the presence of own children**
A total of 731 apartments for rent in Prosper, Texas, or 73% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 453 units. All in all, the median size of a renter-occupied household in Prosper, Texas is 3.01.
Prosper, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Prosper, Texas.
Prosper, Texas Renter-occupied units by year structure built**
The highest share of Prosper, Texas apartment rentals, namely 45% or 456 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (37%, 367 units), and the ones Built 1990 - 1999 (7%, 66 units).
Prosper, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Prosper, Texas renters (49%) moved in 2018 to 2020, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Prosper, Texas condos for rent is 2019.
Prosper, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Prosper, Texas renters have 2 vehicles available per household, 40% of them have 1 vehicle available, and 7% have 3 vehicles available.
Prosper, Texas Means of transportation to work of householders living in renter-occupied housing units**
Prosper, 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 Prosper, 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
