We will be serving French 75, the drink that got me in trouble last week — KIDDING! No, we are going to let our hair down, maybe even go curly, so do pop over for a look/see at the most luxurious apartment living in Dallas du jour. I hear the views are to die for…
These new stats just crossed my desk from my friend Andrew at ApartmentList, so I’ll share. I mean, compared to Plano, Dallas is almost a friggin’ bargain! (ALMOST!)
In Dallas, rent prices grew by 0.1% between May and June, and are up 5.8% over last year. The median rent for a 1-bedroom in Dallas is $1,230, while a 2-bedroom costs $1,590.
Plano is the only Dallas metro more expensive than Dallas itself
- Plano: Other than Dallas itself, Plano has the highest rents within the Dallas metro, with a median 2-bedroom price of $1,530. Rents in Plano have increased by 6.7% over the past year.
- Irving: Irving comes in 4th most expensive rents, with a median 2-bedroom price of $1,300. Irving has a 1-bedroom median of $980, and has grown year-over-year by 7.9%.
- Garland: Garland places 7th for most expensive Dallas rents. A 2-bedroom in Garland costs $1,050, while 1-bedrooms go for $810. Rents there have also increased by 7.7% in the past year, although they’re down by 0.1% in the past month.
Grand Prairie shows the highest rent growth
- Grand Prairie: (median 2-bedroom rent $1,040) shows the largest rent increase of any Dallas metro with rents 8.2% higher than they were last year. Grand Prairie rents increased by 0.1% from May to June.
- Carrollton: Just behind Grand Prairie, Carrollton (median 2-bedroom $1,200) places 2nd for highest rent increases. Rents there have grown by 8.1% from June 2015 to June 2016, but show no growth over the past month. A 1-bedroom in Carrollton costs $950.
- Mesquite: Mesquite comes in 6th for rent increases, showing 6.5% growth over last year. A 2-bedroom in Mesquite has a median rent of $940 while a 1-bedroom goes for $830.
