Your budget is $1,200 for monthly rental in a Dallas-Fort Worth apartment.
RENTCafé crunched the numbers to determine how much space they can rent for that amount in 109 Texas cities with a large apartment stock. Using Yardi Matrix data, the study highlighted cities where renters can get the most space for an amount close to the state’s average rent of $1,176.
For $1,200, you’ll get about 25 percent more apartment space in Texas than the 711-square-foot average in the 100 most-populous U.S. cities.
In Dallas, renters can get an average of 811 square feet for $1,200. In Fort Worth, you can score 883 square feet. As a comparison, the state average is 937 square feet.
The cities where you can get more space for the money were a close call. In Greenville, renters can get one additional square foot over second-place Balch Springs — 1,133 to 1,132. The two cities are also the ninth- and 10th-largest in Texas based on $1,200 monthly rent.
Flower Mound has the smallest space available in Texas with 704 square feet for the given amount. In Austin, $1,200 gets you 742 square feet.
For a deeper dive, visit RENTCafé for additional breakdowns and a calculator you can use to determine how much apartment you can rent on your budget.
RENTCafé also compiled a study to determine the places in Texas that offer the sweetest mix of luxury and amenities, larger spaces, good prices, and great locations.
Other Notable Reports
- National Housing Report for April 2021: Dallas-Fort Worth home sales have jumped 26 percent over the past year and home sales prices are up 17 percent, according to RE/MAX residential real estate firm’s National Housing Report for April 2021. The current median home sales price in D/FW is $335,00, up from $286,494 a year ago, and up from $323,995 a month ago. Last year, 23,023 homes were on the market in D/FW. This year, homes on the market number 7,860. Learn more.
- LendingTree: The median cost of renting a home is $619 a month less than paying for a home with a mortgage in the Dallas area, according to a study by mortgage lending firm LendingTree. The median monthly home rental cost in the Dallas area is $1,139 compared with a median homeownership expense of $1,759. Nationwide, the average cost of renting a home is $606 cheaper than owning one. Learn more.
