Average Rent in Allen, TX

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Current Versus Historical Allen, TX Rents

Allen rentals average $0 for a 2-bedroom rental to $2,850 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $1 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $68 (-5.87%) year-over-year from $1,154 to $1,086. 1-bedroom rentals prices have increased by $437 (29.77%) year-over-year from $1,467 to $1,904. 2-bedroom rentals prices have increased by $507 (26.32%) year-over-year from $1,927 to $2,434. 3-bedroom rentals prices have increased by $103 (4.28%) year-over-year from $2,398 to $2,500. 4-bedroom rentals prices have decreased by $174 (-5.86%) year-over-year from $2,974 to $2,800. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 13.45% this month. 2-bedroom rents have gone up by 12.00% this month. 3-bedroom rents have gone up by 1.74% this month. 4-bedroom rents have gone down by 3.44% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
3 BR $1.37 $2,500 $2,398 (4.28%) $1,897 (31.81%)
4+ BR $1.16 $2,800 $2,974 (-5.86%) $2,417 (15.86%)

Historical Rents in Allen, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Allen

There are a total of 4 cities nearby Allen. The average rent in Allen is currently $2,635 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Princeton, TX, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Allen, TX is Plano, TX. Monthly rents here are on average $2,700 per month.

Let's compare Allen, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Allen, TX is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Allen, TX are about inf% more affordable. Finally, rent for three bedrooms are about 0.80% more affordable. Want more information? Check out the top 4 cities near Allen, TX in the following chart.
City Studio 1 Bed 2 Bed All
Princeton, TX N/A N/A N/A $2,100
McKinney, TX N/A $1,620 $1,983 $2,570
Frisco, TX $1,283 $1,352 $2,200 $2,699
Plano, TX $1,189 $1,318 $2,185 $2,700

Top Neighborhoods Near Allen



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Allen

Some of these counties include Princeton, TX, McKinney, TX, and Plano, TX. The average rent for rentals in these counties is $2,595. That's roughly around $1 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Princeton, TX. It's average rent per month is $2,100. Vice versa, with an average rent of $2,650, Plano, TX is the most expensive county by Allen, TX.

Typically, rent for studios in Allen, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Allen, TX is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Allen, TX is inf% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Princeton, TX N/A N/A N/A $2,100
McKinney, TX $1,283 $1,394 $2,000 $2,595
Plano, TX $1,259 $1,374 $2,217 $2,650

Top Zipcodes Near Allen

There are a total of 8 zipcodes in or near Allen, TX. The average rent for all of these zipcodes is $2,550. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75024, Plano, TX at $1,950 per month. In comparison, the zipcode with the most expensive average rent of $2,995 per month is 75035, Frisco, TX.

Meanwhile, two bedroom apartments will cost you an average of $850 per month. Which comes out to $1 per sqft. The following chart includes the top 8 zipcodes in Allen, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75070, McKinney, TX N/A $1,560 $2,300 $2,650
75035, Frisco, TX N/A N/A N/A $2,995
75024, Plano, TX $1,189 $1,321 $2,175 $1,950
75407, Princeton, TX N/A N/A N/A $2,099
75025, Plano, TX N/A N/A $2,250 $2,863
75098, Wylie, TX N/A N/A $1,700 $2,499
75002, Lucas, TX N/A N/A N/A $2,500
75023, Plano, TX N/A $1,125 N/A $2,600

Frequently Asked Questions - Allen Average Rents

What is the average rent price in Allen, TX?
The average monthly rental price for Allen, TX apartments for rent is approximately $2,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Allen, TX rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Allen, TX.
How much is a studio apartment in Allen, TX?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Allen.
How much is a one bedroom apartment in Allen, TX?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Allen.
How much is a two bedroom apartment in Allen, TX?
The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 two bedroom apartment listings currently available for rent in Allen.
How have rent prices in Allen, TX changed this year?
Rent prices for rentals in Allen, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.30%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Allen, TX?
A reasonable rent price in Allen, TX is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.
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