Average Rent in Central Dallas, Dallas, TX

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Current Versus Historical Central Dallas, Dallas, TX Rents

Central Dallas rentals average $1,863 for a studio rental to $5,997 for a 4-bedroom rental. The median price of all currently available listings is $2,595, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $102 (6.93%) year-over-year from $1,478 to $1,580. 1-bedroom rentals prices have decreased by $242 (-13.16%) year-over-year from $1,837 to $1,595. 2-bedroom rentals prices have decreased by $140 (-4.73%) year-over-year from $2,965 to $2,825. 3-bedroom rentals prices have increased by $125 (2.81%) year-over-year from $4,450 to $4,575. 4-bedroom rentals prices have decreased by $525 (-8.05%) year-over-year from $6,522 to $5,997. 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 2.96% this month. 1-bedroom rents have gone down by 12.23% this month. 2-bedroom rents have gone down by 8.65% this month. 3-bedroom rents have gone down by 17.88% this month. 4-bedroom rents have gone up by 6.79% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.72 $1,580 $1,478 (6.93%) $1,417 (11.50%)
1 BR $2.01 $1,595 $1,837 (-13.16%) $1,628 (-2.00%)
2 BR $2.06 $2,825 $2,965 (-4.73%) $2,511 (12.52%)
3 BR $2.02 $4,575 $4,450 (2.81%) $3,748 (22.07%)
4+ BR $2.21 $5,997 $6,522 (-8.05%) $4,411 (35.96%)

Historical Rents in Central Dallas, Dallas, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Central Dallas

There are a total of 29 cities nearby Central Dallas. The average rent in Central Dallas is currently $2,388 per month. A total of 20 cities nearby have an average rent lower than that. Our records show that Addison, TX, with an average rent of $1,545, is the most affordable city nearby. In contrast, the most expensive city near Central Dallas, Dallas, TX is University Park, TX. Monthly rents here are on average $5,100 per month.

Let's compare Central Dallas, Dallas, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Central Dallas, Dallas, TX is 10.07% more expensive than other cities nearby. One bedrooms are about 24.56% more expensive. Two bedrooms in Central Dallas, Dallas, TX are about 44.72% more expensive. Finally, rent for three bedrooms are about 43.31% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near Central Dallas, Dallas, TX in the following chart.
City Studio 1 Bed 2 Bed All
Addison, TX $1,182 $1,465 $2,168 $1,545
Farmers Branch, TX N/A $1,470 $2,081 $1,576
Mesquite, TX $350 N/A N/A $2,100
Garland, TX $2,500 $1,163 $1,513 $2,100
Dallas, TX $1,750 $1,350 $2,350 $2,325
Richardson, TX $3,270 $1,544 $2,192 $2,391
Lancaster, TX N/A N/A N/A $2,450
Carrollton, TX $2,338 $1,549 $2,100 $2,645
Irving, TX $3,000 $1,613 $2,125 $2,725
University Park, TX N/A N/A $2,950 $5,100

Top Neighborhoods Near Central Dallas

There are a total of 4 neighborhoods in or near Central Dallas. Some of these neighborhoods include Old East Dallas, Lake Highlands, and Downtown Fort Worth. We've included all of these top 4 neighborhoods in or near Central Dallas, Dallas, TX in the following chart.

The average rent for these 4 neighborhoods in or near Central Dallas, Dallas, TX is currently around $1,630 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Central Dallas, Old East Dallas has the most affordable average rent at $1,300 per month. Whereas, at $3,200 average rent per month, Oak Lawn is the most expensive neighborhood in or near Central Dallas. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Old East Dallas, Dallas, TX $4,325 $1,250 $1,700 $1,300
Lake Highlands, Dallas, TX $609 $1,125 $1,475 $1,420
Downtown Fort Worth, Fort Worth, TX N/A $1,689 $2,642 $1,839
Oak Lawn, Dallas, TX $1,650 $2,074 $3,800 $3,200

Top Counties Near Central Dallas

There are a total of 4 counties located by Central Dallas, Dallas, TX. Some of these counties include Northeast Dallas, Dallas, TX, Arlington, TX, and Northeast Rockwall, TX. The average rent for rentals in these counties is $2,395. That's roughly around $1 per sqft. A total of 16 counties have a lower average rent. The county that is the most affordable is Greenville, TX. It's average rent per month is $1,675. Vice versa, with an average rent of $2,918, Celina, TX is the most expensive county by Central Dallas, Dallas, TX.

Typically, rent for studios in Central Dallas, Dallas, TX is 7.92% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Central Dallas, Dallas, TX is 20.62% more expensive than other counties nearby. Finally, rent for two bedrooms in Central Dallas, Dallas, TX is 40.05% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Northeast Dallas, Dallas, TX $1,613 $1,395 $2,200 $2,200
Arlington, TX $1,700 $1,295 $1,485 $2,200
Northeast Rockwall, TX $23 N/A $1,837 $2,295
Southwest Dallas, TX $2,000 $1,420 $1,850 $2,350
Forney, TX $18 N/A N/A $2,395
Northeast Tarrant, TX $2,480 $1,205 $1,560 $2,395
Plano, TX $1,363 $1,361 $2,164 $2,535
Lewisville-Flower Mound, TX $1,629 $925 $2,200 $2,600
Carrollton, Lewisville, TX $2,600 $1,554 $2,134 $2,700
The Colony, TX $2,900 N/A $2,800 $2,900

Top Zipcodes Near Central Dallas

There are a total of 42 zipcodes in or near Central Dallas, Dallas, TX. The average rent for all of these zipcodes is $2,399. A total of 34 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75243, Dallas, TX at $1,215 per month. In comparison, the zipcode with the most expensive average rent of $3,850 per month is 75205, Highland Park, TX.

Studios in these zipcodes have an average rent of $1,488. That's at least $0 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Central Dallas, Dallas, TX is $974 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,982 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Central Dallas, Dallas, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75204, Dallas, TX $1,700 $1,459 $2,950 $2,500
75206, Dallas, TX $1,095 $1,095 $2,498 $2,198
75219, Dallas, TX $1,650 $1,400 $2,400 $2,123
75205, Highland Park, TX $1,925 $1,750 $3,750 $3,850
75214, Dallas, TX $2,999 $1,275 $2,173 $1,799
75208, Dallas, TX $1,213 $1,513 $2,195 $1,827
75243, Dallas, TX $17 $1,050 $1,448 $1,215
75234, Farmers Branch, TX $1,475 $1,470 $2,081 $1,564
75001, Addison, TX $1,182 $1,465 $2,155 $1,545
75052, Grand Prairie, TX N/A N/A $1,675 $2,445

Frequently Asked Questions - Central Dallas Average Rents

What is the average rent price in Central Dallas, Dallas, TX?
The average monthly rental price for Central Dallas, Dallas, TX apartments for rent is approximately $2,595. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Central Dallas, Dallas, 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 Central Dallas, Dallas, TX.
How much is a studio apartment in Central Dallas, Dallas, TX?
The average monthly rental price for studio apartments is $1,863 and an average price per square feet of $2.72. There are a total of 40 studio apartment listings currently available for rent in Central Dallas.
How much is a one bedroom apartment in Central Dallas, Dallas, TX?
The average monthly rental price for one bedroom apartments is $1,452 and an average price per square feet of $2.01. There are a total of 162 one bedroom apartment listings currently available for rent in Central Dallas.
How much is a two bedroom apartment in Central Dallas, Dallas, TX?
The average monthly rental price for two bedroom apartments is $3,075 and an average price per square feet of $2.06. There are a total of 187 two bedroom apartment listings currently available for rent in Central Dallas.
How have rent prices in Central Dallas, Dallas, TX changed this year?
Rent prices for rentals in Central Dallas, Dallas, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.07%, one bedroom rental prices have changed by -0.13%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.03% year-over-year.
What is a reasonable rent price in Central Dallas, Dallas, TX?
A reasonable rent price in Central Dallas, Dallas, TX is around $2,076/month. You can search for these reasonably priced rental listings on RentHop.
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