Average Rent in Deep Ellum, Dallas, TX

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Current Versus Historical Deep Ellum, Dallas, TX Rents

Deep Ellum rentals average $0 for a studio rental to $2,200 for a 2-bedroom rental. The median price of all currently available listings is $1,845, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $9,533 (649.83%) year-over-year from $1,467 to $11,000. 1-bedroom rentals prices have increased by $245 (15.79%) year-over-year from $1,550 to $1,795. 2-bedroom rentals prices have decreased by $112 (-4.41%) year-over-year from $2,550 to $2,438. 3-bedroom rentals prices have increased by $16 (0.39%) year-over-year from $4,118 to $4,134. 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 up by 138.38% this month. 1-bedroom rents have gone up by 6.68% this month. 2-bedroom rents have gone down by 5.61% this month. 3-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.24 $1,795 $1,550 (15.79%) $1,623 (10.61%)
2 BR $1.92 $2,438 $2,550 (-4.41%) $2,601 (-6.30%)

Historical Rents in Deep Ellum, Dallas, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Deep Ellum

There are a total of 31 cities nearby Deep Ellum. The average rent in Deep Ellum is currently $2,350 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Addison, TX, with an average rent of $1,535, is the most affordable city nearby. In contrast, the most expensive city near Deep Ellum, Dallas, TX is University Park, TX. Monthly rents here are on average $5,000 per month.

Let's compare Deep Ellum, Dallas, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Deep Ellum, Dallas, TX is inf% more affordable than other cities nearby. One bedrooms are about 35.77% more expensive. Two bedrooms in Deep Ellum, Dallas, TX are about 11.36% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 31 total cities near Deep Ellum, Dallas, TX in the following chart.
City Studio 1 Bed 2 Bed All
Addison, TX $1,231 $1,464 $2,199 $1,535
Farmers Branch, TX N/A $1,481 $2,103 $1,629
Mesquite, TX $475 N/A N/A $2,045
Garland, TX $2,700 $1,100 $1,515 $2,125
Richardson, TX $3,140 $1,499 $2,138 $2,300
Dallas, TX $1,800 $1,350 $2,399 $2,350
Lancaster, TX N/A N/A N/A $2,450
Carrollton, TX $2,338 $1,550 $2,100 $2,595
Irving, TX $2,675 $1,613 $1,999 $2,798
University Park, TX N/A $2,025 $3,075 $5,000

Top Neighborhoods Near Deep Ellum

There are a total of 4 neighborhoods in or near Deep Ellum. 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 Deep Ellum, Dallas, TX in the following chart.

The average rent for these 4 neighborhoods in or near Deep Ellum, Dallas, TX is currently around $1,657 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 Deep Ellum, Old East Dallas has the most affordable average rent at $1,275 per month. Whereas, at $3,000 average rent per month, Oak Lawn is the most expensive neighborhood in or near Deep Ellum. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Old East Dallas, Dallas, TX $1,145 $1,200 $1,595 $1,275
Lake Highlands, Dallas, TX $1,200 $1,095 $1,485 $1,475
Downtown Fort Worth, Fort Worth, TX N/A $1,689 $2,642 $1,839
Oak Lawn, Dallas, TX $1,650 $2,075 $3,629 $3,000

Top Counties Near Deep Ellum

There are a total of 4 counties located by Deep Ellum, Dallas, TX. Some of these counties include Midlothian, TX, Northeast Dallas, Dallas, TX, and Arlington, TX. The average rent for rentals in these counties is $2,395. That's roughly around $1 per sqft. A total of 2 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 $2,925, The Colony, TX is the most expensive county by Deep Ellum, Dallas, TX.

Typically, rent for studios in Deep Ellum, Dallas, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Deep Ellum, Dallas, TX is 25.01% more expensive than other counties nearby. Finally, rent for two bedrooms in Deep Ellum, Dallas, TX is 13.01% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Midlothian, TX N/A N/A $1,595 $1,795
Northeast Dallas, Dallas, TX $1,500 $1,399 $2,255 $2,197
Arlington, TX $1,650 $1,297 $1,537 $2,200
Southwest Dallas, TX $2,000 $1,440 $1,878 $2,350
Northeast Tarrant, TX $2,300 $1,205 $1,560 $2,395
Forney, TX $23 N/A N/A $2,425
Plano, TX $1,658 $1,400 $2,198 $2,600
Lewisville-Flower Mound, TX $1,500 $1,272 $1,975 $2,600
Carrollton, Lewisville, TX $2,600 $1,554 $2,110 $2,695
The Colony, TX $2,900 N/A $2,700 $2,925

Top Zipcodes Near Deep Ellum

There are a total of 43 zipcodes in or near Deep Ellum, Dallas, TX. The average rent for all of these zipcodes is $2,440. 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 75243, Dallas, TX at $1,350 per month. In comparison, the zipcode with the most expensive average rent of $3,809 per month is 75205, Highland Park, TX.

Studios in these zipcodes have an average rent of $1,475. That's at least $0 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,000 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Deep Ellum, 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 $1,176 $1,465 $2,999 $2,760
75219, Dallas, TX $845 $1,295 $2,400 $2,100
75206, Dallas, TX $1,093 $1,095 $2,700 $2,195
75205, Highland Park, TX $1,925 $1,863 $3,532 $3,809
75208, Dallas, TX $1,230 $1,453 $2,100 $1,775
75214, Dallas, TX $2,425 $1,261 $2,000 $1,973
75243, Dallas, TX $18 $1,050 $1,495 $1,350
75234, Farmers Branch, TX $1,475 $1,481 $2,103 $1,627
75001, Addison, TX $1,231 $1,464 $2,169 $1,533
75093, Plano, TX $2,963 N/A $2,280 $3,150

Frequently Asked Questions - Deep Ellum Average Rents

What is the average rent price in Deep Ellum, Dallas, TX?
The average monthly rental price for Deep Ellum, Dallas, TX apartments for rent is approximately $1,845. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Deep Ellum, 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 Deep Ellum, Dallas, TX.
How much is a studio apartment in Deep Ellum, Dallas, 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 1 studio apartment listings currently available for rent in Deep Ellum.
How much is a one bedroom apartment in Deep Ellum, Dallas, TX?
The average monthly rental price for one bedroom apartments is $1,713 and an average price per square feet of $2.24. There are a total of 10 one bedroom apartment listings currently available for rent in Deep Ellum.
How much is a two bedroom apartment in Deep Ellum, Dallas, TX?
The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $1.92. There are a total of 3 two bedroom apartment listings currently available for rent in Deep Ellum.
How have rent prices in Deep Ellum, Dallas, TX changed this year?
Rent prices for rentals in Deep Ellum, Dallas, TX can fluctuate yearly. Specifically, studio rental prices have changed by 6.50%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Deep Ellum, Dallas, TX?
A reasonable rent price in Deep Ellum, Dallas, TX is around $1,476/month. You can search for these reasonably priced rental listings on RentHop.
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