Average Rent in Downtown Dallas, Dallas, TX

Current Versus Historical Downtown Dallas, Dallas, TX Rents

Downtown Dallas rentals average $2,473 for a 1-bedroom rental to $4,550 for a 3-bedroom rental. The median price of all currently available listings is $3,700, 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 $126 (8.77%) year-over-year from $1,433 to $1,559. 1-bedroom rentals prices have decreased by $229 (-10.37%) year-over-year from $2,209 to $1,980. 2-bedroom rentals prices have decreased by $1,094 (-30.45%) year-over-year from $3,594 to $2,500. 3-bedroom rentals prices have increased by $312 (7.01%) year-over-year from $4,447 to $4,759. 4-bedroom rentals prices have decreased by $1,507 (-26.64%) year-over-year from $5,657 to $4,150. 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 8.11% this month. 1-bedroom rents have gone down by 19.18% this month. 2-bedroom rents have gone down by 29.48% this month. 3-bedroom rents have gone down by 24.28% this month. 4-bedroom rents have gone down by 2.92% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.03	$1,980	$2,209 (-10.37%)	$1,998 (-0.90%)
2 BR	$2.24	$2,500	$3,594 (-30.45%)	$3,010 (-16.93%)
3 BR	$2.03	$4,759	$4,447 (7.01%)	$3,176 (49.84%)

Historical Rents in Downtown Dallas, Dallas, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Dallas

There are a total of 29 cities nearby Downtown Dallas. The average rent in Downtown Dallas is currently $2,385 per month. A total of 28 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 Downtown Dallas, Dallas, TX is University Park, TX. Monthly rents here are on average $5,100 per month.

Let's compare Downtown Dallas, Dallas, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Dallas, Dallas, TX is inf% more affordable than other cities nearby. One bedrooms are about 55.71% more expensive. Two bedrooms in Downtown Dallas, Dallas, TX are about 51.43% more expensive. Finally, rent for three bedrooms are about 47.86% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near Downtown 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	$1,525	$2,100
Dallas, TX	$1,750	$1,350	$2,350	$2,335
Richardson, TX	$3,270	$1,544	$2,192	$2,391
Lancaster, TX	N/A	N/A	N/A	$2,450
Grand Prairie, TX	$2,000	$925	$1,700	$2,600
Irving, TX	$3,000	$1,613	$2,125	$2,725
University Park, TX	N/A	N/A	$2,950	$5,100

Top Neighborhoods Near Downtown Dallas

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

The average rent for these 4 neighborhoods in or near Downtown Dallas, Dallas, TX is currently around $1,630 per month. A total of 4 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown 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 Downtown 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 Downtown Dallas

There are a total of 4 counties located by Downtown Dallas, Dallas, TX. Some of these counties include Northeast Dallas, Dallas, TX, Arlington, TX, and Southwest Dallas, TX. The average rent for rentals in these counties is $2,394. That's roughly around $1 per sqft. A total of 22 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 Downtown Dallas, Dallas, TX.

Typically, rent for studios in Downtown Dallas, Dallas, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Dallas, Dallas, TX is 53.40% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Dallas, Dallas, TX is 47.33% 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
Southwest Dallas, TX	$2,000	$1,420	$1,850	$2,358
Northeast Tarrant, TX	$2,480	$1,205	$1,560	$2,393
Forney, TX	$18	N/A	N/A	$2,395
Plano, TX	$1,363	$1,361	$2,164	$2,535
McKinney, TX	$2,020	$1,372	$2,033	$2,600
Lewisville-Flower Mound, TX	$1,629	$925	$2,200	$2,605
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 Downtown Dallas

There are a total of 42 zipcodes in or near Downtown Dallas, Dallas, TX. The average rent for all of these zipcodes is $2,400. A total of 41 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 $1,230 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 Downtown Dallas, Dallas, TX is $974 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,990 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Downtown 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	$2,973	$2,500
75219, Dallas, TX	$1,650	$1,400	$2,400	$2,123
75208, Dallas, TX	$1,213	$1,513	$2,195	$1,804
75205, Highland Park, TX	$1,925	$1,750	$3,750	$3,850
75206, Dallas, TX	$1,095	$1,095	$2,498	$2,198
75214, Dallas, TX	$2,999	$1,275	$2,173	$1,799
75243, Dallas, TX	$17	$1,050	$1,448	$1,230
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 - Downtown Dallas Average Rents

What is the average rent price in Downtown Dallas, Dallas, TX?

The average monthly rental price for Downtown Dallas, Dallas, TX apartments for rent is approximately $3,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown 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 Downtown Dallas, Dallas, TX.

How much is a studio apartment in Downtown Dallas, 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 0 studio apartment listings currently available for rent in Downtown Dallas.

How much is a one bedroom apartment in Downtown Dallas, Dallas, TX?

The average monthly rental price for one bedroom apartments is $2,473 and an average price per square feet of $2.03. There are a total of 8 one bedroom apartment listings currently available for rent in Downtown Dallas.

How much is a two bedroom apartment in Downtown Dallas, Dallas, TX?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $2.24. There are a total of 5 two bedroom apartment listings currently available for rent in Downtown Dallas.

How have rent prices in Downtown Dallas, Dallas, TX changed this year?

Rent prices for rentals in Downtown Dallas, Dallas, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.30%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Downtown Dallas, Dallas, TX?

A reasonable rent price in Downtown Dallas, Dallas, TX is around $2,960/month. You can search for these reasonably priced rental listings on RentHop.