Average Rent in Grand Prairie, TX

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Current Versus Historical Grand Prairie, TX Rents

Grand Prairie rentals average $2,000 for a studio rental to $2,998 for a 4-bedroom rental. The median price of all currently available listings is $2,599, or roughly $1 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 $833 (71.40%) year-over-year from $1,167 to $2,000. 1-bedroom rentals prices have decreased by $162 (-12.10%) year-over-year from $1,336 to $1,174. 2-bedroom rentals prices have increased by $27 (1.71%) year-over-year from $1,560 to $1,587. 3-bedroom rentals prices have increased by $92 (4.17%) year-over-year from $2,208 to $2,300. 4-bedroom rentals prices have decreased by $98 (-3.42%) year-over-year from $2,848 to $2,750. 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 14.53% this month. 1-bedroom rents have gone down by 1.57% this month. 2-bedroom rents have gone down by 0.28% this month. 3-bedroom rents have gone up by 4.55% this month. 4-bedroom rents have gone down by 4.62% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $0.95 $2,000 $1,167 (71.40%) $1,802 (11.01%)
1 BR $1.73 $1,174 $1,336 (-12.10%) $1,298 (-9.56%)
2 BR $1.58 $1,587 $1,560 (1.71%) $1,313 (20.91%)
3 BR $1.44 $2,300 $2,208 (4.17%) $1,757 (30.90%)
4+ BR $1.19 $2,750 $2,848 (-3.42%) $2,232 (23.23%)

Historical Rents in Grand Prairie, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Grand Prairie

There are a total of 12 cities nearby Grand Prairie. The average rent in Grand Prairie is currently $2,425 per month. A total of 6 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 Grand Prairie, TX is University Park, TX. Monthly rents here are on average $5,100 per month.

Let's compare Grand Prairie, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Grand Prairie, TX is 17.40% more expensive than other cities nearby. One bedrooms are about 43.41% more affordable. Two bedrooms in Grand Prairie, TX are about 22.96% more affordable. Finally, rent for three bedrooms are about 15.22% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near Grand Prairie, 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
Euless, TX $4,850 $1,309 $1,560 $2,025
North Richland Hills, TX $650 N/A $1,498 $2,075
Arlington, TX $1,675 $1,295 $1,485 $2,100
Mansfield, TX $1,500 $1,348 $1,622 $2,250
Carrollton, TX $2,338 $1,549 $2,100 $2,645
Irving, TX $3,000 $1,613 $2,125 $2,725
Flower Mound, TX $3,909 N/A N/A $2,995
University Park, TX N/A N/A $2,950 $5,100

Top Neighborhoods Near Grand Prairie

There are a total of 1 neighborhoods in or near Grand Prairie. We've included all of these top 1 neighborhoods in or near Grand Prairie, TX in the following chart.

The average rent for these 1 neighborhoods in or near Grand Prairie, TX is currently around $3,200 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Grand Prairie's average rent, which is only $2,599. Out of all the neighborhoods in or near Grand Prairie, Oak Lawn has the most affordable average rent at $3,200 per month. Whereas, at $3,200 average rent per month, Oak Lawn is the most expensive neighborhood in or near Grand Prairie. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Oak Lawn, Dallas, TX $1,650 $2,074 $3,800 $3,200

Top Counties Near Grand Prairie

There are a total of 1 counties located by Grand Prairie, TX. Some of these counties include Arlington, TX, Southwest Dallas, TX, and Northeast Tarrant, TX. The average rent for rentals in these counties is $2,550. That's roughly around $1 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Arlington, TX. It's average rent per month is $2,200. Vice versa, with an average rent of $2,900, The Colony, TX is the most expensive county by Grand Prairie, TX.

Typically, rent for studios in Grand Prairie, TX is 24.00% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Grand Prairie, TX is 30.27% more affordable than other counties nearby. Finally, rent for two bedrooms in Grand Prairie, TX is 8.82% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Arlington, TX $1,700 $1,295 $1,485 $2,200
Southwest Dallas, TX $2,000 $1,420 $1,850 $2,350
Northeast Tarrant, TX $2,480 $1,205 $1,560 $2,395
Waxahachie, TX $2,725 N/A $1,745 $2,550
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 Grand Prairie

There are a total of 15 zipcodes in or near Grand Prairie, TX. The average rent for all of these zipcodes is $2,460. A total of 12 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75001, Addison, TX at $1,545 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 $1,500. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Grand Prairie, TX is $1,400 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,185 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Grand Prairie, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75001, Addison, TX $1,182 $1,465 $2,155 $1,545
75034, Frisco, TX $2,350 $1,344 $2,220 $2,460
75219, Dallas, TX $1,650 $1,400 $2,400 $2,123
75204, Dallas, TX $1,700 $1,459 $2,973 $2,500
75024, Plano, TX $1,845 $1,279 $2,150 $1,894
75205, Highland Park, TX $1,925 $1,750 $3,750 $3,850
75056, Lewisville, TX N/A $1,510 $2,035 $2,500
76226, Lewisville-Flower Mound, TX $3,200 N/A N/A $2,950
76063, Mansfield, TX $1,500 $1,366 $1,622 $2,250
75208, Dallas, TX $1,213 $1,513 $2,195 $1,804

Frequently Asked Questions - Grand Prairie Average Rents

What is the average rent price in Grand Prairie, TX?
The average monthly rental price for Grand Prairie, TX apartments for rent is approximately $2,599. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Grand Prairie, 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 Grand Prairie, TX.
How much is a studio apartment in Grand Prairie, TX?
The average monthly rental price for studio apartments is $2,000 and an average price per square feet of $0.95. There are a total of 9 studio apartment listings currently available for rent in Grand Prairie.
How much is a one bedroom apartment in Grand Prairie, TX?
The average monthly rental price for one bedroom apartments is $925 and an average price per square feet of $1.73. There are a total of 2 one bedroom apartment listings currently available for rent in Grand Prairie.
How much is a two bedroom apartment in Grand Prairie, TX?
The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $1.58. There are a total of 15 two bedroom apartment listings currently available for rent in Grand Prairie.
How have rent prices in Grand Prairie, TX changed this year?
Rent prices for rentals in Grand Prairie, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.71%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Grand Prairie, TX?
A reasonable rent price in Grand Prairie, TX is around $2,079/month. You can search for these reasonably priced rental listings on RentHop.
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