Average Rent in Richardson, TX

Current Versus Historical Richardson, TX Rents

Richardson rentals average $3,270 for a studio rental to $3,100 for a 4-bedroom rental. The median price of all currently available listings is $2,400, 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 $1,440 (94.16%) year-over-year from $1,530 to $2,970. 1-bedroom rentals prices have decreased by $350 (-18.83%) year-over-year from $1,858 to $1,509. 2-bedroom rentals prices have decreased by $581 (-23.53%) year-over-year from $2,469 to $1,888. 3-bedroom rentals prices have increased by $16 (0.64%) year-over-year from $2,484 to $2,500. 4-bedroom rentals prices have increased by $21 (0.69%) year-over-year from $3,027 to $3,048. 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 63.17% this month. 1-bedroom rents have gone down by 0.66% this month. 2-bedroom rents have gone down by 10.23% this month. 3-bedroom rents have gone up by 0.67% this month. 4-bedroom rents have gone up by 8.26% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.18	$2,970	$1,530 (94.16%)	$1,306 (127.38%)
1 BR	$2.01	$1,509	$1,858 (-18.83%)	$1,608 (-6.16%)
2 BR	$1.71	$1,888	$2,469 (-23.53%)	$2,129 (-11.31%)
3 BR	$1.43	$2,500	$2,484 (0.64%)	$2,305 (8.46%)
4+ BR	$1.35	$3,048	$3,027 (0.69%)	$2,415 (26.19%)

Historical Rents in Richardson, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Richardson

There are a total of 8 cities nearby Richardson. The average rent in Richardson is currently $2,349 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Addison, TX, with an average rent of $1,525, is the most affordable city nearby. In contrast, the most expensive city near Richardson, TX is University Park, TX. Monthly rents here are on average $5,225 per month.

Let's compare Richardson, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Richardson, TX is 82.84% more expensive than other cities nearby. One bedrooms are about 18.84% more expensive. Two bedrooms in Richardson, TX are about 5.67% more expensive. Finally, rent for three bedrooms are about 2.49% more affordable. Want more information? Check out the top 8 cities near Richardson, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Addison, TX	$1,096	$1,452	$2,170	$1,525
Farmers Branch, TX	N/A	$1,466	$2,058	$1,599
Garland, TX	$2,500	$1,213	$1,450	$2,150
Rowlett, TX	$20	N/A	N/A	$2,348
Wylie, TX	$26	N/A	$1,640	$2,350
Plano, TX	$2,490	$1,278	$2,195	$2,600
Carrollton, TX	$2,338	$1,549	$2,100	$2,650
University Park, TX	N/A	N/A	$2,950	$5,225

Top Neighborhoods Near Richardson

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

The average rent for these 1 neighborhoods in or near Richardson, TX is currently around $1,295 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Richardson, Lake Highlands has the most affordable average rent at $1,295 per month. Whereas, at $1,295 average rent per month, Lake Highlands is the most expensive neighborhood in or near Richardson. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lake Highlands, Dallas, TX	$609	$1,095	$1,485	$1,295

Top Counties Near Richardson

There are a total of 1 counties located by Richardson, TX. The average rent for rentals in these counties is $2,618. That's roughly around $1 per sqft. The county that is the most affordable is Plano, TX. It's average rent per month is $2,535. Vice versa, with an average rent of $2,700, Carrollton, Lewisville, TX is the most expensive county by Richardson, TX.

Typically, rent for studios in Richardson, TX is 39.35% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Richardson, TX is 5.90% more expensive than other counties nearby. Finally, rent for two bedrooms in Richardson, TX is 1.91% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Plano, TX	$1,367	$1,338	$2,190	$2,535
Carrollton, Lewisville, TX	$2,600	$1,549	$2,134	$2,700

Top Zipcodes Near Richardson

There are a total of 14 zipcodes in or near Richardson, TX. The average rent for all of these zipcodes is $2,449. A total of 7 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 $1,200 per month. In comparison, the zipcode with the most expensive average rent of $3,350 per month is 75093, Plano, TX.

Studios in these zipcodes have an average rent of $660. 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 Richardson, TX is $1,249 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,083 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Richardson, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
75001, Addison, TX	$1,096	$1,452	$2,169	$1,522
75024, Plano, TX	$2,790	$1,273	$2,213	$2,060
75056, Lewisville, TX	N/A	$1,475	$2,090	$2,500
75025, Plano, TX	N/A	N/A	$2,223	$2,885
75243, Dallas, TX	$17	$1,000	$1,495	$1,200
75098, Wylie, TX	$26	N/A	$1,668	$2,399
75002, Lucas, TX	$2,900	N/A	$1,950	$2,500
75234, Farmers Branch, TX	$1,475	$1,466	$2,058	$1,598
75023, Plano, TX	N/A	$1,125	N/A	$2,535
75093, Plano, TX	$2,963	N/A	$2,075	$3,350

Frequently Asked Questions - Richardson Average Rents

What is the average rent price in Richardson, TX?

The average monthly rental price for Richardson, TX apartments for rent is approximately $2,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Richardson, 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 Richardson, TX.

How much is a studio apartment in Richardson, TX?

The average monthly rental price for studio apartments is $3,270 and an average price per square feet of $2.18. There are a total of 20 studio apartment listings currently available for rent in Richardson.

How much is a one bedroom apartment in Richardson, TX?

The average monthly rental price for one bedroom apartments is $1,534 and an average price per square feet of $2.01. There are a total of 27 one bedroom apartment listings currently available for rent in Richardson.

How much is a two bedroom apartment in Richardson, TX?

The average monthly rental price for two bedroom apartments is $2,204 and an average price per square feet of $1.71. There are a total of 22 two bedroom apartment listings currently available for rent in Richardson.

How have rent prices in Richardson, TX changed this year?

Rent prices for rentals in Richardson, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.94%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.24%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Richardson, TX?

A reasonable rent price in Richardson, TX is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.