We’re keeping tabs on what it costs to rent luxury digs here in Dallas-Fort Worth. Last time we checked in, the most expensive rental in our region was a Spanish-style home in Volk Estates priced at a whopping $20,000 a month. Let’s just say that the list has become a tad more modest since, with the highest priced rental coming in at $15,900 and in Plano, natch.
Still, renting in North Texas is a challenge for most, as supply is tight, forcing rents skyward. If you think it’s expensive to find a good apartment, single-family home, or a condo for rent, it’s not going to get any easier any time soon according to this report from the Joint Center for Housing Studies at Harvard University. Demand for rental housing has increased by 9 million households between 2005 and 2015 — the fastest increase in recent history. Likewise, the share of households that rent versus own their residence has increased from 31 percent to 37 percent in the same time period.
That kind of growth in the rental market has had developers scrambling to build apartments to catch up. Even the luxury market is feeling the squeeze.
But if you’d rather not think of the harsh realities our rental market is facing and you’d rather stare at some genuine house porn, the folks at RentCafe have compiled this tidy list of luxe rentals sure to boggle your mind. Jump to see the top 10 most expensive rentals in all of Dallas-Fort Worth.
Located in the prestigious Kings Gate enclave, this estate has everything a high-level executive or security-minded celebrity could desire … and then some. This home has curves for days, floor-to-ceiling windows, and dramatic interiors that are sure to impress. You can lease this 8,625-square-foot home marketed by Pogir at Briggs Freeman Sotheby’s today for $15,9000.
2. 3030 McKinney Ave., No. 2101, Dallas (Tie)
La Tour is perhaps one of the most interesting high-rises in Dallas, and you could lease this five-bedroom, five-and-a-half-bath unit marketed by Zach Mrusek at Dave Perry-Miller Real Estate for $15,000 a month. The views of the downtown Dallas skyline are enough to make you search for your security deposit.
2. 10584 Tobias Lane, Frisco (Tie)
Old-world charm and modern amenities plus an enviable location make this Shaddock Estates home a great luxury rental. This five-bedroom, five-bath home has some stunning architectural details and gorgeous living spaces that make it perfect for entertaining. It’s for rent if you can cough up $15,000 a month.
With 6,610 square feet leasing at $13,200 a month, you better bet you’re getting a deal on this estate on the Bent Tree Country Club golf course, overlooking the 16th fairway. It’s a visually impressive home with grand entertaining areas and all the bells and whistles.
I mean, it’s Museum Tower. Like Elvis, Cher, or Madonna, this building needs no introduction. The unit is open and spacious, with two bedrooms, two full and one half bath, more than 2,300 square feet and access to all the amenities the building offers including an enormous terrace with views of downtown Dallas and the Arts District for just $13,000 a month. Want it? Need it? Get in touch with Ilene Crist at Briggs Freeman Sotheby’s International Realty.
This classic colonial in University Park not only feeds into Hyer Elementary, but it’s within walking distance of the shops and restaurants at Preston Center. You can lease this beauty from Jennifer Miller at Dave Perry-Miller Real Estate for $12,600 a month. Not only do you get more than 5,600 square feet with four bedrooms and four-and-a-half baths, but the living spaces are just perfect for hosting teatime.
7. 1643 Promontory Drive, Cedar Hill (Tie)
Located inside the “Best Southwest” neighborhood, this gorgeous estate is perfect for those who want a little distance. With almost 7,500 square feet on more than 5 acres, this home has cozy interiors and some of the best views of Joe Pool Lake. And it will only set you back $15,000 a month, natch.
Feeling Ritzy? This unit inside the Residences at the Ritz Carlton is practically gilt. It’s one of the smallest properties on this list at 2,638 square feet with two bedrooms and two-and-a-half baths, but the address commands a whopping $12,500 a month.
StreetLights Residential’s The Jordan is one of Uptown’s newest luxury residential buildings, and this unit is a two-bedroom, two-bath apartment with 1,986 square feet on the building’s highest floor. That’s substantial for the area, and the views should be fantastic. If you insist on brand new digs, you won’t mind paying $12,430 a month for them.
The second Ritz Carlton residence on this list is just a might smaller at 2,344 square feet, but it’s on the eighth floor of the tower, which has some impressive views. This building was just completed in 2007 and has some jaw-dropping amenities. And it’s just $12,000 a month, too.