Half Of Renter Households Struggle With Affordability

About half of all renter households are cost-burdened, with the tenants spending more than 30 percent of their incomes on rent, according to a recent study released by Apartmentlist.com.

About half of all renter households are cost-burdened, with tenants spending more than 30 percent of their incomes on rent, according to a recent Apartmentlist.com study.

“The number of cost-burdened renter households in Dallas has increased by 116,053 since 2008,” said Olyvia Ruhlmann of Apartmentlist.

However, there are plenty of affordable options in Dallas, including one- to three-bedroom units at 7900 at Park Central.

The apartments at 7900 Churchill Way rent for about $1,000 to $1,800 per month, depending on size and floor plan.

For that price, you get a roof over your head and a place to cook meals and watch television, but you also get some apartment living perks, such as a swimming pool, fitness center, outdoor barbecue area, and doggie spa. Plumbing and electrical emergencies are addressed by a landlord, and you won’t have to worry about maintaining a lawn.

Key Findings

The Apartmentlist study showed the following:

  • The cost burden rate in Dallas increased from 46.1 percent in 2017 to 2018.
  • Dallas has the No. 39 lowest cost burden rate of the nation’s 100 largest metros.
  • About 21 percent of renter households in Dallas are severely cost-burdened, while 26.1 percent are moderately burdened.

“We are living through the longest U.S. economic expansion on record, but for many, housing costs are eating away at any celebration,” Ruhlmann said.

Rental of the Week

In addition to the perks offered by this week’s Rental of the Week at 7900 Churchill Way, renters have easy access to Interstate 635 and Highway 75. You see, you’re also paying for that Dallas address and the close proximity to shopping, entertainment, and dining.

Maybe for that price, you could rent a home with larger square footage and no roommate, but you’d have to live in the suburbs and might be sacrificing some quality amenities.

The two-bedroom, two-bathroom units at 7900 are slightly less than 1,200 square feet and about $1,400 per month. The apartment complex, built in 1999, is in the Hillcrest Forest neighborhood.

Want to know more about 7900 Churchill Way? Click here.

One Comment

  • It is laughable to say rents from $1000-1800 a month are affordable. Yes they are cheaper than some rental prices but they are not affordable to many. What is the median income in Dallas anyway?