Rent in Dallas has gone up 2.2 percent year over year, but plenty of diamonds in the rough are available for those who broaded their search parameters outside of Dallas city limits.
A new December 2019 Apartmentlist.com study found:
- Rents in Dallas have remained flat over the past month, however, they have increased 2.2 percent year over year.
- Dallas’ median two-bedroom rent of $1,136 is below the national average of $1,191.
- Over the past year, rent increases have been occurring not just in the city of Dallas, but across the entire metro – of the largest 10 cities that Apartmentlist has data for in the Dallas metro, all of them have seen prices rise.
Fun Find In Frisco
First things first – there are a ton of rental properties in Frisco. I choose Rentals of the Week based on good prices, good locations, or a unique or special feature about the home. This week I chose Frisco and scrolled through dozens of listings in search of a two-bedroom abode, since this study specifically mentions the median rent of a Dallas two-bedroom being $1,136, slightly below the national average.
The home at 8221 Hyde Park is a three-bedroom, two-bathroom spot near Christie Elementary School and close to all things Preston and Stonebrook. At $1,600 a month, it’s more than that median rate for a two-bedroom, but still definitely affordable for a young professional seeking an office and a guest room.
The 1999-built home features tile floors and a light-colored kitchen with oven, stove, dishwasher, and built-in microwave.
I don’t know if Millennials feel the need to have a Dallas ZIP code. In my book, Frisco – which rests in Denton and Collin counties – is a pretty neat spot with upscale mixed-use developments, top schools, and sports like the Dallas Stars practice facility and the Frisco Roughriders baseball team.
Hashtag Hyde Park
Hyde Park carries an upscale connotation – it’s a park in Central London, a neighborhood in South Chicago, a historic district in Austin, and a luxury apartment complex in Dallas. The street in Frisco also carries its own air of wealth and prestige. This house is tucked into a nice neighborhood and the A-rated Frisco ISD and just a couple miles from T-swirl Crepe, Bangkok At Beltline, Hutchins BBQ, and Mash’D.
The rental price of $1,600 per month is well worth it for an upgrade from an apartment and to feel like a grown-up in the ’burbs.
Kevin Cannon of Keller Williams Frisco Stars is leasing 8221 Hyde Park Drive, Frisco, for $1,600 per month.