How much has rent in DFW increased in the last year? - Showit Blog

How much has rent in DFW increased in the last year?

November 18, 2022

Amanda Smith

Uncategorized

Okay, first things first, let’s address the elephant in the room…..and we’ll say it loud enough for those of you in the back – APARTMENT PRICING HAS INCREASED 16% compared to last year!!! (There, we said it)

What does this mean for you?

This could mean multiple things, but the most important thing to take away from this is how to set your expectations to align with the current market!

We know, you want that top floor, floor to ceiling window unit with a wine fridge – who doesn’t? But let’s be realistic and talk about real expectations and the price tags to come with items we want.

If you google average rent price in Dallas, TX it will tell you the average rent is $1450 for a one bedroom. When is google ever wrong, right? We’re here not to say that Google is wrong, but to say that they’re not sharing the entire message with you.

Rent prices are based on multiple factors, such as: location, amenities, year constructed, and those small details you can’t live without like a wine fridge, standup showers, or double vanity because we enjoy the finer things in life, duh.

The more desirable of a location you’re wanting to live you should immediately expect a higher price tag than the current average. But wait, we want that wine fridge and double vanity with a standup shower….Now it’s all adding up and we’re at $1650+ for a desirable one bedroom! (See how fast that happens )

We know not everyone can afford $1650+ for a one bedroom, & that is okay! This is when having an apartment locator by your side is absolutely crucial during times like these. We understand the market and have all of the knowledge to help you put your best foot forward.

Apartment searching can be defeating and overwhelming! We’re here to help you find the joy in searching for your new home by taking the weight and pressure off of your shoulders and show you the best places to live for YOU!

If you’ve made it this far in the read, go you! You’re now 1 step closer to meeting your new apartment locator BFF – complete our form to get connected to one of our market specialists!

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