Are you wondering about Arlington, TX rent prices? As of July 2024, Arlington's average monthly rent is $1,1281. This is a slight drop of 0.4% from last year. Renters now save around $4 monthly, making living here cheaper than the national average, which is $1,5351. When thinking about cost of living in Arlington, it's important to look at different elements. Factors like the economy and trends in the rental market are key.
Breaking it down, studio apartments in Arlington go for about $1,025 each month1. One-bedroom places average at $1,128 monthly1. If you need more room, two-bedroom apartments are about $1,491 per month. For even larger spaces, three-bedroom homes can cost $1,868 or more1. It's vital for renters to consider their entire budget and what they earn. This helps ensure a living situation that's both affordable and sustainable.
Key Takeaways
- The average rent in Arlington, TX is $1,128 per month as of July 20241.
- Rent for a studio apartment in Arlington averages $1,025 per month1.
- One-bedroom apartments cost an average of $1,128 monthly1.
- Two-bedroom units are priced around $1,491 per month, and three-bedroom apartments average $1,8681.
- The cost of living in Arlington is considered more affordable compared to the US national average rent of $1,5351.
Current Average Rent in Arlington, TX
In Arlington, TX, rental prices went down a little by 0.4% over the past year as of July 20242. Now, the average rent is $1,128 each month. This cost is lower than the average rent in the whole country2. People looking for a good deal will find Arlington's rental prices appealing compared to state and national prices.
Overview of Rent Prices
The middle rent price in Arlington is $1,350. It hasn't changed much recently but has slightly dropped by 0.3% over the past year2. This drop in rent prices is good news for those wanting to move to or within Arlington. Also, Arlington's rent has decreased less than the state's average of -2.8%, matching closely with the national decrease of -0.7%2.
Comparison with National Average
Arlington's median rent of $1,350 is 8.9% less than the median in the larger Dallas area, which is $1,4822. It's also much less than places like Flower Mound, where median rent reaches $2,0852.
Average Apartment Size
By mid-2024, Arlington apartments are about 671 square feet on average2. This size is good for both individuals and families2. With various sizes at different prices, Arlington's rental scene is open to many people. It offers both affordability and options.
Check out Average Rent Market Trends for more information on rental trends2.
Rental Price Breakdown by Apartment Size in Arlington
It's important to know how apartment sizes affect rent prices in Arlington, TX. We're going to look at the costs for studios, one-bedrooms, two-bedrooms, and three-bedrooms.
Studio Apartments
Studios in Arlington are a budget-friendly option. They cost about $1,025 a month for 492 square feet3. They're ideal for individuals or those who want a simple living space.
One-Bedroom Apartments
One-bedroom apartments offer more room at $1,128 a month. They give individuals or couples extra space3. Their balance of space and price makes them a popular choice.
Two-Bedroom Apartments
For two-bedroom apartments, the price goes up to $1,491 a month3. These are great for small families or roommates. They offer more space and often better amenities.
Three-Bedroom Apartments
Three-bedroom apartments jump to $1,868 a month3. They offer lots of space, which is perfect for larger families. People who want more living space find them ideal.
Trends in Rent Changes
The Arlington rental market has become a hot discussion point lately. We've seen a slight decrease in rent prices by 0.4% over the year. This makes Arlington an interesting place for both those looking to rent2 and investors.
Year-Over-Year Comparisons
Rent in Arlington has dropped a little, by 0.3%, in the past twelve months2. When we compare this to the whole country, Arlington's rent fell by -0.7%. This is somewhat better than the bigger drop of 2.8% seen statewide2.
Monthly Rent Fluctuations
Arlington's rent changes from month to month show a clear pattern. Last June, it ranked #60 among large cities in the U.S. for how much the rent went up, which was by a modest 0.4%2. This emphasizes why those looking to rent should keep up with these trends to find good deals.
Factors Influencing Rent Prices in Arlington, TX
Rent prices in Arlington, TX, are shaped by several factors. The city's economy, housing supply and demand, and real estate development are key. These elements work together to determine rent costs.
Economic Conditions
The economy of Arlington, TX, affects rent prices. Job availability and local businesses' success influence the rental market. For example, office space rent in Arlington was $23.00 per square foot in 2023. This was a 1.44% increase from the previous year4. It's important to understand Arlington's economy to predict rent changes.
Supply and Demand
Housing supply and demand greatly impact rent prices. When more people want homes than are available, rents go up. The median rent in Arlington is currently $1,324. This reflects a slight decrease recently5. Comparatively, rents in Dallas and Fort Worth are a bit higher. This difference can affect Arlington's rent prices5.
Local Developments
New projects and commercial areas also impact rent. In 2023, Arlington welcomed the Arlington Business Center. This addition is a large office space measuring 476,802 square feet4. Arlington is about 94% developed, with growth likely in the southwest5. These developments make Arlington more attractive, possibly increasing rent costs.
Many connected factors influence Arlington's rent prices. The economy, supply and demand, and local developments are crucial. Together, they shape the cost of renting in Arlington, TX.
Arlington’s Rent Compared to Nearby Cities
When we look at the rent in Arlington and around it, we see big differences. Comparing these prices shows us how the housing market changes in the area.
Rent Comparison with Dalworthington Gardens
Looking at the rent between Arlington and Dalworthington Gardens, we see something interesting. Rentals in Dalworthington Gardens are usually cheaper. A one-bedroom costs about $1,056 there, less than in Arlington which ranges from $948 to $1,5006.
Two-bedrooms in Dalworthington Gardens average $1,3396. This makes it clear that Dalworthington Gardens keeps rent increases low compared to Arlington.
Rent Comparison with South Arlington
But it's a different story in South Arlington. The rent there is higher. For a one-bedroom, it averages $1,239, showing it's a pricier area7.
Two-bedroom apartments jump to an average of $1,6287. And for three-bedrooms, it's about $2,149, much more than Dalworthington Gardens's $1,8187.
These differences in rent tell us a lot. They show how local spots and what they offer can change prices so much.
Neighborhoods with the Highest and Lowest Rents in Arlington
In Arlington, there's a big difference in rent prices among neighborhoods. This shows the city's diverse social and geographic makeup. Knowing which areas are more affordable helps people choose where to live. It's vital to look at the most and least expensive areas before renting.
Most Expensive Neighborhoods
Viridian is one of the priciest areas in Arlington, with rents at $3,100 on average8. It's known for its luxury, new homes, and fancy features. Although it has just 2,200 people, the rents are much higher than average.
North Arlington’s rent averages $1,302, largely because it's near big companies and city perks8. Homes here also cost more, with an average price of $407,000, marking it as a high-end area8.
Pantego, though small with 2,528 residents, sees average rents of $1,4008. Its low crime rate, just 65 crimes per 100,000 folks, adds to its charm8.
Most Affordable Neighborhoods
East Arlington presents cheaper housing options, at $1,148 monthly rent on average8. Its higher crime rate doesn't stop it from being popular for those on a budget8.
In Southeast Arlington, average rent is $1,334, with a moderate crime rate of 2,045 per 100,0008. With 83,499 people, it offers a good balance of price and quality of life8.
Summerwood/Southland Acres also provides affordable housing at $1,336 for the average rent8. Its decent crime rate makes it a good pick for those wanting safety.
To sum up, choosing where to rent in Arlington means weighing rent costs against what you want in a home. There are many neighborhoods to consider, each with its own price range and benefits.
Rent Prices in Relation to Income in Arlington, TX
Looking at rent prices in Arlington, TX, compared to average income is key. The average rent is about $1,128 a month. This means you need an income of around $45,120 a year to be comfy. This follows the rule of spending no more than 30% of monthly income on rent9.
This helps people keep a good balance. They can manage other costs and savings too.
Salary Needed for Comfortable Living
In Arlington, the average yearly salary is $56,419. This shows many can cover their rent without stretching their money too thin9. Being comfy in Arlington also means thinking about other costs. These include utilities, food, getting around, and fun.
The income vs. rent ratio in Arlington is key to determining if rent is affordable. It helps folks maintain a balanced way of life.
For a good life in Arlington, TX, looking at your whole financial situation is important. Using good rent calculators can help figure out the best rent to pay. They look at what you earn and your bills. This way, you make sure renting doesn't hurt your money health.
Affordability Calculators
Using rent calculators helps people work out how much they can afford to spend on rent. They take your salary, debts, and savings into account. With these tools, staying on top of the rent to income ratio in Arlington is easier. They prepare you for a stable financial future.
This careful way of planning helps people choose rentals they can afford. For further help, talking to a financial advisor is wise. They help you match your money plans with real rent costs. This ensures a budget that lets you live well in Arlington, TX.
Historical Rent Data in Arlington, TX
A look at Arlington's rent history shows some ups and downs, but mostly, it’s been steady. Recently, rent went down by a tiny 0.3% from last year. Arlington's rent changes have been mild, especially when you compare it to the wider area and the whole state, which saw bigger drops.
This kind of stability matters a lot. It helps both people looking to rent and those wanting to invest understand the market better.
Past Rent Trends
Rent in Arlington has been pretty stable, with just small decreases observed. A recent report noted that across the U.S., median rent went up 9.8%, reaching $1,607 by July 2021. In contrast, Arlington's home sales average at $332,500. Yet, prices range from $445,000 in Downtown to $260,000 in East Arlington10.
This shows Arlington’s unique economic picture. It highlights how each neighborhood plays a part in the city's rental market.
Projections for Future Rent Prices
Future rent prices in Arlington look uncertain, influenced by both local and wider economic factors. The average rent across Arlington's areas is a big factor in predicting future prices. For example, rent for a one-bedroom in North Arlington is $1,255, while a two-bedroom is $1,502.
In Southeast Arlington, prices are a bit higher, with one-bedrooms at $1,373 and two-bedrooms at $1,65410. By examining these figures and Arlington's rent history, we get a clearer picture of what future rent might be like for those interested in renting or investing here.
Comparing Arlington’s Rent to National and State Averages
Looking at Arlington's rent, it's more affordable compared with the national and state averages. The national average shows Arlington's median rent of $1,350 is about 4.3% less. This makes it a good choice for those watching their budgets9. Arlington is seen as having a strong economy and a positive job outlook. A 38.85% job growth rate is expected soon9.
National Rent Averages
In the U.S., rent prices vary widely. Big cities often have higher rents than smaller towns or the countryside. But Arlington manages to keep rents lower while still offering a good life. Its residents enjoy 235 sunny days a year, boosting their living quality9.
Texas State Rent Averages
Arlington is quite affordable, especially compared to other big Texas cities. It has lower rents but doesn't skimp on job opportunities, thanks to major employers like Texas Health Resources11. Also, the city’s average household income is about $53,055. This is pretty close to the state average, showing a well-balanced cost of living11.
Arlington is a budget-friendly option for renters. For more on its affordability and lively community, check out this informative guide. The guide offers a closer look at Arlington's low living costs, competitive housing market, and varied job market. These factors make Arlington a great place to call home.
Property Management Companies in Arlington, TX
In Arlington, property management companies are key to the rental scene. They make sure properties are well-managed and boost the quality of life in apartment areas.
Top Companies
Classic Property Management & Real Estate Services has been a leader since 1987. They serve residential areas in Dallas and Fort Worth12. Willow Bridge Property Company and Greystar Real Estate Partners are also top names. They offer full services to owners and renters. Classic Property Management aims for good relationships between tenants and management. They oversee associations, duplexes, condos, and townhomes. They keep things running smoothly for happy residents12. They offer round-the-clock maintenance and an online portal for easy talks12. Others like RPM, S2 Residential, Asset Living, and Pinnacle provide expert property management too.
Available Units and Communities
Different companies manage various apartments in Arlington. They meet various renter needs. Willow Bridge has budget and luxury places. Classic handles single homes, townhomes, apartments, and homeowner boards. This ensures many housing options are available12. Local ownership of many companies means they cater well to Arlington's market13. They take care of marketing, upkeep, tenant relationships, and finance12.
Looking for trustworthy management? Try Ziprent, MRE Property Management, and Cole Group. Expertise.com recommends them13. They were chosen for their excellence in Arlington, based on 25 factors across five areas12.
Top Apartments and Rental Deals in Arlington, TX
Arlington, TX, has great apartment deals and rental offers. We highlight top places and rent specials to find the best deals for you.
Featured Apartments
In Arlington, there's a wide choice of rentals, from studios to three-bedroom units. They're affordable and offer great features. Studios are about $1,02514 a month. One-bedroom places are around $1,128 monthly14, perfect for singles or couples.
Need more room? Two-bedrooms go for about $1,491 a month. Three-bedrooms are around $1,86814 monthly. They suit families or anyone needing extra space.
Current Rent Specials
Arlington's rental scene includes great deals and promotions to improve your leasing experience14. There are move-in specials, flexible leases, and more. Some places even offer to wave fees or ask for lower deposits to help you save money.
Looking for deals? Consider the community features and lease details. They affect your costs and living quality. For more info on Arlington rentals, check out Apartment List14.
Remember these tips to find the best rental deals in Arlington. Enjoy great amenities and lease terms by exploring your options.
How to Find Affordable Housing in Arlington, TX
Looking for affordable housing in Arlington, TX, is easier with a few steps. Compare different areas and think about living with roommates. Also, timing your move can save you money due to seasonal rent changes.
Tips for Budget-Friendly Rentals
Begin your search by understanding the rental market. Most places in Arlington cost between $1,001 to $1,500 a month3. Picking the right time to move can also help you catch discounts.
Living with others is a smart way to cut down on costs. This way, everyone pays less. Also, looking in different neighborhoods might reveal affordable hidden spots2.
Resources and Tools
Arlington has great tools to help find homes that won't break the bank. Use websites like Apartment Finder for listings that fit your budget. These sites often come with handy features to make your search easier.
Don't forget about housing assistance programs either. They're here to help those with lower incomes find a safe place to live. These programs can be a game-changer in your housing search in Arlington3.
Using affordability calculators can show how much rent you can handle. With the median rent at $1,3502, these tools are key to setting a budget.
Conclusion
The Arlington, TX rental market is both balanced and dynamic, with affordable options. As of April 1, 2021, the average rent in the Fort Worth-Arlington area was $1,132. This marks a 4 percent increase from the last year15. The rental vacancy rate was 5.6 percent, showing a balance between supply and demand15. This info is key for those looking into the local housing market.
The Fort Worth-Arlington area needs 18,000 new rental units in the next three years15. There are already 12,700 units being built, showing Arlington is ready to meet this demand15. This proactive building helps ensure there are enough new homes, offering many options for renters.
It’s important to do thorough research and plan well if you're considering renting in Arlington. Using budget calculators and talking to experts can help make better renting choices. For a deeper dive into the economic and housing market, you can read the full analysis here.
FAQ
What's The Average Rent In Arlington, TX?
As of July 2024, the average monthly rent in Arlington, TX is $1,128. This is a slight drop of 0.4% from the year before, saving renters about $4 each month.
How does Arlington's rent compare to the national average?
With an average monthly rent of $1,128, living in Arlington is cheaper than the national average, which is $1,535.
What is the average apartment size in Arlington, TX?
In Arlington, TX, the average apartment is 671 square feet. This size fits both individual renters and families comfortably.
What are the average rent prices for studio apartments in Arlington?
Studio apartments in Arlington go for about $1,025 each month. They usually offer around 492 square feet of space.
How much do one-bedroom apartments cost in Arlington?
The monthly rent for a one-bedroom apartment in Arlington averages at $1,128.
What is the average rent for two-bedroom apartments in Arlington?
Rent for two-bedroom apartments in Arlington averages at $1,491 per month.
How much do three-bedroom apartments cost in Arlington?
In Arlington, three-bedroom apartments typically rent for a minimum of $1,868 each month.
How have rent prices in Arlington changed over the past year?
In July 2024, Arlington's rent prices dropped by 0.4% from the previous year.
How do monthly rent fluctuations affect Arlington's rental market?
Arlington's rental market has regular monthly changes in rent, similar to other big cities. It ranks #60 in the U.S. for these changes.
What economic conditions influence rent prices in Arlington, TX?
Jobs and local business conditions greatly affect how affordable rent is in Arlington, TX.
How do supply and demand affect rent prices in Arlington?
When more people want homes but there aren't enough, rent prices in Arlington tend to go up. This is how supply and demand works.
What impact do local developments have on rent prices in Arlington, TX?
New projects and city improvements in Arlington can make neighborhoods more attractive. This can drive up rent prices.
How do Arlington's rent prices compare with Dalworthington Gardens?
Renting a one-bedroom in Dalworthington Gardens costs about $1,056, two-bedrooms $1,339, and three-bedrooms $1,818. These rates are slightly lower compared to Arlington.
How do South Arlington's rents differ from Arlington's overall?
Rents in South Arlington are higher. Expect to pay $1,239 for a one-bedroom, $1,628 for two-bedrooms, and $2,149 for a three-bedroom apartment.
What are the most expensive neighborhoods in Arlington?
Arlington's most expensive areas charge high rents. This is because of their amenities, schools, and status.
Which neighborhoods in Arlington offer the most affordable rents?
Arlington's most affordable neighborhoods offer lower rent. This usually reflects older homes or less access to top amenities.
What salary is needed to live comfortably in Arlington, TX?
To comfortably afford a place in Arlington with an average rent of $1,128, you should earn about $45,120 a year. Spend no more than 30% of your monthly income on rent.
Are there any tools to help calculate rent affordability in Arlington?
Using affordability calculators can help figure out a good rent budget. They take your income and expenses into account.
What historical trends have influenced rent prices in Arlington?
Arlington's rent trends have been stable with a slight dip lately. They’ve gone down 0.3% from last year.
What are the future projections for rent prices in Arlington?
Experts take a careful look at local economics and wider trends to guess future rent changes in Arlington.
How does Arlington's rent compare with the national average?
Arlington's median rent is $1,350, which is about 4.3% lower than the national median. This makes it a more affordable option.
How do Arlington's rent prices compare to the Texas state average?
Compared to the statewide average, Arlington offers more affordable rental options.
What are the top property management companies in Arlington, TX?
Top property managers in Arlington include Willow Bridge Property Company, Greystar, RPM, S2 Residential, Asset Living, and others. They manage various types of rental properties.
What types of units and communities do property management companies in Arlington offer?
These companies provide a range of options, from affordable to luxury rentals, meeting different renter needs.
What are the top apartments and rental deals currently available in Arlington, TX?
Rental deals in Arlington feature studios starting at $780 and one-bedrooms from $952. Larger units also offer good value.
How can one find affordable housing in Arlington, TX?
Look at different areas, consider sharing a place, and use online resources. Check out assistance programs and listings to find deals.
What resources and tools are available to help find affordable rentals in Arlington, TX?
Several tools help renters find homes that fit their budget. These tools offer listing features and help with tenant screening.
Source Links
- Apartments for rent in Arlington TX - 6,145 Rentals | Apartments.com - https://www.apartments.com/arlington-tx/
- Average Rent in Arlington, TX & Rent Price Trends - https://www.apartmentlist.com/rent-report/tx/arlington
- Average Rent in Arlington, TX - Latest Rent Prices by Neighborhood - https://www.apartments.com/rent-market-trends/arlington-tx/
- Arlington Office Price per Sqft and Office Market Trends - https://www.commercialcafe.com/office-market-trends/us/tx/arlington/
- Arlington’s goal for apartments: Housing for everyone | Fort Worth Report - https://fortworthreport.org/2024/03/13/arlingtons-goal-for-apartments-housing-for-everyone/
- 14 Must-Read Pros and Cons of Moving to Arlington, TX - https://www.apartmentguide.com/blog/pros-and-cons-of-moving-to-arlington-tx/
- Apartments for rent in Arlington, TX, USA - Rentberry - https://rentberry.com/apartments/s/arlington-tx
- Best Neighborhoods in Arlington, TX ⭐️ | Best Places to Live in Arlington, Texas - Brothers Moving Texas - https://brothersmovingtexas.com/blog/neighborhoods-in-arlington/
- No title found - https://www.moverjunction.com/moving-to-arlington
- 6 Popular Arlington, TX Neighborhoods: Where to Live in Arlington in 2024 - https://www.redfin.com/blog/arlington-tx-neighborhoods/
- 10 Tips for Moving to Arlington Tx - Payless Power - https://paylesspower.com/blog/10-tips-for-moving-to-arlington-tx/
- Rental Property Management Service - Classic Property Management in Arlington, TX - https://www.classicpm.com/property-management-services/
- THE BEST 10 Property Management in ARLINGTON, TX - Last Updated July 2024 - Yelp - https://www.yelp.com/search?cflt=propertymgmt&find_loc=Arlington, TX
- For Rent by Private Owner in Arlington TX - 17 Listings Available | Apartments.com - https://www.apartments.com/arlington-tx/for-rent-by-owner/
- 2024's Most Expensive Metro Areas for Renters - https://lawnlove.com/blog/most-expensive-metro-areas-to-rent/
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