114 Apartments under 1000 for rent in Addison, TX

Last updated September 24 at 9:10PM
Results within 1 miles of Addison, TX
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13214 Saint Lawrence Cir
Farmers Branch, TX
Updated September 6 at 10:10PM
1 Bedroom
$895
2 Bedrooms
$1,230
3 Bedrooms
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Rent Report
Addison

September 2017 Addison Rent Report

Welcome to the September 2017 Addison Rent Report. Addison rents declined over the past month. In this report, we'll evaluate trends in the Addison rental market, including comparisons to cities throughout the metro, state, and nation.

Addison rents declined significantly over the past month

Addison rents have declined 0.5% over the past month, but have increased slightly by 1.1% in comparison to the same time last year. Currently, median rents in Addison stand at $1,000 for a one-bedroom apartment and $1,240 for a two-bedroom. Addison's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Rents rising across the Dallas Metro

Throughout the past year, rent increases have been occurring not just in the city of Addison, but across the entire metro. Of the largest 10 cities that we have data for in the Dallas metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Arlington has seen the fastest rent growth in the metro, with a year-over-year increase of 9.0%. The median two-bedroom there costs $1,200, while one-bedrooms go for $960.
  • Over the past month, Garland has seen the biggest rent drop in the metro, with a decline of 0.6%. Median two-bedrooms there cost $1,210, while one-bedrooms go for $970.
  • Dallas proper has the least expensive rents in the Dallas metro, with a two-bedroom median of $1,110; rents grew 0.2% over the past month and 2.8% over the past year.
  • McKinney has the most expensive rents of the largest cities in the Dallas metro, with a two-bedroom median of $1,450; rents were up 4.7% over the past year but remained flat month-over-month.

Addison rents more affordable than many large cities nationwide

Rent growth in Addison has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Addison is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Texas as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 2.8% in San Antonio and 2.0% in Austin.
  • Addison's median two-bedroom rent of $1,240 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.1% rise in Addison.
  • While rents in Addison remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%); note that median 2BR rents in these cities go for $1,710, $1,740, and $1,020 respectively.
  • Renters will find more reasonable prices in Addison than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly two-and-a-half times the price in Addison.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Dallas $890 $1,110 0.2% 2.8%
Fort Worth $910 $1,140 0.5% 5.6%
Arlington $960 $1,200 0.3% 9.0%
Plano $1,150 $1,420 0.3% 1.9%
Garland $970 $1,210 -0.6% 3.5%
Irving $960 $1,190 0.1% 5.2%
Grand Prairie $1,000 $1,240 0.1% 8.2%
Mesquite $1,030 $1,280 -0.4% 5.7%
McKinney $1,160 $1,450 -0.1% 4.7%
Carrollton $1,070 $1,330 0.3% 5.2%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.