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90 Apartments for rent in Bedford, TX

Last updated August 23 at 10:09AM
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Rent Report
Bedford

August 2017 Bedford Rent Report

Welcome to the August 2017 Bedford Rent Report. In this report, we'll evaluate trends in the Bedford rental market, including comparisons to cities throughout the metro, state, and nation.

Bedford rents increased moderately over the past month

Bedford rents have increased 0.3% over the past month, and are up sharply by 6.9% in comparison to the same time last year. Currently, median rents in Bedford stand at $990 for a one-bedroom apartment and $1,230 for a two-bedroom. This is the ninth straight month that the city has seen rent increases after a decline in October of last year. Bedford's year-over-year rent growth leads the state average of 1.4%, as well as the national average of 2.9%.

Rents rising across the Dallas Metro

Throughout the past year, rent increases have been occurring not just in the city of Bedford, 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, and this trend can be seen throughout other areas in the state, as well. Texas as a whole has logged a 1.4% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the metro, as well as the rest of the state.

  • Arlington has seen the fastest rent growth in the metro, with a year-over-year increase of 9.2%. The median two-bedroom there costs $1,190, while one-bedrooms go for $960.
  • Over the past month, Mesquite has seen the biggest rent drop in the metro, with decline of 0.6%. Median two-bedrooms there cost $1,290, while one-bedrooms go for $1,040.
  • McKinney has the most expensive rents of the largest cities in the Dallas metro, with a two-bedroom median of $1,450; rents grew 0.6% over the past month and 4.5% over the past year.
  • Dallas proper has the least expensive rents in the Dallas metro, with a two-bedroom median of $1,110; rents were up 0.6% over the past month and 2.9% over the past year.
  • Looking throughout the rest of the state, Austin is the most expensive of all Texas' major cities outside the Dallas metro, with a median two-bedroom rent of $1,400; of the 10 largest Texas cities that we have data for, 3 have seen rents fall year-over-year, with Houston experiencing the fastest decline (-2.6%).
  • San Antonio, Austin, and Lubbock have all experienced year-over-year growth above the state average (2.8%, 2.0%, and 1.9%, respectively).

Bedford rents more affordable than many large cities nationwide

As rents have increased in Bedford, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Bedford is still more affordable than most large cities across the country.

  • Bedford's median two-bedroom rent of $1,230 is above the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
  • While Bedford's rents rose over the past year, some cities nationwide saw decreases, including Miami (-0.8%) and DC (-0.4%).
  • Renters will find more reasonable prices in Bedford than most large cities. Comparably, San Francisco has a median 2BR rent of $3,060, which is nearly two-and-a-half times the price in Bedford.

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 0.6% 2.9%
Fort Worth $910 $1,130 0.8% 5.2%
Arlington $960 $1,190 1.0% 9.2%
Plano $1,140 $1,420 0.6% 1.9%
Garland $980 $1,220 -0.4% 4.2%
Irving $960 $1,190 0.5% 5.4%
Grand Prairie $1,000 $1,240 0.8% 8.7%
Mesquite $1,040 $1,290 -0.6% 7.0%
McKinney $1,160 $1,450 0.6% 4.5%
Carrollton $1,070 $1,320 0.1% 5.4%
See more

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.