154 Apartments under 1400 for rent in Flower Mound, TX

Last updated May 25 at 7:08am UTC
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May 2018 Flower Mound Rent Report

Welcome to the May 2018 Flower Mound Rent Report. Flower Mound rents increased over the past month. In this report, we'll evaluate trends in the Flower Mound rental market, including comparisons to cities throughout the metro, state, and nation.

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Rent Report
Flower Mound

May 2018 Flower Mound Rent Report

Welcome to the May 2018 Flower Mound Rent Report. Flower Mound rents increased over the past month. In this report, we'll evaluate trends in the Flower Mound rental market, including comparisons to cities throughout the metro, state, and nation.

Flower Mound rents increase sharply over the past month

Flower Mound rents have increased 1.2% over the past month, but have decreased moderately by 1.0% in comparison to the same time last year. Currently, median rents in Flower Mound stand at $1,770 for a one-bedroom apartment and $2,210 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in January. Flower Mound's year-over-year rent growth lags the state average of 1.9%, as well as the national average of 1.5%.

Rents rising across the Dallas Metro

While rent prices have decreased in Flower Mound over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the Dallas metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Plano has seen rents fall by 0.1% over the past month, the biggest drop in the metro. It's also the most expensive city in the Dallas metro with a two-bedroom median of $1,410.
  • Arlington has seen the fastest rent growth in the metro, with a year-over-year increase of 4.8%. The median two-bedroom there costs $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 $1,100; rents increased 1.3% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Flower Mound

As rents have fallen moderately in Flower Mound, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Flower Mound is less affordable for renters.

  • Other cities across the state have seen rents slightly increase, with Texas as a whole logging rent growth of 1.9% over the past year. For example, rents have grown by 3.1% in Houston, 0.7% in San Antonio, and 0.1% in Austin.
  • Flower Mound's median two-bedroom rent of $2,210 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.0% decline in Flower Mound.
  • While rents in Flower Mound fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Los Angeles (+2.1%), and San Francisco (+1.3%).
  • Renters will generally find more expensive prices in Flower Mound than most large cities. For example, Houston has a median 2BR rent of $1,020, where Flower Mound is more than twice that price.

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 $1,100 0.2% 1.3%
Fort Worth $910 $1,130 0.3% 1.3%
Arlington $970 $1,210 0.7% 4.8%
Plano $1,140 $1,410 -0.1% 1.2%
Garland $980 $1,220 -0.0% 0.8%
Irving $970 $1,200 0.4% 2.3%
Grand Prairie $980 $1,220 0.5% 0.9%
Mesquite $1,060 $1,320 0.8% 3.6%
McKinney $1,120 $1,390 0.5% -2.0%
Carrollton $1,090 $1,350 0.6% 2.8%
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.