55 Apartments under 1200 for rent in Keller, TX

Last updated November 24 at 3:00am UTC
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November 2017 Keller Rent Report

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

View full Keller Rent Report
Rent Report
Keller

November 2017 Keller Rent Report

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

Keller rents increase sharply over the past month

Keller rents have increased 1.4% over the past month, and have increased sharply by 10.7% in comparison to the same time last year. Currently, median rents in Keller stand at $1,350 for a one-bedroom apartment and $1,680 for a two-bedroom. Keller's year-over-year rent growth leads the state average of 2.0%, as well as the national average of 2.7%.

Rents rising across the Dallas Metro

Throughout the past year, rent increases have been occurring not just in the city of Keller, 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 7.9%. The median two-bedroom there costs $1,200, while one-bedrooms go for $960.
  • Over the past month, McKinney has seen the biggest rent drop in the metro, with a decline of 1.1%. Median two-bedrooms there cost $1,420, while one-bedrooms go for $1,140.
  • Dallas proper has the least expensive rents in the Dallas metro, with a two-bedroom median of $1,100; rents fell 0.3% over the past month but rose 2.6% over the past year.
  • Plano has the most expensive rents of the largest cities in the Dallas metro, with a two-bedroom median of $1,420; rents went down 0.1% over the past month but rose 2.0% over the past year.

Many large cities nationwide show more affordable rents compared to Keller

As rents have increased sharply in Keller, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Keller is less affordable for renters.

  • Rents increased marginally in other cities across the state, with Texas as a whole logging rent growth of 2.0% over the past year. For example, rents have grown by 1.8% in San Antonio, 0.9% in Austin, and 0.0% in Houston.
  • Keller's median two-bedroom rent of $1,680 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 10.7% increase in Keller.
  • While Keller's rents rose sharply over the past year, many cities nationwide saw decreases, including DC (-0.6%), New York (-0.2%), and Nashville (-0.1%).
  • Renters will generally find more expensive prices in Keller than most large cities. For example, Houston has a median 2BR rent of $1,010, where Keller is more than one-and-a-half times 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 -0.3% 2.6%
Fort Worth $910 $1,140 -0.2% 5.2%
Arlington $960 $1,200 -0.2% 7.9%
Plano $1,140 $1,420 -0.1% 2.0%
Garland $970 $1,210 -0.2% 2.6%
Irving $960 $1,190 -0.1% 4.8%
Grand Prairie $980 $1,220 -0.8% 5.2%
Mesquite $1,040 $1,290 0.2% 4.5%
McKinney $1,140 $1,420 -1.1% 3.0%
Carrollton $1,070 $1,330 0.2% 4.5%
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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.