Dallas-Fort Worth renters might find solace in knowing their costs aren’t the highest, but they’re far from cheap.
According to a new study by Construction Coverage, the metro area’s median rent price is $1,903 per month, ranking 22nd among the nation’s large metropolitan areas.
Unsurprisingly, California dominated the rankings, with San Jose ($3,451), San Diego ($3,175), San Francisco ($3,141), and Los Angeles ($2,777) taking the top four spots.
Closer to home, Austin ranked 17th among Texas cities with a median rent of $2,109, while Houston ranked 37th with a median rent of $1,507.
DFW’s specific rent figures, WFAA reported, reflect a range of housing options: studios average $1,489, one-bedrooms $1,585, and four-bedrooms go for $3,002. This variety keeps the region competitive but still significantly higher than Cleveland, the cheapest metro on the list, at $1,203.
Experts attribute the higher prices to supply and demand imbalances over the past decade. Following the Great Recession, construction lagged while Millennials—the nation’s largest generation—entered the rental market, driving demand.
The report highlights a growing challenge for renters nationwide, as housing shortages affect affordability in urban and suburban areas. While DFW fares better than other major metros, rising costs keep affordability a pressing issue for residents.
For those curious, the full rankings offer insights into how rents compare across the U.S., providing a snapshot of the nation’s shifting rental landscape.