Marquis at Waterview
800 W Renner Rd,
Richardson, TX 75080
1-3 Beds | $1,197 - $3,530
Rental Market Trends in Richardson, TX
What is the average rent in Richardson, TX?
$1,477/month
Average Rent
752 Sq Ft
Average Apartment Size
-2.5%
Decrease in the Last Year
As of December 2024, the average rent in Richardson, TX is $1,477 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Richardson rent prices are 5% lower than the national average. When you rent an apartment in Richardson, you can expect to pay about $1,252 per month for a studio, $1,477 for a one-bedroom apartment, and around $1,835 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,151 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Richardson, TX?
In the past year, rent has decreased by 2.5%, which averages out to $36 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Richardson, TX
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
4%
$700 - $1,000/month
28%
$1,001 - $1,500/month
59%
$1,501 - $2,000/month
7%
Above $2,000/month
What salary do I need to live comfortably in Richardson, TX?
Because the average rent in Richardson is $1,477, you’ll want to make about $4,923 per month or $59,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Richardson, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Richardson, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Bell Partners
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Willow Bridge
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MAA
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283
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115
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Westdale
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113
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30,122
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54
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Berkshire
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77
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26,767
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Valiant Residential
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69
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20,197
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.