Plano, TX is an up-and-coming suburb located around 20 miles north of Dallas. Thanks to high employment rates, Plano has seen an increase in incoming residents and infrastructure built to fit the needs of the rapidly growing community.
Although the cost of living in Plano is around 11% higher than the national average, the average monthly rent in Plano decreased 1.6% in the last year, making rent prices a whopping 10% lower than the national average for a one-bedroom apartment.
Whether you’re looking for an affordable place near the bustling city of Dallas or simply making a move to the Lone Star State, Plano has that and more to offer renters. Here are some of the most cost effective and affordable neighborhoods in Plano, TX.
Highlands North
- Average one-bedroom rent in Plano- $1,461
- Average one-bedroom rent in Highlands North- $1,399
Established early and continuing to grow, Highlands North was one of the first Plano-based neighborhoods to participate in the rapid development of the north Texas city. With a suburban feel near big-city amenities, residents of Highlands North get the best of both worlds.
Things to do in Highlands North
Along West Park Boulevard and West Plano Parkway lie Highlands North shopping attractions. Shops such as Trader Joes, Whole Foods, Nordstrom, and more await shopaholic renters. Residents can enjoy a cup of coffee and a pastry at local hotspot la Madeleine or take their time at one of the many sit-down restaurants ranging from pizza at Pie Tap Pizza + Rotisserie + Bar or their favorite Mexican dish at Meso Maya Comida y Copas.
Nature reserves, parks, and trails offer residents miles to stretch their legs and walk their furry friends. Nearby Eldorado Park and Katie Jackson Park have playgrounds, trails, and picnic areas, while Arbor Hills Nature Preserve is home to a 200-acre wildlife refuge, offering residents a closer look at the local nature. If none of these piques your interest, try the six-mile trail at Preston Ridge Trail, which connects the city of Plano to Dallas.
Old Towne
- Average one-bedroom rent in Plano- $1,461
- Average one-bedroom rent in Old Towne- $1,464
Old Towne is a charming neighborhood filled with attractions and entertainment, giving renters a chance to explore one of North Texas’s hidden gems. From historic architecture to local eateries, Old Towne is the perfect place to experience the city of Plano fully.
Things to do in Old Towne
Rich history and a booming industrial scene offer Old Towne residents an urban atmosphere with a small-town feel. Old Towne is within walking distance of the downtown Plano Arts District, leaving no shortage of restaurants, parks, and fun to discover.
Local attractions such as Haggard Park, McCall Plaza, and Courtyard Theatre give renters the opportunity to experience a show, attend one of the many Plano Arts & Events hosted by the city, or learn more about the deep Old Towne and Plano history. Food and drink options range from seafood to barbeque spots, and even multiple Japanese-inspired dishes found throughout Old Towne. Food lovers and entertainment seekers alike find their footing in this neighborhood.
Ridgeview Park
- Average one-bedroom rent in Plano- $1,461
- Average one-bedroom rent in Ridgeview Park- $1,487
Ridgeview Park takes pride in its community. With so many neighborhoods near each other, Ridgeview residents never feel too far away from one another. In addition to the good company, sprawling golf courses, creekside trails, and local eateries are just a few of the things awaiting renters in Ridgeview Park.
Things to do in Ridgeview Park
To accompany the friendly atmosphere of Ridgeview Park, renters can enjoy the community’s many attractions and events. A Ridgeview staple is the Ridgeview Ranch Golf Club, a golf course designed against the backdrop of winding creeks and beautiful fairway views.
Dig into the local cuisine at hometown favorites Napolis Italian Restaurant, Marina Indian Restaurant, or Rusty Taco. Aiding the neighborhood camaraderie are the multiple festivals and events hosted by the city of Plano downtown. The Plano Balloon Festival and the Texas Music Revolution are some of the annual events residents in Ridgeview Park and the entirety of Plano look forward to.
Liberty Park
- Average one-bedroom rent in Plano- $1,461
- Average one-bedroom rent in Liberty Park- $1,630
Known for its mix of suburban relaxation and urban excitement, the Liberty Park community is nestled between bustling streets and residential retreats. Whether you’re looking to be close to the Plano city life or you want to plant roots in an evolving small Texas town, Liberty Park is the place for you.
Things to do in Liberty Park
Liberty Park is home to Liberty Park, a recreational space offering a playground and walking trails to residents. Liberty Park is also home to a national treasure: the Texas-shaped pool. The Texas Pool has been in the neighborhood for more than 60 years and is listed on the National Register of Historic Places.
West 15th Street is where residents can attend to all their shopping needs, with stores like Barnes & Noble, Hobby Lobby, and more being close by. Discover something local and visit the Heritage Farmstead Museum to learn more about Liberty Park’s historic roots. Don’t skip out on one of the many restaurants championed by Liberty Park locals. Take your pick from burgers, barbeque, or Norma’s Cafe’s trademarked Mile-High Cream Pies.
Plano Park
- Average one-bedroom rent in Plano- $1,461
- Average one-bedroom rent in Plano Park- $1,910
Plano Park is not only a recreational treasure, but it also provides renters the opportunity to discover a vibrant Texas neighborhood located around 20 miles north of Dallas. Between easy travel in and out of the city and local attractions that have residents staying closer to home, Plano Park has something to offer everyone.
Things to do in Plano Park
Many things make Plano Park special, but one of the local attractions is Lavon Farms. Shoppers can browse and purchase milk and other dairy products produced directly from their award-winning farm. Other popular dining spots range from seafood at Cajun Boil Stop and German cuisine and beer at Bavarian Grill.
Plano Park is, of course, home to many parks and outdoor recreation spaces. Santa Fe Trail connects to Oak Point Park and Nature Preserve, providing residents with 800 acres and 13 miles of trails winding through the city of Plano. Cool off with a canoe, kayak, paddleboard, or your favorite non-motorized watercraft activity at the pond in the middle of the park.
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*Apartment rent data provided by CoStar Group's February 2026 reports
