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Rental Market Trends in McKinney, TX

Updated September 2026

The average rent in McKinney, TX is $1,353/month.

Rent in McKinney is 19% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,353/month

Average Rent

754 Sq Ft

Average Size

-2.8%

Change / Year

6,473

Available Apartments

McKinney rent varies by unit size and layout:

  • Studio apartments in McKinney average $1,080 per month.
  • One-bedroom apartments in McKinney average $1,353 per month.
  • Two-bedroom apartments in McKinney average $1,803 per month.
  • Three-bedroom apartments in McKinney average $2,400 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,080/month
512 Sq Ft
One Bedroom
$1,353/month
754 Sq Ft
Two Bedroom
$1,803/month
1,130 Sq Ft
Three Bedroom
$2,400/month
1,498 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,087/month
701 Sq Ft
Two Bedroom
$2,404/month
1,308 Sq Ft
Three Bedroom
$2,421/month
1,825 Sq Ft
Four Bedroom
$3,258/month
2,844 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,185/month
599 Sq Ft
Two Bedroom
$1,925/month
992 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,931/month
1,358 Sq Ft
Three Bedroom
$2,695/month
1,884 Sq Ft
Four Bedroom
$2,719/month
2,110 Sq Ft
View McKinney Apartments

How much has average rent changed in McKinney, TX?

In the past year, rent has decreased by 2.8%, which averages out to $37 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in McKinney, TX

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in McKinney, TX
Percentage*
Rent Range
1% Below $700/month
1% $700 - $1,000/month
40% $1,001 - $1,500/month
40% $1,501 - $2,000/month
18% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in McKinney?

Based on current rent prices, Anna/Melissa, Allen/McKinney and Downtown McKinney are the most affordable neighborhoods in McKinney.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Anna/Melissa
$1,402/month
744 Sq Ft
Allen/McKinney
$1,523/month
774 Sq Ft
Downtown McKinney
$1,813/month
905 Sq Ft

What are the most expensive neighborhoods in McKinney?

Based on current rent prices, Downtown McKinney, Allen/McKinney and Anna/Melissa are the most expensive neighborhoods in McKinney.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown McKinney
$1,813/month
905 Sq Ft
Allen/McKinney
$1,523/month
774 Sq Ft
Anna/Melissa
$1,402/month
744 Sq Ft

Which McKinney neighborhoods have the most rentals available?

The neighborhoods in McKinney with the most apartments available are Allen/McKinney, Anna/Melissa and Downtown McKinney .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Allen/McKinney
$1,523/month
774 Sq Ft
Anna/Melissa
$1,402/month
744 Sq Ft
Downtown McKinney
$1,813/month
905 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in McKinney, TX?

Because the average rent in McKinney is $1,353, you’ll want to make about $4,510 per month or $54,120 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.

Cost of Living

The cost of living in McKinney, TX is 2.8% lower than the national average. Generally, housing in McKinney is 4.6% less expensive than the national average, with rent falling between $1,080 - $2,400. You can expect to pay 2.8% less for groceries, 13.3% more for utilities, and 15.0% less for transportation.

City

McKinney, TX

6,473 Available Apartments for Rent

Search for Nearby Apartments

How does McKinney, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare McKinney, 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.

View the McKinney Area Guide

Apartment Averages

Anna/Melissa

McKinney, TX

Downtown McKinney

McKinney, TX

Studio
$1,075/month
$1,330/month
One Bedroom
$1,341/month
$1,531/month
Two Bedroom
$1,791/month
$2,078/month
Three Bedroom
$2,441/month
$3,561/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Fairview

    Fairview

    Avg Rent: $1,433/month

  • Allen

    Allen

    Avg Rent: $1,434/month

  • Melissa

    Melissa

    Avg Rent: $1,377/month

  • Prosper

    Prosper

    Avg Rent: $1,361/month

Apartment Communities in McKinney We Think You'll Love

Atheria West Grove

Atheria West Grove

8599 W University Dr,
McKinney, TX 75071

1-3 Beds | $1,495 - $3,850

Cendana Craig Ranch

Cendana Craig Ranch

6121 Alma Rd,
McKinney, TX 75070

1-3 Beds | $1,462 - $3,102

Ascend at McKinney North

Ascend at McKinney North

3601 James Pitts Dr,
McKinney, TX 75071

1-3 Beds | $1,156 - $2,219

Vero McKinney

Vero McKinney

7201 Stacy Rd,
McKinney, TX 75070

1-3 Beds | $1,433 - $2,769

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Frequently Asked Questions

What is the average rent in McKinney?

The average rent in McKinney is $1,353 per month, which is 18.7% lower than the national average of $1,664.

What is the average rent for a house in McKinney?

The average rent for a house in McKinney, TX is $2,421 per month.

What is the average rent for a townhome in McKinney?

The average rent for a townhome in McKinney, TX is $1,931 per month.

What is the average rent for a condo in McKinney?

The average rent for a condo in McKinney, TX is $1,185 per month.

Are rents going up or down in McKinney?

Rents in McKinney, TX are decreasing, with prices down 2.8% year-over-year and $37 less per month.

What rent range is most common in McKinney?

In McKinney, TX, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Texas McKinney Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

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.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity