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Rental Market Trends in Richardson, TX

What is the average rent in Richardson, TX?

$1,497/month

Average Rent

748 Sq Ft

Average Apartment Size

-0.8%

Decrease in the Last Year

As of May 2025, the average rent in Richardson, TX is $1,497 per month. For comparison, the national average rent price in the US is currently $1,625/month, which means Richardson rent prices are 8% lower than the national average. When you rent an apartment in Richardson, you can expect to pay about $1,272 per month for a studio, $1,497 for a one-bedroom apartment, and around $1,848 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,138 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,272/month
583 Sq Ft
One Bedroom
$1,497/month
748 Sq Ft
Two Bedroom
$1,848/month
1,098 Sq Ft
Three Bedroom
$2,138/month
1,391 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$905/month
265 Sq Ft
Two Bedroom
$2,080/month
1,114 Sq Ft
Three Bedroom
$2,528/month
1,664 Sq Ft
Four Bedroom
$3,663/month
2,499 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,110/month
623 Sq Ft
Two Bedroom
$1,619/month
980 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,158/month
1,410 Sq Ft
Three Bedroom
$2,367/month
1,609 Sq Ft
Four Bedroom
$2,850/month
2,035 Sq Ft

How much has average rent changed in Richardson, TX?

In the past year, rent has decreased by 0.8%, which averages out to $11 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 May 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Richardson?

Based on current rent prices, Spring Valley Plaza, Buckingham and Brick Row are the most affordable neighborhoods in Richardson.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Spring Valley Plaza
$1,035/month
755 Sq Ft
Buckingham
$1,190/month
658 Sq Ft
Brick Row
$1,652/month
792 Sq Ft
Canyon Creek Country Club
$1,937/month
835 Sq Ft

What are the most expensive neighborhoods in Richardson?

Based on current rent prices, Canyon Creek Country Club, Brick Row and Buckingham are the most expensive neighborhoods in Richardson.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Canyon Creek Country Club
$1,937/month
835 Sq Ft
Brick Row
$1,652/month
792 Sq Ft
Buckingham
$1,190/month
658 Sq Ft
Spring Valley Plaza
$1,035/month
755 Sq Ft

Which Richardson neighborhoods have the most rentals available?

The neighborhoods in Richardson with the most apartments available are Buckingham, Canyon Creek Country Club and Brick Row .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Buckingham
$1,190/month
658 Sq Ft
Canyon Creek Country Club
$1,937/month
835 Sq Ft
Brick Row
$1,652/month
792 Sq Ft
Spring Valley Plaza
$1,035/month
755 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Richardson is $1,497, you’ll want to make about $4,990 per month or $59,880 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.

City

Richardson, TX

7,981 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Richardson, TX

Apartment Averages

Spring Valley Plaza

Richardson, TX

Canyon Creek Country Club

Richardson, TX

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Garland Average Rent
  • Sachse Average Rent
  • Plano Average Rent
  • Addison Average Rent
  • Rowlett Average Rent

Apartment communities in Richardson we think you'll love

Trellis Canyon Creek

Trellis Canyon Creek

2301 N Central Expy,
Richardson, TX 75080

Studio - 1 Bed | $1,195 - $1,555

MAA Eastside

MAA Eastside

1801 N Greenville Ave,
Richardson, TX 75081

Studio - 2 Beds | $1,204 - $4,498

The Emory

The Emory

1345 14th St,
Plano, TX 75074

1-3 Beds | $1,420 - $3,230

Alta Park Central

Alta Park Central

12389 Merit Dr,
Dallas, TX 75251

Studio - 2 Beds | $1,490 - $2,645

Property Management Companies in Richardson, TX

RPM
RPM
  • 620

    Communities

  • 164,101

    Units

  • 241

    Cities

17 Communities in Richardson
Greystar
Greystar
  • 3,265

    Communities

  • 907,672

    Units

  • 842

    Cities

8 Communities in Richardson
Bell Partners
Bell Partners
  • 234

    Communities

  • 74,943

    Units

  • 127

    Cities

6 Communities in Richardson
Avenue5 Residential
Avenue5 Residential
  • 516

    Communities

  • 116,003

    Units

  • 201

    Cities

4 Communities in Richardson
MAA
MAA
  • 288

    Communities

  • 100,018

    Units

  • 113

    Cities

4 Communities in Richardson
Berkshire
Berkshire
  • 97

    Communities

  • 32,694

    Units

  • 60

    Cities

4 Communities in Richardson
Valiant Residential
Valiant Residential
  • 68

    Communities

  • 19,974

    Units

  • 43

    Cities

4 Communities in Richardson
Brazos Residential Management
Brazos Residential Management
  • 23

    Communities

  • 4,546

    Units

  • 11

    Cities

4 Communities in Richardson

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United States Texas Richardson 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 February 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity