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Rental Market Trends in Richardson, TX

Updated August 2026

The average rent in Richardson, TX is $1,480/month.

Rent in Richardson is roughly equal to the national average rent of of $1,664/month.

$1,480/month

Average Rent

761 Sq Ft

Average Size

+1.6%

Change / Year

7,699

Available Apartments

Richardson rent varies by unit size and layout:

  • Studio apartments in Richardson average $1,282 per month.
  • One-bedroom apartments in Richardson average $1,480 per month.
  • Two-bedroom apartments in Richardson average $1,825 per month.
  • Three-bedroom apartments in Richardson average $2,112 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,282/month
597 Sq Ft
One Bedroom
$1,480/month
761 Sq Ft
Two Bedroom
$1,825/month
1,101 Sq Ft
Three Bedroom
$2,112/month
1,396 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$938/month
872 Sq Ft
Two Bedroom
$1,721/month
990 Sq Ft
Three Bedroom
$2,453/month
1,671 Sq Ft
Four Bedroom
$3,745/month
2,692 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,084/month
677 Sq Ft
Two Bedroom
$1,555/month
981 Sq Ft
Three Bedroom
$1,969/month
1,396 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,083/month
1,328 Sq Ft
Three Bedroom
$2,558/month
1,838 Sq Ft
View Richardson Apartments

How much has average rent changed in Richardson, TX?

In the past year, rent has increased by 1.6%, which averages out to $24 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Richardson, TX

August 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Richardson, TX
Percentage*
Rent Range
0% Below $700/month
3% $700 - $1,000/month
31% $1,001 - $1,500/month
62% $1,501 - $2,000/month
4% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Richardson?

Based on current rent prices, Buckingham is the most affordable neighborhood in Richardson.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Buckingham
$1,199/month
706 Sq Ft

What are the most expensive neighborhoods in Richardson?

Based on current rent prices, Buckingham is the most expensive neighborhood in Richardson.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Buckingham
$1,199/month
706 Sq Ft

Which Richardson neighborhoods have the most rentals available?

The neighborhood in Richardson with the most apartments available is Buckingham .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Buckingham
$1,199/month
706 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 $1,480, you’ll want to make about $4,933 per month or $59,196 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

7,699 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.

View the Richardson Area Guide

Apartment Averages

Buckingham

Richardson, TX

Buckingham

Richardson, TX

Studio
$916/month
$916/month
One Bedroom
$1,152/month
$1,152/month
Two Bedroom
$1,560/month
$1,560/month
Three Bedroom
$1,746/month
$1,746/month
View Rentals
View Rentals

Compare Rent Trends Nearby

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

  • Garland

    Garland

    Avg Rent: $1,236/month

  • Sachse

    Sachse

    Avg Rent: $1,410/month

  • Plano

    Plano

    Avg Rent: $1,459/month

  • Addison

    Addison

    Avg Rent: $1,509/month

  • Rowlett

    Rowlett

    Avg Rent: $1,379/month

Apartment Communities in Richardson We Think You'll Love

Bodie

Bodie

2520 N Central Expy,
Richardson, TX 75080

Studio - 2 Beds | $1,601 - $3,244

Junction at 7760

Junction at 7760

7760 McCallum Blvd,
Dallas, TX 75252

Studio - 1 Bed | $893 - $1,131

The Emory

The Emory

1345 14th St,
Plano, TX 75074

1-3 Beds | $1,524 - $3,981

One90 Firewheel

One90 Firewheel

1675 W Campbell Rd,
Garland, TX 75044

1-3 Beds | $1,304 - $2,649

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Frequently Asked Questions

What is the average rent in Richardson?

The average rent in Richardson is $1,480 per month, which is 11.1% lower than the national average of $1,664.

What is the average rent for a house in Richardson?

The average rent for a house in Richardson, TX is $2,453 per month.

What is the average rent for a townhome in Richardson?

The average rent for a townhome in Richardson, TX is $2,083 per month.

What is the average rent for a condo in Richardson?

The average rent for a condo in Richardson, TX is $1,084 per month.

Are rents going up or down in Richardson?

Rents in Richardson, TX are increasing, with prices up 1.6% year-over-year and $24 more per month.

What rent range is most common in Richardson?

In Richardson, TX, 62% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 June 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