What is the median rent in Richardson, TX?

The median gross rent in Richardson, TX is $1,857 (±$37) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 21,923 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Richardson, the median gross rent went from $1,403 in 2015–2019 to $1,857 in 2020–2024 (+32.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median gross rent
$1,857 (±$37)
Rented homes
21,923 (±891)
$2,000 or more
38.9%
Since 2015–2019
+32.4%

How much rent costs in Richardson

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rentRichardsonDallas CountyTexasUnited States
Less than $5000.8% (±0.6 points)2.4%3.9%6.3%
$500 to $9992.4% (±0.9 points)7.9%17.4%20.2%
$1,000 to $1,49918.8% (±2.5 points)35.7%35.4%28.1%
$1,500 to $1,99939.0% (±2.9 points)31.3%25.2%21.1%
$2,000 to $2,49925.5% (±3.2 points)14.1%11.1%12.0%
$2,500 to $2,99910.7% (±2.1 points)4.9%4.0%5.5%
$3,000 or more2.7% (±0.7 points)3.8%2.9%6.8%

The most common range is $1,500 to $1,999, paid by 39.0% of renting households.

38.9% of rented homes in Richardson cost $2,000 or more a month.

Richardson against Dallas County, its state and the nation

Estimate (90% margin of error)
RichardsonDallas CountyTexasUnited States
Median gross rent$1,857 (±$37)$1,565 (±$11)$1,403 (±$4)$1,413
Rented homes paying rent21,923 (±891)472,681 (±4,292)3,935,670 (±20,381)42,849,984

In Richardson, median gross rent is higher than in Dallas County ($1,565).

It is also higher than in Texas ($1,403).

It is higher than the national figure ($1,413).

In Dallas County, Richardson ranks 7 of 24 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 123 of 1,183.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Richardson has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median gross rent$1,403 (±$37)$1,857 (±$37)+32.4%Up after inflation
Households that rent41.3% (±1.3 points)49.3% (±1.6 points)+8.0 percentage pointsMeasurable increase
Rental vacancy rate6.7% (±1.7 points)5.2% (±1.6 points)−1.5 percentage pointsNot a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Richardson

Nearest places with a published estimate, compared with Richardson
PlaceDistanceMedian gross rentCompared with this place
Richardson—$1,857 (±$37)—
Plano5.9 mi$1,841 (±$24)Not measurably different
Garland6.2 mi$1,641 (±$33)Lower
Murphy6.5 mi$2,847 (±$334)Higher
Addison7.3 mi$1,784 (±$45)Lower
Sachse7.5 mi$1,798 (±$103)Not measurably different
Allen9.7 mi$1,932 (±$59)Higher
University Park9.9 mi$3,272 (±$424)Higher
Rowlett10 mi$1,990 (±$128)Not measurably different

Nearby places with a measurably lower figure: Garland, TX ($1,641), Addison, TX ($1,784).

Nearby places with a measurably higher figure: Murphy, TX ($2,847), Allen, TX ($1,932), University Park, TX ($3,272).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Dallas County, place by place

RankPlaceMedian gross rent
1University Park$3,272 (±$424)
2Coppell$2,022 (±$105)
3Cedar Hill$1,993 (±$126)
4Rowlett$1,990 (±$128)
5Highland Park$1,940 (±$570)
6Farmers Branch$1,864 (±$41)
7Richardson$1,857 (±$37)
8Sachse$1,798 (±$103)
9Addison$1,784 (±$45)
10Lancaster$1,704 (±$102)
11Glenn Heights$1,675 (±$382)
12DeSoto$1,666 (±$81)
13Garland$1,641 (±$33)

Showing 13 of 24 places in Dallas County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Richardson

What is the average rent in Richardson, TX?

The Census Bureau publishes the median rather than the average: the median gross rent in Richardson is $1,857 (±$37) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Richardson?

In Richardson, the median gross rent went from $1,403 in 2015–2019 to $1,857 in 2020–2024 (+32.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Richardson cost more than $2,000 a month?

38.9% of rented homes in Richardson have a gross rent of $2,000 or more a month, and 0.8% cost less than $500.

Is rent in Richardson higher than in Dallas County?

In Richardson, median gross rent is higher than in Dallas County ($1,565).

It is also higher than in Texas ($1,403).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Richardson city, Texas (place:61796, in state:48).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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