Average Rent in 76116, Fort Worth, TX

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Current Versus Historical 76116, Fort Worth, TX Rents

76116 rentals average $798 for a studio rental to $2,200 for a 4-bedroom rental. The median price of all currently available listings is $1,700, or roughly $1 per square feet.
For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $50 (-5.88%) year-over-year from $850 to $800. 1-bedroom rentals prices have increased by $33 (3.52%) year-over-year from $923 to $955. 2-bedroom rentals prices have increased by $151 (11.57%) year-over-year from $1,304 to $1,455. 3-bedroom rentals prices have increased by $358 (22.14%) year-over-year from $1,615 to $1,973. 4-bedroom rentals prices have decreased by $220 (-9.09%) year-over-year from $2,420 to $2,200. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 14.13% this month. 1-bedroom rents have gone up by 2.69% this month. 2-bedroom rents have gone up by 5.05% this month. 3-bedroom rents have gone down by 0.38% this month. 4-bedroom rents have gone up by 7.38% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $800 $850 (-5.88%) $784 (2.03%)
1 BR $1.30 $955 $923 (3.52%) $833 (14.60%)
2 BR $1.47 $1,455 $1,304 (11.57%) $1,342 (8.45%)
3 BR $1.32 $1,973 $1,615 (22.14%) $2,105 (-6.29%)
4+ BR $1.13 $2,200 $2,420 (-9.09%) $2,196 (0.17%)

Historical Rents in 76116, Fort Worth, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 76116

There are a total of 35 cities nearby 76116. The average rent in 76116 is currently $2,395 per month. Only one city nearby has an average rent lower than that. Our records show that Weatherford, TX, with an average rent of $1,695, is the most affordable city nearby. In contrast, the most expensive city near 76116, Fort Worth, TX is University Park, TX. Monthly rents here are on average $4,500 per month.

Let's compare 76116, Fort Worth, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 76116, Fort Worth, TX is 138.24% more affordable than other cities nearby. One bedrooms are about 28.39% more affordable. Two bedrooms in 76116, Fort Worth, TX are about 12.96% more affordable. Finally, rent for three bedrooms are about 16.35% more affordable. Want more information? Check out the top 10 cities out of 35 total cities near 76116, Fort Worth, TX in the following chart.
City Studio 1 Bed 2 Bed All
Weatherford, TX $3,000 $1,330 $1,323 $1,695
North Richland Hills, TX $1,415 $1,010 $1,500 $1,995
Fort Worth, TX $1,200 $1,399 $1,560 $2,100
Burleson, TX $4,170 $1,550 $1,523 $2,100
Arlington, TX $1,650 $1,200 $1,508 $2,150
Bedford, TX $500 $1,175 $1,495 $2,250
Euless, TX $1,350 $1,278 $1,502 $2,315
Mansfield, TX $1,405 $1,475 $2,150 $2,350
Grand Prairie, TX $2,000 $1,180 $2,250 $2,395
Keller, TX $11,265 N/A $1,500 $2,400

Top Neighborhoods Near 76116

There are a total of 4 neighborhoods in or near 76116. Some of these neighborhoods include Old East Dallas, Lake Highlands, and North Oaklawn. We've included all of these top 4 neighborhoods in or near 76116, Fort Worth, TX in the following chart.

The average rent for these 4 neighborhoods in or near 76116, Fort Worth, TX is currently around $2,180 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,180. Interestingly, the neighborhoods' average rent is higher than 76116's average rent, which is only $1,700. Out of all the neighborhoods in or near 76116, Old East Dallas has the most affordable average rent at $1,325 per month. Whereas, at $3,500 average rent per month, Oak Lawn is the most expensive neighborhood in or near 76116. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Old East Dallas, Dallas, TX $2,050 $1,195 $1,495 $1,325
Lake Highlands, Dallas, TX $24 $998 $1,549 $1,750
North Oaklawn, Dallas, TX N/A $1,310 $2,825 $2,610
Oak Lawn, Dallas, TX $1,422 $2,350 $4,000 $3,500

Top Counties Near 76116

There are a total of 4 counties located by 76116, Fort Worth, TX. Some of these counties include Cleburne, TX, Weatherford, TX, and Burleson-Joshua, TX. The average rent for rentals in these counties is $2,300. That's roughly around $1 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cleburne, TX. It's average rent per month is $1,638. Vice versa, with an average rent of $3,250, Weatherford Southeast, TX is the most expensive county by 76116, Fort Worth, TX.

Typically, rent for studios in 76116, Fort Worth, TX is 150.78% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 76116, Fort Worth, TX is 37.94% more affordable than other counties nearby. Finally, rent for two bedrooms in 76116, Fort Worth, TX is 29.57% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Cleburne, TX $2,000 $598 $1,350 $1,638
Weatherford, TX $2,325 $1,320 $1,363 $1,695
Burleson-Joshua, TX $2,900 $1,550 $1,550 $1,925
Granbury East, TX $1,950 $1,175 $1,550 $1,925
Fort Worth, TX $1,200 $1,350 $1,545 $2,065
Arlington, TX $1,750 $1,200 $1,550 $2,200
Midlothian, TX $2,998 $1,375 $1,598 $2,200
Northeast Tarrant, TX $1,605 $1,215 $1,600 $2,250
Justin-Roanoke, TX $2,975 $1,614 $2,700 $2,725
Weatherford Southeast, TX $1,775 N/A $2,699 $3,250

Top Zipcodes Near 76116

There are a total of 44 zipcodes in or near 76116, Fort Worth, TX. The average rent for all of these zipcodes is $2,386. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75231, Dallas, TX at $1,523 per month. In comparison, the zipcode with the most expensive average rent of $3,148 per month is 75063, Irving, TX.

Studios in these zipcodes have an average rent of $1,680. That's at least $1 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 76116, Fort Worth, TX is $1,178 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,934 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 76116, Fort Worth, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75070, McKinney, TX $1,976 $1,995 $2,100 $2,595
75034, Frisco, TX $3,028 $1,665 $2,398 $2,990
75219, Dallas, TX $920 $1,387 $2,600 $2,500
75035, Frisco, TX $2,000 $1,504 $2,200 $2,800
76179, Fort Worth, TX N/A N/A $1,850 $2,178
75204, Dallas, TX $1,836 $1,521 $3,150 $3,000
75206, Dallas, TX $1,243 $1,300 $2,400 $2,226
76244, Fort Worth, TX $2,000 N/A $1,905 $2,350
75098, Wylie, TX $1,750 N/A $1,800 $2,500
75214, Dallas, TX $2,100 $1,350 $2,340 $2,199

Frequently Asked Questions - 76116 Average Rents

What is the average rent price in 76116, Fort Worth, TX?
The average monthly rental price for 76116, Fort Worth, TX apartments for rent is approximately $1,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 76116, Fort Worth, TX rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 76116, Fort Worth, TX.
How much is a studio apartment in 76116, Fort Worth, TX?
The average monthly rental price for studio apartments is $798 and an average price per square feet of $0. There are a total of 2 studio apartment listings currently available for rent in 76116.
How much is a one bedroom apartment in 76116, Fort Worth, TX?
The average monthly rental price for one bedroom apartments is $995 and an average price per square feet of $1.30. There are a total of 3 one bedroom apartment listings currently available for rent in 76116.
How much is a two bedroom apartment in 76116, Fort Worth, TX?
The average monthly rental price for two bedroom apartments is $1,505 and an average price per square feet of $1.47. There are a total of 22 two bedroom apartment listings currently available for rent in 76116.
How have rent prices in 76116, Fort Worth, TX changed this year?
Rent prices for rentals in 76116, Fort Worth, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.22% year-over-year.
What is a reasonable rent price in 76116, Fort Worth, TX?
A reasonable rent price in 76116, Fort Worth, TX is around $1,360/month. You can search for these reasonably priced rental listings on RentHop.
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