Average Rent in Allen, TX

Home » TX » Allen

Current Versus Historical Allen, TX Rents

Allen rentals average $2,800 for a studio rental to $2,938 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $130 (4.86%) year-over-year from $2,670 to $2,800. 1-bedroom rentals prices have increased by $480 (33.53%) year-over-year from $1,431 to $1,911. 2-bedroom rentals prices have increased by $191 (9.95%) year-over-year from $1,921 to $2,113. 3-bedroom rentals prices have increased by $48 (1.97%) year-over-year from $2,452 to $2,500. 4-bedroom rentals prices have increased by $3 (0.10%) year-over-year from $2,897 to $2,900. 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 5.26% this month. 1-bedroom rents have gone up by 14.94% this month. 2-bedroom rents have gone up by 2.28% this month. 3-bedroom rents have gone up by 6.46% this month. 4-bedroom rents have gone up by 1.16% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.65	$2,800	$2,670 (4.86%)	$1,623 (72.50%)
1 BR	$1.93	$1,911	$1,431 (33.53%)	$1,386 (37.93%)
2 BR	$1.76	$2,113	$1,921 (9.95%)	$1,807 (16.88%)
3 BR	$1.40	$2,500	$2,452 (1.97%)	$2,090 (19.60%)
4+ BR	$1.10	$2,900	$2,897 (0.10%)	$2,870 (1.05%)

Historical Rents in Allen, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Allen

There are a total of 5 cities nearby Allen. The average rent in Allen is currently $2,500 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Princeton, TX, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Allen, TX is Frisco, TX. Monthly rents here are on average $2,900 per month.

Let's compare Allen, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Allen, TX is 46.43% more expensive than other cities nearby. One bedrooms are about 0.74% more expensive. Two bedrooms in Allen, TX are about 11.76% more affordable. Finally, rent for three bedrooms are about 5.81% more expensive. Want more information? Check out the top 5 cities near Allen, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Princeton, TX	N/A	N/A	$1,650	$2,000
Wylie, TX	$1,500	N/A	$1,800	$2,475
McKinney, TX	$1,099	$2,100	$1,900	$2,500
Plano, TX	$2,550	$1,350	$1,995	$2,695
Frisco, TX	$3,028	$1,613	$2,395	$2,900

Top Neighborhoods Near Allen

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Allen

Some of these counties include Princeton, TX, McKinney, TX, and Plano, TX. The average rent for rentals in these counties is $2,600. 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 Princeton, TX. It's average rent per month is $2,060. Vice versa, with an average rent of $2,650, Plano, TX is the most expensive county by Allen, TX.

Typically, rent for studios in Allen, TX is 28.57% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Allen, TX is 0.92% more affordable than other counties nearby. Finally, rent for two bedrooms in Allen, TX is 16.18% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Princeton, TX	$2,214	N/A	$1,800	$2,060
McKinney, TX	$2,000	$1,678	$2,100	$2,600
Plano, TX	$1,825	$1,373	$1,975	$2,650

Top Zipcodes Near Allen

There are a total of 11 zipcodes in or near Allen, TX. The average rent for all of these zipcodes is $2,595. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75069, Plano, TX at $2,295 per month. In comparison, the zipcode with the most expensive average rent of $2,973 per month is 75024, Plano, TX.

Studios in these zipcodes have an average rent of $2,000. That's at least $0 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Allen, TX is $1,095 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,995 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Allen, 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
75035, Frisco, TX	$2,000	$1,504	$2,200	$2,800
75098, Wylie, TX	$1,750	N/A	$1,800	$2,500
75023, Plano, TX	$2,220	N/A	$1,895	$2,400
75024, Plano, TX	$2,100	N/A	$2,325	$2,973
75074, Plano, TX	$3,500	$1,373	$1,700	$2,295
75069, Plano, TX	$444	N/A	$1,795	$2,295
75287, Dallas, TX	$1,660	$1,835	$2,495	$2,383
75252, Dallas, TX	$650	$1,095	$1,850	$2,713
75093, Plano, TX	$2,663	N/A	$2,300	$2,900

Frequently Asked Questions - Allen Average Rents

What is the average rent price in Allen, TX?

The average monthly rental price for Allen, TX apartments for rent is approximately $2,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Allen, 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 Allen, TX.

How much is a studio apartment in Allen, TX?

The average monthly rental price for studio apartments is $2,800 and an average price per square feet of $1.65. There are a total of 19 studio apartment listings currently available for rent in Allen.

How much is a one bedroom apartment in Allen, TX?

The average monthly rental price for one bedroom apartments is $1,360 and an average price per square feet of $1.93. There are a total of 2 one bedroom apartment listings currently available for rent in Allen.

How much is a two bedroom apartment in Allen, TX?

The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $1.76. There are a total of 13 two bedroom apartment listings currently available for rent in Allen.

How have rent prices in Allen, TX changed this year?

Rent prices for rentals in Allen, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.34%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in Allen, TX?

A reasonable rent price in Allen, TX is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.