Average Rent in Allen, TX

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Current Versus Historical Allen, TX Rents

Allen rentals average $3,000 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $1 per square feet.

For the apartment units and housing in December 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $466 (-15.21%) year-over-year from $3,066 to $2,600. 1-bedroom rentals prices have decreased by $431 (-25.81%) year-over-year from $1,670 to $1,239. 2-bedroom rentals prices have decreased by $491 (-22.60%) year-over-year from $2,171 to $1,680. 3-bedroom rentals prices have decreased by $17 (-0.69%) year-over-year from $2,417 to $2,400. 4-bedroom rentals prices have decreased by $100 (-3.46%) year-over-year from $2,900 to $2,800. 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 up by 63.06% this month. 1-bedroom rents have gone down by 13.88% this month. 2-bedroom rents have gone down by 12.29% this month. 3-bedroom rents have gone up by 0.77% this month. 4-bedroom rents have gone down by 4.00% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.73	$2,600	$3,066 (-15.21%)	$1,592 (63.34%)
1 BR	$1.93	$1,239	$1,670 (-25.81%)	$1,649 (-24.84%)
2 BR	$1.76	$1,680	$2,171 (-22.60%)	$2,103 (-20.13%)
3 BR	$1.35	$2,400	$2,417 (-0.69%)	$2,120 (13.19%)
4+ BR	$1.11	$2,800	$2,900 (-3.46%)	$2,882 (-2.83%)

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 $2,499 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 66.30% more expensive than other cities nearby. One bedrooms are about 3.09% more expensive. Two bedrooms in Allen, TX are about 22.82% more affordable. Finally, rent for three bedrooms are about 5.06% 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	$614	N/A	$1,675	$2,000
Wylie, TX	$1,011	N/A	N/A	$2,497
McKinney, TX	$991	$2,100	$2,045	$2,499
Plano, TX	$2,700	$1,318	$2,065	$2,700
Frisco, TX	$2,985	$1,656	$2,185	$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 $2,595. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Princeton, TX. It's average rent per month is $2,050. 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 38.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Allen, TX is 0.74% more affordable than other counties nearby. Finally, rent for two bedrooms in Allen, TX is 19.52% 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	$1,200	N/A	$1,675	$2,050
McKinney, TX	$1,860	$1,663	$2,126	$2,595
Plano, TX	$2,000	$1,370	$1,990	$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 $2,550. 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 75074, Plano, TX at $2,250 per month. In comparison, the zipcode with the most expensive average rent of $3,125 per month is 75024, Plano, TX.

Studios in these zipcodes have an average rent of $2,070. 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 $1,050 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,188 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	$2,500	$2,100	$2,098	$2,540
75035, Frisco, TX	$2,000	$1,531	$2,188	$2,800
75098, Wylie, TX	$2,000	N/A	N/A	$2,550
75023, Plano, TX	$2,070	N/A	$1,980	$2,513
75024, Plano, TX	$2,100	N/A	$2,300	$3,125
75074, Plano, TX	$4,500	N/A	$1,700	$2,250
75069, Plano, TX	$30	$1,345	$2,300	$2,345
75287, Dallas, TX	$1,630	$1,670	$2,400	$2,400
75252, Dallas, TX	$650	$1,050	$2,200	$2,713
75093, Plano, TX	$2,663	N/A	$2,450	$2,870

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 $2,500. 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 $3,000 and an average price per square feet of $1.73. There are a total of 20 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 $1,665 and an average price per square feet of $1.76. There are a total of 14 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 -0.15%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by -0.23%, and three bedroom rental prices have changed by -0.01% year-over-year.

What is a reasonable rent price in Allen, TX?

A reasonable rent price in Allen, TX is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.