Alternatives to Expensive Uptown Apartments Likely on the Way For Dallas-Area Renters

Posted by Kenneth G. Cox on Sunday, March 1st, 2015 at 12:07pm

West Dallas Rentals & Apartments

Dallas’  Uptown neighborhood is one of our favorite parts of the city, and with the rapid rate of development that’s been going on there for roughly the past decade, it's safe to say we’re not the only ones who love this lively and vibrant part of town.

Towards the end of last month, news broke about Developer Leon Capital Group breaking ground on a chic, urban-style apartment project right next door to the Cityplace complex. When finished, the new apartment community will stand six stories high and house more than 150 individual rental units—just the latest of several new construction apartment projects currently underway in Uptown.

But with land prices now at over $200 a square foot and fewer and fewer empty lots to build on, developers are now asking the question “what next?”

Part of any development process of course means maximizing profitability, and with higher land prices and rent prices at, or near, capping out, Uptown is starting to become a bit too pricey for some area developers looking to minimize risk.

Instead, submarkets like West Dallas, the Design District, the Farmers Market, South Side, and near East Dallas are becoming a hotbed for both apartment builders and consumers looking for a cheaper alternative to some of downtown’s hottest, and now most expensive neighborhoods like Uptown.

Believe it or not, average apartment prices around the Uptown and downtown Dallas areas are now hovering right around $1,800 per month, meaning expanding the apartment development footprint in the city isn’t only a savvy move for developers to make, but also a necessary one.

More and more people are looking to live an urban lifestyle, especially among the younger generations, and as rent prices continue to rise, the trend of finding new development opportunities in what were once unthinkable locations will likely remain—and that’s an exciting possability to think about.

SEARCH ACTIVE RENTALS IN DALLAS' BOOMING WEST DALLAS & OAK CLIFF NEIGHBORHOODS

New
615 N Marsalis Avenue, Dallas
  • Lease
  • 0 Beds
  • 1 Baths
  • 420 SqFt

615 N Marsalis Avenue, Dallas

$825
5207 Spruce Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 748 SqFt

5207 Spruce Street, Dallas

$850
634 N Clinton Avenue 4, Dallas
  • Lease
  • 0 Beds
  • 1 Baths
  • 540 SqFt

634 N Clinton Avenue 4, Dallas

$875
826 Blaylock Drive 6, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 450 SqFt

826 Blaylock Drive 6, Dallas

$950
2505 Wedglea Drive 236, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 670 SqFt

2505 Wedglea Drive 236, Dallas

$975
202.5 E 6th Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 600 SqFt

202.5 E 6th Street, Dallas

$995
2505 Wedglea Drive 113, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 670 SqFt

2505 Wedglea Drive 113, Dallas

$995
909 Haines Avenue D, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 2,480 SqFt

909 Haines Avenue D, Dallas

$995
111 N Winnetka Avenue 3, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 900 SqFt

111 N Winnetka Avenue 3, Dallas

$1,015
212 E 6th Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 600 SqFt

212 E 6th Street, Dallas

$1,095
908 N Bishop Avenue 2-103, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 655 SqFt

908 N Bishop Avenue 2-103, Dallas

$1,232
901 N Zang Boulevard 206, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 743 SqFt

901 N Zang Boulevard 206, Dallas

$1,249
311 N Oak Cliff Boulevard, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 900 SqFt

311 N Oak Cliff Boulevard, Dallas

$1,345
801 N Bishop Avenue 1-201, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 872 SqFt

801 N Bishop Avenue 1-201, Dallas

$1,345
707 Seale Street 204, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

707 Seale Street 204, Dallas

$1,355
1230 Kings Highway 3, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 2,920 SqFt

1230 Kings Highway 3, Dallas

$1,395
New
711 N Beckley Avenue 101, Dallas
  • Lease
  • 2 Beds
  • 1.1 Baths
  • 1,125 SqFt

711 N Beckley Avenue 101, Dallas

$1,395
907 W Jefferson Boulevard C, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 3,000 SqFt

907 W Jefferson Boulevard C, Dallas

$1,595
714 W Canty Street, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,193 SqFt

714 W Canty Street, Dallas

$1,595
2423 Poinciana Place, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,546 SqFt

2423 Poinciana Place, Dallas

$1,595
1003 Haines Avenue, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,265 SqFt

1003 Haines Avenue, Dallas

$1,600
750 Fort Worth Avenue 248, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,084 SqFt

750 Fort Worth Avenue 248, Dallas

$1,647
750 Fort Worth Avenue 446, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,084 SqFt

750 Fort Worth Avenue 446, Dallas

$1,847
528 Nomas Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 768 SqFt

528 Nomas Street, Dallas

$1,850
750 Fort Worth Avenue 436, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,162 SqFt

750 Fort Worth Avenue 436, Dallas

$1,883
908 N Bishop Avenue 2-303, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,095 SqFt

908 N Bishop Avenue 2-303, Dallas

$1,899
1022 N Windomere Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,378 SqFt

1022 N Windomere Avenue, Dallas

$1,900
750 Fort Worth Avenue 332, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,268 SqFt

750 Fort Worth Avenue 332, Dallas

$1,999
750 Fort Worth Avenue 150, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,409 SqFt

750 Fort Worth Avenue 150, Dallas

$1,999
2160 Kessler Court, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,434 SqFt

2160 Kessler Court, Dallas

$2,050
838 N Bishop Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,482 SqFt

838 N Bishop Avenue, Dallas

$2,200
945 Sam Dealey Drive, Dallas
  • Lease
  • 3 Beds
  • 3 Baths
  • 2,432 SqFt

945 Sam Dealey Drive, Dallas

$2,200
1192 Clifftop Lane, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,315 SqFt

1192 Clifftop Lane, Dallas

$2,450
2217 Stevens Woods Lane, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,560 SqFt

2217 Stevens Woods Lane, Dallas

$2,450
427 W 10th Street 303, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 303, Dallas

$2,500
427 W 10th Street 301, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 301, Dallas

$2,500
427 W 10th Street 101, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 101, Dallas

$2,500
427 10th Street W 703, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 10th Street W 703, Dallas

$2,600
427 W 10th Street 701, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 701, Dallas

$2,600
2115 N Willomet Avenue, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 1,554 SqFt

2115 N Willomet Avenue, Dallas

$2,700

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