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

801 Lancaster Avenue 4, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 700 SqFt

801 Lancaster Avenue 4, Dallas

$779
615 N Marsalis Avenue 2, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 420 SqFt

615 N Marsalis Avenue 2, Dallas

$825
3707 Mount Ranier Street 1-211, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 595 SqFt

3707 Mount Ranier Street 1-211, Dallas

$900
901 N Bishop Avenue D, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 555 SqFt

901 N Bishop Avenue D, Dallas

$925
905 N Bishop Avenue D, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 555 SqFt

905 N Bishop Avenue D, Dallas

$975
707 Seale Street 211, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 540 SqFt

707 Seale Street 211, Dallas

$999
1030 N Bishop Avenue D, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 608 SqFt

1030 N Bishop Avenue D, Dallas

$1,000
111 N Winnetka Avenue 3, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 900 SqFt

111 N Winnetka Avenue 3, Dallas

$1,025
3707 Mount Ranier Street 1-207, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 800 SqFt

3707 Mount Ranier Street 1-207, Dallas

$1,050
3707 Mount Ranier Street 1-216, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 800 SqFt

3707 Mount Ranier Street 1-216, Dallas

$1,050
1212 N Haines Avenue, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 629 SqFt

1212 N Haines Avenue, Dallas

$1,050
212 E 6th Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 600 SqFt

212 E 6th Street, Dallas

$1,095
3612 Ladd Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 936 SqFt

3612 Ladd Street, Dallas

$1,100
831 N Crawford Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,122 SqFt

831 N Crawford Street, Dallas

$1,150
1251 Moulin Rouge Drive, Dallas
  • Lease
  • 2 Beds
  • 1.1 Baths
  • 912 SqFt

1251 Moulin Rouge Drive, Dallas

$1,175
1251 Moulin Rouge Drive 125, Dallas
  • Lease
  • 2 Beds
  • 1.1 Baths
  • 912 SqFt

1251 Moulin Rouge Drive 125, Dallas

$1,200
New
954 N Windomere Avenue, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,836 SqFt

954 N Windomere Avenue, Dallas

$1,200
707 Seale Street 105, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 583 SqFt

707 Seale Street 105, Dallas

$1,205
3707 Mount Ranier Street 5-109, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 982 SqFt

3707 Mount Ranier Street 5-109, Dallas

$1,220
1118 N Zang Boulevard 201, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,100 SqFt

1118 N Zang Boulevard 201, Dallas

$1,295
1923 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,000 SqFt

1923 W 10th Street, Dallas

$1,349
711 N Beckley Avenue B, Dallas
  • Lease
  • 2 Beds
  • 1.1 Baths
  • 1,125 SqFt

711 N Beckley Avenue B, Dallas

$1,395
738 Woodlawn Avenue 446, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 4,080 SqFt

738 Woodlawn Avenue 446, Dallas

$1,400
836 N Madison, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 900 SqFt

836 N Madison, Dallas

$1,450
New
3838 Mount Ranier Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 612 SqFt

3838 Mount Ranier Street, Dallas

$1,450
1315 Kings Highway 1313, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,904 SqFt

1315 Kings Highway 1313, Dallas

$1,495
1315 Kings Highway 1315, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,904 SqFt

1315 Kings Highway 1315, Dallas

$1,495
738 Woodlawn Avenue 448, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 4,080 SqFt

738 Woodlawn Avenue 448, Dallas

$1,575
1123 Kings Highway 201, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,100 SqFt

1123 Kings Highway 201, Dallas

$1,590
727 N Zang Boulevard, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 682 SqFt

727 N Zang Boulevard, Dallas

$1,595
3836 Mount Ranier Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 800 SqFt

3836 Mount Ranier Street, Dallas

$1,600
New
952 N Windomere Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,836 SqFt

952 N Windomere Avenue, Dallas

$1,600
New
2550 Poinciana Place, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,199 SqFt

2550 Poinciana Place, Dallas

$1,650
223 N Hartsdale, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,185 SqFt

223 N Hartsdale, Dallas

$1,750
633 Haines, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 2,278 SqFt

633 Haines, Dallas

$1,750
2615 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,500 SqFt

2615 W 10th Street, Dallas

$1,775
2330 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,980 SqFt

2330 W 10th Street, Dallas

$1,850
901 N Zang Boulevard 118, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,161 SqFt

901 N Zang Boulevard 118, Dallas

$1,899
901 N Zang Boulevard 102, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,116 SqFt

901 N Zang Boulevard 102, Dallas

$1,970
1411 Kings Highway, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,344 SqFt

1411 Kings Highway, Dallas

$1,995

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