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

615 N Marsalis Avenue 3, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 420 SqFt

615 N Marsalis Avenue 3, Dallas

$825
New
1030 Cedar Hill Avenue, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 775 SqFt

1030 Cedar Hill Avenue, Dallas

$900
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 2, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 900 SqFt

111 N Winnetka Avenue 2, Dallas

$1,025
701 Elsbeth Street 105, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 900 SqFt

701 Elsbeth Street 105, Dallas

$1,095
1211 Haines Avenue, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,440 SqFt

1211 Haines Avenue, Dallas

$1,150
1925 W 10th Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,000 SqFt

1925 W 10th Street, Dallas

$1,225
104 S Rosemont Avenue 4, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 920 SqFt

104 S Rosemont Avenue 4, Dallas

$1,300
802 N Jester Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 876 SqFt

802 N Jester Avenue, Dallas

$1,349
New
2505 Wedglea Drive 228, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 958 SqFt

2505 Wedglea Drive 228, Dallas

$1,350
403 Starr, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 958 SqFt

403 Starr, Dallas

$1,450
2535 Wedglea Drive 224, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,056 SqFt

2535 Wedglea Drive 224, Dallas

$1,490
209 E 6th Street, Dallas
  • Lease
  • 2 Beds
  • 1.1 Baths
  • 1,416 SqFt

209 E 6th Street, Dallas

$1,495
New
1118 N Zang Boulevard 201, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,100 SqFt

1118 N Zang Boulevard 201, Dallas

$1,595
New
3343 Topeka Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,475 SqFt

3343 Topeka Avenue, Dallas

$1,595
2626 Alco Avenue, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,326 SqFt

2626 Alco Avenue, Dallas

$1,700
New
633 Haines, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 2,278 SqFt

633 Haines, Dallas

$1,750
1922 Life, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 1,620 SqFt

1922 Life, Dallas

$1,850
2731 Alco Avenue, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,634 SqFt

2731 Alco Avenue, Dallas

$1,895
620 Westmount Avenue, Dallas
  • Lease
  • 3 Beds
  • 3 Baths
  • 1,595 SqFt

620 Westmount Avenue, Dallas

$1,899
427 W 10th Street 101, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 101, Dallas

$2,099
939 W Greenbriar Lane, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,770 SqFt

939 W Greenbriar Lane, Dallas

$2,195
427 W 10th Street 302, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 302, Dallas

$2,275
New
630 W Neely Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,415 SqFt

630 W Neely Street, Dallas

$2,400
New
623 Tenna Loma Court, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,412 SqFt

623 Tenna Loma Court, Dallas

$2,600
812 Haines, Dallas
  • Lease
  • 4 Beds
  • 2 Baths
  • 2,516 SqFt

812 Haines, Dallas

$2,750
622 Tenna Loma Court, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,447 SqFt

622 Tenna Loma Court, Dallas

$2,800
2537 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,600 SqFt

2537 W 10th Street, Dallas

$2,800
825 Thomasson, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,361 SqFt

825 Thomasson, Dallas

$3,000
1140 Manacor Lane, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 1,852 SqFt

1140 Manacor Lane, Dallas

$3,195
New
1419 Haines Avenue, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 2,317 SqFt

1419 Haines Avenue, Dallas

$3,199
1180 Manacor Lane, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 1,852 SqFt

1180 Manacor Lane, Dallas

$3,200
647 Aspen Valley Lane, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 2,376 SqFt

647 Aspen Valley Lane, Dallas

$3,295
1170 Manacor Lane, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 1,849 SqFt

1170 Manacor Lane, Dallas

$3,300
907 N Tyler Street, Dallas
  • Lease
  • 4 Beds
  • 3 Baths
  • 2,464 SqFt

907 N Tyler Street, Dallas

$3,400
731 N Oak Cliff Boulevard, Dallas
  • Lease
  • 4 Beds
  • 4.1 Baths
  • 3,249 SqFt

731 N Oak Cliff Boulevard, Dallas

$4,500
1921 Old Orchard Drive, Dallas
  • Lease
  • 4 Beds
  • 4.1 Baths
  • 3,223 SqFt

1921 Old Orchard Drive, Dallas

$5,000
773 Evergreen Hills Road, Dallas
  • Lease
  • 6 Beds
  • 5.2 Baths
  • 5,891 SqFt

773 Evergreen Hills Road, Dallas

$12,000

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