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

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

111 N Winnetka Avenue 3, Dallas

$1,015
110 N Willomet Avenue 4, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 860 SqFt

110 N Willomet Avenue 4, Dallas

$1,125
701 Elsbeth Street 104, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 848 SqFt

701 Elsbeth Street 104, Dallas

$1,195
901 N Zang Boulevard 203, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 595 SqFt

901 N Zang Boulevard 203, Dallas

$1,199
901 N Zang Boulevard 207, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 558 SqFt

901 N Zang Boulevard 207, Dallas

$1,199
302 E 5th, Dallas
  • Lease
  • 0 Beds
  • 1 Baths
  • 475 SqFt

302 E 5th, Dallas

$1,200
1921 W 10th Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,000 SqFt

1921 W 10th Street, Dallas

$1,225
707 Seale Street 223, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

707 Seale Street 223, Dallas

$1,299
901 N Zang Boulevard 301, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 595 SqFt

901 N Zang Boulevard 301, Dallas

$1,300
908 N Bishop Avenue 2-206, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

908 N Bishop Avenue 2-206, Dallas

$1,311
2535 Wedglea Drive 119, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 928 SqFt

2535 Wedglea Drive 119, Dallas

$1,395
1927 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,000 SqFt

1927 W 10th Street, Dallas

$1,400
912 Lausanne Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 996 SqFt

912 Lausanne Avenue, Dallas

$1,445
431 Melba Street 1401-2, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 719 SqFt

431 Melba Street 1401-2, Dallas

$1,448
1122 N Zang Boulevard 202, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,622 SqFt

1122 N Zang Boulevard 202, Dallas

$1,495
755 N Van Buren Avenue, Dallas
  • Lease
  • 2 Beds
  • 1.2 Baths
  • 1,193 SqFt

755 N Van Buren Avenue, Dallas

$1,495
2510 Lapsley Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,517 SqFt

2510 Lapsley Street, Dallas

$1,500
New
417 N Montreal Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 911 SqFt

417 N Montreal Avenue, Dallas

$1,550
907 W Jefferson Boulevard C, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 3,000 SqFt

907 W Jefferson Boulevard C, Dallas

$1,595
814 Elsbeth Street 1, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,100 SqFt

814 Elsbeth Street 1, Dallas

$1,650
2017 Morris Street, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 1,420 SqFt

2017 Morris Street, Dallas

$1,750
2926 Touraine Drive, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,660 SqFt

2926 Touraine Drive, Dallas

$1,750
930 Avon Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,096 SqFt

930 Avon Street, Dallas

$1,800
750 Fort Worth Avenue 446, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,084 SqFt

750 Fort Worth Avenue 446, Dallas

$1,847
106 E 5th Street, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,516 SqFt

106 E 5th Street, Dallas

$1,850
235 Melba Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,409 SqFt

235 Melba Street, Dallas

$1,850
607 N Montclair Avenue, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,500 SqFt

607 N Montclair Avenue, Dallas

$1,895
4451 Canada Drive, Dallas
  • Lease
  • 4 Beds
  • 2 Baths
  • 1,660 SqFt

4451 Canada Drive, Dallas

$1,895
710 Cliffdale Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,059 SqFt

710 Cliffdale 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
317 N Brighton Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,450 SqFt

317 N Brighton Avenue, Dallas

$2,100
2217 Stevens Woods Lane, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,560 SqFt

2217 Stevens Woods Lane, Dallas

$2,200
1019 Eldorado Avenue, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 2,323 SqFt

1019 Eldorado Avenue, Dallas

$2,350
1031 N Winnetka Avenue, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,760 SqFt

1031 N Winnetka Avenue, Dallas

$2,400
427 W 10th Street 102, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 102, Dallas

$2,499
2001 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,592 SqFt

2001 W 10th Street, Dallas

$2,500
New
619 N Windomere Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 2,017 SqFt

619 N Windomere Avenue, 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
2051 Marydale Drive, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,497 SqFt

2051 Marydale Drive, Dallas

$2,700

Search more apartments for rent in Dallas

Leave A Comment

Format example: yourwebsitename.com

Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

Listing information last updated on August 18th, 2019 at 2:30pm CDT.

What's My DFW Home Worth? @214.764.4124 OR FIND OUT NOW!

FREE CMA