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

237 Melba Avenue, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 600 SqFt

237 Melba Avenue, Dallas

$875
2505 Wedglea Drive 130, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 670 SqFt

2505 Wedglea Drive 130, Dallas

$900
832 Blaylock Drive 2, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 525 SqFt

832 Blaylock Drive 2, Dallas

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

202.5 E 6th Street, Dallas

$1,050
707 Seale Street 113, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 540 SqFt

707 Seale Street 113, Dallas

$1,155
901 N Zang Boulevard 205, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 558 SqFt

901 N Zang Boulevard 205, Dallas

$1,199
604 Fort Worth Ave 1105, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 540 SqFt

604 Fort Worth Ave 1105, Dallas

$1,225
901 N Zang Boulevard 101, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 558 SqFt

901 N Zang Boulevard 101, Dallas

$1,249
901 N Zang Boulevard 211, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 743 SqFt

901 N Zang Boulevard 211, Dallas

$1,299
604 Fort Worth Ave 1007, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 725 SqFt

604 Fort Worth Ave 1007, Dallas

$1,335
319 N Oak Cliff Boulevard, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 888 SqFt

319 N Oak Cliff Boulevard, Dallas

$1,350
755 N Van Buren Avenue, Dallas
  • Lease
  • 2 Beds
  • 1.2 Baths
  • 1,193 SqFt

755 N Van Buren Avenue, Dallas

$1,395
1122 N Zang Boulevard 105, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,622 SqFt

1122 N Zang Boulevard 105, Dallas

$1,395
837 Woodlawn Avenue 839, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 839 SqFt

837 Woodlawn Avenue 839, Dallas

$1,550
901 N Zang Boulevard 213, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 914 SqFt

901 N Zang Boulevard 213, Dallas

$1,559
305 Melba Street 1404, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 871 SqFt

305 Melba Street 1404, Dallas

$1,599
2505 Wedglea Drive 210, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 958 SqFt

2505 Wedglea Drive 210, Dallas

$1,650
604 Fort Worth Ave 2121, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,030 SqFt

604 Fort Worth Ave 2121, Dallas

$1,680
2443 W 10th Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,314 SqFt

2443 W 10th Street, Dallas

$1,750
707 Seale Street 227, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,085 SqFt

707 Seale Street 227, Dallas

$1,780
427 W 10th Street 101, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 101, Dallas

$2,099
800 Melba Street, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,140 SqFt

800 Melba Street, Dallas

$2,100
427 W 10th Street 301, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 301, Dallas

$2,275
3615 Pueblo Street, Dallas
  • Lease
  • 5 Beds
  • 2.1 Baths
  • 2,061 SqFt

3615 Pueblo Street, Dallas

$2,300
2217 Stevens Woods Lane, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,560 SqFt

2217 Stevens Woods Lane, Dallas

$2,300
1039 Haines Avenue, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,283 SqFt

1039 Haines Avenue, Dallas

$2,495
428 E 6th Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,680 SqFt

428 E 6th Street, Dallas

$2,500
427 W 10th Street 701, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 701, 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
225 N Marlborough Avenue, Dallas
  • Lease
  • 4 Beds
  • 2 Baths
  • 2,724 SqFt

225 N Marlborough Avenue, Dallas

$2,950
2537 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,600 SqFt

2537 W 10th Street, Dallas

$2,995
825 Thomasson, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,361 SqFt

825 Thomasson, Dallas

$3,000
2762 Yellow Jasmine Lane, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 1,928 SqFt

2762 Yellow Jasmine Lane, Dallas

$3,400
New
1877 Stevens Bluff Lane, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 2,881 SqFt

1877 Stevens Bluff Lane, Dallas

$3,495
1952 Kessler Heights Lane, Dallas
  • Lease
  • 3 Beds
  • 3.1 Baths
  • 2,260 SqFt

1952 Kessler Heights Lane, Dallas

$3,500
1910 Kessler Parkway, Dallas
  • Lease
  • 5 Beds
  • 3.1 Baths
  • 3,113 SqFt

1910 Kessler Parkway, Dallas

$6,000

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