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

3724 Mount Ranier Street, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 1,155 SqFt

3724 Mount Ranier Street, Dallas

$795
2505 Wedglea Drive 125, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 670 SqFt

2505 Wedglea Drive 125, Dallas

$995
302 E 5th, Dallas
  • Lease
  • 0 Beds
  • 1 Baths
  • 475 SqFt

302 E 5th, Dallas

$1,000
110 N Willomet Avenue 4, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 860 SqFt

110 N Willomet Avenue 4, Dallas

$1,025
701 Elsbeth Street 104, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 848 SqFt

701 Elsbeth Street 104, Dallas

$1,150
701 Elsbeth Street 103, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 848 SqFt

701 Elsbeth Street 103, Dallas

$1,150
707 Seale Street 113, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 540 SqFt

707 Seale Street 113, Dallas

$1,155
2535 Wedglea Drive 210, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 736 SqFt

2535 Wedglea Drive 210, Dallas

$1,175
707 Seale Street 225, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

707 Seale Street 225, Dallas

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

604 Fort Worth Ave 1105, Dallas

$1,225
1927 W 10th Street, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,000 SqFt

1927 W 10th Street, Dallas

$1,290
1305 Kings Highway 1307a, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 4,070 SqFt

1305 Kings Highway 1307a, Dallas

$1,295
3330 Navaro Street, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,300 SqFt

3330 Navaro Street, Dallas

$1,295
901 N Zang Boulevard 301, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 595 SqFt

901 N Zang Boulevard 301, Dallas

$1,299
908 N Bishop Avenue 2-206, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

908 N Bishop Avenue 2-206, Dallas

$1,310
2535 Wedglea Drive 119, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 928 SqFt

2535 Wedglea Drive 119, Dallas

$1,325
604 Fort Worth Ave 1007, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 725 SqFt

604 Fort Worth Ave 1007, Dallas

$1,335
707 Seale Street 314, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 720 SqFt

707 Seale Street 314, 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
New
2505 Wedglea Drive 103, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 958 SqFt

2505 Wedglea Drive 103, Dallas

$1,395
431 Melba Street 1401-2, Dallas
  • Lease
  • 1 Beds
  • 1 Baths
  • 719 SqFt

431 Melba Street 1401-2, Dallas

$1,445
802 N Jester Avenue, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 876 SqFt

802 N Jester Avenue, Dallas

$1,495
628 Haines Avenue, Dallas
  • Lease
  • 3 Beds
  • 1.1 Baths
  • 1,689 SqFt

628 Haines Avenue, Dallas

$1,495
2505 Wedglea Drive 126, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 943 SqFt

2505 Wedglea Drive 126, Dallas

$1,500
New
1032 Avon Street, Dallas
  • Lease
  • 2 Beds
  • 1 Baths
  • 1,085 SqFt

1032 Avon Street, Dallas

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

901 N Zang Boulevard 213, Dallas

$1,559
New
923 Hartsdale Drive, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,458 SqFt

923 Hartsdale Drive, Dallas

$1,600
814 Elsbeth Street 1, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,100 SqFt

814 Elsbeth Street 1, Dallas

$1,650
818 N Beckley Avenue, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,312 SqFt

818 N Beckley Avenue, 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
607 N Montclair Avenue, Dallas
  • Lease
  • 3 Beds
  • 1 Baths
  • 1,500 SqFt

607 N Montclair Avenue, Dallas

$1,700
106 E 5th Street, Dallas
  • Lease
  • 2 Beds
  • 2 Baths
  • 1,516 SqFt

106 E 5th Street, Dallas

$1,750
1340 Stevens Ridge Drive, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,794 SqFt

1340 Stevens Ridge Drive, Dallas

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

707 Seale Street 227, Dallas

$1,780
1019 Eldorado Avenue, Dallas
  • Lease
  • 3 Beds
  • 2.1 Baths
  • 2,323 SqFt

1019 Eldorado Avenue, Dallas

$2,000
619 N Windomere Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 2,017 SqFt

619 N Windomere Avenue, Dallas

$2,000
826 Blaylock Drive 1, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,135 SqFt

826 Blaylock Drive 1, Dallas

$2,000
816 W 7th Street, Dallas
  • Lease
  • 3 Beds
  • 3 Baths
  • 2,205 SqFt

816 W 7th Street, Dallas

$2,100
New
427 W 10th Street 102, Dallas
  • Lease
  • 2 Beds
  • 2.1 Baths
  • 1,585 SqFt

427 W 10th Street 102, Dallas

$2,100
128 S Clinton Avenue, Dallas
  • Lease
  • 3 Beds
  • 2 Baths
  • 1,568 SqFt

128 S Clinton Avenue, Dallas

$2,200

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