City Report · TX

Addison

Pop. 17,290·167th most expensive in Texas·Rental market data updated monthly for Addison, TX
Median rent (all units)
$1,571/mo
Year-over-Year
+4.0%
Month-over-Month
-2.7%
vs US Median
-$394
Falling (Monthly)
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Most AffordableMost Expensive
Addison · $1,571
More affordable than 71% of US cities · National median $1,965/mo
Rent Reality Score
69/100
Good value
OverheatedFairGreat value

Rents are 9% below what Addison's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,571/mo
Expected by trend
$1,734/mo
The Rent Reality Score compares today's median rent to where Addison's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,187
1 BR
$1,246
2 BR
$1,459
3 BR
$1,831
4 BR+
$2,350
Research median
$1,459/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,852/yr
At $1,571/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.0% YoY, -2.7% MoM), not inventory.
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Demographics

Who lives here

Addison, TX is majority renter-occupied, skews toward younger working-age adults, 63.8% of residents hold a bachelor's degree or higher.

Population
17,290
Median income
$73,854
Median age
35
Renters
82%
Age distribution
41.9%
29.2%
Under 188.1%
18–3441.9%
35–5429.2%
55–649.9%
65+10.9%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
51.9%
16.5%
27.8%
White51.9%
Black16.5%
Hispanic27.8%
Asian7.3%
Education (25+)
22%
63.8%
No HS diploma4.8%
HS diploma9.4%
Some college22%
Bachelor's+63.8%
Housing tenure
18%
82%
Owner18%
Renter82%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Addison, TX has changed in 5 years

Rent
$1,342 → $1,571
up 17.1%
Income
$74,012 → $73,854
down 0.2%
Population
16,405 → 17,290
up 5.4%
Renter share
82% → 82%
+0.0 pts
Bachelor's+
57.9% → 63.8%
+5.9 pts
Median age
33.4 → 35
+1.6 yrs

Five years ago, renters in Addison, TX paid around $1,342 a month. That figure now sits near $1,571, up 17.1% from the 2021 baseline. Median household income declined from $74,012 to $73,854 between 2021 and 2024, a 0.2% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Addison, TX adding about 885 residents over the five-year window, up 5.4% on net. Bachelor's-degree-or-higher attainment moved from 57.9% to 63.8% across the same window. Taken together, the five-year picture in Addison, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Addison

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View Addison rent history (2015–2026) →
Salary vs rent

Can you afford rent in Addison on your salary?

At $1,571/mo, how Addison rent compares to typical pay (30% rule).

By apartment size

Addison rent by bedroom count

Median rent for each apartment size in Addison. Click any size for full breakdown.

Local insights

Tips for renters in Addison

About renting in Addison, TX

Last updated: July 20, 2026

The median rent in Addison is $1,571/mo as of July 2026. A studio apartment averages $1,187/mo while a 2-bedroom runs $1,459/mo. One-bedroom apartments average $1,246/mo and 3-bedroom units go for $1,831/mo.

At 26% of local median household income ($73,854/yr), Addison ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

Is Addison an affordable city for renters?

Addison is considered affordable for renters. At $1,571/mo, rent takes approximately 26% of the local median household income ($73,854/yr). The standard benchmark is 30%. Addison falls comfortably within that range.

How much income do you need to rent in Addison?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,571/mo in Addison. The local median household income is $73,854/yr, meaning the typical Addison household meets that threshold.

Is rent going up or down in Addison?

Rent in Addison has increased 4.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Addison rent compare to other cities in Texas?

Addison is middle-of-the-pack for Texas for rent, ranking #167 out of 269 tracked cities at $1,571/mo.

What percentage of Addison residents rent vs. own?

According to Census data, approximately 82% of Addison households are renters, while 18% are owner-occupied. With a majority renter population, Addison has a strong rental market.

How does Addison rent compare to the national average?

Addison's median rent of $1,571/mo is $394 (20%) below the US national median of $1,965/mo. Within Texas, it ranks #167 out of 269 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,571/mo, rent takes ~26% of Addison's median household income ($73,854/yr). The standard benchmark is 30%.

Addison 26%Benchmark 30%
State income taxNone
Run the Addison affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Addison, TX

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