Rents are 11% below what Allen's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
Bedroom figures are derived from HUD Fair Market Rents and scaled to match Allen's market median, because the published HUD values all ran above it. They are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Allen usually run 0.8% below trend in February and 0.7% above it in August, about $26 a month apart at today's median. Based on 11 years of data.
Rent in Allen is 3% below its high of $1,787 in December 2023, at $1,734 as of September 2026.
Rent in Allen changed +1.2% over the year to September 2026. Across the 224 Texas cities Zillow tracks, the typical change was +1.0%.
From 2019 to 2024, rent in Allen rose 32.7% while median household income rose 23.6% ($105,925 to $130,901). Rent outpaced income.
Rent in Allen is 29.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($130,901) is $3,273 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,910); a 4-bedroom is $3,735.
Garland, 13 miles away, rents for 10% less ($1,560/mo), about $2,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Allen. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Allen, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 57.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Allen, TX has changed in 5 years
Since 2021, the typical rent in Allen, TX has increased from $1,462 to $1,734, a 18.6% change over five years. On the earnings side, the typical household in Allen, TX now reports about $130,901, up from $118,254 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 7.3% since 2021, moving from about 102,778 residents to roughly 110,265. Renters now make up 30.6% of households, compared with 27.7% five years ago. College-educated residents now make up 57.5% of adults here, versus 54.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Allen, TX reflects that arc in its own way.
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At $1,734/mo, how Allen rent compares to typical pay (30% rule).
Allen rent by bedroom count
Median rent for each apartment size in Allen. Click any size for full breakdown.
Tips for renters in Allen
Last updated: October 17, 2026
The median rent in Allen is $1,734/mo as of October 2026. A studio apartment averages $1,309/mo while a 2-bedroom runs $1,611/mo. One-bedroom apartments average $1,375/mo and 3-bedroom units go for $2,020/mo.
At 16% of local median household income ($130,901/yr), Allen ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Allen?
At $1,734/mo, rent takes ~16% of Allen's median household income ($130,901/yr). The standard benchmark is 30%.
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