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City Report · TX

Plano

Pop. 290,594·112th most expensive in Texas·Rental market data updated monthly for Plano, TX
Median rent (all units)
$1,713/mo
Year-over-Year
-0.7%
Month-over-Month
+1.7%
vs US Median
-$252
Rising (Monthly)
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Most AffordableMost Expensive
Plano · $1,713
More affordable than 60% of US cities · National median $1,965/mo
Rent Reality Score
70/100
Good value
OverheatedFairGreat value

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

Actual rent
$1,713/mo
Expected by trend
$1,906/mo
The Rent Reality Score compares today's median rent to where Plano's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,294
1 BR
$1,357
2 BR
$1,592
3 BR
$1,996
4 BR+
$2,562
Research median
$1,592/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
$20,556/yr
At $1,713/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.7% YoY, +1.7% MoM), not inventory.
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Demographics

Who lives here

Plano, TX is majority owner-occupied, has a median income above the national average, 60.5% of residents hold a bachelor's degree or higher.

Population
290,594
Median income
$112,253
Median age
39.6
Renters
43.1%
Age distribution
20.9%
22.2%
28.7%
13.6%
14.7%
Under 1820.9%
18–3422.2%
35–5428.7%
55–6413.6%
65+14.7%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
49.9%
16.7%
23.7%
White49.9%
Black8.8%
Hispanic16.7%
Asian23.7%
Other0.8%
Education (25+)
12.2%
21.6%
60.5%
No HS diploma5.7%
HS diploma12.2%
Some college21.6%
Bachelor's+60.5%
Housing tenure
56.9%
43.1%
Owner56.9%
Renter43.1%

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

2021 vs 2026

How Plano, TX has changed in 5 years

Rent
$1,395 → $1,713
up 22.8%
Income
$99,729 → $112,253
up 12.6%
Population
282,181 → 290,594
up 3.0%
Renter share
42.4% → 43.1%
+0.7 pts
Bachelor's+
58.1% → 60.5%
+2.4 pts
Median age
38.8 → 39.6
+0.8 yrs

Five years ago, renters in Plano, TX paid around $1,395 a month. That figure now sits near $1,713, up 22.8% from the 2021 baseline. Census figures show median household income at $112,253 today, compared with $99,729 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Plano, TX adding about 8,413 residents over the five-year window, up 3.0% on net. Bachelor's-degree-or-higher attainment moved from 58.1% to 60.5% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Plano

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

Can you afford rent in Plano on your salary?

At $1,713/mo, how Plano rent compares to typical pay (30% rule).

By apartment size

Plano rent by bedroom count

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

Local insights

Tips for renters in Plano

About renting in Plano, TX

Last updated: July 20, 2026

The median rent in Plano is $1,713/mo as of July 2026. A studio apartment averages $1,294/mo while a 2-bedroom runs $1,592/mo. One-bedroom apartments average $1,357/mo and 3-bedroom units go for $1,996/mo.

At 18% of local median household income ($112,253/yr), Plano ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

Is Plano an affordable city for renters?

Plano is considered very affordable for renters. At $1,713/mo, rent takes approximately 18% of the local median household income ($112,253/yr). The standard benchmark is 30%. Plano falls comfortably within that range.

How much income do you need to rent in Plano?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,713/mo in Plano. The local median household income is $112,253/yr, meaning the typical Plano household meets that threshold.

Is rent going up or down in Plano?

Rent in Plano has decreased 0.7% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Plano neighborhoods have the lowest rent?

The most affordable ZIP codes in Plano are 75075 ($1,597/mo), 75074 ($1,598/mo), and 75093 ($1,708/mo). Citywide, the median rent in Plano is $1,713/mo.

How does Plano rent compare to other cities in Texas?

Plano is middle-of-the-pack for Texas for rent, ranking #112 out of 269 tracked cities at $1,713/mo.

Which nearby cities are cheaper to rent in than Plano?

Several nearby cities have lower median rents than Plano ($1,713/mo): Addison ($1,571/mo), Carrollton ($1,618/mo), Richardson ($1,675/mo).

What percentage of Plano residents rent vs. own?

According to Census data, approximately 43.1% of Plano households are renters, while 56.9% are owner-occupied. Plano leans toward homeownership, which can mean a smaller rental inventory.

How does Plano rent compare to the national average?

Plano's median rent of $1,713/mo is $252 (13%) below the US national median of $1,965/mo. Within Texas, it ranks #112 out of 269 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $1,713/mo, rent takes ~18% of Plano's median household income ($112,253/yr). The standard benchmark is 30%.

Plano 18%Benchmark 30%
State income taxNone
Run the Plano affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Plano, TX

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