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City Report · TX

Prosper

Pop. 37,869·42nd most expensive in Texas·Rental market data updated monthly for Prosper, TX
Median rent (all units)
$2,021/mo
Year-over-Year
+4.4%
Month-over-Month
-10.7%
vs US Median
+$59
Falling (Monthly)
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Most AffordableMost Expensive
Prosper · $2,021
More expensive than 60% of US cities · National median $1,962/mo
Affordability
12% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,021/mo, rent takes about 12% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$81,000/yr
Local median income
$195,281/yr
Based on the 30%-of-income rule using Prosper's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,525
1 BR
$1,603
2 BR
$1,877
3 BR
$2,355
4 BR+
$3,023
Research median
$1,877/mo

Bedroom figures are derived from HUD Fair Market Rents and scaled to match Prosper'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).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$24,252/yr
At $2,021/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+4.4% YoY, -10.7% MoM), not inventory.
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Demographics

Who lives here

Prosper, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.5% of residents hold a bachelor's degree or higher.

Population
37,869
Median income
$195,281
Median age
37.6
Renters
12.1%
Age distribution
32.7%
13.8%
35.8%
Under 1832.7%
18–3413.8%
35–5435.8%
55–648.5%
65+9.2%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
62.6%
12.1%
15%
White62.6%
Black7.4%
Hispanic12.1%
Asian15%
Other2.9%
Education (25+)
19.8%
66.5%
No HS diploma2.2%
HS diploma11.5%
Some college19.8%
Bachelor's+66.5%
Housing tenure
87.9%
12.1%
Owner87.9%
Renter12.1%

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

2021 vs 2026

How Prosper, TX has changed in 5 years

Rent
$1,830 → $2,021
up 10.4%
Income
$159,164 → $195,281
up 22.7%
Population
28,825 → 37,869
up 31.4%
Renter share
12.5% → 12.1%
-0.4 pts
Bachelor's+
63.7% → 66.5%
+2.8 pts
Median age
35.2 → 37.6
+2.4 yrs

Rent in Prosper, TX has climbed 10.4% since 2021, going from about $1,830 per month to roughly $2,021 today. Local incomes tracked alongside that move, going from a median of $159,164 in 2021 to $195,281 more recently. Income growth outran rent by about 12.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 28,825 to 37,869 between 2021 and 2024, a 31.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.7% to 66.5%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Prosper, TX market of 2021.

Community

Discussions about Prosper

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

Can you afford rent in Prosper on your salary?

At $2,021/mo, how Prosper rent compares to typical pay (30% rule).

By apartment size

Prosper rent by bedroom count

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

Local insights

Tips for renters in Prosper

About renting in Prosper, TX

Last updated: August 17, 2026

The median rent in Prosper is $2,021/mo as of August 2026. A studio apartment averages $1,525/mo while a 2-bedroom runs $1,877/mo. One-bedroom apartments average $1,603/mo and 3-bedroom units go for $2,355/mo.

At 12% of local median household income ($195,281/yr), Prosper ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

Is Prosper an affordable city for renters?

Prosper is considered very affordable for renters. At $2,021/mo, rent takes approximately 12% of the local median household income ($195,281/yr). The standard benchmark is 30%. Prosper falls comfortably within that range.

How much income do you need to rent in Prosper?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,021/mo in Prosper. The local median household income is $195,281/yr, meaning the typical Prosper household meets that threshold.

Is rent going up or down in Prosper?

Rent in Prosper has increased 4.4% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Prosper rent compare to other cities in Texas?

Prosper is one of the pricier cities in Texas for rent, ranking #42 out of 267 tracked cities at $2,021/mo.

Which nearby cities are cheaper to rent in than Prosper?

Several nearby cities have lower median rents than Prosper ($2,021/mo): Aubrey ($1,785/mo), McKinney ($1,806/mo), Frisco ($1,852/mo).

What percentage of Prosper residents rent vs. own?

According to Census data, approximately 12.1% of Prosper households are renters, while 87.9% are owner-occupied. Prosper leans toward homeownership, which can mean a smaller rental inventory.

How does Prosper rent compare to the national average?

Prosper's median rent of $2,021/mo is $59 (3%) above the US national median of $1,962/mo. Within Texas, it ranks #42 out of 267 tracked cities.
Income Affordability
12%
VERY AFFORDABLE

At $2,021/mo, rent takes ~12% of Prosper's median household income ($195,281/yr). The standard benchmark is 30%.

Prosper 12%Benchmark 30%
State income taxNone
Run the Prosper affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Prosper, TX

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