At $2,112/mo, rent takes about 13% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
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).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Prosper usually run 2.9% below trend in February and 3% above it in August, about $125 a month apart at today's median. Based on 5 years of data.
Rent in Prosper is 5.4% below its high of $2,233 in March 2023, at $2,112 as of September 2026.
Rent in Prosper changed -0.7% over the year to September 2026. Across the 224 Texas cities Zillow tracks, the typical change was +1.0%.
Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($195,281) is $4,882 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,300).
Frisco, 6 miles away, rents for 13% less ($1,840/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Prosper. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Prosper, TX has changed in 5 years
Rent in Prosper, TX has climbed 13.9% since 2021, going from about $1,855 per month to roughly $2,112 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 8.8 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.
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Can you afford rent in Prosper on your salary?
At $2,112/mo, how Prosper rent compares to typical pay (30% rule).
Prosper rent by bedroom count
Median rent for each apartment size in Prosper. Click any size for full breakdown.
Tips for renters in Prosper
Last updated: October 17, 2026
The median rent in Prosper is $2,112/mo as of October 2026. A studio apartment averages $1,594/mo while a 2-bedroom runs $1,961/mo. One-bedroom apartments average $1,675/mo and 3-bedroom units go for $2,461/mo.
At 13% of local median household income ($195,281/yr), Prosper ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.
Frequently asked questions
How much income do you need to rent in Prosper?
Is rent going up or down in Prosper?
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How does Prosper rent compare to other cities in Texas?
At $2,112/mo, rent takes ~13% of Prosper's median household income ($195,281/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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