How much does it cost to rent in Richardson, TX?

As of July 2026, the median monthly rent in Richardson, TX is $1,675. This figure is based on aggregated data from public sources and community-submitted rents.

Is Richardson cheaper than other Texas cities?

Richardson falls in the middle range for Texas, ranking #129 out of 269 cities at $1,675/mo.

When was Richardson rent data last updated?

Richardson rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · TX

Richardson

Name: Average Rent Prices in Richardson, TX
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 118,731·129th most expensive in Texas·Rental market data updated monthly for Richardson, TX

Median rent (all units)

$1,675/mo

Year-over-Year

-1.1%

Month-over-Month

+0.8%

vs US Median

-$290

Rising (Monthly)

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Most AffordableMost Expensive

Richardson · $1,675

More affordable than 63% of US cities · National median $1,965/mo

Rent Reality Score

71/100

Good value

OverheatedFairGreat value

Rents are 11% below what Richardson's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,675/mo

Expected by trend

$1,873/mo

The Rent Reality Score compares today's median rent to where Richardson's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,262

1 BR

$1,326

2 BR

$1,557

3 BR

$1,951

4 BR+

$2,508

Research median

$1,557/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

$20,100/yr

At $1,675/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 (-1.1% YoY, +0.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Richardson, TX is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 57% of residents hold a bachelor's degree or higher.

Population

118,731

Median income

$98,111

Median age

33.9

Renters

49.3%

Age distribution

20.2%

31.8%

25%

13%

Under 1820.2%

18–3431.8%

35–5425%

55–6410%

65+13%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

53.3%

18.3%

16.2%

White53.3%

Black11.8%

Hispanic18.3%

Asian16.2%

Other0.5%

Education (25+)

12.5%

23.8%

57%

No HS diploma6.7%

HS diploma12.5%

Some college23.8%

Bachelor's+57%

Housing tenure

50.7%

49.3%

Owner50.7%

Renter49.3%

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

2021 vs 2026

How Richardson, TX has changed in 5 years

Rent

$1,402 → $1,675

up 19.5%

Income

$87,720 → $98,111

up 11.8%

Population

115,904 → 118,731

up 2.4%

Renter share

46% → 49.3%

+3.3 pts

Bachelor's+

53.9% → 57%

+3.1 pts

Median age

35 → 33.9

-1.1 yrs

The median rent in Richardson, TX stood at $1,402 in 2021 and currently runs about $1,675, reflecting a 19.5% increase over the period. Local incomes tracked alongside that move, going from a median of $87,720 in 2021 to $98,111 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.4% since 2021, moving from about 115,904 residents to roughly 118,731. Renters now make up 49.3% of households, compared with 46% five years ago. College-educated residents now make up 57% of adults here, versus 53.9% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Richardson, TX market of 2021.

Community

Discussions about Richardson

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View Richardson rent history (2015–2026) →

Salary vs rent

Can you afford rent in Richardson on your salary?

At $1,675/mo, how Richardson rent compares to typical pay (30% rule).

Registered Nurse

Avg $93,535/yr · Rent = 21.5% income

affordable

Elementary School Teacher

Avg $66,409/yr · Rent = 30.3% income

stretched

Police Officer

Avg $76,497/yr · Rent = 26.3% income

affordable

Software Developer

Avg $136,729/yr · Rent = 14.7% income

very comfortable

Lawyer

Avg $174,705/yr · Rent = 11.5% income

very comfortable

Firefighter

Avg $62,182/yr · Rent = 32.3% income

stretched

Truck Driver

Avg $56,143/yr · Rent = 35.8% income

stretched

Electrician

Avg $69,201/yr · Rent = 29% income

affordable

By apartment size

Richardson rent by bedroom count

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

Local insights

Tips for renters in Richardson

About renting in Richardson, TX

Last updated: July 20, 2026

The median rent in Richardson is $1,675/mo as of July 2026. A studio apartment averages $1,262/mo while a 2-bedroom runs $1,557/mo. One-bedroom apartments average $1,326/mo and 3-bedroom units go for $1,951/mo.

At 20% of local median household income ($98,111/yr), Richardson ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

Is Richardson an affordable city for renters?

Richardson is considered very affordable for renters. At $1,675/mo, rent takes approximately 20% of the local median household income ($98,111/yr). The standard benchmark is 30%. Richardson falls comfortably within that range.

How much income do you need to rent in Richardson?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,675/mo in Richardson. The local median household income is $98,111/yr, meaning the typical Richardson household meets that threshold.

Is rent going up or down in Richardson?

Rent in Richardson has decreased 1.1% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Richardson neighborhoods have the lowest rent?

The most affordable ZIP codes in Richardson are 75081 ($1,590/mo), 75082 ($1,626/mo), and 75080 ($1,894/mo). Citywide, the median rent in Richardson is $1,675/mo.

How does Richardson rent compare to other cities in Texas?

Richardson is middle-of-the-pack for Texas for rent, ranking #129 out of 269 tracked cities at $1,675/mo.

Which nearby cities are cheaper to rent in than Richardson?

Several nearby cities have lower median rents than Richardson ($1,675/mo): Garland ($1,519/mo), Addison ($1,571/mo).

What percentage of Richardson residents rent vs. own?

According to Census data, approximately 49.3% of Richardson households are renters, while 50.7% are owner-occupied. Richardson leans toward homeownership, which can mean a smaller rental inventory.

How does Richardson rent compare to the national average?

Richardson's median rent of $1,675/mo is $290 (15%) below the US national median of $1,965/mo. Within Texas, it ranks #129 out of 269 tracked cities.

Income Affordability

20%

VERY AFFORDABLE

At $1,675/mo, rent takes ~20% of Richardson's median household income ($98,111/yr). The standard benchmark is 30%.

Richardson 20%Benchmark 30%

State income taxNone

Run the Richardson affordability calculator →

Nearby cities