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City Report · TX

University Park

Pop. 25,155·1st most expensive in Texas·One of the pricier rental markets in the US
Median rent (all units)
$5,424/mo
Year-over-Year
Stable
Month-over-Month
+1.3%
vs US Median
+$3,459
Rising (Monthly)
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Most AffordableMost Expensive
University Park · $5,424
More expensive than 99% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $5,424/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$217,000/yr
Local median income
$250,001/yr
Based on the 30%-of-income rule using University Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,300
1 BR
$2,410
2 BR
$2,830
3 BR
$3,550
4 BR+
$4,560
Research median
$2,830/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
$65,088/yr
At $5,424/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.3% MoM), not inventory.
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Demographics

Who lives here

University Park, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 90.8% of residents hold a bachelor's degree or higher.

Population
25,155
Median income
$250,001
Median age
29.4
Renters
16.8%
Age distribution
28.9%
25.4%
25.5%
Under 1828.9%
18–3425.4%
35–5425.5%
55–6411.6%
65+8.6%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
82.8%
White82.8%
Black1.2%
Hispanic8.1%
Asian5.7%
Other2.1%
Education (25+)
90.8%
No HS diploma1%
HS diploma1.9%
Some college6.3%
Bachelor's+90.8%
Housing tenure
83.2%
16.8%
Owner83.2%
Renter16.8%

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

2021 vs 2026

How University Park, TX has changed in 5 years

Income
$247,045 → $250,001
up 1.2%
Population
25,029 → 25,155
up 0.5%
Renter share
16.8% → 16.8%
+0.0 pts
Bachelor's+
88.5% → 90.8%
+2.3 pts
Median age
35.3 → 29.4
-5.9 yrs

Median household income rose from $247,045 to $250,001 between 2021 and 2024, a 1.2% shift. College-educated residents now make up 90.8% of adults here, versus 88.5% in 2021.

Community

Discussions about University Park

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View University Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in University Park on your salary?

At $5,424/mo, how University Park rent compares to typical pay (30% rule).

By apartment size

University Park rent by bedroom count

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

Local insights

Tips for renters in University Park

About renting in University Park, TX

Last updated: July 20, 2026

The median rent in University Park is $5,424/mo as of July 2026. A studio apartment averages $2,300/mo while a 2-bedroom runs $2,830/mo. One-bedroom apartments average $2,410/mo and 3-bedroom units go for $3,550/mo.

At 26% of local median household income ($250,001/yr), University Park ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is University Park an affordable city for renters?

University Park is considered affordable for renters. At $5,424/mo, rent takes approximately 26% of the local median household income ($250,001/yr). The standard benchmark is 30%. University Park falls comfortably within that range.

How much income do you need to rent in University Park?

To keep rent at or below 30% of gross income, you would need to earn at least $217,000/year (~$104/hour full-time) to afford the median rent of $5,424/mo in University Park. The local median household income is $250,001/yr, meaning the typical University Park household meets that threshold.

Is rent going up or down in University Park?

Rent in University Park has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does University Park rent compare to other cities in Texas?

University Park is one of the pricier cities in Texas for rent, ranking #1 out of 269 tracked cities at $5,424/mo.

Which nearby cities are cheaper to rent in than University Park?

Several nearby cities have lower median rents than University Park ($5,424/mo): Garland ($1,519/mo), Addison ($1,571/mo), Dallas ($1,618/mo).

What percentage of University Park residents rent vs. own?

According to Census data, approximately 16.8% of University Park households are renters, while 83.2% are owner-occupied. University Park leans toward homeownership, which can mean a smaller rental inventory.

How does University Park rent compare to the national average?

University Park's median rent of $5,424/mo is $3,459 (176%) above the US national median of $1,965/mo. Within Texas, it ranks #1 out of 269 tracked cities.
Income Affordability
26%
AFFORDABLE

At $5,424/mo, rent takes ~26% of University Park's median household income ($250,001/yr). The standard benchmark is 30%.

University Park 26%Benchmark 30%
State income taxNone
Run the University Park affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near University Park, TX

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