$1,695 Per Month
- 2 Beds
- 2 Baths
- 1,106 Sq Ft
- Condo for Rent
5740 Martel Ave Unit B3, Dallas, TX 75206
5740 Martel Ave Unit B3, Dallas, TX 75206
Frequently Asked Questions
How much does it cost to rent a condo in Dallas, TX?
The median rent for a condo in Dallas, TX is $1,800 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Dallas, TX?
To comfortably afford the median rent in Dallas, TX, a household needs to earn roughly $87,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,185 per month in Dallas, TX, renters typically need to show $6,555 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Dallas, TX?
In Dallas, TX, the price-to-rent ratio is 17.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Dallas, TX are best for renting a condo?
The best neighborhood for renting in Dallas, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Lakewood, Old East Dallas, Lower Greenville, Northeast Dallas and White Rock Hills, each with its own character and price range.
