$1,700 Per Month
- 3 Beds
- 2 Baths
- 1,277 Sq Ft
- Townhouse for Rent
518 Wood Dr, Gunter, TX 75058
518 Wood Dr, Gunter, TX 75058
Frequently Asked Questions
How much does it cost to rent a townhouse in Gunter, TX?
The median rent for a townhouse in Gunter, TX is $1,595 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Gunter, TX?
To comfortably afford the median rent in Gunter, TX, a household needs to earn roughly $86,880 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 $2,172 per month in Gunter, TX, renters typically need to show $6,516 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 Gunter, TX?
In Gunter, TX, the price-to-rent ratio is 27.8, 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 Gunter, TX are best for renting a townhouse?
The best neighborhood for renting in Gunter, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include North McKinney, Painted Tree, Slaughter and Downtown Denton, each with its own character and price range.
