$3,100 Per Month
- 5 Beds
- 4.5 Baths
- 3,361 Sq Ft
- House for Rent
1501 Lake Grove Dr, Little Elm, TX 75068
1501 Lake Grove Dr, Little Elm, TX 75068
Frequently Asked Questions
How much does it cost to rent a single-family home in Little Elm, TX?
The median rent for a single-family home in Little Elm, TX is $2,300 per month, though prices vary by neighborhood, size, and property type. As of May 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 Little Elm, TX?
To comfortably afford the median rent in Little Elm, TX, a household needs to earn roughly $99,800 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 $2,495 per month in Little Elm, TX, renters typically need to show $7,485 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 Little Elm, TX?
In Little Elm, TX, the price-to-rent ratio is 14.0, 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 Little Elm, TX are best for renting a single-family home?
The best neighborhood for renting in Little Elm, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Union Park, Spiritas Ranch, Northwest Frisco, Southwest Frisco and Windsong Ranch, each with its own character and price range.
