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DFW rental prices spike in May

DFW Rental prices increase
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The numbers are in for May and North Texas apartment rents continue to spike.

The latest information from real estate analytics firm Real Page shows Dallas-Fort Worth rents were up more than 17% in May, compared to the year before.


The average is now a record of $1,488 a month, region-wide.

In Dallas it's even higher at $1,526 per month while in Fort Worth it's about $1,373.

Also, nearly 60% of renters are planning to renew their leases compared to about 50% before the Coronavirus outbreak.

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