A Newcomers Guide to Renting in Frisco Texas

Frisco, Texas, is a growing city with plenty to offer renters. Here’s a quick overview to help you navigate the rental market:

• Why Rent in Frisco?
  Frisco boasts a strong economy, excellent schools, and entertainment hotspots like The Star and Stonebriar Centre. While buying a home averages $692,983, renting is a more affordable option.
• Current Rental Trends:
  Rents in Frisco have dropped by 7% in the last month, with the median rent now at $2,917. Studio apartments average $1,406, one-bedroom units $1,693, and two-bedroom units $2,300.
• Top Neighborhoods for Renters:
  • Stonebriar: Central, upscale, close to shopping/dining.
  • Newman Village: Luxury living with resort-style amenities.
  • Panther Creek: Affordable and family-friendly.
• What Affects Rent Prices?
  Factors include location, amenities, property age, and market timing. Proximity to major employers or attractions like The Star can increase costs.
• Things to Check Before Signing a Lease:
  • Safety: Look for secure buildings with controlled access and good lighting.
  • Commute: Frisco lacks strong public transit, so living near major highways is key.
  • Amenities: Focus on essentials like in-unit laundry, covered parking, and energy efficiency.
• Helpful Tools:
  Use services like Taco Street Locating or platforms like Zillow, Rent.com, and Zumper to simplify your search.

With rental prices declining and plenty of options available, now is a great time to explore Frisco’s housing market. Whether you’re after luxury or affordability, there’s something for everyone.

Neighborhood	Best For	Average Rent (1-BR)	Key Features
Stonebriar	Upscale, central living	$1,637	Close to shopping, dining, and nightlife
Newman Village	Luxury and amenities	N/A	Resort-style pools, fitness centers
Panther Creek	Budget-friendly, families	N/A	Great schools, parks, affordable options

 

What to Know About Renting in Frisco

Average Rent and Trends

Frisco’s rental market has seen some shifts lately. Over the past year, rental prices have dropped by 5%, with a sharper 7% decline just in the last month. While rents in Frisco are trending down, this stands in contrast to the national market, where prices have either held steady or increased. But numbers only tell part of the story – several key factors influence what you’ll actually pay for rent in Frisco.

What Affects Rent Prices

Factor	Impact on Rent	Common Examples
Location	High	Close to The Star, major employers, shopping centers
Amenities	Medium	Pool, fitness center, covered parking
Property Age	Medium	Newer developments vs. older communities
Market Timing	Low-Medium	Seasonal demand, local economic conditions

Frisco’s strong economy, powered by industries like healthcare, technology, and finance, keeps housing demand steady – even during market changes. Being near major employers, shopping hubs like Stonebriar, or attractions such as The Star tends to push rental prices higher. Features like pools, fitness centers, or covered parking can also bump up costs, though to a lesser extent.

If you’re feeling overwhelmed by these variables, consider working with a local apartment locator. They have access to up-to-date price trends and can help you find the best options that fit your needs and budget.

Top Neighborhoods for Renters

Finding the right neighborhood in Frisco can make all the difference when it comes to your rental experience. Whether you’re after convenience, upscale living, or a budget-friendly option, Frisco has something for everyone.

Stonebriar

Stonebriar offers a mix of convenience and city living. Located close to Frisco’s bustling retail district, it’s just steps away from Stonebriar Centre mall and an array of dining options. If you love the idea of being in the middle of the action, this neighborhood is for you. Keep in mind, though, that the prime location comes with a higher price tag: 1-bedroom apartments average $1,637, while 2-bedroom units hover around $2,178.

Newman Village

If luxury living is what you’re after, Newman Village is the neighborhood to check out. Known for its upscale apartment communities, this area boasts resort-style pools, state-of-the-art fitness centers, and inviting clubhouse spaces. Families and professionals are drawn to its private parks, walking trails, and social spaces that add to the neighborhood’s appeal.

Panther Creek

Panther Creek strikes a balance between affordability and community charm. This established neighborhood offers more budget-friendly rental options while still providing access to excellent schools and well-kept public parks. It’s especially popular among young families and first-time renters, thanks to its welcoming atmosphere and well-maintained apartment complexes.

Once you’ve narrowed down your neighborhood options, it’s time to dive into the details that matter most before signing a lease.

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Things to Check Before Signing a Lease

Once you’ve found a neighborhood that suits your lifestyle, it’s time to dive into the details of potential apartments before putting pen to paper on a lease.

Safety and Security

Take a close look at crime reports for the area and the building’s security features. Prioritize apartments with controlled access, bright lighting in common areas, security cameras, on-site management, and reliable emergency maintenance services.

Location and Commute

Where you live plays a big role in your daily life. In Frisco, limited public transportation means you’ll likely need a car. Choosing a spot close to the Dallas North Tollway or Highway 121 can make your commute much smoother. Being near popular areas like Stonebriar Centre or The Star can also add a layer of convenience and entertainment to your routine.

Apartment Features

Frisco apartments often come with a variety of amenities, so focus on what’s important to you. Look for features like in-unit laundry for ease, covered parking to protect your car from the Texas heat, and pet-friendly policies if you have furry companions. Fitness centers can help you save on gym memberships, while pools and outdoor spaces offer spots to relax. Don’t forget to check for energy-efficient designs and utility costs – those Texas summers can send your bills soaring.

Helpful Tools for Apartment Hunting

Looking for the right apartment in Frisco can feel like a big task, but the right tools and resources can make it a lot easier. Here are some options to help you navigate the process and make solid choices.

Taco Street Locating

Taco Street Locating takes the stress out of apartment hunting by offering guided tours, comparing properties, and even helping with paperwork. They customize their services based on your budget, lifestyle, and must-have amenities. Plus, their local experts share insights about neighborhoods while managing all the details of your search, so you can focus on finding your next home.

Other Apartment Search Websites

Using both locator services and online platforms gives you a better chance of finding hidden gems or snagging new listings. Here’s a quick look at what some popular websites offer:

Website	Features
Zillow	Tracks market trends and offers detailed listings
Rent.com	Provides cost breakdowns and neighborhood information
Zumper	Offers real-time pricing and advanced filters for property types

Conclusion

Frisco’s rental market features a wide variety of options to suit different budgets, with the current median rent sitting at $2,917. Studio apartments average around $1,406, while one-bedroom units are typically $1,693, and two-bedrooms come in at about $2,300. Depending on the neighborhood, prices can vary significantly, offering choices across the city for newcomers.

“The rental market in Frisco has experienced a notable shift, with a 7% decrease in the last month alone, creating favorable conditions for potential renters looking to maximize their housing budget”, according to recent market analysis data.

This price drop creates a window of opportunity for renters. Lower costs, combined with Frisco’s well-known amenities and services, make it a great time to explore housing options. Professional apartment locators can be a valuable resource, offering insider knowledge about neighborhoods, pricing, and helping to simplify the search.

With prices ranging from $850 to $9,995, there’s something for everyone. Whether you’re looking for a high-end apartment with luxury features or a cozy, budget-friendly option, the current market conditions are worth taking advantage of in this bustling Texas city.

Armed with this information, you’re ready to dive into Frisco’s rental market. Let’s address some common questions to help you make the most of your search.

FAQs

Here are answers to some common questions about renting in Frisco.

What area in Frisco is best to live in?

Frisco offers a variety of neighborhoods to suit different lifestyles. Stonebriar stands out for its resort-like amenities, while Phillips Creek Ranch is perfect for families looking for a welcoming community. Newman Village offers upscale living with custom-built homes and beautifully maintained surroundings. If you love the outdoors, The Trails of Frisco features plenty of activities and green spaces. For those seeking luxury and added security, Starwood is a gated community with high-end amenities.

How much do you need to make to live in Frisco, Texas?

A good rule of thumb is to keep your rent below 30% of your gross monthly income. With the median rent in Frisco at $2,302, you’d need an annual income of about $92,080 (or $7,673 monthly) to comfortably afford housing. Frisco’s median household income is $151,350, which is nearly double the national average of $74,580, reflecting its status as a more affluent area.

If your income is below the median, there are still more budget-friendly neighborhoods available, though you might need to adjust your expectations regarding amenities or location. When planning your budget, keep these key factors in mind:

• Transportation and utility costs, especially with Texas’s hot climate and the average commute of 34 minutes.
• Proximity to shopping, dining, and entertainment, as closer locations often come with higher rent.

To make the search process easier, consider using services like Taco Street Locating. They can help match apartments to your budget and lifestyle, making it simpler to find the right fit in Frisco’s rental market.