Apartment rates slowing; vacancy still lowApartment rates slowing; vacancy still lowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=174662017-08-17T05:00:00Z2017-08-17T21:40:00Z

​​line graph showing the DFW rental rate change DALLAS-FORT WORTH – Apartment rents in the Dallas area are still rising—but at a slower pace than in 2016.

Average monthly apartment rent in the Dallas area in July 2017 was $1,156—up 2.4 percent from a year earlier, according to a new report from Axiometrics.

Dallas area renters on average paid $27 a month more than in July 2016.

In the Fort Worth area th​e average rent was $1,049—$46 a month more than in July 2016.

Despite almost 30,000 new apartments opening their doors in North Texas this year, vacancy rates remain low.​

In July 2017 the Dallas area had only a 5.1 percent overall apartment vacancy and Fort Worth was 4.6 percent vacant, according to Axiometrics.​

Dallas Morning News
Dallas-Fort Worth-Arlington

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