Rentometer, Inc. | Data as of 10/23/2025
Murphy, Texas offers a welcoming suburban atmosphere that appeals to families, professionals, and anyone seeking a balanced lifestyle near the Dallas‑Fort Worth metroplex. With well‑maintained streets, reputable schools, and easy access to major highways, the city has become a favored destination for renters looking for spacious housing options. The community is anchored by charming local shops, scenic parks such as Cedar Creek Trail, and cultural events that highlight the town’s friendly spirit.
The rental market in Murphy is dominated by single‑family homes, providing a range of layouts to suit varying needs. Two‑bedroom houses typically fall within the $2,000 range, making them an attractive choice for couples or small families. For those needing extra space, three‑bedroom homes often rent in the $2,500 range, while larger four‑plus bedroom properties are commonly available in the $3,400 range, offering ample room for growing households. These homes feature modern amenities, well‑kept yards, and convenient proximity to schools like Murphy Elementary and high‑performing secondary schools.
Beyond the homes themselves, Murphy’s appeal is enhanced by its blend of suburban tranquility and urban convenience. Residents enjoy quick commutes to downtown Dallas, a variety of dining and shopping options, and recreational opportunities at nearby Lake Ray Hubbard. Whether you’re drawn by the strong sense of community, the quality of local education, or the diverse housing choices, Murphy’s rental market provides a solid foundation for a comfortable and vibrant lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| House | 2 Bedroom | $2,066 | $2,000 | $1,750 - $2,450 | $1,750 - $2,450 |
| House | 3 Bedroom | $2,520 | $2,495 | $2,200 - $3,000 | $2,400 - $2,600 |
| House | 4+ Bedroom | $3,389 | $3,200 | $2,290 - $6,995 | $2,900 - $3,600 |
In the current period, the average rent in Murphy was $2,067 for 2 Bedroom, $2,521 for 3 Bedroom, and $3,311 for 4+ Bedroom.
Data provided by Rentometer, Inc.