Rentometer, Inc. | Data as of 10/23/2025
University Park, Texas, offers a vibrant rental market that blends upscale residential neighborhoods with the lively energy of a college town anchored by Southern Methodist University. Prospective renters enjoy a mix of well‑maintained apartments and spacious single‑family homes, all within walking distance of boutique shops, fine dining, and the scenic campus grounds. The area’s tree‑lined streets and proximity to popular attractions such as the Dallas Arts District and the historic Highland Park Village make it a sought‑after location for professionals, families, and students alike.
Apartment options in University Park cater to a range of lifestyle needs. Two‑bedroom units typically rent in the $3,000 range, while three‑bedroom apartments often approach the $5,000 mark, reflecting the high‑quality amenities and prime locations these properties command. For those desiring more space, houses dominate the market with diverse configurations. Two‑bedroom homes generally fall within the $3,500–$4,000 bracket, three‑bedroom residences hover around $5,500, and larger four‑plus bedroom properties command premium rates that exceed $10,000, offering ample room for growing families or shared living arrangements.
Beyond the numbers, University Park’s appeal lies in its strong sense of community and easy access to major transportation corridors, making commutes to downtown Dallas and surrounding business districts convenient. Residents benefit from well‑rated schools, abundant green spaces like the scenic Lakeside Park, and a calendar packed with cultural events. Whether you’re seeking a modern apartment near campus or a spacious family home in a tranquil setting, University Park’s rental landscape provides a compelling blend of comfort, convenience, and quality living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $2,980 | $3,025 | $2,300 - $3,800 | $2,495 - $3,500 |
| Apartment | 3 Bedroom | $5,027 | $4,700 | $3,620 - $7,500 | $3,945 - $5,700 |
| House | 2 Bedroom | $3,934 | $3,395 | $2,800 - $6,950 | $2,800 - $4,950 |
| House | 3 Bedroom | $5,502 | $5,425 | $2,500 - $9,500 | $3,975 - $6,850 |
| House | 4+ Bedroom | $11,285 | $9,800 | $2,100 - $28,000 | $8,399 - $14,000 |
In the current period, the average rent in University Park was
$3,426 for 2 Bedroom,
$5,436 for 3 Bedroom, and
$10,659 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.