Things can change in just a matter of months, and that was certainly the case in Dallas’ rental market heading into the summer. While affordability remains a problem for many, apartment hunters in the Big D had an easier time finding a unit than they did last year as new supply and slower leasing activity eased competition.
RentCafe’s quarterly Rental Competitiveness Index found that the Dallas metro’s score (not the D-FW, mind you) fell from a 73.5 to a 70.9 year-over-year, ranking No. 51 out of 139 markets for Q2.
Apartments took an average of 40 days to lease, up slightly from 39 days last year, and each vacant unit attracted about seven prospective renters instead of eight. Meanwhile, occupancy dipped to 91.6%, down from 92.4% in Q2 of 2024.
New construction helped ease the pressure, too. Apartment stock grew by 1.07%, out pacing Q2 2024’s 0.7% expansion…