DALLAS — Most Texans had a harder time finding apartments in Texas this year, even as the state races to build more of them. Despite that, Dallas was the only major metro in Texas where apartment hunting got slightly easier.
A new study by RentCafe found that Dallas’ rental competitiveness index (RCI) dropped slightly from 72.3 in 2024 to 71.7. This score is calculated by combining five metrics: apartment occupancy rate, renewal lease rate, average total days vacant, share of new apartments completed in 2024 and prospective renters per vacant unit.
RentCafe credits the change to a rise in new construction, about 3.7% of the local supply, compared to 2.8% in 2024. And with more units available, apartments were on the market a couple days longer on average…