Allen, Tx Apartment Market Report}

Allen, TX Apartment Market Report

by

Nick M. Barber

Looking for a new apartment in Allen, Texas? Maybe youre just doing research on Allen apartments and youre looking for rent information and area statistics. If so, you wont be disappointed. Renters looking for an apartment in Allen can look forward to many great neighborhoods and luxurious apartment communities to choose from.

Allen is a wealthy northern suburb of Dallas. With an estimated population of 77,644 and a median age of 31 years, Allen has something to offer anyone. Like many cities in the Dallas / Fort Worth Metroplex, the economic stability of Allen is based in the strong employment market of the city. Employers such as Allen Independent School District, Presbyterian Hospital, the City of Allen, Graphic Converting, and Experian are major employers and/or have corporate headquarters located within the city. Therefore, residents have many options for employment and have benefited from the opportunities available and the median family household income in Allen is $100,736. Just as important as employment opportunities to renters looking for their next home is the educational options for their family. Allen residents are served by the Allen Independent School District, which has fifteen elementary schools, three middle schools, a freshman center, an alternate school, and is home to the only high school, Allen High School. The quality of the school system within any city is crucial to the success of both the city and its residents. Allen also has something to offer to renters looking for recreational and cultural activity outlets. Residents and visitors alike enjoy Allen for their Chase Oaks Golf Club. Another interesting fact about the city of Allen is that it has recently developed a 7,500-seat multi-purpose arena the Allen Event Center.

Throughout the city of Allen, there are a grand total of 19 apartment communities offering approximately 4,077 individual units for lease. These Allen apartments come in a wide array of price ranges, with the average one bedroom apartment renting for $930 per month. If renters are looking for a two bedroom apartment in the Allen area, recent data suggests that the average rent is approximately $1,167 per month. For renters that may need more bedroom space, they will find the rent for a three bedroom apartment in Allen averages around $1,393 per month.

With so many options to choose from in Allen, many renters look beyond just the floor plan of an apartment communitys available unit. Most renters are looking for a few extras that make the apartment community stand out from the competition when conducting the search for their next apartment home. These extras are typically referred to as the amenities of an apartment and can include unit specific amenities such as fireplaces, flooring options, and washer and/or dryer connections; or they can also refer to amenities that are included for the entire apartment property such as covered parking, on-site workout facilities, gated access, and in-unit security. Consequently, many of the apartment properties in Allen offer a variety of amenities. For example, if a renter requires upgraded parking options as a necessity for their next apartment home, 11 apartment communities offer covered parking if you would rather not park your vehicle in the open areas. If covered parking isnt enough, nine apartment properties offer assigned detached garages and an additional five offer garages that are attached to the apartment unit itself. In most cases, renters may prefer a specific geographical location within the city, also known as a neighborhood, due to employment commute or school zoning, but still have very specific amenities they are searching for. This may make the search slightly more limiting, but with so many options available in Allen, it definitely does not make the search impossible. With the right resources, a renter that needs an apartment in a particular school zone within Allens school district, for example, and they also need upgraded parking options, they would be able to narrow their search down and list only the properties that meet their needs.

While the apartment statistics included in this article dont conclusively depict the individual diversity of every apartment community in Allen, they do help to identify the many options that renters have among the Allen apartment market, as well as the challenges that renters can face without taking advantage of the right resources. Using an apartment locator, a service firm of licensed real estate brokers who specialize in acting as an intermediary between the apartment communities and apartment searchers, can not only save renters time, but can also ensure that they are aware of all of their options considering their personal apartment home criteria. One of these apartment locating firms, UMoveFree, Texas largest apartment locating company, allows renters to register on their website and search the most all-inclusive apartment database available online for the Allen area. Because renters are able to limit the search results to display only apartments for rent that meet their exact criteria; which can include number of bedrooms as well as required amenities, as well as view photos and floor plans online without visiting a single apartment community, this resource can really help to focus the renters time and attention to a select number of apartments that are guaranteed to meet their needs.

Nick Barber is a licensed real estate broker and the President/CEO of UMoveFree; one of the largest apartment finding firms in the multi-family industry. Visit UMoveFree.com for more information on

Allen Apartments

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Allen, TX Apartment Market Report}