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Raising the roof on DFW’s hot apartment rental market

University Apartments are walking distance to TCU
University Apartments are walking distance to TCU

Dallas-Fort Worth became one of the hottest rental markets in the country in 2014. Rents reached an all-time high, and the supply of new apartments in the Metroplex ranked second only to Washington, D.C’s.

All of which got us wondering: What can you get for your money in this competitive market?

In the recent report by MPF Research, the average monthly rent in the region increased almost 5 percent last year to $919. But we found plenty of units costing more and some that cost less.

Location matters, of course, with hot spots like the TCU area or downtown Fort Worth and Dallas at the high end. But variety of amenities is available, from travertine fireplaces and dog parks or faux wood floors and playgrounds.

Here’s a sampling of what your money will buy — or rent — across the Metroplex:

Downtown Fort Worth

Trinity Bluff Urban. With great views of the Trinity River, this 304-unit complex built in 2007 is undergoing an upgrade including granite countertops and stainless steel appliances. An enclosed dog park is planned to open this spring to join a resort-style pool and fitness center. Rent includes garage parking and membership to the Downtown Neighborhood Alliance, which hosts networking and charity events. One-bedroom units start at $952, two-bedroom units at $1,480.

Next door, the Trinity District apartments opened in April. Amenities include hardwood floors, granite countertops, 9-foot ceilings and oversize walk-in closets. There are also a fitness center, coffee bar, business center and pool with cabanas and grill. Garage parking is included. One-bedroom units start at $1,273, two-bedroom units at $1,702.

West Seventh Street

AMLI 7th Street Station. This 189-unit complex built in 1999 in the hot Seventh Street corridor sports a fitness center, pool, business center, billiards room and parking garage. Interiors include 9-foot ceilings, crown molding and oversized windows. Some units have travertine fireplaces, built-in bookcases and expansive balconies. One-bedroom units start at $1,173, two-bedroom units at $1,377.

TCU

Harvest Rock Property Management has several small complexes on University Drive within walking distance of TCU. Amenities include major appliances, hardwood floors and free on-site laundry. One-bedroom units at 3125 University Drive are being renovated and rent for $800 a month; two-bedroom units at 3419 S. University Drive rent for $1,000 a month.

GrandMarc at Westberry Place. Directly across the street from TCU, this 244-unit apartment complex includes fully furnished rooms with washer and dryer, extended basic cable and Internet, Internet café with computers and a fitness center, pool and courts for basketball and volleyball. One-bedroom units start at $1,309, two-bedroom units at $2,138.

Bryant Irvin Road

Coventry of Cityview. This 360-unit complex near Interstate 20 features granite countertops, walk-in closets and courtyard views. It was built in 1997. The grounds feature two pools with outdoor kitchens and cabanas, a playground and dog park and fitness center and spin cycle center. One-bedroom units start at $899, two bedroom units at $1,089.

Arlington

Pioneer Villas. On Pioneer Parkway in central Arlington, this 90-unit complex built in the 1960s has a laundry facility and playground. One-bedroom units rent for $550, two-bedroom units for $700. Rent does not include utilities.

Rock Ridge Apartments. One of the more upscale complexes in south Arlington, near Matlock and I-20, Rock Ridge features updated interiors and lots of amenities, such as a 24-hour fitness center and pool with a sundeck. One-bedroom units start at $820, two-bedroom units at $975 and three-bedroom units at $1,370.

North Richland Hills

Courtyards on Glenview. Upgraded in the past year, this 242-unit complex now has a playground, dog park and outdoor kitchens near pool. Unit upgrades include a faux hardwood floor and granitelike countertops. One-bedroom units start at $695, two-bedroom units at $880.

Grand Prairie

Terraces on the Parkway. A sister property to the Courtyards, this 300-unit complex on Carrier Parkway in Grand Prairie dates to 1968 but has undergone extensive upgrades in the past year. Amenities are the same as at the Courtyards and include a new fitness center. One-bedroom units start at $725, two-bedroom units at $830.

Dallas

Broadstone Ambrose. Next to a DART rail line and Deep Ellum, this 336-unit complex includes loft-style apartments with 10-foot ceilings, granite countertops, walk-in closets and floors of faux wood or stained concrete. Washer and dryer are included. The complex features a business center and café, fitness center, pool and parking garage. One-bedroom units start at $1,050, two-bedroom units at $1,550.

The Versailles. This 388-unit complex is in North Dallas near the Dallas Tollway and George Bush turnpike, where the rents are a little cheaper but amenities are still there. Outside there are a pool, picnic area with grill and free covered parking. Apartments include walk-in closets, dry bars and a fireplace or covered patio. One-bedroom units start at $697, two-bedroom units at $954.

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