Dallas Rental Market Update - December 2025
- michaelwdarling
- Dec 24, 2025
- 2 min read
As we close out 2025, the DFW rental market shows signs of stabilization after a year of elevated supply and moderating demand. Average apartment rents ended the year around $1,584 (per RentCafe/Yardi Matrix data as of November 2025), reflecting a modest 0.8% decline year-over-year. Multifamily vacancy rates hovered at 12.0% in Q4, up from prior quarters as new deliveries slightly outpaced absorption.
Single-family rentals have held up better, with average rents near $1,995 (Zillow data as of late November 2025), showing relative stability amid strong suburban demand. Properties in growth areas like Frisco, Plano, and McKinney continue to lease faster, while urban high-rise units face more competition from concessions.
Key drivers include a slowdown in new multifamily construction (deliveries halved from 2024 peaks), sustained job growth in tech, finance, and logistics, and continued in-migration—though at a more moderate pace than pandemic highs. Economic pressures have led to selective renter behavior, favoring value and amenities.
Outlook for Owners and Renters
The market remains healthy and tenant-friendly compared to recent years, but fundamentals point to improvement ahead. Vacancies are expected to tighten gradually into 2026 as the supply pipeline shrinks, potentially supporting modest rent growth. Well-maintained, competitively priced properties—especially single-family homes and mid-tier multifamily in desirable suburbs—will continue to perform strongly. Owners should focus on proactive marketing, maintenance, and flexible leasing to minimize downtime.
Sources:
RentCafe (November 2025 data) — Average apartment rent in Dallas at $1,584, down 0.77% YoY. https://www.rentcafe.com/average-rent-market-trends/us/tx/dallas/
Matthews Real Estate Investment Services (Q4 2025 DFW Multifamily Report) — Vacancy at 12.0%, rent growth -1.8% YoY, with 3,700 units delivered vs. 2,900 absorbed in Q4. https://www.matthews.com/market_insights/dallas-fort-worth-multifamily
Zillow Rental Manager (November 2025 data) — Average rent across all property types at $1,995, slight fluctuations MoM but stable YoY. https://www.zillow.com/rental-manager/market-trends/dallas-tx/
MMG Real Estate Advisors (2025 DFW Forecast) — Projects modest rent recovery by late 2025, with deliveries dropping significantly and positive growth anticipated in 2026. https://mmgrea.com/2025-dallas-fort-worth-forecast/
At Darling Property Management, if we can help owners navigate the rental market and help with the marketing, maintenance and leasing - give us a call today!
Darling Property Management
214.471.3741
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