Dallas Area Residential Sales Report – Allen Single Family Leases

In July 2025, the single-family residential lease market in Allen, Texas, was a bit of a mixed bag, but generally speaking, it’s still a pretty strong market, although with some signs of leveling off.

Here’s a breakdown in plain language:

Rents are cooling slightly. While Allen has seen a big jump in rental costs over the last few years, the average rent for all property types was hovering around $2,700, and some data even showed a slight decrease month-over-month and year-over-year. This suggests that the rapid rent growth has slowed down, which could be a bit of a relief for renters. For single-family homes specifically, the average rent for a 3-bedroom house was around $2,544, and a 4-bedroom was about $3,444.
Inventory is on the rise. There are more homes for rent available now compared to recent years. This increased supply gives potential renters more options and a little more breathing room, so they don’t have to jump on the first place they see.
The market is becoming more balanced. The rise in inventory and the slower rent growth are signs that the market is shifting from a super-hot, landlord-friendly environment to a more balanced one. Renters have a bit more bargaining power than they used to.
Despite the slow-down, it’s still an expensive place to rent. While the rent increases have leveled off, the overall cost of renting in Allen remains high, significantly above the national average.

In short, the Allen single-family rental market in July 2025 was less frantic than in previous years, with rents stabilizing and more choices for renters, but it’s still a costly area to live in.