With so much to do, see and experience, what’s not to love about living in the Dallas Fort Worth area? Given the explosive growth in population over the past several years, it seems everyone feels that way. To accommodate that growth, developers have been churning out more and more luxury Dallas apartments. These properties are incredible, from sparkling rooftop pools to just about every amenity and perk under the sun. Want to get in on that action? It may be easier than you think.
Read on to find out how much you’ll need to budget for to be able to rent your own luxury apartment in Dallas. Can’t swing it? We’ve also rounded up a list of ways you can tighten your belt and save so you’ll have more spending money to play with.
The primary factor that determines the cost of rent for a luxury apartment in DFW is the number of bedrooms. Here are the average starting prices, per month, below:
- 1 Bedroom: $1,250 –$6,170
- 2 Bedroom: $1,304 – $13,500
- 3 Bedroom: $2,699 – $19,655
Keep in mind, of course, these are just averages, but as you can see, Dallas luxury apartments can be surprisingly affordable. Best of all, most of them have the same or similar amenities, which makes the pricing a bit more universal.
What if those price ranges are just a bit too high for you at the moment? If you’re just shy of being able to afford the rates above or you can currently afford them, just not comfortably, here are a few ways you might be able to free up some available cash in other areas.
4 Easy Ways to Cut Costs and Save Money
Take public transportation. One of the best things about Dallas is the walkability and proximity to safe, affordable and often free public transit. Getting rid of a vehicle you don’t really need can provide you access to a lump-sum of cash you can put in savings. It can also help you save money over time, as you’ll no longer have the expense of maintaining a vehicle. One source puts this estimated savings at up to $8,472 each and every year. Wow!
Go green. Conserving energy isn’t just great for the environment. It can also help you keep more money in your pocket. If you’re already living on your own and are responsible for utility expenses, cut down your usage by switching to LED bulbs, using low-flow water fixtures and installing smart, energy-efficient appliances. (Here are a few additional tips on energy conservation and money savings.) These small changes can add up to a savings of up to $2,200 a year.
Ditch the cable. You probably can’t live without internet, but with so many other available options today, life without cable is entirely doable. It’s also super easy and could potentially save you up to $1,236 a year. The folks over at Cord Cutters News actually put together a beginner’s guide that spells out everything you need to do, including what your options are if you still want to watch live TV and your favorite shows and networks.
Cook at home. Did you know that the average American household spends about $3,000 a year dining out? The average restaurant meal costs around $13. Conversely, it only costs an average of $4 to cook a meal at home. That’s a savings of $9 with each home-prepared dish. If you’re like most Americans and you eat out about four times a week, preparing just two of these meals at home instead could save you almost $1,000 a year!
If you put all of these things together, you could save almost $13,000 a year! That averages out to around $1,080 a month – almost the cost of a one bedroom apartment! When you look at it like this, it’s clear that living in a Dallas luxury apartment isn’t some pipe dream. With a few sacrifices in the right places, it’s completely achievable. And we can help you as well! Get in touch today and let us match you with the perfect place for your needs and your budget.