$1,500 Per Month
- 1 Bed
- 1 Bath
- 739 Sq Ft
- Condo for Rent
16301 Ledgemont Ln Unit 283, Addison, TX 75001
16301 Ledgemont Ln Unit 283, Addison, TX 75001
Frequently Asked Questions
How much does it cost to rent a condo in Addison, TX?
The median rent for a condo in Addison, TX is $2,200 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Addison, TX?
To comfortably afford the median rent in Addison, TX, a household needs to earn roughly $85,120 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,128 per month in Addison, TX, renters typically need to show $6,384 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Addison, TX?
In Addison, TX, the price-to-rent ratio is 21.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Addison, TX are best for renting a condo?
The best neighborhood for renting in Addison, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Southeast Carrollton, North Dallas, Preston Hollow, Far North Dallas and Central Carrollton, each with its own character and price range.
