25

Studio Apartments for Rent in Allen, TX

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    Starting at $1,354

    Total Monthly Price

    • Studio - 3 Beds

    2014 Southside Blvd, Allen, TX 75013

    Discover a lifestyle of unparalleled luxury at Theo Allen Gateway. Our community is designed for those who appreciate the finer things in life, offering a sanctuary of sophistication and convenience. We offer studios, one-, two- and three-bedroom townhomes with included high-speed internet that are sure to please even those with the most discriminating tastes. Indulge in an unparalleled lifestyle

    Theo Allen Gateway

    2014 Southside Blvd, Allen, TX 75013
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    Starting at $1,205 Per Month

    • Studio - 3 Beds

    2050 Peak St, Allen, TX 75013

    Crestview Heights offers thoughtfully designed studio, one-, two-, and three-bedroom apartment homes, including select townhome-style layouts. Each residence features modern finishes, open-concept living spaces, stainless steel appliances, quartz countertops, wood-style flooring, in-home washers and dryers, and spacious closets designed to support your everyday lifestyle. Residents enjoy a

    Crestview Heights

    2050 Peak St, Allen, TX 75013
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    Starting at $1,229

    Total Monthly Price

    • Studio - 3 Beds

    1245 Blue Tractor Ln, Allen, TX 75013

    Welcome to Alta Magnolia, a vibrant new apartment community in the heart of Allen, Texas! From our thoughtfully designed apartments to our incredible amenities, Alta Magnolia is where comfort and style meet. We look forward to making you feel at home!

    Alta Magnolia

    1245 Blue Tractor Ln, Allen, TX 75013
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    Starting at $1,105

    Total Monthly Price

    • Studio - 3 Beds

    1287 Blue Trator Ln, Allen, TX 75013

    Welcome to Alta at The Farm – Where Modern Living Meets Texas Charm!Nestled in the heart of Allen, TX, Alta at The Farm offers a refreshing blend of upscale comfort and natural serenity. Whether you're sipping coffee on your private balcony or exploring nearby shops and trails, you'll love calling this vibrant community home. With stylish studio to three-bedroom layouts, luxe amenities, and a

    Alta at The Farm

    1287 Blue Trator Ln, Allen, TX 75013

Why Live in Allen

Allen's extensive recreation network includes 78 miles of hiking and biking trails connecting 200 acres of parks and green spaces. Watters Creek at Montgomery Farm serves as a central gathering spot, featuring upscale shopping and dining amid landscaped grounds that host community events. The Credit Union of Texas Event Center brings concerts and sporting events to the city, while Allen Premium Outlets provides name-brand shopping. Nature lovers frequent Connemara Meadow Preserve for birdwatching and walking trails, and families enjoy Celebration Park's sports fields and sprayground.

The Allen housing market includes a range of options across distinct neighborhoods. The median price for single family homes in Twin Creeks is $699,900, while Watters Crossing commands $655,000, and Central Allen homes list at $425,000. The citywide median sale price sits at $499,500, with median townhome prices at $519,500 and two bedroom condos at $425,000.

Allen maintains a cost of living 5.5% below the national average. A family with school-age children needs an annual income of $101,000 to live comfortably, with monthly expenses averaging $8,000. Renters should aim for $57,000 annually. The property tax rate is 1.66%, matching neighboring Plano, McKinney, and Frisco. While Texas has no state income tax, the combined sales tax rate is 8.20%.

The city's education system includes several highly rated schools. Allen High School serves multiple neighborhoods with an A rating, while Lovejoy High School earned an A+ grade. Private options include Heritage Montessori Academy and Coram Deo Academy, both A-rated institutions. Located 25 miles north of Dallas via U.S. Highway 75, Allen provides a 35 to 45 minute drive to DFW International Airport.

Frequently Asked Questions

How much does it cost to rent a home in Allen, TX?
The median rent for a home in Allen, TX is $2,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Allen, TX?
To comfortably afford the median rent in Allen, TX, a household needs to earn roughly $108,000 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 $2,700 per month in Allen, TX, renters typically need to show $8,100 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 Allen, TX?
In Allen, TX, the price-to-rent ratio is 16.4, 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 Allen, TX are best for renting a home?
The best neighborhood for renting in Allen, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Twin Creeks, Armstrong Park, Legacy, Southwest Frisco and Far North Dallas, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,700
Median Single Family Home Rent
$2,600
Median Townhouse Rent
$2,750
Median Condo Rent
$2,305
How to Rent a Home