$1,250 Per Month
- 1 Bed
- 1 Bath
- 704 Sq Ft
- Apartment for Rent
8092 County Road 604, Alvarado, TX 76009
8092 County Road 604, Alvarado, TX 76009
Frequently Asked Questions
How much does it cost to rent a home in Alvarado, TX?
The median rent for a home in Alvarado, TX is $2,150 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Alvarado, TX?
To comfortably afford the median rent in Alvarado, TX, a household needs to earn roughly $86,000 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 $2,150 per month in Alvarado, TX, renters typically need to show $6,450 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 Alvarado, TX?
In Alvarado, TX, the price-to-rent ratio is 12.8, 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 Alvarado, TX are best for renting a home?
The best neighborhood for renting in Alvarado, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Mansfield, West Mansfield, Downtown Mansfield, North Mansfield and Garden Acres, each with its own character and price range.
