$950 Per Month
- 2 Beds
- 1 Bath
- 800 Sq Ft
- Condo for Rent
724-726 Allen St Unit 726, Gilmer, TX 75644
Property Id: 2422150 This 2 bedroom 1 bath duplex is located in the middle of Gilmer in a quiet neighborhood. Gilmer ISD.
Frequently Asked Questions
How much does it cost to rent a home in Gilmer, TX?
The median rent for a home in Gilmer, TX is $950 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Gilmer, TX?
To comfortably afford the median rent in Gilmer, TX, a household needs to earn roughly $38,000 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 $950 per month in Gilmer, TX, renters typically need to show $2,850 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 Gilmer, TX?
In Gilmer, TX, the price-to-rent ratio is 20.0, 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.
