$2,549 Per Month
- 3 Beds
- 2 Baths
- 1,628 Sq Ft
- House for Rent
946 Olive Dr, Lavon, TX 75166
946 Olive Dr, Lavon, TX 75166
Frequently Asked Questions
How much does it cost to rent a single-family home in Lavon, TX?
The median rent for a single-family home in Lavon, TX is $2,363 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 Lavon, TX?
To comfortably afford the median rent in Lavon, TX, a household needs to earn roughly $95,000 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 $2,375 per month in Lavon, TX, renters typically need to show $7,125 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 Lavon, TX?
In Lavon, TX, the price-to-rent ratio is 12.3, 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 Lavon, TX are best for renting a single-family home?
The best neighborhood for renting in Lavon, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Elevon, Stone Creek-Rockwall, Woodcreek, Caruth Lakes and Waterview, each with its own character and price range.
