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Murphy, TX Condo for Rent

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  • 506 Pecos Path Dr, Murphy, TX 75094
    506 Pecos Path Dr, Murphy, TX 75094
    506 Pecos Path Dr, Murphy, TX 75094
    /19

    $2,750 Per Month

    • 4 Beds
    • 2 Baths
    • 2,163 Sq Ft
    • Condo for Rent

    506 Pecos Path Dr, Murphy, TX 75094

    Welcome to your ideal rental home in Murphy, Texas! This spacious property offers a perfect blend of comfort and convenience, making it an inviting place to call home. Featuring abundant nearby amenities, this location is just minutes away from a variety of great restaurants and department stores, enhancing your lifestyle. For your healthcare needs, Methodist Richardson Medical Center is a

    506 Pecos Path Dr, Murphy, TX 75094
Texas Collin County

Condos for Rent in Murphy, TX

Frequently Asked Questions

How much does it cost to rent a condo in Murphy, TX?
The median rent for a condo in Murphy, TX is $2,750 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Murphy, TX?
To comfortably afford the median rent in Murphy, TX, a household needs to earn roughly $110,000 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 $2,750 per month in Murphy, TX, renters typically need to show $8,250 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 Murphy, TX?
In Murphy, TX, the price-to-rent ratio is 19.2, 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 Murphy, TX are best for renting a condo?
The best neighborhood for renting in Murphy, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Armstrong Park, Bunker, Park Forest, River Bend and Buckingham, each with its own character and price range.
How to Rent a Home

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