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Newest Homes for Rent in Parker, TX

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  • /34

    $3,400 Per Month

    • 4 Beds
    • 2.5 Baths
    • 3,368 Sq Ft
    • House for Rent

    488 Prairie Hill Ln, Murphy, TX 75094

    Discover comfort, space, and convenience in this beautiful 4-bedroom, 2.5-bath home located in one of Murphy’s most desirable neighborhoods. This property is move-in ready and offers plenty of room for families, professionals, or anyone looking for a well-maintained home in a quiet suburban setting.

    Salvador Marin Sanchez EXP REALTY

    488 Prairie Hill Ln, Murphy, TX 75094
  • /40

    $4,900 Per Month

    • 5 Beds
    • 4.5 Baths
    • 4,894 Sq Ft
    • House for Rent

    7304 Meadow Glen Dr, Allen, TX 75002

    Beautiful custom built house in the sought-after city of Parker. Convenient location, excellent neighborhood, great schools, tons of space! Come to claim this mansion your home! Landlord requires household income to be at least 3 times rent, credit scores to be at least 650, proofs of income which includes but not limited to most recent two months of pay stubs or bank statements, etc. Prior

    Agent Photo

    Teresa Tong

    EXP REALTY

    (469) 884-7707

    7304 Meadow Glen Dr, Allen, TX 75002
  • /44

    $4,975 Per Month

    • 4 Beds
    • 3.5 Baths
    • 5,026 Sq Ft
    • Exquisite 1.3-Acre French-Style Estate by Alford Custom Homes – Available for Lease!

    4203 Rolling Knolls Dr, Allen, TX 75002

    Situated on approximately 1.3 landscaped acres, this French-inspired estate offers a rare combination of space, craftsmanship, and thoughtful design. Built by Alford Custom Homes, the residence features hardwood flooring, triple-stack crown molding, solid-core doors, and well-appointed bathrooms finished with travertine and granite.The main level includes a private guest suite with a full

    4203 Rolling Knolls Dr, Allen, TX 75002
  • /18

    $2,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,817 Sq Ft
    • House for Rent

    1503 Heather Brook Dr, Allen, TX 75002

    Beautifully maintained home located in the highly sought-after Allen area! 1503 Heather Brook offers a spacious and functional layout with an open-concept design, perfect for both everyday living and entertaining. Step inside to find rich wood flooring flowing through the main living areas, complemented by abundant natural light and a cozy fireplace that creates a warm and inviting atmosphere.

    Hina Patel NextHome NextGen Realty

    1503 Heather Brook Dr, Allen, TX 75002
  • /30

    $2,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,853 Sq Ft
    • House for Rent

    1608 Woodhaven Ct, Allen, TX 75002

    Ready to move in! The renovation while the Mater bath with frameless glass door shower (installed early October 2022) Kitchen countertop changed to Corian, all bedroom, living, dining and hallway update to SPC vinyl light color floor planks, new Ceiling fans, fresh interior paint. The interior paint will be touched up before tenant move-in. Great spacious open floor plan with split Master

    Jane Lee Mersaes Real Estate, Inc.

    1608 Woodhaven Ct, Allen, TX 75002
  • /17

    $9,500 Per Month

    • 5 Beds
    • 4.5 Baths
    • 5,205 Sq Ft
    • House for Rent

    5200 Norwick Dr, Parker, TX 75002

    Spectacular 1-story home with a 4-car garage on a 1.5 acre home site. Oversized back patio and gorgeous resort-style pool and spa. Large vaulted ceiling family room that opens to a spacious kitchen. Also has a very large Junior Master suite. Beautiful sliding glass doors to maximize indoor & outdoor living. Fully landscaped corner lot. Tenant pays for all utilities, and must maintain a weekly

    Daniel Skiba Avignon Realty

    5200 Norwick Dr, Parker, TX 75002

Frequently Asked Questions

How much does it cost to rent a home in Parker, TX?
The median rent for a home in Parker, TX is $9,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Parker, TX?
To comfortably afford the median rent in Parker, TX, a household needs to earn roughly $380,000 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 $9,500 per month in Parker, TX, renters typically need to show $28,500 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 Parker, TX?
In Parker, TX, the price-to-rent ratio is 12.6, 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 Parker, TX are best for renting a home?
The best neighborhood for renting in Parker, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South East Allen, Los Rios, Timberbrook, Breckinridge and Plano Park, each with its own character and price range.

Rental Home Trends in Parker, TX

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$9,500
Median Single Family Home Rent
$6,750
How to Rent a Home