$2,295 Per Month
- 3 Beds
- 2 Baths
- 1,410 Sq Ft
- Townhouse for Rent
1213 Mill Valley Dr Unit 1214, Plano, TX 75075
1213 Mill Valley Dr Unit 1214, Plano, TX 75075
Frequently Asked Questions
How much does it cost to rent a townhouse in Plano, TX?
The median rent for a townhouse in Plano, TX is $2,583 per month, though prices vary by neighborhood, size, and property type. As of July 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 Plano, TX?
To comfortably afford the median rent in Plano, TX, a household needs to earn roughly $114,000 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 $2,850 per month in Plano, TX, renters typically need to show $8,550 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 Plano, TX?
In Plano, TX, the price-to-rent ratio is 15.3, 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 Plano, TX are best for renting a townhouse?
The best neighborhood for renting in Plano, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Spring Creek, Liberty Park, White Rock Creek, Far North Dallas and Armstrong Park, each with its own character and price range.
