$2,800 Per Month
- 3 Beds
- 2.5 Baths
- 1,942 Sq Ft
- Condo for Rent
770 N Plano Rd Unit 303, Richardson, TX 75081
770 N Plano Rd Unit 303, Richardson, TX 75081
Frequently Asked Questions
How much does it cost to rent a condo in Richardson, TX?
The median rent for a condo in Richardson, TX is $2,000 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 Richardson, TX?
To comfortably afford the median rent in Richardson, TX, a household needs to earn roughly $109,000 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 $2,725 per month in Richardson, TX, renters typically need to show $8,175 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 Richardson, TX?
In Richardson, TX, the price-to-rent ratio is 14.5, 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 Richardson, TX are best for renting a condo?
The best neighborhood for renting in Richardson, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Richardson Heights, Berkner Park, Liberty Park, Buckingham and Lake Highlands, each with its own character and price range.
