A 2026 Look at the Average Rent in Highland Park, TX

In mid-2026, the median sale price for homes in Highland Park, TX sits at roughly $2.72 million, with properties spending just about 15 days on the market. Because buying requires substantial capital and moves quickly, renting is a common alternative for corporate relocations and university faculty.

Understanding the average rent in Highland Park, TX, requires looking at both the multi-family units and the larger private estates. Renting here carries a premium, reflecting the area's high property values and immediate proximity to Dallas.

Current Rental Averages in Highland Park

As of June 2026, the overall average rent in Highland Park hovers around $5,000 per month across all property types.

This figure represents a blend of smaller apartment units and large private houses. Rental costs vary widely based on the specific square footage, the age of the building, and the exact street within the 75205 zip code.

Compared to national figures, leasing a property in this municipality requires a larger budget. Highland Park's median rent is roughly 156% above the 2026 national average, aligning with the high barrier to entry in the local purchase market.

Prospective tenants should expect firm financial underwriting from landlords. Most property management companies and private owners require proof of income that easily exceeds the monthly lease amount.

Breaking Down Rental Costs by Property Type

The rental inventory in Highland Park is split between multi-family buildings near commercial corridors and single-family houses on residential streets.

Renters will find that pricing scales predictably with square footage and bedroom counts. Older multi-family buildings often present the lowest entry point, while newer construction demands top-tier pricing.

Single-family homes make up a substantial portion of the rental pool, particularly for clients seeking long-term leases. These properties often include private yards and garages, adding to the monthly cost compared to shared apartment complexes.

One-Bedroom Apartments and Studios

One-bedroom apartments in Highland Park currently average about $2,136 per month. These units typically offer around 958 square feet of living space, making them a common choice for single professionals or graduate students.

Many of these multi-family buildings include modern upgrades like controlled access parking and on-site fitness centers. Renters should ask whether these amenity fees are rolled into the base rent or billed separately.

Townhomes and Multi-Bedroom Units

Tenants needing more space will see a noticeable jump in monthly rates. Two-bedroom units average around $4,375 per month, while three-bedroom properties generally lease for about $5,424 per month.

Townhomes often provide multiple floors and attached parking. These units appeal to renters who want more square footage without the maintenance requirements of a full residential lot.

Single-Family Houses

Leasing a single-family house in Highland Park generally starts around $8,000 per month. A standard four-bedroom house averages roughly $8,099 per month, though custom builds with larger lots command much higher rates.

High-end residential leases usually place the burden of property upkeep on the tenant. You should clarify who handles landscaping, pool maintenance, and minor repairs before signing a multi-year agreement.

How Location Features Impact Pricing

Highland Park sits approximately five miles north of Downtown Dallas, making geography a primary driver of its housing costs.

Properties located near major transit routes command different rates based on convenience and traffic patterns. Proximity to major employment hubs and university campuses dictates much of the local rental demand.

Renters evaluating different streets within the town should consider how their daily commute aligns with local infrastructure. Access to specific highways can cut transit times across the Metroplex.

• Downtown Dallas Commute: Access to the Dallas North Tollway and US 75 allows residents to reach the city center in about 10 to 15 minutes during normal traffic.
• University Proximity: Homes bordering Southern Methodist University (SMU) see consistent demand from faculty and staff, keeping rental rates firm year-round.
• Metroplex Access: The central location provides direct routes to the broader Dallas-Fort Worth employment centers, reducing daily drive times for corporate commuters.

Local Infrastructure and Amenities

Renters pay a premium for Highland Park's established municipal services and centralized commercial districts.

The area features high-end retail options, most notably Highland Park Village and the Knox Street Retail District. These commercial centers offer grocery stores, dining, and boutique shopping within a short distance of residential streets.

The local park system is another feature that draws long-term tenants. Residents have access to Lakeside Park, Prather Park, and the paved trails running along Turtle Creek.

Public education is a frequent consideration for renters signing multi-year leases. The Highland Park Independent School District (HPISD) maintains high state ratings, which consistently supports property values and rental rates within its attendance zones.

Highland Park vs. the Dallas-Fort Worth Metroplex

The city of Dallas shows an average rent between $1,588 and $1,875 in mid-2026, highlighting the distinct pricing tier of the Park Cities.

Highland Park demands a premium of over $3,000 per month compared to the broader Dallas city average. This gap reflects the limited inventory of roughly 44 available homes and the high barrier to entry for property investors.

Neighboring University Park shares similar pricing characteristics, though specific block-by-block rates can fluctuate based on proximity to the SMU campus. Both municipalities operate independently from Dallas, providing their own police, fire, and library services.

Renters looking at the broader North Texas market will find more affordable square footage in the northern suburbs. Securing a lease in Highland Park offers a central location and specific municipal features that the outer suburbs do not replicate.

Frequently Asked Questions

What is the average rent in Highland Park, TX?

As of mid-2026, the overall average rent across all property types is approximately $5,000 per month. This figure blends the lower costs of one-bedroom apartments with the high monthly rates of large single-family houses.

How much is a studio apartment in Highland Park, TX?

Studio and one-bedroom apartments generally start around $2,136 per month. These smaller units average about 958 square feet and often include shared building amenities.

What salary do I need to afford rent in Highland Park?

Landlords typically require tenants to earn gross monthly income that is three times the rent. For an average $5,000 lease, a renter would need to show an annual salary of at least $180,000 to qualify.

Do rent prices in Highland Park drop in the winter?

The local rental market sees slightly less activity between November and January. While base prices rarely drop noticeably, property owners are sometimes more willing to negotiate lease terms or waive application fees during these slower months.

How does rent in Highland Park compare to the rest of the Dallas-Fort Worth metroplex?

Highland Park leases for a massive premium compared to the surrounding region. While the broader city of Dallas averages under $1,900 per month, Highland Park's $5,000 average reflects its independent municipal services and central location.

Are HOA dues and landscaping typically included when renting a single-family estate in Highland Park?

Single-family leases usually require the tenant to cover landscaping and pool maintenance out of pocket. If the property sits within a homeowner's association, the landlord typically pays the HOA dues, but renters should verify this in the lease agreement.