| ||Efficiency||1 Bedroom||2 Bedroom||3 Bedroom|
|# Communities Offering:||10||23||23||8|
|Effective Rent per Sq.Ft.|
Looking for apartments in Addison, TX?
The city of Addison, Texas, covers an area of just 4.35 square miles, yet the city is probably most well known for its number of restaurants. With more than 170 eating establishments, Addison can seat more than 20,000 patrons at one time. For a city that has only 14,000 permanent residents, this means that every resident in Addison could go out to eat and be seated at the same time. 1975's election to allow liquor to be served in town probably helped with that expansion. Not surprisingly, Addison is a favorite home for apartment dwellers who are single.
Addison's location, just 15 minutes north of Dallas along the Dallas North Tollway, ensures its future growth. Recent construction of apartments in Addison, TX includes Vitruvian Park, where property developer United Dominion Realty is under Phase II construction on of a new multi-family community. This $1 billion project will bring 5,400 new residential units to the city; SNK Realty recently completed construction on Allegro, a 262-unit mixed-use multi-family project; and 15777 Quorum, a Fairfield Residential property, includes 414 new multi-family units in Addison Circle, west of Quorum Drive.
Addison lies within the united Carrollton-Farmers Branch I.S.D. and the Dallas I.S.D. (One of the its newest schools, George Herbert Walker Bush Elementary School, may suggest the area's political leanings.) The median household income is $57,112; the median cost of a single family home is $278,000; property taxes are 43.37 cents per $100 appraised value. The top employers in the area include Mary Kay Cosmetics, Inc., Bank of America, and the law firm of Barrett Burke Wilson & Castle.
Obviously, anyone searching for Addison apartments will have a wide selection to choose from. There are probably more apartments in Addison, TX than there are restaurants. Addison apartments vary in price depending on location. One thing to consider: DART provides bus service along the Tollway but not rail. If bringing your own vehicle, invest in a toll tag available through ntta.org.
The city boasts 25 different apartment communities offering 5,397 individual apartment homes for rent. The average rent for apartments in Addison, TX is $1,057.