Apartments for Rent
Apartments for Rent

Dallas Apartments for Rent

Frequently Asked Questions

Oak Cliff, South Dallas, and Lake Highlands consistently offer some of the lowest rental prices in the city, with one-bedroom apartments often ranging from $1,100 to $1,700 per month. These neighborhoods provide more square footage per dollar compared to central areas like Uptown, though commute times to downtown Dallas are typically 10–25 minutes by car. Renters willing to trade walkability for space will find the best value in these areas.
Yes, Dallas rents have softened meaningfully compared to the 2021–2022 peak, largely due to a significant wave of new apartment supply delivered across the metro in 2023 and 2024. Industry data suggests effective rents — factoring in concessions like free months and waived fees — have declined more than headline asking rents indicate. Renters currently have more negotiating leverage than at any point in the past three years, particularly at newer luxury properties with high vacancy rates.
Dallas is moderately priced compared to major coastal metros like New York, Los Angeles, or Seattle, but costs have risen substantially since 2020. The average apartment rent is approximately $1,933 per month, and when combined with Texas's lack of a state income tax, the overall cost of living remains competitive for a major U.S. city. However, Dallas residents should budget for car ownership and fuel costs, as the city's public transit network is limited outside of a few central corridors.
Most Dallas apartments do not include utilities in the base rent, though some older or smaller complexes bundle water and trash into a flat monthly fee. Electricity, gas, and internet are almost universally billed separately. Renters in high-rise buildings should expect electricity bills of $80–$150 per month depending on unit size and season, with summer cooling costs in July and August running at the higher end of that range.
The standard lease term in Dallas is 12 months, though 6-month and month-to-month options are available at a premium of roughly 10–20% above the base rate. Security deposits typically equal one month's rent, though some properties charge a flat fee of $200–$500 in lieu of a traditional deposit. Application fees generally range from $50 to $100 per adult applicant and are usually non-refundable regardless of approval outcome.
Connecting with a local Dallas apartment expert is the best & fastest way to find apartments in Dallas. You'll get access to all the current rent specials in Dallas, get a custom list of recommended buildings (some of which you might not even know about), and sign your next lease with confidence.
Apartment policies regarding AirBnB change frequently, so for the most accurate list, we recommend reaching out to one of our Locators for the most up-to-date information.
It is best to start looking for apartments in Dallas 10 weeks before your move-in date. 10 weeks will allow you to see all of the inventory available, and also give you plenty of time to tour units and consider your options.
Apartment listing websites can be great for preliminary research, but working with a Locator allows you to ask questions, get personalized suggestions, find buildings you might not have found on your own, find the best rent discounts, and ultimately sign a lease in a place that you love with zero stress and absolute confidence.
Disclaimer

Pricing, availability, and concessions are subject to change at any time and without notice. Photos may be of various model units and apartment availability and lease terms may vary. Information is believed to be accurate, however is subject to errors and omissions. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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The Principal

401 N Carroll AveDallas, TX
Old East Dallas


The Principal Apartments, Dallas

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Check back soon for upcoming availability

Building Price Trend


The Principal Overview and Highlights

Overview

The Principal, Dallas: Living History Meets Modern Luxuries


A Historic Landmark Transformed


Located in Dallas' Old East Dallas neighborhood, The Principal offers a unique residential experience within one of the city’s oldest landmark school buildings. Originally built in 1903 as Davy Crockett Elementary, this Italian Renaissance-style icon has been thoughtfully converted into distinguished studio and one-bedroom apartments without losing its historic charm. This community stands out with soaring 14-foot ceilings, expansive original windows, broad hallways reminiscent of a “second living room,” and original hardwood floors—elements that evoke a tangible sense of Dallas history.


Exceptional Design and Architecture


Each apartment at The Principal is uniquely designed to preserve the character of the former school building. Residents can enjoy features like grand staircase entrances, exposed brick accent walls, exposed ductwork, and original basketball court hardwood flooring repurposed inside the homes. Select units offer vaulted ceilings, built-in bookshelves, walk-in closets, and quartz countertops, blending vintage elegance with modern functionality. The residence also incorporates smart-home technologies and premium stainless steel appliances alongside classic details, ensuring a rare combination of comfort and sophistication.


Modern Amenities and Community Features


The Principal offers a variety of contemporary amenities that elevate everyday life. These include:


- Controlled access and gated parking for security


- A fitness center featuring a Peloton bike to promote healthy living


- A multi-use resident lounge equipped with billiards and gaming tables


- Spacious park access right across from Buckner Park, fostering an active neighborhood lifestyle


- Bicycle storage and covered parking options


Residents also benefit from washer/dryers in each unit and digital lock and key systems for convenience and security. The community’s location is ideal for those seeking proximity to downtown Dallas, Baylor University Medical Center, the nation's largest Arts District, and popular entertainment areas such as Deep Ellum and Uptown.


Location Highlights


Situated at 401 N Carroll Avenue in the vibrant 75246 ZIP code, The Principal provides an appealing blend of historic ambiance and urban accessibility. The Old East Dallas area is known for its early 20th-century architecture, community feel, and green spaces like Klyde Warren Park nearby. The neighborhood supports an active lifestyle with tennis and basketball courts next door, hiking and biking trails along the Santa Fe Trail, and a variety of festivals and community events. Commuters appreciate the quick connections to Downtown Dallas by car or bike, with major airports Dallas Love Field and Dallas-Fort Worth International easily accessible.


Final Thoughts


The Principal in Dallas offers more than just an apartment; it’s an opportunity to live inside a piece of Dallas history, thoughtfully preserved and updated with refined modern amenities. Its distinctive architecture, rich historic roots, and prime location make it a singular choice for those seeking a residential experience that marries classic charm with contemporary urban living.

Address

401 N Carroll AveDallas, TX

Building Type

Rental

Year Built

1903

Amenities

Cats
Dogs
Parking
Fitness Center
Swimming Pool
Storage Room

Frequently Asked Questions

The Principal is located in the Old East Dallas neighborhood of Dallas.
Prices & availability for The Principal were updated 1 day ago.
Yes, apartments at The Principal come equipped with in-unit washers & dryers.
Yes! You can reach out here to get in touch with a locator and see virtual tours, videos of specific units, and get more information on individual units.
The Principal has no reviews at this time on our site.
Yes, The Principal allows cats.
Yes, The Principal allows dogs. Please note that breed and size restrictions may apply.
Yes, The Principal has a dog run and a dog spa.

Location & Neighborhood

Old East Dallas


From The Blog


Disclaimer

Pricing, availability, and concessions are subject to change at any time and without notice. Photos may be of various model units and apartment availability and lease terms may vary. Information is believed to be accurate, however is subject to errors and omissions. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.