Preston Hollow renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Farmers Branch, TX map (which includes Preston Hollow) of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Preston Hollow is about $1,404 per month. This puts it in the 65th percentile compared to the city average cost of rent, which is $1,556. Households in Preston Hollow have a median income of $6,772 per month so the average renter in Preston Hollow is spending roughly 21% of their earnings on housing.

Nationally, and in Preston Hollow, home values are the data point most closely correlated with the cost of rent. The median price of a home in Preston Hollow is $394,883 right now, which is lower than neighborhoods nearby, meaning that rents in Preston Hollow also tend to be lower versus these nearby neighborhoods.

Higher rent prices are common in the central parts of Preston Hollow while lower rent rates are often available in southwestern areas.

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