Historic downtown McKinney's storefronts

Living here

Average rent in McKinney

What renters actually pay, by number of bedrooms, and how McKinney compares with Texas and the US.

Median rent

$1,841/mo

37% above US

1 bedroom

$1,426/mo

21% above US

2 bedrooms

$1,779/mo

33% above US

Renters paying 30%+ of income

49%

US 50%

Renter households

25,999

Rent by number of bedrooms

Studio$1,378a month16% above USIncome needed: $55,120/yr
1 bedroom$1,426a month21% above USIncome needed: $57,040/yr
2 bedrooms$1,779a month33% above USIncome needed: $71,160/yr
3 bedrooms$2,298a month53% above USIncome needed: $91,920/yr
4 bedrooms$2,693a month45% above USIncome needed: $107,720/yr
5+ bedrooms$2,673a month35% above USIncome needed: $106,920/yr

Median gross rent (contract rent plus utilities) for occupied rental units, by bedrooms. Income needed uses the 30% rule.

How McKinney compares

Studio: median rent
  • McKinney$1,378
  • Texas$1,149
  • United States$1,185
1 bedroom: median rent
  • McKinney$1,426
  • Texas$1,180
  • United States$1,180
2 bedrooms: median rent
  • McKinney$1,779
  • Texas$1,327
  • United States$1,338
3 bedrooms: median rent
  • McKinney$2,298
  • Texas$1,573
  • United States$1,500

Two-bedroom rent in nearby cities

Median 2-bedroom rent
Renters paying 30%+ of income

Nearby cities are other Local City Network guides in Texas, nearest first.

What rent can you afford?

$

At 30% of income you can spend about $1,779 a month.

  • Studio $1,378
  • 1 bedroom $1,426
  • 2 bedrooms $1,779
  • 3 bedrooms $2,298
  • 4 bedrooms $2,693
  • 5+ bedrooms $2,673

Green means the median McKinney rent for that size fits your budget. Landlords often ask for income of 2.5–3× the monthly rent.

How stretched are renters?

49% of McKinney renters spend 30% or more of their income on rent, and 24% spend half or more. The typical renter household puts 29.7% of its income toward rent (US: 50% and 25%).

Rent by zip code

Median gross rent for each ZIP Code Tabulation Area that overlaps McKinney.

HUD fair market rents

Studio$1,491
1 bedroom$1,536
2 bedrooms$1,807
3 bedrooms$2,275
4 bedrooms$2,892

HUD’s 2027 fair market rents for Dallas, TX HUD Metro FMR Area are the payment benchmarks for housing vouchers (about the 40th percentile of recent movers’ rents), so they often differ from the medians above.

More on living in McKinney

Neighborhoods of McKinney

Auntie Abigail's and Wishful Thinking, McKinney
McKinney April 2017 029 (Auntie Abigail's and Wishful Thinking)Michael Barera · CC BY-SA 4.0
McKinney downtown
McKinney downtown843contributor · CC BY-SA 4.0
The Pub McKinney in McKinney, Texas
McKinney April 2017 030 (The Pub McKinney)Michael Barera · CC BY-SA 4.0

Questions

What is the average rent in McKinney?

The median gross rent (rent plus utilities) is $1,841 a month, 37% above the Texas median and 37% above the national median.

How much is a one-bedroom apartment in McKinney?

The median one-bedroom rents for $1,426 a month (US: $1,180).

How much is a two-bedroom in McKinney?

The median two-bedroom rents for $1,779 a month (US: $1,338).

How much do you need to make to rent in McKinney?

Using the common 30% rule, a median two-bedroom ($1,779) takes a household income of about $71,160 a year, and a one-bedroom about $57,040.

Is rent affordable in McKinney?

About 49% of McKinney renters spend 30% or more of their income on rent, and 24% spend at least half (US: 50% and 25%).

Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates (tables B25031, B25070 and B25071). Estimates have margins of error; figures are in 2023 dollars.

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