Last updated
Average Rent in Mcdermott Place & Rent Trends
Rent prices and market trends across 1 apartment community in Mcdermott Place, Addison, TX. Updated daily.
Market Average
$1,404/mo
Lowest Available
$1,345/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
5
available now
Price Cuts This Week in Mcdermott Place
12 listed units across 1 building offering 1 bed units in Mcdermott Place dropped their asking rent in the past 7 days, an average cut of $48/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| McDermott Place | Unit 16205, B2 | $1,834 | $1,708 | $126 |
| McDermott Place | Unit 02202, B2 | $1,987 | $1,946 | $41 |
| McDermott Place | Unit 07205, B3 | $2,201 | $2,160 | $41 |
| McDermott Place | Unit 13103, B4 | $2,395 | $2,354 | $41 |
| McDermott Place | Unit 14203, B5 | $2,257 | $2,216 | $41 |
| McDermott Place | Unit 16104, B4 | $2,105 | $2,064 | $41 |
| McDermott Place | Unit 16204, B5 | $2,227 | $2,186 | $41 |
| McDermott Place | Unit 17205, B2 | $1,765 | $1,724 | $41 |
Mcdermott Place vs Addison, TX Average
Mcdermott Place is cheaper the Addison, TX average by $266/mo (16%). The citywide average is $1,670/mo across all neighborhoods.
Is Rent Going Up or Down in Mcdermott Place?
As of July 2026, the average rent in Mcdermott Place is $1,404 per month across 1 apartment community and 5 available units.
The most affordable option is McDermott Place starting at $1,345/mo. By unit type, a 1-bedroom averages $1,404/mo.
Prices range from $1,345 to $1,460 per month. The most common price point is the $1,400 range, where 4 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Mcdermott Place
Rent Prices by Apartment in Mcdermott Place
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| McDermott Place | $1,345/mo | $1,404/mo | 5 | 3.8 |
Frequently Asked Questions About Rent in Mcdermott Place
What is the average rent in Mcdermott Place?
Is rent going up or down in Mcdermott Place?
What is the cheapest apartment in Mcdermott Place?
How much is a 1-bedroom apartment in Mcdermott Place?
How many apartments are available in Mcdermott Place?
What salary do I need to live comfortably in Mcdermott Place?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$56,000/year
Based on the 30 percent rule, using our tracked average rent of $1,404/mo.
Comfortable income
$67,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,345/mo), you need to earn at least $54,000/year.
Median household income in Mcdermott Place is $82,858 , about 23% above the comfortable-living threshold.
Cost of living in Mcdermott Place
Overall prices in Mcdermott Place runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Mcdermott Place's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,404 |
| Utilities | $507 |
| Groceries | $560 |
| Transportation | $1,208 |
| Healthcare | $589 |
| Other goods and services | $943 |
| Estimated total | $5,210/mo |
Population
17,128
Median household income
$82,858
Census median rent
$1,717/mo
Rent as % of income
27.4%
Median age
35.6
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Mcdermott Place Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Mcdermott Place Apartments
Browse all 1 communities with daily-updated pricing and availability.