In July, looking at the Plano rental listings, you can see that there are quite a few more listings than in previous years. Organizing the rental prices and square footage by unit type at this point makes it much easier to set a benchmark when actually looking for a home.

Studios have an average rent of $1,261 and an average area of 552 square feet. Plano is a suburban area north of Dallas, so there aren't many studios available, but a few urban-style complexes consistently supply them.

One-bedroom units have an average rent of $1,473 and an average area of 760 square feet. Plano has a strong demand from single professionals commuting to work, as it is home to many corporate offices, making this unit type the most widely accepted for that demand.

Two-bedroom units have an average rent of $1,913 and an average area of 1,100 square feet. Plano is well-known for its good school districts, so young families with one child or two roommates often compete for these units.

Three-bedroom units have an average rent of $2,365 and an average area of 1,432 square feet. This is considered quite high even within Texas, which indicates that many families choose Plano for its school districts. There is also a steady inquiry from Korean families with two or more children in this price range.

• Studio: about $1,261 / 552 square feet
• One-bedroom: about $1,473 / 760 square feet
• Two-bedroom: about $1,913 / 1,100 square feet
• Three-bedroom: about $2,365 / 1,432 square feet

In terms of supply, new developments in Plano show that one-bedroom and two-bedroom units are the most common, while three-bedroom units are mostly found mixed in townhome complexes. Studios represent the smallest share of the total inventory.

Looking at the rent gap, the increase from two-bedroom to three-bedroom units is significantly larger compared to other cities in Texas. This is interpreted as many three-bedroom units being located in good school districts, which adds a premium. For Korean households prioritizing school districts, it is realistic to budget for either two-bedroom or three-bedroom units, while those prioritizing commuting convenience might consider one-bedroom units. Rental prices fluctuate by season, so it is advisable to check the latest market rates before signing a lease.