A new report ranked Denton with some of the cheapest rents in North Texas for a one bedroom.
Its distance from the metroplex and the college town culture to focus on affordable housing for students has made it that way.
"We also have a lot of parents of UNT students. They actually buy houses to house their kids and then rent out rooms. There's a bunch of that going on, which also puts a lid on what people can charge on their rent,” said Baen."[The students] also get their parents to cosign. So the risk of default is a lot less in Denton than it is in other places. So there's an assurance that our occupancy rate is going to stay fairly level.
Baen said overall, the culture in Denton is far different from its neighbors just miles down the road in Collin County. “We don't have the Fortune 500 companies like Frisco and Plano does – those high-paid executives. And we don't have high-rise apartment buildings that are 20 stories high, that are luxuries, we don't have the condo market that they do,” he said. “We don't have the housing market averaging $900,000. So we're still pretty laid back. And we're still Denton.”"People from Frisco are commuting from Denton because of the price differential.
We can blame it on demand for housing in general, inflation, a dramatic increase in property taxes, and Texas’ lack of rent control.that 64% of residents across the country are living that way due to increased cost of living expenses.
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