The average apartment rent in Richardson is $1,458 per month, according to ApartmentList.com. If you're willing to pay more than $2,000, then you'll be looking at a premium unit (that's where the price points start).
The best locations are in the city center or close by, so you can easily walk to restaurants and shops—and get your daily dose of vitamin D by going outside! It's also wise to look at the neighborhood before signing a lease; if it isn't safe enough for you and your family members who will be living there with you, then maybe it's not worth paying extra money on rent just because that particular location was closer from work or school?
Price vs Renting Affordability Ratio (RAR). Your RAR should never exceed 25% of your gross income (i.e., what comes out of your paycheck after taxes). This rule applies whether or not someone else is financing part of this payment (such as parents co-signing for their children). Calculate how much money is available for rent by subtracting all other expenses from monthly income; this includes any loan payments such as car loans/leases or student loans; credit card payments; gym memberships; etcetera...
The cost of living will determine what type home you can afford. Richardson offers many options when it comes to finding affordable housing; whether it's an apartment or townhome, there is a place for everyone within this city.