The rent and utilities for 8 apartments in the uptown Dallas area will increase by about 20% in 2019, according to a press release.
The new rents come after the city raised its rent target from $2,500 a month in December to $2.5 million a month for the year, and the rent target for the two adjacent apartment buildings has been raised from $1.5 to $1,700 a month.
Tenants can also expect to pay an extra $600 a month on their utility bills, $300 a month to the property manager, and an additional $100 a month per month for maintenance, according the release.
Dallas Mayor Mike Rawlings announced the increase after residents complained that they were being priced out of the uptelown apartments, where rents have increased by about 15% in the last three years.
The apartments will now be available for rent for $2 a month or $2 per night, whichever is lower.
Residents will also have the option of paying the rent in installments over the next four years, with the first payment due in 2019.
The rent increase comes after the Dallas City Council in September raised the rent for uptown apartments by 20%.
The city will also be expanding its rent control program to more properties, which it said would help prevent rent increases.