SOLD YOUR HOME BUT HAVEN’T RENTED IN YEARS? SECOND-CHANCE LUXURY APARTMENTS NEAR PRESTON CENTER & UNIVERSITY PARK | 1–3 BEDROOM APARTMENTS FROM $2,805+ | CONCIERGE + ROOFTOP POOL
Prices are subject to change without notice. Prices reflect today’s date: August 21, 2026. Advertised pricing does not indicate that a property offers second-chance approval.
Finding a luxury apartment near Preston Center or University Park can be surprisingly difficult when you have owned a home for many years but do not have recent apartment rental history.
This situation commonly affects:
- Empty Nesters
- Retirees
- Widows and Widowers
- Recently Divorced Homeowners
- People Relocating After Selling a Home
- Former Homeowners Recovering From Foreclosure
- Applicants Living on Retirement or Investment Income
- Renters With Significant Savings but Limited Monthly Employment Income
You may have substantial assets, excellent homeownership history, and enough money to afford the rent but still struggle to satisfy an apartment community’s standard rental-history or income-verification requirements.
The good news is that some apartment communities near Preston Center, University Park, Preston Hollow, and North Dallas may consider assets, retirement income, investment distributions, home-sale proceeds, bank statements, employment income, and the applicant’s overall financial strength.
As a Dallas–Fort Worth Apartment Locator specializing in Second Chance Leasing, I help former homeowners identify realistic apartment options before valuable time and application fees are spent.
Community Overview
Preston Center is an upscale North Dallas district near University Park, Highland Park, Preston Hollow, NorthPark Center, and Southern Methodist University.
The area provides convenient access to luxury shopping, restaurants, healthcare, professional offices, parks, and some of Dallas’ most established residential neighborhoods.
Nearby rental options may include:
- Luxury Apartments
- High-Rise Apartments
- Mid-Rise Communities
- Studios
- One-Bedroom Apartments
- Two-Bedroom Apartments
- Three-Bedroom Apartments
- Penthouses
- Townhomes
- Privately Owned Condominiums
- Furnished Corporate Apartments
- Age-Targeted Luxury Communities
The area may be ideal for:
- Empty Nesters
- Retirees
- Former Homeowners
- Widows and Widowers
- Recently Divorced Applicants
- Corporate Executives
- Healthcare Professionals
- Financial Professionals
- Attorneys
- SMU Employees
- Remote Employees
- Renters Relocating to Dallas
- Applicants With Strong Assets
- Renters Wanting a Low-Maintenance Lifestyle
Luxury apartment communities may feature concierge and valet services, rooftop pools, modern fitness centers, resident lounges, coworking areas, controlled access, parking garages, pet amenities, floor-to-ceiling windows, and convenient access to shopping and dining.
Current Special
Apartment communities near Preston Center may currently offer:
- One Month Free
- Four to Eight Weeks Free on Select Apartments
- Reduced Deposits
- Reduced Application Fees
- Look & Lease Specials
- Waived Administrative Fees
- Preferred Employer Discounts
- Corporate Relocation Incentives
- Reduced Pricing on Select Floor Plans
- Limited-Time Move-In Incentives
Specials may be limited to specific apartments, lease terms, application dates, or move-in dates.
An apartment community may calculate income qualification using the full market rent rather than the discounted effective rent.
Specials change frequently and vary by property.
Discounts Available
Some apartment communities may offer discounts for:
- Preferred Employers
- Corporate Relocation
- Healthcare Professionals
- Teachers
- University Employees
- Military Members
- Veterans
- First Responders
- Employees of Nearby Hospitals
- Employees of Participating North Dallas Businesses
Some properties may also offer specialized programs or qualification methods for retirees and applicants using verified assets.
Discount availability varies by apartment community and verification requirements.
Typical Apartment Pricing
1 Bedroom Apartments
Starting around $2,805+
2 Bedroom Apartments
Starting around $3,915+
3 Bedroom Apartments
Starting around $5,818+
Luxury communities near Preston Center currently advertise one-bedroom apartments from approximately $2,805, two-bedroom apartments from approximately $3,915, and three-bedroom apartments from approximately $5,818. University Park luxury rental listings
Selected private condominiums and premium residences may cost considerably more. Current listings in and around University Park include three-bedroom residences ranging from approximately $5,899 to more than $10,000 per month.
Pricing varies based on availability, floor plan, property, lease term, location, required monthly fees, and current specials.
Policies & Qualification Information
Most luxury apartment communities require:
- Income of Approximately Three Times the Monthly Rent
- Credit Check
- Rental History Verification
- Background Screening
- Income or Asset Verification
- Government-Issued Identification
- Renters Insurance
Some communities may consider applicants with:
- No Recent Apartment History
- Long-Term Homeownership History
- Retirement Income
- Social Security Income
- Pension Income
- Investment Income
- Trust Income
- Annuity Income
- Home-Sale Proceeds
- Significant Savings
- Limited Credit History
- Bad Credit
- Foreclosure History
- Bankruptcy
- Broken Leases
- Previous Evictions
- Rental Debt
- Collections
- New Employment
- Relocation
- First-Time Renting
- Co-Signers
- Misdemeanors
- Certain Felonies
Approval guidelines vary by property.
Application & Move-In Costs
Typical move-in expenses may include:
- Application Fee
- Administrative Fee
- Security Deposit
- Conditional or Increased Deposit
- Pet Deposit, if Applicable
- Pet Fee
- First Month’s Rent
- Prorated Rent
- Utility Setup Costs
- Parking Fees
- Valet Fees
- Amenity Fees
- Package-Service Fees
- Renters Insurance
Former homeowners or applicants using assets may be asked to provide:
- Personal Bank Statements
- Investment Account Statements
- Retirement Account Statements
- Pension Award Letter
- Social Security Benefit Letter
- Annuity Statements
- Trust Distribution Statements
- Closing Disclosure From a Home Sale
- Proof of Mortgage Payment History
- Tax Returns
- Government-Issued Identification
- Proof of Available Liquid Assets
Application and administrative fees are often nonrefundable.
Each apartment community maintains different qualification requirements, documentation standards, and move-in costs.
Pet Policy
Many luxury apartment communities near Preston Center are pet-friendly and may offer:
- Dogs Welcome
- Cats Welcome
- Dog Parks
- Pet-Washing Stations
- Walking Areas
- Nearby Parks
- Private Pet Yards on Select Apartments
- Breed Restrictions May Apply
- Weight Restrictions May Apply
- Monthly Pet Rent
- One-Time Pet Fees
- Refundable Pet Deposits
- Pet Screening
Policies vary by property.
Qualification Guidelines
Former homeowners generally have stronger approval odds when they can provide:
- Strong Mortgage Payment History
- Verifiable Home-Sale Proceeds
- Sufficient Liquid Assets
- Stable Retirement Income
- Consistent Investment Distributions
- Pension or Social Security Income
- Positive Credit Payment History
- Accurate Financial Documentation
- Strong Employment or Income History
- Honest Rental and Credit Information
- Strong Overall Qualifications
An applicant without recent rental history is not automatically considered a high-risk renter.
However, apartment communities may be unable to verify traditional landlord references when someone has owned a home for many years. The applicant may need to provide alternative evidence of financial responsibility.
Helpful documentation may include:
- Mortgage Statements
- Proof of On-Time Mortgage Payments
- Property Tax Payment Records
- Homeowners Insurance History
- Home-Sale Closing Documents
- Bank Statements
- Investment Statements
- Retirement Income Documentation
- Letters Explaining the Housing Transition
Some apartment communities use asset-based qualification formulas. A property may divide qualifying liquid assets across the lease term to determine whether the applicant meets its income requirement.
Other properties require monthly income regardless of the applicant’s savings.
Retirement accounts may not always be counted at their full value because the funds may be restricted, invested, or subject to withdrawal rules. Liquid checking, savings, money-market, or accessible investment accounts may receive different treatment.
Each apartment community evaluates applications individually.
Interior Amenities
Many luxury apartment communities near Preston Center may offer:
- Floor-to-Ceiling Windows
- Dallas Skyline Views
- Stainless-Steel Appliances
- Granite or Quartz Countertops
- Gourmet Kitchen Islands
- Custom Cabinetry
- Wine Refrigerators
- Gas Cooktops
- Hardwood-Style Flooring
- Walk-In Closets
- Double Vanities
- Garden Tubs
- Glass Showers
- Smart-Home Technology
- Washer and Dryer Included
- Private Balconies
- Private Patios
- High Ceilings
- USB Charging Stations
- Energy-Efficient Appliances
- Built-In Desks
- Keyless Entry
- Spacious One-, Two-, and Three-Bedroom Floor Plans
- Penthouse Floor Plans
Interior features vary by property and floor plan.
Community Amenities
Residents may enjoy:
- Rooftop Swimming Pools
- Resort-Style Swimming Pools
- Modern Fitness Centers
- Yoga Studios
- Resident Lounges
- Coworking Spaces
- Business Centers
- Conference Rooms
- Private Dining Rooms
- Concierge Services
- Valet Services
- Package Lockers
- Controlled-Access Buildings
- Gated Parking Garages
- Electric-Vehicle Charging Stations
- Bicycle Storage
- Pet Parks
- Pet-Washing Stations
- Coffee Bars
- Wi-Fi Common Areas
- Rooftop Terraces
- Outdoor Kitchens
- Fire Pits
- Grilling Stations
- Landscaped Courtyards
- On-Site Management
- Walkable Restaurants
- On-Site Shopping and Services
Amenities vary by property.
LIVE • WORK • EAT • PLAY
LIVE
Living near Preston Center offers access to some of Dallas’ most established and upscale residential neighborhoods.
Popular nearby areas include:
- Preston Center
- University Park
- Highland Park
- Preston Hollow
- North Dallas
- Park Cities
- Bluffview
- Devonshire
- Greenway Parks
- NorthPark
Former homeowners can enjoy a low-maintenance lifestyle without giving up space, luxury finishes, landscaping, security, parking, or convenient access to neighborhood services.
WORK
Nearby employers and employment areas may include:
- Southern Methodist University
- UT Southwestern Medical Center
- Parkland Health
- Children’s Health
- Medical City Dallas
- North Dallas Professional Offices
- Preston Center Financial Firms
- Law Firms
- Accounting Firms
- Commercial Real Estate Companies
- Banking and Wealth-Management Firms
- NorthPark Center
- Downtown Dallas Employers
- Uptown Dallas Employers
The area provides convenient access to the Dallas North Tollway, Northwest Highway, Central Expressway, Uptown Dallas, Downtown Dallas, and the Medical District.
EAT
Residents enjoy nearby:
- Upscale Restaurants
- Steakhouses
- Seafood Restaurants
- Italian Restaurants
- Mexican Restaurants
- Sushi Restaurants
- Brunch Cafés
- Local Coffee Shops
- Bakeries
- Cocktail Lounges
- Patio Dining
- Fine Dining
- Casual Dining
Preston Center, Preston Hollow Village, NorthPark Center, Highland Park Village, and surrounding neighborhoods provide a wide variety of dining choices.
PLAY
Residents are minutes from:
- NorthPark Center
- Preston Center
- Highland Park Village
- Southern Methodist University
- George W. Bush Presidential Center
- Dallas Country Club
- Coffee Park
- Williams Park
- Germany Park
- Curtis Park
- Katy Trail
- Dallas Museum of Art
- Klyde Warren Park
- Dallas Arts District
- White Rock Lake
- Preston Hollow Village
- Inwood Village
Residents can enjoy luxury shopping, golf, parks, museums, fitness, university events, restaurants, cultural attractions, and entertainment.
School Information
University Park is primarily served by Highland Park Independent School District, while nearby Dallas addresses may be served by Dallas ISD.
Nearby educational options may include:
- Highland Park ISD Schools
- Dallas ISD Schools
- Public Charter Schools
- Private Schools
- Preschool Programs
- Early-Childhood Education Centers
- Daycare Programs
- Southern Methodist University
- Nearby Colleges and Universities
School assignments depend on the apartment’s exact address.
Families should verify attendance boundaries directly with the applicable school district because zoning and assignments may change.
Brief History
University Park developed around Southern Methodist University, which was founded in 1915.
The original neighborhood consisted of homes surrounding the university. SMU initially provided utility services to the growing community, but by 1924, the population had become too large for the university to continue supporting those services.
Residents subsequently voted to incorporate University Park as an independent city. City of University Park
The surrounding Park Cities and Preston Center areas later developed into some of Dallas’ most established residential, shopping, professional, and educational districts.
Today, the area combines historic homes, luxury apartments, private residences, professional offices, parks, shopping, restaurants, schools, universities, and convenient access to central Dallas.
How I Can Help
My apartment locating service is completely FREE.
Apartment communities pay my brokerage if you move into one of the apartments I refer, so there is no cost to you.
I specialize in helping renters with:
- No Recent Rental History
- Long-Term Homeownership
- Retirement Income
- Pension Income
- Social Security Income
- Investment Income
- Trust Income
- Significant Savings
- Home-Sale Proceeds
- Foreclosure History
- Bad Credit
- Broken Leases
- Previous Evictions
- Rental Debt
- Collections
- Bankruptcy
- New Employment
- Relocation
- First-Time Renting
- Misdemeanors
- Certain Felonies
Here’s How I Help
✅ I personally call apartment communities before you apply to verify their current approval, income, and asset-verification guidelines.
✅ I call your top five apartment communities in advance to help pre-screen your situation.
✅ I identify communities that may consider mortgage history, bank statements, retirement income, investment income, or home-sale proceeds.
✅ I help identify realistic apartment options before application fees are spent.
✅ I verify current pricing, availability, specials, and qualification requirements.
✅ I save you time by eliminating properties that are unlikely to approve your application.
✅ I provide a FREE customized apartment list based on your assets, income, budget, preferred area, apartment size, move-in date, and approval situation.
I call properties for you in advance to pre-approve you.
Contact & Apply
Bryan Williams — Spirit Real Estate Group
Call/Text: (972) 748-3705
Email: bryanw85@gmail.com
Website: www.secondchanceleasingdallas.com
Serving Preston Center, University Park, Preston Hollow, Dallas, Fort Worth & Surrounding Areas
Available 7 Days a Week
Complete the apartment questionnaire at SecondChanceLeasingDallas.com to receive your customized apartment list.
After reviewing your list, email your top five apartment choices so I can call and verify current availability and approval criteria.
✅ Please remember to write in Bryan Williams — Spirit Real Estate Group on all guest cards and apartment applications.
Area-Related FAQs
Can I qualify for an apartment without recent rental history?
Possibly. Former homeowners may be able to provide mortgage statements, proof of timely housing payments, bank statements, home-sale documents, or other evidence of financial responsibility.
Can I qualify using money from selling my home?
Some communities may consider liquid home-sale proceeds. Requirements depend on the amount, where the funds are held, and the property’s asset-verification formula.
Can retirement savings replace employment income?
Possibly. Some properties accept accessible liquid assets, retirement distributions, pensions, Social Security, annuities, or investment income. Others still require monthly income.
Will an apartment accept mortgage history instead of landlord references?
Some communities may use mortgage payment history as an alternative. Others may require additional documents or use different screening procedures.
Can retirees qualify for luxury apartments?
Yes, provided they satisfy the property’s income, asset, credit, rental-history, and background requirements.
Can I qualify after a foreclosure?
Possibly. The apartment community may consider the foreclosure date, current credit, income, assets, payment history, and overall qualifications.
Will strong assets overcome bad credit?
Not automatically. Strong assets may improve the overall application, but every community maintains its own credit and rental-history standards.
How much do luxury apartments near Preston Center cost?
One-bedroom apartments may start around $2,805+, two-bedroom apartments around $3,915+, and three-bedroom apartments around $5,818+.
Are all apartments near Preston Center second-chance properties?
No. Luxury pricing, amenities, or location does not indicate flexible approval. Each community establishes its own screening requirements.
Can an apartment locator help before I apply?
Yes. I contact apartment communities in advance to identify properties that may better fit your rental history, income, and asset documentation.
Is your apartment locating service free?
Yes. My apartment locating service is completely free for renters.
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