Plano, TX · Collin County · Population ~290,000 (9th-Largest TX City) · No Rent Control (Texas Prop. Code §250.007; SB 1780 2023) · No Deposit Cap · 30-Day Return 3× Bad-Faith Penalty · 3-Day Notice to Vacate · Toyota Motor North America HQ ~4,000–5,000 Campus Employees · JPMorgan Chase ~6,000 Plano Operations · Frito-Lay North America HQ · Legacy West District · Ericsson North America HQ · Baylor Scott & White Plano Level II Trauma · Plano ISD ~55,000 Students · Collin County JP Court (McKinney TX)
Plano TX rent increase 2026 Plano, Texas — the 9th-largest Texas city (~290,000; Collin County) and one of the most significant corporate headquarters clusters in the Dallas–Fort Worth Metroplex — has no local rent control. Texas Property Code §250.007 expressly prohibits cities and counties from enacting any ordinance controlling private residential rents; SB 1780 (June 2023) reinforced this preemption. Plano landlords may raise rent freely at lease expiration. Texas Prop. Code §92.101–§92.109: no deposit cap; 30-day itemized return after tenant surrenders and provides forwarding address; bad-faith failure: $100 + 3× deposit + attorney fees (§92.109). Non-payment eviction: 3-day notice to vacate (§24.005); Collin County JP Court (McKinney TX). Home to Toyota Motor North America HQ (~4,000–5,000 campus employees; relocated from Torrance CA 2017), JPMorgan Chase Plano (~6,000 employees), Frito-Lay North America HQ, Ericsson North America HQ, and Legacy West mixed-use district.
Plano, Texas — consistently ranked among the best cities for corporate headquarters in North America and home to Toyota Motor North America’s relocated headquarters — has no local rent control ordinance, and Texas state law expressly prohibits one. Plano landlords may raise rent by any amount at lease expiration.
Plano landlords operate under Texas Property Code Chapter 92: no security deposit cap, a 30-day return deadline with itemized deductions, and a 3× bad-faith penalty for landlords who fail to return the deposit in good faith. Non-payment evictions require only a 3-day notice to vacate before filing in Collin County JP Court.
Texas rent control law: what Plano landlords must know
Texas has the most unambiguous rent control landscape in the United States: it is categorically prohibited at every level of government. Texas Property Code §250.007 (enacted 1993; strengthened by Senate Bill 1780, signed June 2023) states that a municipality, county, or other political subdivision of the State of Texas may not enact, enforce, or maintain an ordinance, rule, or regulation that controls the price of rent charged for residential real property.
SB 1780 (2023) closed any remaining interpretive gap by preempting local anti-rent-gouging ordinances, rent-related notice requirements, and any other rent regulation that could function as a de facto cap. The Plano City Council has no authority to pass rent control. Plano landlords may:
- Raise rent by any amount at lease expiration, with no cap, ceiling, or formula.
- Raise rent at any time with appropriate lease notice for month-to-month tenancies.
- Decline to renew a lease at its expiration, for any reason, without just-cause requirements.
No rent-increase notification to the city, county, or any state agency is required. No rent board, rent registry, or administrative approval exists anywhere in Texas.
Texas security deposit law for Plano landlords
Texas Property Code §92.101 through §92.109 govern security deposits for all Plano residential tenancies. Unlike California (1-month cap since SB 267, 2024), New York (1-month cap statewide since HSTPA 2019), and most northeastern states, Texas imposes no cap on the security deposit amount.
- No deposit cap. Texas imposes no statutory maximum security deposit. Plano market practice: 1–2 months’ rent for most apartment complexes, with separate pet deposits ($250–$500 per pet or $25–$75/month pet rent) for pet-friendly units.
- Return deadline: 30 days after the tenant surrenders the property and provides a written forwarding address (Texas Prop. Code §92.103). Both conditions must be met before the 30-day clock starts.
- Itemized statement required for any deductions, identifying each deduction and its dollar amount. Normal wear and tear deductions are prohibited (§92.104(b)).
- Bad-faith penalty: $100 + 3× the deposit wrongfully withheld + attorney fees (§92.109). The bad-faith standard requires deliberate or knowing retention; good-faith disputes typically do not trigger treble damages.
Plano small claims are filed in Collin County JP Court (jurisdiction up to $20,000). Toyota and JPMorgan employees — who are legally and financially sophisticated — are more likely to pursue deposit claims than tenants in lower-income markets.
Plano eviction: the 3-day notice to vacate
Texas Property Code §24.005 governs the pre-eviction notice requirement. For non-payment:
- 3-Day Notice to Vacate must be served before filing a Forcible Detainer (FD) action. Texas does not require a “pay or quit” cure option in the notice; the landlord may include one but is not required to do so.
- Service: personal delivery, delivery to another adult at the premises, or posting inside the main entry door in a sealed envelope addressed to the tenant (§24.005(f)).
- The 3-day period excludes Saturdays, Sundays, and legal holidays if courts are closed; in practice, most Plano landlords count 3 calendar days excluding the day of service.
After 3 days without payment or vacating, the landlord files a Forcible Detainer petition in the appropriate Collin County JP Court precinct (filing fee ~$54–$100; constable service ~$75–$100). Hearing is set 10–21 days after service. If the landlord prevails and the tenant does not appeal within 5 days, the JP issues a Writ of Possession; the constable posts it 24 hours before executing the lockout. Total uncontested timeline: approximately 4–7 weeks.
Toyota Motor North America HQ: the west Plano corporate anchor
Toyota Motor North America (TMNA) relocated its North American headquarters from Torrance, California to Plano in August 2017 in one of the most consequential corporate relocations in US history by employee count and economic impact. The 100-acre campus at 8001 W. Plano Pkwy — a 2.1-million-square-foot development in the Legacy West district — houses:
- Toyota Motor North America corporate headquarters (product planning, marketing, government affairs, legal, finance, IT, HR; ~2,500 direct TMNA employees).
- Toyota Financial Services (TFS): Toyota’s auto lending and leasing arm; one of the largest auto finance portfolios in the US; ~800 Plano employees.
- Toyota Insurance Management Solutions (TIMS): ToyotaCare insurance products; ~300 employees.
- Lexus: Toyota’s luxury vehicle brand North American headquarters relocated alongside TMNA.
Total campus employment: approximately 4,000–5,000 direct Toyota and Toyota-affiliated employees, plus several thousand contractor and vendor employees. Toyota employees earn $70,000–$200,000+ across engineering, product planning, marketing, finance, and executive roles. The relocation drove a significant rental demand surge in Legacy West and west Plano in 2017–2018; continued Toyota hiring for EV product planning and CASE strategy sustains ongoing demand.
JPMorgan Chase, Ericsson & the Legacy West district
Legacy West (bounded by Legacy Dr, the Dallas North Tollway, Headquarters Dr, and Warren Pkwy) is Plano’s premier corporate campus district, hosting three Fortune 500-adjacent campuses within walking distance of each other:
- JPMorgan Chase (8181 Communications Pkwy; ~6,000–7,000 Plano operations employees across technology, compliance, operations, and financial services; one of JPMorgan’s largest US non-New York concentrations).
- Frito-Lay North America (7701 Legacy Dr; PepsiCo subsidiary; North American headquarters for Cheetos, Doritos, Lay’s, Tostitos brands; ~1,500 HQ employees).
- Ericsson North America (6300 Legacy Dr; North American headquarters of the Swedish telecom equipment manufacturer; ~4,000–6,000 Plano-area employees including wireless network engineers supporting 5G buildout; significant rental demand from international technology workers on H-1B and L-1 visas).
Legacy West also includes the Legacy West retail corridor (upscale dining, fitness studios, boutique retail), Puttshack, and high-density luxury apartment communities (The Mercer, The Realm at Castle Hills, Broderick) where 1BR units command $1,700–$2,400+ in 2026.
Baylor Scott & White Plano: the medical district anchor
Baylor Scott & White Medical Center–Plano (4700 Alliance Blvd, Plano TX 75093) is a full-service acute care hospital and Level II Trauma Center employing approximately 2,000 people including physicians, nurses, physical and occupational therapists, and administrative staff. Texas Health Presbyterian Hospital Plano (6200 W. Parker Rd; another Level II Trauma; ~1,500–2,000 employees) serves the central Plano corridor.
Both hospitals anchor the medical professional rental demand in west Plano and the Legacy West/Parker Rd corridor, where nurses, physicians, and allied health professionals ($55,000–$150,000 income range) represent a high-quality tenant segment.
Plano rental market: 2026 submarket overview
Plano’s rental market reflects its twin identity as a premier corporate headquarters suburb and one of Texas’s most sought-after school districts. Because Texas prohibits rent control, all pricing is driven by supply, demand, and employer proximity:
- Legacy West / Legacy Business Park (near Toyota HQ): $1,700–$2,500 for 1BR in luxury apartment communities (The Mercer, The Realm, Broderick; amenity-rich; walking to Toyota campus). Highest rents in Plano.
- Old Town Plano / downtown (15th St corridor): $1,300–$1,900 for 1BR. Arts-district character; historic commercial buildings; walkable dining scene; popular with young professionals and creatives.
- West Plano / Wyndhurst / Willow Bend: $1,500–$2,200 for 1BR or 2BR apartments near top Plano ISD campuses. Strong demand from families with school-age children; newer apartment stock in gated communities.
- Central Plano / Spring Creek / Park Blvd: $1,200–$1,800 for 1BR; mix of 1980s–1990s and newer stock; accessible to both Legacy West and I-75/US-75 corridor employers.
- East Plano / Parker Rd / 75th corridor: $1,100–$1,600 for 1BR; older apartment stock; most affordable submarket; proximity to DART Red Line at Parker Rd Station.
Rent increase notice requirements in Plano
Texas does not specify a statutory minimum advance notice period for residential rent increases in month-to-month tenancies. Plano lease terms (typically Texas Apartment Association or Texas Association of Realtors forms) generally require 30 days’ written notice before a month-to-month rent increase takes effect. Best practice: 30 days’ written notice, no reason required, no administrative filing needed. For fixed-term leases, the rent is locked for the lease term and can only change with the tenant’s written consent.
Related Texas & rent increase resources
- Dallas TX rent increase 2026 — statewide Texas framework; Dallas County JP Court; major Dallas employers
- Fort Worth TX rent increase 2026 — Tarrant County; American Airlines HQ; Lockheed Martin F-35; BNSF Railway HQ
- Arlington TX rent increase 2026 — Tarrant County; AT&T Stadium; Globe Life Field; UT Arlington
- San Antonio TX rent increase 2026 — Bexar County; JBSA military complex; H-E-B HQ
- Austin TX rent increase 2026 — Travis County; no rent control; tech market dynamics
- El Paso TX rent increase 2026 — El Paso County; Texas Prop. Code; border market dynamics
- Killeen TX rent increase 2026 — Fort Hood / Fort Cavazos; Bell County; military market
- California AB 1482 rent increase limits 2026 — statewide CPI-indexed cap; contrast with Texas free market
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