Gables Water Street Reviews: Rent, Renewals & Current Offers

5270 N O'Connor Blvd, Irving, TX 75039 · Las Colinas · Managed by Gables Residential · Updated 2026-08-29

Gables Water Street is currently advertising 1 month free on new leases. Renewal terms are usually set separately from advertised lease offers, so it's worth asking what's available to you before you sign.

Current lease offers at this building

Properties advertise new-lease offers publicly. Renewal terms are handled individually, so they're worth asking about directly.

Advertised on new leases

Listed on the property's own site as of 2026-08-29 — reflected in reduced advertised rates

1 month free

Published for renewals

Renewal terms aren't advertised — they're quoted per resident

Not listed

On a $2,091 unit, 1 month free works out to about $2,089 over a 12-month lease, or $174 a month. Knowing what the building is currently offering gives you a concrete figure to reference when you ask about your own renewal terms.

Asking rent vs. the 75039 market

Floorplan	Asking here (incl. monthly fees)	75039 market	Difference
Studio	$1,730	$1,521	+13.7%
1 bedroom	$2,091	$1,694	+23.4%
2 bedroom	$2,557	$2,297	+11.3%
3 bedroom	$3,530	$3,350	+5.4%

Market figures are ZIP-level asking rent by bedroom count. Lease offers are not netted out of either column, so both are gross asking rent. This property advertises a total monthly price that includes its mandatory monthly fees, while the market figure is base rent, so the gap shown here is wider than a like-for-like comparison would be.

Renewal increases reported by residents

0 reports · 5 more needed before an average appears

We show building-level averages once five residents have reported, so no one's individual rent can be identified.

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What residents say about renewing here

Comments come from residents who ran a renewal check on this building. We don't collect star ratings — for those, Google and ApartmentRatings are better sources.

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Common questions

Can I negotiate my renewal at Gables Water Street?

Texas sets no statutory cap on rent increases, so renewal pricing is set by the property. Renewal terms are quoted individually, which means there's normally a conversation to be had. Properties generally prefer keeping a resident to turning a unit, since turnover costs them more than an adjustment does.

Does the advertised offer apply to renewals?

Not automatically — advertised offers apply to new leases. Renewal terms are quoted separately, so ask the leasing office what's available for your unit. Referencing the current new-lease offer gives the conversation a specific starting point.

How much notice does Gables Water Street need before my lease ends?

Notice periods are set in your individual lease, commonly 60 days in this market. Check your lease directly — missing the window can trigger month-to-month rates well above the renewal offer.

Where does this data come from?

Lease offers and asking rents are read from the property's own website (https://www.gables.com/waterstreet, last checked 2026-08-29). Market rent is ZIP-level asking rent, bedroom-adjusted. Renewal figures are self-reported by residents who used our renewal check. If you manage this property and something here is out of date, let us know and we'll correct it.

Sources: https://www.gables.com/waterstreet (asking rent and lease offers, read 2026-08-29) · ZIP-level market rent for 75039 · resident-submitted renewal reports.
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