The Park Cities are located just between Interstate Highway 35E, U.S. Highway 75, and Loop 12 five miles north of downtown Dallas in central Dallas County, bordered by the city of Dallas on the north and east and Highland Park to the south. The Park Cities are home to one of the finest private schools in Texas, Southern Methodist University. The SMU area offers many living choices, including nearly 30 apartment communities with rents averaging $1,669.30 and square footage of 1190.