Home > multifamily, Uncategorized > Big surprise: How Houston apartment rents compare with the rest of the nation

Big surprise: How Houston apartment rents compare with the rest of the nation

February 2, 2015 Leave a comment Go to comments

Best New Development, Mid-Rise Gables Tanglewood

Complaining about skyrocketing rent prices has become commonplace in Houston. But how do our growing rents compare to the rest of the U.S.?

Each month, Apartment List releases an updated Rental Price Monitor, which determines the median one bedroom and two bedroom rental price in the 100 top cities in the U.S. According to its data, which is based on the hundreds of thousands of rentals listed on its website, Houston doesn’t have it as bad as we might think.

Houston doesn’t even crack the top 10 for highest rental prices.

In the November Rental Price Monitor, released Dec. 4, Houston doesn’t even crack the top 10 for highest rental prices. Houston’s one bedroom median rent price ($910) is the 19th most expensive of the cities surveyed. Our two bedroom median price, $1,040, came in a little higher — tied for 22nd most expensive.

Austin’s rentals are the highest in Texas — a one bedroom median rent price ($930) is the 18th most expensive of the cities surveyed;  two bedroom median price, $1,190, came in a little higher — the 15th most expensive. But they aren’t as cringe-worthy as, say, San Francisco (where the one bedroom median price is $3,280) or New York City (where a one bedroom will run you $2,510).

Dallas’ prices are significantly lower — a one bedroom is $750;  a two bedroom is $910.

Nationwide, one and two bedroom average rent prices are $850 and $950, respectively. The cheapest place to find a one bedroom is in Wichita, Kansas (median price of $430). At $570, Toledo and Fort Wayne, Indiana have the least expensive two bedroom median rent price.

By Arlen Ward at CultureMap

editor-in-chief Clifford Pugh contributed to this article.

Advertisements
Categories: multifamily, Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: