San Antonio Rent Report: April 2024

Welcome to the Apartment List April 2024 Rent Report for San Antonio, TX. Currently, the overall median rent in the city stands at $1,208, roughly the same as last month. Prices remain down 3.7% year-over-year. Read on to learn more about what’s been happening in the San Antonio rental market and how it compares to trends throughout the nation as a whole.

San Antonio rents are flat month-over-month and down 3.7% year-over-year

The median rent in San Antonio rose by 0.2% over the course of March, and has now decreased by a total of 3.7% over the past 12 months. San Antonio’s rent growth over the past year has has fallen behind both the state (-2.5%) and national averages (-0.8%).

San Antonio rent growth in 2024 pacing similar last year

Three months into the year, rents in San Antonio have risen 0.2%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to March 2023 rents had increased 0.6%.

March rent growth in San Antonio ranked #71 among large U.S. cities

San Antonio rents went up 0.2% in the past month, compared to the national rate of 0.6%. Among the nation's 100 largest cities, this ranks #71. Similar monthly rent growth took place in Norfolk, VA (0.2%) and Mesa, AZ (0.2%).

San Antonio is the #76 most expensive large city in the U.S., with a median rent of $1,208

Citywide, the median rent currently stands at $1,032 for a 1-bedroom apartment and $1,271 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,208. That ranks #76 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,220 for a 1-bedroom, $1,374 for a 2-bedroom, and $1,388 overall. The median rent in San Antonio is 13.0% lower than the national, and is similar to the prices you would find in Boise, ID ($1,233) and Indianapolis, IN ($1,202).