San Marcos, TX Rental Market Trends

San Marcos Rent Report: April 2024

Welcome to the Apartment List April 2024 Rent Report for San Marcos, TX. Currently, the overall median rent in the city stands at $1,193, after rising 0.9% last month. Prices remain down 4.6% year-over-year. Read on to learn more about what’s been happening in the San Marcos rental market and how it compares to trends throughout the broader Austin metro area and the nation as a whole.

San Marcos rents are up 0.9% month-over-month and down 4.6% year-over-year

The median rent in San Marcos rose by 0.9% over the course of March, and has now decreased by a total of 4.6% over the past 12 months. San Marcos’s rent growth over the past year has has fallen behind both the state (-2.5%) and national averages (-0.8%).

San Marcos rent growth in 2024 pacing above last year

Three months into the year, rents in San Marcos have risen 0.7%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to March 2023 rents had decreased 1.6%.

San Marcos rents are 17.5% lower than the metro-wide median

If we expand our view to the wider Austin metro area, the median rent is $1,446 meaning that the median price in San Marcos ($1,193) is 17.5% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -7.0%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 9 cities in the Austin metro area that are included in our database. Among them, Pflugerville is currently the most expensive, with a median rent of $1,638. San Marcos is the metro’s most affordable city, with a median rent of $1,193. The metro's fastest annual rent growth is occurring in San Marcos (-4.6%) while the slowest is in Leander (-11.1%).

City
Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Austin
$1,305
$1,589
-0.4%
-7.1%
Cedar Park
$1,270
$1,631
0.1%
-5.5%
Georgetown
$1,226
$1,508
0.3%
-6.2%
Kyle
$1,251
$1,540
1.1%
-7.1%
Leander
$1,203
$1,272
-0.4%
-11.1%
Pflugerville
$1,361
$1,572
-1.1%
-7.3%
Round Rock
$1,201
$1,452
-0.1%
-8.6%
San Marcos
$1,082
$1,234
0.9%
-4.6%
Wells Branch
$1,221
$1,635
-0.8%
-6.6%
See More

You can also use the map below to explore the latest rent trends in the Austin metropolitan area.

Methodology

Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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