Updated 1/4/2016

Welcome to the Texas Apartment List Rent Report! Rents in the Lone Star State remain just below average, and in this report, we’ll evaluate trends across the whole state as well as variations between cities.

Texas Rent Growth

In Texas,  1 bedroom rents decreased by 0.9% and 2 bedroom rents decreased by 0.5% between November and December. They are now up 3.2% and 2.8% over the last year at average prices of $1000 and $1070, respectively.

Top 10 Most Expensive Cities

TX - 10 most expensive Dec 2015

  • Addison: Addison pulls ahead of Dallas this month for Texas’ most expensive city, with a median 2 bedroom price of $1740. Addison rents have been increasing gradually, up 2.2% over December 2014.
  • Dallas: Dallas came in as the 2nd most expensive city, with 2 bedrooms at $1640.  Dallas rents have grown year over year by 3.0%, which is higher than both statewide and national averages.
  • Austin: Austin comes in as Texas’ 7th most expensive city. Rents in Austin ran a median price of $1400 for a 2 bedroom and $1100 for a 1 bedroom in December. Both 1 bedrooms and 2 bedrooms are up over last year by 7.2% and 8.0%, respectively.

Although Houston didn’t place in the top ten for December rents, it earned an honorable mention as the 13th most expensive city. Rents there ran $1330, above the statewide average of $1070 for a 2 bedroom.

Top 10 Cities with the Fastest Rent Growth

TX - 10 fastest growing Dec 2015

  • Brownsville: Brownsville ($720) ranks as city with the largest year-over-year rent increase in Texas. Brownsville shows 8.5% growth over last year for 2 bedroom units.
  • Austin: In addition to placing as Texas’ 7th most expensive city, Austin also came in 2nd for rent growth, with a 8.0% increase over December 2014. In this city, a 2 bedroom has a median price tag of $1400.
  • Fort Worth: Right next door to Dallas, Fort Worth showed the 9th largest rent increase with 5.3% growth over last year for 2 bedroom figures. Rents there averaged $920 in December.

Full Data:

Apartment List December Rent Report

CityMedian Price - 1 BedMM Change - 1 BedYY Change - 1 BedMedian Price - 2 BedMM Change - 2 BedYY Change - 2 Bed
Addison$1,360-3.7%2.7%$1,740-7.3%2.2%
Dallas$1,310-4.3%2.8%$1,640-2.6%3.0%
Richardson$1,260-4.7%2.6%$1,540-1.7%5.4%
Magnolia$1,450
Allen$1,450-3.9%-2.1%
Farmers Branch$1,180-5.7%0.4%$1,450-2.4%7.1%
Austin$1,1000.3%7.2%$1,4000.6%8.0%
Plano$1,020-5.9%3.3%$1,390-2.5%4.3%
Richmond$1,0300.5%-2.2%$1,370-0.5%2.1%
The Woodlands$1,110-0.7%-4.3%$1,360-0.8%-0.3%
Katy$1,1502.1%-5.6%$1,3503.2%2.2%
McKinney$940-8.2%0.1%$1,340-4.8%2.8%
Houston$1,1500.6%1.6%$1,3300.0%0.1%
Pearland$1,1103.7%2.4%$1,3101.6%1.0%
Spring$960-1.0%-1.6%$1,310-1.1%1.9%
Grapevine$1,0000.0%0.0%$1,300
League City$9707.1%9.7%$1,290
Pasadena$9603.2%-1.2%$1,2402.2%4.4%
New Braunfels$8800.0%0.0%$1,150
Cedar Park$1,140-0.8%7.7%
Conroe$9400.0%0.0%$1,120
Irving$9000.5%6.7%$1,110-1.5%5.8%
Euless$1,020-1.7%7.2%$1,110-0.4%7.7%
Carrollton$920-2.1%3.6%$1,100-4.7%1.6%
Midland$850-1.5%-25.8%$1,090-4.6%-22.9%
Grand Prairie$9400.2%13.2%$1,0908.7%17.8%
Round Rock$8700.0%0.0%$1,0708.4%11.0%
Odessa$860-2.6%-25.5%$1,0504.8%-21.9%
Humble$8700.1%0.4%$1,030-2.8%-1.7%
Lewisville$1,250-1.7%7.0%$1,0200.5%4.9%
North Richland Hills$1,0200.1%4.2%
Boerne$1,010
Tomball$1,000
Lancaster$990
San Antonio$760-0.3%5.7%$950-1.1%3.4%
Fort Worth$800-0.2%6.2%$9201.3%5.3%
Garland$7301.4%8.5%$900-4.2%5.1%
Denton$680-6.1%1.7%$880-0.8%2.9%
Arlington$6806.4%9.4%$8703.9%7.8%
Corpus Christi$700-0.3%2.2%$860-2.2%2.7%
Laredo$790-3.9%0.3%$840-1.6%2.1%
Victoria$6100.0%0.0%$820
Tyler$670-0.3%-0.7%$8101.0%0.0%
Lubbock$550-8.8%-2.8%$800-4.2%4.2%
San Marcos$7700.0%0.0%$800
McAllen$6500.0%3.1%$7900.4%-0.2%
College Station$6508.2%8.7%$7801.7%2.9%
El Paso$6004.1%4.3%$750-0.9%1.5%
Temple$6500.4%5.1%$750
Abilene$610-7.0%-3.4%$730-4.2%-1.5%
Brownsville$5500.0%1.8%$7203.8%8.5%
Amarillo$5304.5%2.8%$7000.8%4.9%
Lufkin$700
Waco$590-0.2%-3.6%$700
Harlingen$5300.7%-1.2%$650-2.3%-0.8%
Edinburg$6302.2%5.8%$6500.9%0.9%
Bryan$5505.5%8.8%$620-1.2%2.8%
Texarkana$550-0.9%0.0%$560-0.9%-1.9%
Killeen$420-0.7%-0.9%$550-3.0%-5.0%
Copperas Cove$4400.0%0.0%$5500.9%0.5%
Apartment List December Rent Report

Methodology: 

Apartment List RPM data is drawn from several hundred thousand monthly listings on our site. All average prices are calculated as the median for the specified size and time period. For top city rankings, we calculated median 1 bedroom and 2 bedroom rents in 100 top cities and then ranked them by 2 bedroom rents. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, and averages are not value weighted.

About Rental Price Monitors:

Apartment List Metropolitan Rental Price Monitors cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top suburbs, and identify the top 10 most expensive neighborhoods.  As always, our goal is to provide price transparency to America’s 105 million renters so that you can make the best possible decisions in choosing a place to call home.  Apartment List will publish the Metro Rental Price Monitors during the first calendar week of each month.

About Apartment List:

Apartment List is the fastest-growing apartment rental marketplace in the United States, and is reinventing the rental market on a foundation of trust and transparency. Our Webby-award winning site draws nearly 3 million monthly visits and lists several hundred thousand available rental properties. Headquartered in San Francisco, Apartment List was recently named the #3 fastest growing company in the Bay Area and raised capital from an incredible team of investors led by Matrix Partners.