82 Apartments under 1100 for rent in Katy, TX

Last updated September 20 at 12:28AM
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Rent Report
Katy

September 2017 Katy Rent Report

Welcome to the September 2017 Katy Rent Report. In this report, we'll evaluate trends in the Katy rental market, including comparisons to cities throughout the metro, state, and nation.

Katy rents declined moderately over the past month

Katy rents have declined 0.3% over the past month, and are down slightly by 1.7% in comparison to the same time last year. Currently, median rents in Katy stand at $1,110 for a one-bedroom apartment and $1,350 for a two-bedroom. Katy's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Rents falling across the Houston Metro

Rent prices have been decreasing not just in Katy over the past year, but across the entire metro. Of the largest 10 cities in the Houston metro for which we have data, 8 of them have seen prices drop. Here's a look at how rents compare across some of the largest cities in the metro.

  • Baytown has seen the fastest rent growth in the metro, with a year-over-year increase of 5.8%. The median two-bedroom there costs $1,040, while one-bedrooms go for $850.
  • Over the past year, Spring has seen the biggest rent drop in the metro, with a decline of 3.3%. Median two-bedrooms there cost $1,320, while one-bedrooms go for $1,080.
  • Sugar Land has the most expensive rents of the largest cities in the Houston metro, with a two-bedroom median of $1,560; rents were down 0.8% over the past year but remained flat month-over-month.
  • Pasadena has the least expensive rents in the Houston metro, with a two-bedroom median of $960; rents grew 0.5% over the past month but fell 1.0% over the past year.

Many large cities nationwide show more affordable rents compared to Katy

As rents have fallen in Katy, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Katy is less affordable for renters.

  • Other cities across the state have seen rents increase, with Texas as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 2.8% in San Antonio, 2.8% in Dallas, and 2.0% in Austin.
  • Katy's median two-bedroom rent of $1,350 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.7% decline in Katy.
  • While rents in Katy fell over the past year, many cities nationwide saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%).
  • Renters will generally find more expensive prices in Katy than most large cities. For example, Memphis has a median 2BR rent of $830, where Katy is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Houston $810 $990 -0.1% -2.4%
Pasadena $780 $960 0.5% -1.0%
Pearland $1,090 $1,330 0.6% -0.5%
League City $1,210 $1,480 -0.1% 1.9%
Sugar Land $1,270 $1,560 0.0% -0.8%
Baytown $850 $1,040 1.0% 5.8%
Conroe $850 $1,040 0.2% -3.2%
Spring $1,080 $1,320 0.1% -3.3%
Stafford $960 $1,180 -0.7% -1.7%
Humble $990 $1,210 -0.2% -1.1%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start 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, comparing only units that are available across both time periods 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. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.