242 Luxury Apartments for rent in Killeen, TX

Last updated September 19 at 9:28AM
5804 Luxor
Killeen
Killeen, TX
Updated September 6 at 2:46AM
3 Bedrooms
$1,300
4408 Jake Spoon Drive
Lonesome Dove
Killeen, TX
Updated September 16 at 10:26AM
3 Bedrooms
$1,100
5302 Holly Oak Ln
Killeen
Killeen, TX
Updated September 16 at 10:06AM
4 Bedrooms
$1,365
5404 Holly Oak Ln
Killeen
Killeen, TX
Updated August 29 at 10:33AM
3 Bedrooms
$1,245
6804 Modesto
Killeen
Killeen, TX
Updated September 9 at 2:53AM
3 Bedrooms
$1,350
4507 Vahrenkamp Dr.
Clear Creek Estates
Killeen, TX
Updated September 16 at 10:17AM
3 Bedrooms
$1,150
6709 University Village Way
Killeen
Killeen, TX
Updated August 30 at 9:32AM
4 Bedrooms
$1,500
3001 Legacy Ln
Purser Crossing
Killeen, TX
Updated August 17 at 1:27AM
4 Bedrooms
$1,525
2300 Price Drive
Killeen
Killeen, TX
Updated September 16 at 10:14AM
3 Bedrooms
$1,095
4901 Fawn Drive
Timber Ridge Estates
Killeen, TX
Updated September 17 at 9:20AM
4 Bedrooms
$1,095
3003 Montague County Drive
Goodnight Ranch
Killeen, TX
Updated September 16 at 10:39AM
3 Bedrooms
$1,200
Trailboss Dr
Killeen
Killeen, TX
Updated September 17 at 7:27AM
4 Bedrooms
$1,150
Excel Dr
Killeen
Killeen, TX
Updated September 17 at 7:25AM
5 Bedrooms
$1,375
Belo Dr
Killeen
Killeen, TX
Updated September 17 at 7:25AM
4 Bedrooms
$1,350
3802 Lone Oak Drive
Killeen
Killeen, TX
Updated September 19 at 9:28AM
3 Bedrooms
$1,050
Yuma Cir
Killeen
Killeen, TX
Updated September 14 at 7:31AM
3 Bedrooms
$1,200
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Rent Report
Killeen

September 2017 Killeen Rent Report

Welcome to the September 2017 Killeen Rent Report. Killeen rents remained steady over the past month. In this report, we'll evaluate trends in the Killeen rental market, including comparisons to cities throughout the state and nation.

Killeen rents held steady over the past month

Killeen rents have remained flat over the past month, however, they have increased slightly by 1.0% year-over-year. Currently, median rents in Killeen stand at $560 for a one-bedroom apartment and $740 for a two-bedroom. Killeen's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Rents rising across cities in Texas

Throughout the past year, rent increases have been occurring not just in the city of Killeen, but across the entire state. Of the largest 10 cities that we have data for in Texas, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,420; of the 10 largest cities in Texas that we have data for, Houston and Corpus Christi, where two-bedrooms go for $990 and $1,030, are the only two major cities in the state to see rents fall year-over-year (-2.4% and -0.9%).
  • Arlington, Fort Worth, and San Antonio have all experienced year-over-year growth above the state average (9.0%, 5.6%, and 2.8%, respectively).

Killeen rents more affordable than many large cities nationwide

Rent growth in Killeen has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Killeen is still more affordable than most large cities across the country.

  • Killeen's median two-bedroom rent of $740 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.0% rise in Killeen.
  • While rents in Killeen remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Killeen than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than four times the price in Killeen.

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.

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.