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odessa
Last updated December 3 2020 at 6:22 PM

527 Apartments for rent in Odessa, TX

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Check out 527 verified apartments for rent in Odessa, TX with rents starting as low as $500. Some apartments for rent in Odessa might offer rent specials. Look out for the
$
rent special icon!
Verified
19 Units Available
The Penwell
8225 Dorado Dr
Odessa, TX
Studio
$975
587 sqft
1 Bedroom
$1,199
811 sqft
2 Bedrooms
$1,499
1172 sqft
Last updated December 3 at 06:40 PM
Welcome to The Penwell, a community of brand new apartments in Odessa bringing innovative amenities to the greater Midland-Odessa area.
Verified
12 Units Available
The Paddocks
2100 E 10th St
Odessa, TX
1 Bedroom
$1,040
619 sqft
2 Bedrooms
Ask
Last updated December 3 at 06:37 PM
Welcome to The Paddocks Apartments! You work hard. You should live easy.
$
Verified
21 Units Available
Advenir at Legado Ranch
4001 De Morada Dr
Odessa, TX
Studio
$729
587 sqft
1 Bedroom
$1,004
811 sqft
2 Bedrooms
$1,209
1171 sqft
Last updated December 3 at 06:20 PM
Close access to I-20 and TX-191 Frontage. Studios and one- and two-bedroom apartments with walk-in closets and granite counters. Site amenities feature a putting green, dog park, gym, clubhouse, and pool.
Verified
9 Units Available
Country Crest Townhomes
6500 Eastridge Rd
Odessa, TX
1 Bedroom
$899
786 sqft
2 Bedrooms
$1,099
1120 sqft
3 Bedrooms
$1,399
1325 sqft
Last updated December 3 at 06:16 PM
Country Crest Apartments Experience a quiet, refined way of living at Country Crest Townhomes, a beautiful community located within the Country Club Estates neighborhood. We bring together the luxury and privacy normally found only in fine homes.
Verified
58 Units Available
Sedona Ranch Apartments
8001 Brownstone Rd
Odessa, TX
1 Bedroom
$941
751 sqft
2 Bedrooms
$1,390
1155 sqft
Last updated December 3 at 06:15 PM
Stylish one- and two-bedroom apartments with gourmet kitchens, full appliance package, natural lighting and faux-wood flooring. Community has a swimming pool, outdoor fireplace, large fitness center and poolside seating.
$
Verified
17 Units Available
Dorado Ranch
3601 Faudree Rd
Odessa, TX
1 Bedroom
$899
708 sqft
2 Bedrooms
$1,127
1047 sqft
Last updated December 3 at 06:15 PM
Dorado Ranch offers 1 & 2 bedroom apartment homes with upgraded cherry wood cabinets, marble-style countertops, modern floor decor, chrome lighting, and hardware.
Verified
42 Units Available
Sunset Lodge
7701 E Highway 191
Odessa, TX
1 Bedroom
$999
794 sqft
2 Bedrooms
$1,254
1053 sqft
Last updated December 3 at 06:11 PM
Inside our gated Odessa apartment community, youll find a bright, open clubhouse equipped with a modern business center and coffee bar, as well as a state-of-the-art 24-hour fitness center.
$
Verified
4 Units Available
Alturas Eleventh
2828 E 11th St
Odessa, TX
1 Bedroom
$530
483 sqft
2 Bedrooms
$700
552 sqft
Last updated December 3 at 06:05 PM
Now offering in-person, virtual & self-guided tours by appointment! To help stop the spread of COVID-19, face masks are required.
$
Verified
4 Units Available
Alturas Penbrook
3965 Penbrook St
Odessa, TX
1 Bedroom
$540
483 sqft
2 Bedrooms
$715
552 sqft
Last updated December 3 at 06:00 PM
Now offering in-person, virtual & self-guided tours by appointment! To help stop the spread of COVID-19, face masks are required.
$
Verified
18 Units Available
Latitude 31
6900 Cross B Road
Odessa, TX
1 Bedroom
$1,167
834 sqft
2 Bedrooms
$1,325
1048 sqft
3 Bedrooms
$1,945
1393 sqft
Last updated December 3 at 04:33 PM
From the minute you drive up to Latitude 31° Apartment Homes in Odessa, TX, you’ll love the modern exterior, picturesque fountains and welcoming environment of this newly-built West Texas community.
Verified
31 Units Available
Andalucia Villas
5075 E 52nd St
Odessa, TX
1 Bedroom
$925
749 sqft
2 Bedrooms
$1,235
1166 sqft
3 Bedrooms
$1,715
1507 sqft
Last updated December 3 at 04:33 PM
If you’re looking for an apartment in Odessa, TX, that’s close to lots of fun entertainment, shopping, and dining options, come discover Andalucia Villas Apartment Homes! Whether you’re moving to West Texas for the first time or just across town,
Verified
18 Units Available
The Tuscany at Faudree
4001 Faudree Rd
Odessa, TX
1 Bedroom
$1,075
775 sqft
2 Bedrooms
$1,265
1066 sqft
3 Bedrooms
$1,800
1330 sqft
Last updated December 3 at 04:33 PM
If you dream of living amidst the unique style and appeal of rural Italy, you’ll love Tuscany at Faudree Apartment Homes.
$
Verified
20 Units Available
High Plains
3727 Andrews Hwy
Odessa, TX
1 Bedroom
$650
732 sqft
2 Bedrooms
$885
1034 sqft
Last updated December 3 at 04:33 PM
If you’re moving to the area or just across town, High Plains Apartment Homes is worth exploring.
$
Verified
9 Units Available
Golden Crest
3939 Tanglewood Ln
Odessa, TX
1 Bedroom
$785
650 sqft
2 Bedrooms
$900
800 sqft
3 Bedrooms
$1,185
1000 sqft
Last updated December 3 at 04:33 PM
If you’re looking for an apartment in Odessa, TX, that’s thoughtfully designed and comes with all the community and interior amenities you desire, you’ll love Golden Crest Apartment Homes.
$
Verified
12 Units Available
ACACIA PARK
4775 Oakwood Dr
Odessa, TX
1 Bedroom
$760
589 sqft
2 Bedrooms
$960
835 sqft
Last updated December 3 at 04:33 PM
If you’re looking for the perfect place to call home in this West Texas oil town, you’ve found it in Acacia Park Apartment Homes.
$
Verified
12 Units Available
Mission Green
8201 Dorado Dr
Odessa, TX
1 Bedroom
$1,045
911 sqft
2 Bedrooms
$1,115
1129 sqft
3 Bedrooms
Ask
Last updated December 3 at 04:33 PM
Living at Mission Green Apartment Homes allows you to combine serene neighborhood living with luxury-style amenities, diverse dining options, premiere shopping venues, and a wealth of entertainment choices.
$
Verified
8 Units Available
Fairgreen Apartments
4675 Oakwood Dr
Odessa, TX
1 Bedroom
$745
750 sqft
2 Bedrooms
$900
1000 sqft
Last updated December 3 at 04:33 PM
If you’re looking for an apartment in Odessa, TX, that’s spacious and affordable, you’ll love Fairgreen Apartment Homes.
Verified
7 Units Available
SUMMERTREE PLACE
2220 E 52nd St
Odessa, TX
1 Bedroom
$805
668 sqft
2 Bedrooms
$1,099
1243 sqft
Last updated December 3 at 04:33 PM
They say that everything's bigger in Texas, and Summertree Place Apartment Homes is no exception! If you’re looking for an apartment in Odessa, TX, be sure to check out our community with beautiful, spacious homes and amazing amenities.
$
Verified
22 Units Available
University Gardens
4801 Oakwood Dr
Odessa, TX
1 Bedroom
$630
654 sqft
2 Bedrooms
$701
939 sqft
3 Bedrooms
$1,065
1286 sqft
Last updated December 3 at 04:33 PM
A smaller community of luxurious apartments. Beautiful landscaping, balconies and patios on each unit, fireplaces. Minutes from schools, shopping and several parks. Close to I-20.
$
Verified
8 Units Available
Brady Station
4401 E 52nd St
Odessa, TX
1 Bedroom
$793
582 sqft
2 Bedrooms
$875
897 sqft
Last updated December 3 at 04:33 PM
**We are currently operating with a heightened sensitivity to social distancing. We would still very much love to show you our community and discuss available options for touring. Please contact us to learn more.
Verified
20 Units Available
Southgate
2735 E 8th St
Odessa, TX
1 Bedroom
$550
682 sqft
2 Bedrooms
$599
888 sqft
3 Bedrooms
$1,024
1064 sqft
Last updated December 3 at 04:33 PM
Located just off Highway 20, the community features one-, two- and three-bedroom floor plans. Apartment homes have ceiling fans, walk-in closets, fireplaces and private patios.
Verified
2 Units Available
Marquee West Apartments
1111 W 13th Street
Odessa, TX
1 Bedroom
$600
607 sqft
2 Bedrooms
$1,050
1157 sqft
Last updated October 27 at 09:37 PM
Welcome to Marquee West Apartments in Odessa, TX! Marquee West Apartments is conveniently located near schools, banking, shopping and dining.
Verified
Contact for Availability
Stanley Heights
2413 Idlewood Lane
Odessa, TX
1 Bedroom
$899
750 sqft
2 Bedrooms
$1,199
1300 sqft
Last updated September 23 at 12:16 PM
Townhouses, Studio Apartments, and Condos available today. They come with a private backyard and washer and dryer connections. The units all have optional utilities, furnishings, and cable offered.
Verified
Contact for Availability
Wellington Commons
1001 North Grandview Avenue
Odessa, TX
1 Bedroom
$899
720 sqft
2 Bedrooms
$1,125
1338 sqft
Last updated September 23 at 05:54 PM
Experience Odessa living at Wellington Commons Townhomes. You'll find this community on N. Grandview Ave in the 79761 area of Odessa. The professional leasing staff is excited to help you find your ideal place.

Median Rent in Odessa

Last updated Nov. 2020
The median rent for a 1 bedroom apartment in Odessa is $502, while the median rent for a 2 bedroom apartment is $688.
Studio
$576
1 Bed
$502
2 Beds
$688
Find More Rentals By

Bedrooms

Odessa 1 Bedroom Apartments

Bedrooms

Find More Rentals in Nearby

Find an apartment for rent in Odessa, TX


Searching for an apartment for rent in Odessa, TX? Look no further! Apartment List will help you find a perfect apartment near you. There are 527 available rental units listed on Apartment List in Odessa. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The median rent in Odessa is $576 for a studio, $502 for a one-bedroom apartment, and $688 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Odessa apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust ApartmentList.com to help you find your next Odessa, TX apartment rental! After all, everyone deserves a home they love.
Frequently Asked Questions (FAQs)
Frequently Asked Questions
How much is rent in Odessa?
In Odessa, the median rent is $576 for a studio, $502 for a 1-bedroom, $688 for a 2-bedroom, and $784 for a 3-bedroom. For more information on rental trends in Odessa, check out our monthly Odessa Rent Report.
How much is rent in Odessa?
In Odessa, the median rent is $576 for a studio, $502 for a 1-bedroom, $688 for a 2-bedroom, and $784 for a 3-bedroom. For more information on rental trends in Odessa, check out our monthly Odessa Rent Report.
How can I find a cheap apartment in Odessa?
You can get the best deal by searching by apartments that are offering move-in specials in Odessa.
How can I find a cheap apartment in Odessa?
You can get the best deal by searching by apartments that are offering move-in specials in Odessa.
How can I find a pet-friendly apartment in Odessa?
You can use the pet-friendly filter to find Odessa apartments that allow pets.
How can I find a pet-friendly apartment in Odessa?
You can use the pet-friendly filter to find Odessa apartments that allow pets.
How can I tour apartments during the COVID-19 pandemic?
While some Odessa properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How can I tour apartments during the COVID-19 pandemic?
While some Odessa properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How much should I pay for rent in Odessa?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Odessa.
How much should I pay for rent in Odessa?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Odessa.
How can I find off-campus housing in Odessa?
You can use the off-campus housing filters to find apartments near colleges located in or around Odessa. Some of the colleges and universities in the area include The University of Texas of the Permian Basin, and Midland College.
How can I find off-campus housing in Odessa?
You can use the off-campus housing filters to find apartments near colleges located in or around Odessa. Some of the colleges and universities in the area include The University of Texas of the Permian Basin, and Midland College.

Median Rent in Odessa

Last updated Nov. 2020
The median rent for a 1 bedroom apartment in Odessa is $502, while the median rent for a 2 bedroom apartment is $688.
Studio
$576
1 Bed
$502
2 Beds
$688

City Guide

Odessa
Welcome to Odessa, Texas. Known for clear skies and an amazing sunset, Odessa is home to a vibrant arts culture, and well-kept city parks.
Welcome to Odessa, Texas. Known for clear skies and an amazing sunset, Odessa is home to a vibrant arts culture, and well-kept city parks.

Odessa is a dynamic city with a different kind of adventure around each corner (and a perfect four season climate). Whether you want to visit the theatre (a replica of the Shakespearean Globe theatre exists here), waste the day away in one of the city’s Open Spaces or admire the odd yet creative aspects of the city (Stonehenge replica, second largest meteor crater in history), Odessa is the place to be. We reckon you’ll love living here, so let’s get you situated in an apartment of your own!

Uncovering your own Odessa - Neighborhoods:

The city of Odessa is made up of areas and neighborhoods that are community focused and vibrant. Since there are so many nooks and crannies in this small city, it’s best to break down the areas by direction (north, city center, and west).

North Odessa (79762): A few minutes from the city center of Odessa, North Odessa is a booming area of town. With proximity to downtown, Midland and I-20, it’s a popular neighborhood. Good shopping and museums are located in this part of town, as well. You’ll find that newer homes have been/are being built here, complete with spacious yards and plenty of bedrooms. On a similar note, apartment living here is just as luxurious (we’re talking fireplaces, internet cafes, energy efficient appliances, vaulted ceilings, and pools). Pricing here in the North is often a bit higher than the rest of the city, however, it’s still highly affordable compared to other cities—one bedroom pads range from $600-$800, depending on the complex.

West Odessa (79764/79763): West Odessa is home to a variety of housing options. While shopping and entertainment are nearby, many parts of West Odessa are a bit more laid-back/country, with large yards, some historic homes and established apartment complexes. Some apartments here come fully furnished and the rates are extremely affordable (one bedroom starting at $550!).

Heart of Odessa (79761): Consisting of the major downtown/city center of Odessa, this area is close to at least three parks, major road (385, Loop 338, I-20). This part of Odessa is walkable, and is composed mainly of single-family homes and apartments. You’ll find a good nightlife, some dynamite restaurants, bustling business and public transit options. Despite the coveted central location, this part of town is quite affordable. In fact, one and two bedrooms typically rent for $600-$850.

Uncovering your own Odessa - Neighborhoods:
+

The city of Odessa is made up of areas and neighborhoods that are community focused and vibrant. Since there are so many nooks and crannies in this small city, it’s best to break down the areas by direction (north, city center, and west).

North Odessa (79762): A few minutes from the city center of Odessa, North Odessa is a booming area of town. With proximity to downtown, Midland and I-20, it’s a popular neighborhood. Good shopping and museums are located in this part of town, as well. You’ll find that newer homes have been/are being built here, complete with spacious yards and plenty of bedrooms. On a similar note, apartment living here is just as luxurious (we’re talking fireplaces, internet cafes, energy efficient appliances, vaulted ceilings, and pools). Pricing here in the North is often a bit higher than the rest of the city, however, it’s still highly affordable compared to other cities—one bedroom pads range from $600-$800, depending on the complex.

West Odessa (79764/79763): West Odessa is home to a variety of housing options. While shopping and entertainment are nearby, many parts of West Odessa are a bit more laid-back/country, with large yards, some historic homes and established apartment complexes. Some apartments here come fully furnished and the rates are extremely affordable (one bedroom starting at $550!).

Heart of Odessa (79761): Consisting of the major downtown/city center of Odessa, this area is close to at least three parks, major road (385, Loop 338, I-20). This part of Odessa is walkable, and is composed mainly of single-family homes and apartments. You’ll find a good nightlife, some dynamite restaurants, bustling business and public transit options. Despite the coveted central location, this part of town is quite affordable. In fact, one and two bedrooms typically rent for $600-$850.

A few extra tid-bits about renting in Odessa:
  • Animals are typically welcome here, but with a small deposit, of course.

  • Fireplaces are often a staple in apartments (sometimes an upgrade feature) due to chilly winters and cool desert nights. If your place doesn’t have a fireplace included, we hear jackets go on sale in the summer. Just something to think about.

  • Outdoor space is a big thing in Odessa, and many complexes feature picnic areas to meet your outdoorsy needs halfway. Not only that, but you’ll find that most places are fairly close to parks and outdoor grilling spaces.

A few extra tid-bits about renting in Odessa:
+
  • Animals are typically welcome here, but with a small deposit, of course.

  • Fireplaces are often a staple in apartments (sometimes an upgrade feature) due to chilly winters and cool desert nights. If your place doesn’t have a fireplace included, we hear jackets go on sale in the summer. Just something to think about.

  • Outdoor space is a big thing in Odessa, and many complexes feature picnic areas to meet your outdoorsy needs halfway. Not only that, but you’ll find that most places are fairly close to parks and outdoor grilling spaces.

Transportation:

Getting around in Odessa is typically easiest with your own set of wheels. Major highways here consist of I-20 (an essential part of a commuters day, taking residents from Odessa to Midland and in and around the area), U.S. 385 (which can take residents as far north as South Dakota but is mainly used to maneuver about smaller Texas cities) and Highways 191 (a big ol’ state road).

Public transit in Odessa consists mainly of the E-Z Rider bus system that serves the basin area, the downtown area, and a number of others.

Here, you can truly sleep under the stars, wake up to amazing sunrises and ogle the breathtaking Odessa sunsets. Get in touch with nature, take in a good show, or delight in good weather; Odessa is your Texan oyster. What are you waiting for? Head out west!

Transportation:
+

Getting around in Odessa is typically easiest with your own set of wheels. Major highways here consist of I-20 (an essential part of a commuters day, taking residents from Odessa to Midland and in and around the area), U.S. 385 (which can take residents as far north as South Dakota but is mainly used to maneuver about smaller Texas cities) and Highways 191 (a big ol’ state road).

Public transit in Odessa consists mainly of the E-Z Rider bus system that serves the basin area, the downtown area, and a number of others.

Here, you can truly sleep under the stars, wake up to amazing sunrises and ogle the breathtaking Odessa sunsets. Get in touch with nature, take in a good show, or delight in good weather; Odessa is your Texan oyster. What are you waiting for? Head out west!

Read More

City Guide

Odessa
Welcome to Odessa, Texas. Known for clear skies and an amazing sunset, Odessa is home to a vibrant arts culture, and well-kept city parks.
Welcome to Odessa, Texas. Known for clear skies and an amazing sunset, Odessa is home to a vibrant arts culture, and well-kept city parks.

Odessa is a dynamic city with a different kind of adventure around each corner (and a perfect four season climate). Whether you want to visit the theatre (a replica of the Shakespearean Globe theatre exists here), waste the day away in one of the city’s Open Spaces or admire the odd yet creative aspects of the city (Stonehenge replica, second largest meteor crater in history), Odessa is the place to be. We reckon you’ll love living here, so let’s get you situated in an apartment of your own!

Uncovering your own Odessa - Neighborhoods:

The city of Odessa is made up of areas and neighborhoods that are community focused and vibrant. Since there are so many nooks and crannies in this small city, it’s best to break down the areas by direction (north, city center, and west).

North Odessa (79762): A few minutes from the city center of Odessa, North Odessa is a booming area of town. With proximity to downtown, Midland and I-20, it’s a popular neighborhood. Good shopping and museums are located in this part of town, as well. You’ll find that newer homes have been/are being built here, complete with spacious yards and plenty of bedrooms. On a similar note, apartment living here is just as luxurious (we’re talking fireplaces, internet cafes, energy efficient appliances, vaulted ceilings, and pools). Pricing here in the North is often a bit higher than the rest of the city, however, it’s still highly affordable compared to other cities—one bedroom pads range from $600-$800, depending on the complex.

West Odessa (79764/79763): West Odessa is home to a variety of housing options. While shopping and entertainment are nearby, many parts of West Odessa are a bit more laid-back/country, with large yards, some historic homes and established apartment complexes. Some apartments here come fully furnished and the rates are extremely affordable (one bedroom starting at $550!).

Heart of Odessa (79761): Consisting of the major downtown/city center of Odessa, this area is close to at least three parks, major road (385, Loop 338, I-20). This part of Odessa is walkable, and is composed mainly of single-family homes and apartments. You’ll find a good nightlife, some dynamite restaurants, bustling business and public transit options. Despite the coveted central location, this part of town is quite affordable. In fact, one and two bedrooms typically rent for $600-$850.

Uncovering your own Odessa - Neighborhoods:
+

The city of Odessa is made up of areas and neighborhoods that are community focused and vibrant. Since there are so many nooks and crannies in this small city, it’s best to break down the areas by direction (north, city center, and west).

North Odessa (79762): A few minutes from the city center of Odessa, North Odessa is a booming area of town. With proximity to downtown, Midland and I-20, it’s a popular neighborhood. Good shopping and museums are located in this part of town, as well. You’ll find that newer homes have been/are being built here, complete with spacious yards and plenty of bedrooms. On a similar note, apartment living here is just as luxurious (we’re talking fireplaces, internet cafes, energy efficient appliances, vaulted ceilings, and pools). Pricing here in the North is often a bit higher than the rest of the city, however, it’s still highly affordable compared to other cities—one bedroom pads range from $600-$800, depending on the complex.

West Odessa (79764/79763): West Odessa is home to a variety of housing options. While shopping and entertainment are nearby, many parts of West Odessa are a bit more laid-back/country, with large yards, some historic homes and established apartment complexes. Some apartments here come fully furnished and the rates are extremely affordable (one bedroom starting at $550!).

Heart of Odessa (79761): Consisting of the major downtown/city center of Odessa, this area is close to at least three parks, major road (385, Loop 338, I-20). This part of Odessa is walkable, and is composed mainly of single-family homes and apartments. You’ll find a good nightlife, some dynamite restaurants, bustling business and public transit options. Despite the coveted central location, this part of town is quite affordable. In fact, one and two bedrooms typically rent for $600-$850.

A few extra tid-bits about renting in Odessa:
  • Animals are typically welcome here, but with a small deposit, of course.

  • Fireplaces are often a staple in apartments (sometimes an upgrade feature) due to chilly winters and cool desert nights. If your place doesn’t have a fireplace included, we hear jackets go on sale in the summer. Just something to think about.

  • Outdoor space is a big thing in Odessa, and many complexes feature picnic areas to meet your outdoorsy needs halfway. Not only that, but you’ll find that most places are fairly close to parks and outdoor grilling spaces.

A few extra tid-bits about renting in Odessa:
+
  • Animals are typically welcome here, but with a small deposit, of course.

  • Fireplaces are often a staple in apartments (sometimes an upgrade feature) due to chilly winters and cool desert nights. If your place doesn’t have a fireplace included, we hear jackets go on sale in the summer. Just something to think about.

  • Outdoor space is a big thing in Odessa, and many complexes feature picnic areas to meet your outdoorsy needs halfway. Not only that, but you’ll find that most places are fairly close to parks and outdoor grilling spaces.

Transportation:

Getting around in Odessa is typically easiest with your own set of wheels. Major highways here consist of I-20 (an essential part of a commuters day, taking residents from Odessa to Midland and in and around the area), U.S. 385 (which can take residents as far north as South Dakota but is mainly used to maneuver about smaller Texas cities) and Highways 191 (a big ol’ state road).

Public transit in Odessa consists mainly of the E-Z Rider bus system that serves the basin area, the downtown area, and a number of others.

Here, you can truly sleep under the stars, wake up to amazing sunrises and ogle the breathtaking Odessa sunsets. Get in touch with nature, take in a good show, or delight in good weather; Odessa is your Texan oyster. What are you waiting for? Head out west!

Transportation:
+

Getting around in Odessa is typically easiest with your own set of wheels. Major highways here consist of I-20 (an essential part of a commuters day, taking residents from Odessa to Midland and in and around the area), U.S. 385 (which can take residents as far north as South Dakota but is mainly used to maneuver about smaller Texas cities) and Highways 191 (a big ol’ state road).

Public transit in Odessa consists mainly of the E-Z Rider bus system that serves the basin area, the downtown area, and a number of others.

Here, you can truly sleep under the stars, wake up to amazing sunrises and ogle the breathtaking Odessa sunsets. Get in touch with nature, take in a good show, or delight in good weather; Odessa is your Texan oyster. What are you waiting for? Head out west!

Rent Report
Odessa

December 2020 Odessa Rent Report

Welcome to the December 2020 Odessa Rent Report. Odessa rents declined over the past month. In this report, we'll evaluate trends in the Odessa rental market, including comparisons to cities throughout the state and nation.

Odessa rents decline sharply over the past month

Odessa rents have declined 2.6% over the past month, and are down sharply by 36.2% in comparison to the same time last year. Currently, median rents in Odessa stand at $503 for a one-bedroom apartment and $688 for a two-bedroom. The city's rents have been decreasing for 18 straight months - the last time rents declined was in May of last year. Odessa's year-over-year rent growth lags the state average of -2.0%, as well as the national average of -1.3%.

    Rents falling across cities in Texas

    Throughout the past year, rent decreases have been occurring not just in the city of Odessa, but across many other cities in the state. Rents have dropped in 1 of the largest 10 cities in Texas for which we have data. The state as a whole logged rent growth of -2.0% 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 $1,519; of the 10 largest Texas cities that we have data for, 6 have seen rents fall year-over-year, with Austin experiencing the fastest decline (-5.6%).
    • Arlington, El Paso, and Lubbock have all experienced year-over-year growth above the state average (5.8%, 3.9%, and 1.5%, respectively).

    Odessa rents more affordable than many large cities nationwide

    As rents have fallen sharply in Odessa, large cities nationwide have seen prices increase, in some cases substantially. Odessa is also more affordable than most large cities across the country.

    • Odessa's median two-bedroom rent of $688 is below the national average of $1,095. Nationwide, rents have fallen by 1.3% over the past year compared to the 36.2% decline in Odessa.
    • While rents in Odessa fell sharply over the past year, many cities nationwide saw increases, including Phoenix (+3.9%) and Detroit (+2.9%).
    • Renters will find more reasonable prices in Odessa than most large cities. For example, San Francisco has a median 2BR rent of $2,377, which is nearly three-and-a-half times the price in Odessa.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S.

    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 about the methodology on our blog.

    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.

    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.

    Read More

    December 2020 Odessa Rent Report

    Welcome to the December 2020 Odessa Rent Report. Odessa rents declined over the past month. In this report, we'll evaluate trends in the Odessa rental market, including comparisons to cities throughout the state and nation.

    View full Rent Report

    December 2020 Odessa Rent Report

    Welcome to the December 2020 Odessa Rent Report. Odessa rents declined over the past month. In this report, we'll evaluate trends in the Odessa rental market, including comparisons to cities throughout the state and nation.

    Odessa rents decline sharply over the past month

    Odessa rents have declined 2.6% over the past month, and are down sharply by 36.2% in comparison to the same time last year. Currently, median rents in Odessa stand at $503 for a one-bedroom apartment and $688 for a two-bedroom. The city's rents have been decreasing for 18 straight months - the last time rents declined was in May of last year. Odessa's year-over-year rent growth lags the state average of -2.0%, as well as the national average of -1.3%.

      Rents falling across cities in Texas

      Throughout the past year, rent decreases have been occurring not just in the city of Odessa, but across many other cities in the state. Rents have dropped in 1 of the largest 10 cities in Texas for which we have data. The state as a whole logged rent growth of -2.0% 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 $1,519; of the 10 largest Texas cities that we have data for, 6 have seen rents fall year-over-year, with Austin experiencing the fastest decline (-5.6%).
      • Arlington, El Paso, and Lubbock have all experienced year-over-year growth above the state average (5.8%, 3.9%, and 1.5%, respectively).

      Odessa rents more affordable than many large cities nationwide

      As rents have fallen sharply in Odessa, large cities nationwide have seen prices increase, in some cases substantially. Odessa is also more affordable than most large cities across the country.

      • Odessa's median two-bedroom rent of $688 is below the national average of $1,095. Nationwide, rents have fallen by 1.3% over the past year compared to the 36.2% decline in Odessa.
      • While rents in Odessa fell sharply over the past year, many cities nationwide saw increases, including Phoenix (+3.9%) and Detroit (+2.9%).
      • Renters will find more reasonable prices in Odessa than most large cities. For example, San Francisco has a median 2BR rent of $2,377, which is nearly three-and-a-half times the price in Odessa.

      For more information check out our national report. You can also access our full data for cities and counties across the U.S.

      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 about the methodology on our blog.

      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.

      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.