17 Cheap Apartments for rent in Wichita Falls, TX

Last updated January 20 at 11:44am UTC
1309 FILLMORE STREET
Wichita Falls
Wichita Falls, TX
Updated January 12 at 9:49am UTC
1 Bedroom
$475
715 Warford St
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:11am UTC
1 Bedroom
$550
1611 LUCILE AVENUE
Wichita Falls
Wichita Falls, TX
Updated January 18 at 1:53am UTC
2 Bedrooms
$550
1657 McGregor Ave
Wichita Falls
Wichita Falls, TX
Updated January 11 at 1:44am UTC
1 Bedroom
$525
2414 Fillmore St
Wichita Falls
Wichita Falls, TX
Updated January 20 at 2:24am UTC
1 Bedroom
$450
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated January 3 at 1:53am UTC
Studio
$400
2708 CHEROKEE STREET
Wichita Falls
Wichita Falls, TX
Updated January 3 at 11:37am UTC
1 Bedroom
$425
1509 Trigg Ln
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:11am UTC
1 Bedroom
$550
1679 SPEEDWAY AVENUE
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:40am UTC
Studio
$525
1017 ROOSEVELT STREET
Wichita Falls
Wichita Falls, TX
Updated January 3 at 11:39am UTC
2 Bedrooms
$400
2907 Kessler Ave
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:12am UTC
2 Bedrooms
$475
1601 Elizabeth Ave
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:11am UTC
1 Bedroom
$450
1506 PARKDALE DRIVE
Wichita Falls
Wichita Falls, TX
Updated January 5 at 12:34pm UTC
3 Bedrooms
$525
2710 10th St
Wichita Falls
Wichita Falls, TX
Updated January 18 at 10:01am UTC
1 Bedroom
$495
1406 Bell St
Wichita Falls
Wichita Falls, TX
Updated January 3 at 1:51am UTC
1 Bedroom
$450
1707 8th St
Wichita Falls
Wichita Falls, TX
Updated January 20 at 11:44am UTC
Studio
$475
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated January 20 at 11:43am UTC
1 Bedroom
$550
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January 2018 Wichita Falls Rent Report

Welcome to the January 2018 Wichita Falls Rent Report. Wichita Falls rents increased over the past month. In this report, we'll evaluate trends in the Wichita Falls rental market, including comparisons to cities throughout the state and nation.

View full Wichita Falls Rent Report
Rent Report
Wichita Falls

January 2018 Wichita Falls Rent Report

Welcome to the January 2018 Wichita Falls Rent Report. Wichita Falls rents increased over the past month. In this report, we'll evaluate trends in the Wichita Falls rental market, including comparisons to cities throughout the state and nation.

Wichita Falls rents increase sharply over the past month

Wichita Falls rents have increased 2.1% over the past month, and are up slightly by 1.8% in comparison to the same time last year. Currently, median rents in Wichita Falls stand at $590 for a one-bedroom apartment and $750 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in October. Wichita Falls' year-over-year rent growth lags the state average of 2.5%, as well as the national average of 2.8%.

Rents rising across cities in Texas

Throughout the past year, rent increases have been occurring not just in the city of Wichita Falls, but across the entire state. Of the largest 10 cities that we have data for in Texas, 9 of them have seen prices rise. The state as a whole logged rent growth of 2.5% 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 $1,410; of the 10 largest cities in the state that we have data for, Lubbock, where a two-bedroom goes for $820, is the only major city to see rents fall year-over-year (-0.3%).
  • Arlington, Fort Worth, and Plano have all experienced year-over-year growth above the state average (6.6%, 4.3%, and 2.9%, respectively).

Wichita Falls rents more affordable than many large cities nationwide

As rents have increased slightly in Wichita Falls, a few large cities nationwide have seen rents grow more quickly. Wichita Falls is still more affordable than most large cities across the country.

  • Wichita Falls' median two-bedroom rent of $750 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 1.8% rise in Wichita Falls.
  • While Wichita Falls' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Phoenix (+3.8%), Seattle (+3.0%), and Atlanta (+2.2%).
  • Renters will find more reasonable prices in Wichita Falls than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than four times the price in Wichita Falls.

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.