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15 Cheap Apartments for rent in Wichita Falls, TX

Last updated September 20 at 5:35pm UTC
Fountaingate
5210 Tower Dr
Wichita Falls, TX
Updated September 13 at 6:14pm UTC
1 Bedroom
$560
2 Bedrooms
$715
3 Bedrooms
$935
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated September 20 at 5:35pm UTC
Studio
$450
1406 Bell St
Wichita Falls
Wichita Falls, TX
Updated September 20 at 5:34pm UTC
1 Bedroom
$460
1509 Trigg Ln
Wichita Falls
Wichita Falls, TX
Updated September 20 at 5:33pm UTC
1 Bedroom
$500
2316 Buchanan St
Wichita Falls
Wichita Falls, TX
Updated September 19 at 7:01pm UTC
1 Bedroom
$550
1706 8th St
Wichita Falls
Wichita Falls, TX
Updated September 19 at 7:01pm UTC
2 Bedrooms
$550
8 Conner
Wichita Falls
Wichita Falls, TX
Updated September 19 at 12:36pm UTC
2 Bedrooms
$575
2311 Holliday Rd
Wichita Falls
Wichita Falls, TX
Updated September 19 at 9:37am UTC
1 Bedroom
$440
1414 POLK STREET
Wichita Falls
Wichita Falls, TX
Updated September 19 at 5:24am UTC
2 Bedrooms
$575
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated September 18 at 6:37pm UTC
1 Bedroom
$555
2409 BUCHANAN STREET
Wichita Falls
Wichita Falls, TX
Updated September 4 at 11:01pm UTC
1 Bedroom
$400
1309 FILLMORE STREET
Wichita Falls
Wichita Falls, TX
Updated August 31 at 11:04pm UTC
1 Bedroom
$475
715 Warford St
Wichita Falls
Wichita Falls, TX
Updated August 24 at 2:42am UTC
1 Bedroom
$575
1909 7th St
Wichita Falls
Wichita Falls, TX
Updated August 24 at 2:41am UTC
Studio
$430
700 Warford St
Wichita Falls
Wichita Falls, TX
Updated August 12 at 9:36am UTC
Studio
$495

September 2018 Wichita Falls Rent Report

Welcome to the September 2018 Wichita Falls Rent Report. Wichita Falls rents declined 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

September 2018 Wichita Falls Rent Report

Welcome to the September 2018 Wichita Falls Rent Report. Wichita Falls rents declined 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 decline sharply over the past month

Wichita Falls rents have declined 1.9% over the past month, but have remained steady in comparison to the same time last year. Currently, median rents in Wichita Falls stand at $590 for a one-bedroom apartment and $740 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Wichita Falls' year-over-year rent growth lags the state average of 1.8%, as well as the national average of 1.0%.

Rents rising across cities in Texas

Throughout the past year, rents have remained steady in the city of Wichita Falls, but other cities across the entire state have seen rents increase. 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 1.8% 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 $1,430; of the 10 largest cities in Texas that we have data for, Lubbock and El Paso, where two-bedrooms go for $820 and $830, are the only two major cities in the state to see rents fall year-over-year (-2.6% and -1.2%).
  • Houston, Corpus Christi, and Arlington have all experienced year-over-year growth above the state average (3.6%, 2.6%, and 2.1%, respectively).

Wichita Falls rents more affordable than many large cities nationwide

Rent growth in Wichita Falls 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. Wichita Falls is still more affordable than most large cities across the country.

  • Wichita Falls' median two-bedroom rent of $740 is below the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the stagnant growth in Wichita Falls.
  • While rents in Wichita Falls remained moderately stable this year, similar cities saw increases, including Phoenix (+2.5%), Atlanta (+1.5%), and San Francisco (+1.1%); note that median 2BR rents in these cities go for $1,050, $1,190, and $3,100 respectively.
  • Renters will find more reasonable prices in Wichita Falls than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.