27 Cheap Apartments for rent in Wichita Falls, TX

Last updated November 19 at 10:20am UTC
2710 10th St
Wichita Falls
Wichita Falls, TX
Updated October 26 at 6:15pm UTC
1 Bedroom
$495
1611 Lucas Ave
Wichita Falls
Wichita Falls, TX
Updated September 26 at 3:44am UTC
2 Bedrooms
$500
2414 Fillmore St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:37pm UTC
1 Bedroom
$450
2802 Holliday Rd
Wichita Falls
Wichita Falls, TX
Updated November 19 at 10:20am UTC
Studio
$450
1600 Burnett St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:35pm UTC
Studio
$425
2714 SHERMAN ROAD
Wichita Falls
Wichita Falls, TX
Updated November 15 at 1:49am UTC
1 Bedroom
$495
2316 Buchanan St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:37pm UTC
1 Bedroom
$575
1679 SPEEDWAY AVENUE
Wichita Falls
Wichita Falls, TX
Updated November 16 at 10:13am UTC
Studio
$525
2135 Ave G
Wichita Falls
Wichita Falls, TX
Updated November 19 at 10:19am UTC
1 Bedroom
$575
1406 Bell St
Wichita Falls
Wichita Falls, TX
Updated November 9 at 10:18am UTC
1 Bedroom
$450
2708 CHEROKEE STREET
Wichita Falls
Wichita Falls, TX
Updated October 11 at 4:50am UTC
1 Bedroom
$450
1313 Burnett St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:36pm UTC
1 Bedroom
$400
2907 Kessler Ave
Wichita Falls
Wichita Falls, TX
Updated November 19 at 10:20am UTC
2 Bedrooms
$475
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated November 10 at 10:00am UTC
Studio
$400
1509 Trigg Ln
Wichita Falls
Wichita Falls, TX
Updated November 19 at 10:19am UTC
1 Bedroom
$500
907 Williams
Wichita Falls
Wichita Falls, TX
Updated November 16 at 11:40am UTC
3 Bedrooms
$550
1601 Elizabeth Ave
Wichita Falls
Wichita Falls, TX
Updated November 16 at 2:05am UTC
1 Bedroom
$450
1706 8th St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:37pm UTC
2 Bedrooms
$475
1317 11th St
Wichita Falls
Wichita Falls, TX
Updated November 16 at 12:35pm UTC
1 Bedroom
$550
1505 Bland St
Wichita Falls
Wichita Falls, TX
Updated November 15 at 11:39am UTC
2 Bedrooms
$575
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November 2017 Wichita Falls Rent Report

Welcome to the November 2017 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

November 2017 Wichita Falls Rent Report

Welcome to the November 2017 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 declined significantly over the past month

Wichita Falls rents have declined 0.6% over the past month, and have decreased slightly by 0.2% in comparison to the same time last year. Currently, median rents in Wichita Falls stand at $580 for a one-bedroom apartment and $730 for a two-bedroom. This is the fourth 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 2.0%, as well as the national average of 2.7%.

Rents rising across cities in Texas

While rent decreases have been occurring in the city of Wichita Falls over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 9 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 $1,420; of the 10 largest cities in the state that we have data for, Corpus Christi, where a two-bedroom goes for $1,030, is the only other major city besides Wichita Falls to see rents fall year-over-year (-0.8%).
  • Arlington, Fort Worth, and Dallas have all experienced year-over-year growth above the state average (7.9%, 5.2%, and 2.6%, respectively).

Wichita Falls rents more affordable than many large cities nationwide

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

  • Wichita Falls' median two-bedroom rent of $730 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.2% decline in Wichita Falls.
  • While rents in Wichita Falls fell slightly over the past year, many cities nationwide saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Atlanta (+2.4%).
  • Renters will find more reasonable prices in Wichita Falls 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 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.