Markets & EconomyRentals

Apartment List releases May report on Houston rent

Houston rent prices go down in April, according to Apartment List
  • Over the past month, Houston rent prices declined by an average of 0.2 percent.
  • Houston and Sugar Land continue to have the highest rents in the Houston metro area.
  • Within the Houston metro, Conroe is the city experiencing the fastest rent increase on a year-over-year basis.
  • Westchase is Houston's fastest-growing neighborhood when it comes to rent prices.

Last week, Apartment List released its May 2016 rent report for Houston. Over the past month, Houston rent experienced decreases and continues to be one of the most budget-friendly places to rent in Texas. Houston year-over-year rent growth at 0.8 percent Over the past month, Houston rent prices declined by an average of 0.2 percent. This led to a year-over-year rental price growth rate of about 0.8 percent, compared to Texas' overall growth rate of 3 percent. The median rent price for a two-bedroom in Houston right now is $1,500, and one-bedrooms are at $1,200. Houston and Sugar Land are metro's most expensive cities Houston and Sugar Land continue to have the highest rents in the Houston metro area. A two-bedroom apartment in Sugar Land has a median rent price of $1,450, and one-bedrooms are at $1,110. Although Sugar Land is only showing a 0.5 percent rent increase over the past year, its growth rate for last month alone was a whopping 10.1 percent. Conroe has fas...