Rent in Houston, TX

|
General Moving

The Lone Star State has seen a boom in population in recent years.  And as residents have flowed in, rents have been on the rise in many areas of Texas.  Utilizing data released by Zillow, the average  rents of multi-family homes, single-family homes, condos, and co-ops  were examined.  Comparing data from February, 2017 (the most recent available), February, 2016, and February, 2012, analysis of the change in average rent over a one-year and five-year period was conducted.

The Houston area has seen rents increase by almost 24% in the last five years.  In February, 2012, the Houston area had an average rent of $1,283.  This had increased to $1,650 in February, 2016.  This past February, the average rent residents paid across the metro area was $1,586.

Within the Houston area, residents of Afton Oaks-River Oaks Area had the most expensive rent, averaging a $5,046 in February.  In the five years between February, 2012 and February, 2017, the Afton Oaks-River Oaks area experienced an 18.2% increase in average rent.  This amounts to an increase of $776 in average rent over this time frame.  University Place, Memorial, Braeswood Place, and Meyersland Area were some of Houston’s other most expensive neighborhoods.

Those living in the Westwood neighborhood enjoyed the cheapest rent in February, paying $893 on average.  This was a 1.6% increase from the previous February, when average rent was $879.  In comparing the average rent in Westwood from February, 2012 to February, 2017, the neighborhood has experienced a 30% increase in rent over the last five years.  Clinton Park Tri-Community, Settegast, South Park, and Pleasantville Area were some of the other least expensive neighborhoods to rent in.

Largest Increases from 2012-2017

In the five years between February, 2012 and February, 2017, every neighborhood in the Houston metro area experienced an increase in average rent.   The neighborhoods that experienced the greatest percentage increase were

Westchase (+40.2%)

Trinity-Houston Gardens (+39.7%)

Harrisburg-Manchester (+39%)

Denver Harbor-Port Houston (+38%)

Magnolia Park (+37.9%)

The neighborhoods that experienced the greatest increase in dollar amount included

University Place (+$912)

Memorial (+$868)

Afton Oaks-River Oaks Area (+$776)

Meyerland Area (+$679)

Greater Heights (+$578)

Largest Increases from 2016-2017

In the one year period between February, 2016 and February, 2017, most neighborhoods in the Houston metro area experienced an increase in average rent.  The neighborhoods that experienced the greatest percentage increase were

Clinton Park Tri-Community (+5.8%)

East Houston (+5.7%)

East Little York-Homestead (+5.6%)

South Main (+5.6%)

South Park (+4.8%)

The neighborhoods that experienced the greatest increase in dollar amount included

South Main (+$63)

East Houston (+$62)

East Little York-Homestead (+$61)

Clinton Park Tri-Community (+$59)

South Acreas-Crestmont Park (+$51)

Largest Decreases  from 2012-2017

In the five year period between February, 2012 and February, 2017, there were no neighborhoods in the Houston metro area that experienced a decrease in average rent.

Largest Decreases from 2016-2017

In the one year period between February, 2016 and February, 2017, there were 52 communities in the Houston metro area that experienced a decrease in average rent.  The neighborhoods that experienced the greatest percentage decrease were

Medical Center Area (-12.5%)

Greenway-Upper Kirby Area (-12.4%)

Willow Meadows-Willowbend Area (-12.3%)

Neartown-Montrose (-12.1%)

Greater Uptown (-11.7%)

The neighborhoods that experienced the greatest decrease in dollar amount include

Afton Oaks-River Oaks Area (-$659)

University Place (-$483)

Medical Center Area (-$343)

Neartown-Montrose (-$313)

Memorial (-$297)

 

Moving?

Find and Compare Local Moving
Company Quotes Instantly!

Finding local mover rates near you is:

Simple
Fast
Easy

Moving?

Find and Compare Local Moving
Company Quotes Instantly!

Finding local mover rates near you is:

Simple
Fast
Easy

Move Matcher is proudly accredited by: