Apartment List recently released the July rent report for Houston. The city continues to be one of Texas’ most affordable for renters, with year-over-year rent growth at a slower pace than both national and state averages.
Houston rents up 0.3 percent over last year
Rents in Houston stayed flat in June, with median rent prices for a two-bedroom at $1,540 and $1,200 for a one-bedroom. Overall, Houston rents have only increased by 0.3 percent since June 2015, compared to a statewide growth of 2.7 percent over the same time period.
Sugar Land is the second most expensive city in the metro
Besides Houston, Sugar Land is the most expensive city for renters in the metro. Rents in Sugar Land are at $1,470 for a two-bedroom and $1,110 for a one-bedroom, compared to $1,540 for a two-bedroom in Houston and $1,200 for a one-bedroom. Rents in Sugar Land increased by 0.4 percent last month.
Most expensive neighborhood?
Downtown continues to be Houston’s most expensive neighborhood, with two-bedroom rents at $2,580 and one-bedrooms at $1,200. The second most expensive neighborhood in Houston is Washington Ave-Memorial Park, with two-bedrooms at $2,160 and one-bedrooms at $1,560.
For methodology and data for other neighborhoods in Houston, see Apartment List’s full report here.
Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.
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