Downtown Houston is the corporate heart of this business-driven city. In recent years, though, city planners have been attempting to make downtown more pedestrian- and renter-friendly by installing greenery and public art and investing in retail and dining. The results are immediately apparent to longtime Houstonians, for whom Downtown is looking less like a parking lot, and more like a neighborhood. Lofts in formerly industrial spaces offer high ceilings, huge windows, and a taste of this historic city’s old-school charm. And new businesses and restaurants — like Phoenicia Specialty Foods, Prohibition Supper Club and Bar, and the underground food stall collective Conservatory — are making this once-stuffy area a destination.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the September 2022 Houston Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2022 key findings and figures for the Houston rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Houston and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Houston average rent prices in the chart below.
Houston rent prices increased over the last month. From August to September, the city experienced a 3.8% increase for the price of a one-bedroom apartment. The rent price for a Houston one-bedroom apartments currently stands at $1,201.0.
When we take a look at the two-bedroom comparison from August to September, Houston experienced a 3.44% increase for the price of a two-bedroom apartment. The rent price for a Houston two-bedroom apartments currently stands at $1,502.0.
Rent prices have increased in Houston over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Houston suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Spring, TX, Humble, TX, Richmond, TX, Katy, TX, Tomball, TX, Baytown, TX .
Rents did not decrease in any of the Houston suburbs.
4 suburbs are currently priced higher than the city of Houston.
2 suburbs are currently priced lower than the city of Houston.
Rent growth in Houston over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Houston average rent prices appear to be relatively affordable for local residents.
The price for a Houston one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's September 2022 National Apartment Report and data set here.
For more information about Houston and surrounding area rent prices, take a look at the complete data set below.
|1 BR September||1 BR M/M % Change||2 BR September||2 BR M/M % Change|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.