How many apartments are available in 77040 on Rentable.co?

Rentable.co has 34 apartments available for rent in 77040.

What is the average rent for an apartment in 77040?

The average rent for an apartment in 77040 is around $1,090 per month.

What is the average rent for a one-bedroom apartment in 77040?

The average rent for a one-bedroom apartment in 77040 is around $844 per month.

What is the average rent for a two-bedroom apartment in 77040?

The average rent for a two-bedroom apartment in 77040 is around $1,159 per month.

What is the average rent for a studio apartment in 77040?

The average rent for a studio apartment in 77040 is around $1,350 per month.

Apartments in 77040

Houston:
May Rent Report

Welcome to the May 2024 Houston Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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.

Monthly Rent Report

$1,600

$1,200

$800

$400

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Houston Rent Prices Increase From April to May

Houston rent prices increased over the last month. From April to May, the city experienced a 1.17% increase for the price of a one-bedroom apartment. The rent price for a Houston one-bedroom apartments currently stands at $1,208.0.

When we take a look at the two-bedroom comparison from April to May, Houston experienced a 1.52% increase for the price of a two-bedroom apartment. The rent price for a Houston two-bedroom apartments currently stands at $1,532.0.

May Prices: Houston vs. Surrounding Areas

The Woodlands, TX

Katy, TX

Spring, TX

Tomball, TX

Houston, TX

Nassau Bay, TX

Webster, TX

Pasadena, TX

$1,505

$1,333

$1,245

$1,219

$1,194

$1,122

$1,022

$916

$500

$1,000

$1,500

$2,000

Median 1 BR Rent

Rent Prices in Houston and Surrounding Areas

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 3 of the Houston suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Katy, TX, Pasadena, TX, Webster, TX .
Rent decreased in Spring, TX, Nassau Bay, TX, The Woodlands, TX, Tomball, TX.
4 suburbs are currently priced higher than the city of Houston.
3 suburbs are currently priced lower than the city of Houston.

May 2024 Pricing Trends: Houston vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Houston, TX

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,194

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Houston Rent Prices More Affordable Than Major Cities

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.

For more information about Houston and surrounding area rent prices, take a look at the complete data set below.

Data set for Houston and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Houston, TX	$1,194.0	0.68%	$1,509.0	0.73%
Katy, TX	$1,333.0	0.60%	$1,767.0	-0.28%
Spring, TX	$1,245.0	0.00%	$1,572.0	1.49%
Pasadena, TX	$916.0	0.22%	$1,191.0	1.02%
Nassau Bay, TX	$1,122.0	-0.80%	$1,326.0	0.08%
Webster, TX	$1,022.0	0.69%	$1,367.0	-0.87%
The Woodlands, TX	$1,505.0	-0.27%	$2,056.0	-0.58%
Tomball, TX	$1,219.0	-0.49%	$1,534.0	-0.07%

Methodology

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.