Welcome to the December 2023 San Antonio Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2023 key findings and figures for the San Antonio rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in San Antonio 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 San Antonio average rent prices in the chart below.
San Antonio rent prices increased over the last month. From November to December, the city experienced a 0.47% increase for the price of a one-bedroom apartment. The rent price for a San Antonio one-bedroom apartments currently stands at $1,060.0.
When we take a look at the two-bedroom comparison from November to December, San Antonio experienced a 0.3% increase for the price of a two-bedroom apartment. The rent price for a San Antonio two-bedroom apartments currently stands at $1,354.0.
Rent prices have increased in San Antonio over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the San Antonio suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Live Oak, TX .
Rent decreased in Boerne, TX, New Braunfels, TX, Castle Hills, TX, Universal City, TX, Converse, TX, Balcones Heights, TX.
5 suburbs are currently priced higher than the city of San Antonio.
2 suburbs are currently priced lower than the city of San Antonio.
Rent growth in San Antonio 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, San Antonio average rent prices appear to be relatively affordable for local residents.
The price for a San Antonio 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 San Antonio and surrounding area rent prices, take a look at the complete data set below.
|1 BR December||1 BR M/M % Change||2 BR December||2 BR M/M % Change|
|San Antonio, TX||$1,055.0||-0.19%||$1,350.0||0.07%|
|New Braunfels, TX||$1,306.0||-1.36%||$1,570.0||-1.26%|
|Live Oak, TX||$1,057.0||1.24%||$1,505.0||0.13%|
|Castle Hills, TX||$1,311.0||-5.89%||$1,416.0||-4.45%|
|Universal City, TX||$1,062.0||-1.21%||$1,186.0||-2.87%|
|Balcones Heights, TX||$923.0||-0.86%||$1,141.0||0.09%|
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.