Downtown San Antonio is the lively urban center of this bustling city. It’s long been a popular tourist destination, home to both the Alamo and The Riverwalk, a pedestrian path winding along the San Antonio River that’s lined with restaurants, bars, and hotels. Generations of San Antonians know it as a place to play, but increasingly, it’s a place to live. In recent years the area has seen a major uptick in renters, attracted by newly renovated historic buildings and a bevy of new apartment and condo complexes. It’s now a convenient, vibrant part of the city, easily walkable and in close proximity to restaurants, coffee shops, museums, and some of the city’s major cultural and civic institutions, like The Majestic Theater, UTSA’s downtown campus, and the Central Library, affectionately called The Red Enchilada by locals because of its bright red paint and curved exterior.
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 San Antonio 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 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 August to September, the city experienced a 1.31% increase for the price of a one-bedroom apartment. The rent price for a San Antonio one-bedroom apartments currently stands at $1,079.0.
When we take a look at the two-bedroom comparison from August to September, San Antonio experienced a 1.61% increase for the price of a two-bedroom apartment. The rent price for a San Antonio two-bedroom apartments currently stands at $1,265.0.
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 3 of the San Antonio suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in New Braunfels, TX, Universal City, TX, Boerne, TX .
Rent decreased in Alamo Heights, TX, Converse, TX, Cibolo, TX.
3 suburbs are currently priced higher than the city of San Antonio.
3 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.
You can view the full rundown of Rentable's September 2022 National Apartment Report and data set here.
For more information about San Antonio 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|
|San Antonio, TX||$1,065.0||2.90%||$1,245.0||2.39%|
|Alamo Heights, TX||$1,449.0||0.00%||$1,631.0||0.56%|
|New Braunfels, TX||$1,187.0||4.03%||$1,465.0||1.17%|
|Universal City, TX||$955.0||1.49%||$1,173.0||1.82%|
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.