Texas rent price analysis

Rental Market Reports > Single-Family Home Reports > Texas

This rental market report examines the average rent in Texas for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Texas cities: Dallas, Houston, Arlington, San Antonio, and Austin.

According to our data, Dallas had the largest year-over-year rent price increase of 6%, while Austin had a year-over-year rent price decrease of 2%.

Methodology

  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Texas during Q3 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Texas cities experienced the following year-over-year rent increases in Q3 2023:

  • The average Dallas rent price is $2,826 with a year-over-year rent price increase of 6%
  • The average Houston rent price is $2,224 with a year-over-year rent price increase of 4%
  • The average Arlington rent price is $2,155 with a year-over-year rent price increase of 1%
  • There average San Antonio rent price is $1,873 with no significant year-over-year change in rent price.
  • The average Austin rent price is $2,854 with a year-over-year rent price decrease of 2%

 

City/State Q3 2022
Average Rent
Q3 2023
Average Rent
YoY %
Change
Dallas, TX $2,660 $2,826 6%
Houston, TX $2,148 $2,224 4%
Arlington, TX $2,125 $2,155 1%
San Antonio, TX $1,864 $1,873 -
Austin, TX $2,918 $2,854 -2%

 

 

 

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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.