Houston rental market analysis

Rental Market Reports > Apartment Reports > Houston, TX

Q1 2023 - Rental Market Report



This rental market report looks at how Houston, TX apartment rent prices have changed in Q1 2023.

According to our data, one and two-bedroom apartments both had a 13% decrease in rent prices while three-bedroom apartments had an increase of 3%.

Change in Year-Over-Year Average Rents: 1-3 Bedroom Apartments

Rent prices in 1-3 bedroom types in Houston, Texas experienced the following year-over-year rent decreases and increases in Q1 2023:

  • 1-Bedroom: -13%
  • 2-Bedroom: -13%
  • 3-Bedroom: 3%


Year-Over-Year Average Rents: 1-3 Bedroom Apartments

Below are the average rent prices for 1-3 bedroom apartments in Q1 2023 for Houston, Texas. 

  • 1-Bedroom: $1,181
  • 2-Bedroom: $1,603
  • 3-Bedroom: $1,931



Geography: This report analyzes rents in Houston, TX.

Property Type: One, two, and three-bedroom apartments with all bathroom counts.

Analysis: Rent data was analyzed year-over-year for each bedroom count.

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


Neighborhood Rent Analysis


Dive deeper into the Houston apartment rental market by viewing average rent prices by neighborhood.




For more data, visit www.rentometer.com

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.