Monthly apartment rent and rental growth in Houston, TX, 2018-2023
The median rent for one- and two-bedroom apartments in Houston, Texas, gradually increased between 2020 and 2023, reaching 1,287 U.S. dollars by the end of 2023. At the start of the coronavirus pandemic, rental growth briefly turned negative, but in February 2021, this trend reversed and rental growth exceeded 11 percent. Furthermore, no notable variation in rental growth was observed in December 2023 in comparison to the previous year. Among the different states in the U.S., Texas ranks asĀ one of the mid-price range rental markets.