Apartment List recently released the July rent report for Houston. The city continues to be one of Texas’ most affordable for renters, with year-over-year rent growth at a slower pace than both national and state averages.
Houston rents up 0.3 percent over last year
Rents in Houston stayed flat in June, with median rent prices for a two-bedroom at $1,540 and $1,200 for a one-bedroom. Overall, Houston rents have only increased by 0.3 percent since June 2015, compared to a statewide growth of 2.7 percent over the same time period.
Sugar Land is the second most expensive city in the metro
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Besides Houston, Sugar Land is the most expensive city for renters in the metro. Rents in Sugar Land are at $1,470 for a two-bedroom and $1,110 for a one-bedroom, compared to $1,540 for a two-bedroom in Houston and $1,200 for a one-bedroom. Rents in Sugar Land increased by 0.4 percent last month.
Most expensive neighborhood?
Downtown continues to be Houston’s most expensive neighborhood, with two-bedroom rents at $2,580 and one-bedrooms at $1,200. The second most expensive neighborhood in Houston is Washington Ave-Memorial Park, with two-bedrooms at $2,160 and one-bedrooms at $1,560.
For methodology and data for other neighborhoods in Houston, see Apartment List’s full report here.
Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.