Jumping three spots this month, Houston ranked as the 23rd most expensive rental market in the nation. One bedroom units were priced at a median of $1,210, while two bedroom units settled at $1,500. Since this time last year, the price of both one and two bedroom units are up 15%.
At a median of $1,810 a month for one bedroom units, The Museum District was the most expensive neighborhood to rent this spring. A few hundred dollars behind, Downtown Houston, Hunter Creek Village, and Fourth Ward were the next priciest areas.
On the other end of the cost spectrum, Kashmere Gardens, Settagast, and Pecan Park were the most affordable areas, all with one bedroom rents under $600.
Greater Third Ward and Gulfgate – Pine Valley had the fastest growing rents, both up over 12% since last quarter.
If you’re interested to see how Houston compares with the rest of the United States, view our National Rent Report for March, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, Pinterest, and Instagram. In the market for a new place? Search over 13,100 Houston apartments for rent on Zumper now.
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