Last updated on August 12, 2026

Average rent in
Fannin Terrace, Midland, TX

Median rent

Median rent in Fannin Terrace

$1,257/mo

decreased by61%

vs previous year

The average rent in Fannin Terrace is $1,257 per month as of August 2026. This is 35% below the national average rent, or $668 less per month.

$1.15

average price per square foot

Total rentals

Available rentals in Fannin Terrace

20

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Fannin Terrace rentals at each price point

55%41%28%14%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Fannin Terrace, Midland, TX

Average rent prices in Fannin Terrace have decreased by 22% over the last month and have decreased by 61% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Fannin Terrace, Midland, TX

Rent prices in Fannin Terrace vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Fannin Terrace is $1,311, whereas a house costs $2,400. 1-bedroom apartments in Fannin Terrace run $1,139 on average, while 2-bedroom apartments are $1,600.

Listings

1 bedroom

$1,034

-

-

2 bedroom

$1,507

No Change

-

3 bedroom

$2,400

No Change

29%

4 bedroom

$3,200

No Change

30%

1 bedroom

Average rent

$1,034

2 bedroom

Average rent

$1,507

3 bedroom

Average rent

$2,400

Last year

29%

4 bedroom

Average rent

$3,200

Last year

30%

The table above reflects average rent prices in Fannin Terrace, Midland, TX, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Fannin Terrace, Midland, TX compare to other neighborhoods?

Compare median rent prices in Fannin Terrace and Barkman Square by all bedroom counts and property types.

Fannin Terrace

Median rent price$1,257
decreased by35%

lower than the national median

Median rent price$2,029
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Fannin Terrace, Midland, TX is 38% lower than the median rent in Barkman Square, Midland, TX.

Discover rentals in Fannin Terrace, Midland, TX

2517 W Wadley Ave - Photo 1 of 1

5d+ ago

Fannin Terrace apartment for rent in Midland

MULTI_FAMILY - Midland, TX

2517 W Wadley Ave, Midland, TX 79705

2 beds

2 baths

$1,600

Apartment for rent

2610 Frontier Dr - Photo 1 of 1

5d+ ago

Fannin Terrace house for rent in Midland

SINGLE_FAMILY - Midland, TX

2610 Frontier Dr, Midland, TX 79705

3 beds

2 baths

$2,850

House for rent

Stay up to date with rental market insights

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Frequently asked questions for Fannin Terrace, Midland, TX

Quick answers to common questions about the Fannin Terrace rental market.

How much is rent in Fannin Terrace?

The average rent in Fannin Terrace is $1,257 per month as of August 8, 2026.

Is rent up or down in Fannin Terrace?

Average rent prices in Fannin Terrace have decreased by 22% over the last month and have decreased by 61% since last year.

How does Fannin Terrace rent compare to the national average?

Rent in Fannin Terrace is 35% below the national average, which means renters are paying approximately $668 less per month.

What salary do I need to afford rent in Fannin Terrace?

To comfortably afford rent in Fannin Terrace, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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