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HOUSTON – (By Dale King, Realty News Report) – Rent prices in the city of Houston have basically flat-lined for the past 12 months. And while prices nudged up slightly in April, May and June, Houston’s year-over-year rent rate growth of just 0.5% lags far behind the Texas state average of 1.7% and the national average of 1.6%.
Currently, says Apartment List’s report for July 2019, median rents in Houston stand at $850 for a one-bedroom apartment and $1,030 for a two-bedroom residence. This is the third straight month of rent increases in the city following a deep dip in March.
The report offers the following information on how rents compare across some of the communities in the Houston metro area:
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Pasadena has the least expensive rent, with a median, two-bedroom charge of $1,010. But that city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 2.6%
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Sugar Land has seen rents fall by 1.2% over the past year, the biggest drop in Greater Houston. But it is also the most expensive city in the metro area with a two-bedroom median rent of $1,560.
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From most to least expensive rent for a two-bedroom apartment, the top 10 cities in the Houston metro are: Sugar Land, $1,560; League City, $1,500; Missouri City, $1,450; Spring, $1,380; Pearland, $1,350; Conroe, $1,100; Galveston, $1,090; Baytown, $1,080; Houston, $1,030 and Pasadena, $1,010.