San Antonio apartment rents slightly slipped last year, says new report
Jan 20, 2021 | 10:00 am
Renters, take note: San Antonio apartment rates are in a slight decline.
A report released December 28 by Apartment List shows median rents in San Antonio slipped 1 percent year over year, with a one-bedroom apartment currently going for $893 and a two-bedroom apartment for $1,083.
Rents in the Alamo City have been declining since September 2020, which is on trend with the rest of the state as well as the country. The report notes that nationwide, rents trended downward last year — about 1.5 percent — but "San Antonio's year-over-year rent growth leads the state average of -2.1 percent, as well as the national average of -1.5 percent."
In Texas overall, rent declined 2.1 percent last year. A snapshot throughout the state shows:
- Houston posted a decrease of 3.5 percent last year. The median rent for a one-bedroom apartment in Houston stood at $900 a month; for a two-bedroom apartment, it was $1,070. However, rents have gone up in five of the 11 largest cities in the Houston metro area.
- Austin took a year-over-year slide of 5.4 percent, accounting for the biggest fall among major Texas cities tracked by Apartment List. Rent was $1,179 for a one-bedroom apartment and $1,440 for a two-bedroom apartment as of December 2020.
- Dallas — where rent fell 2.6 percent last year — remains more affordable than most other large cities across the country, the report notes. A one-bedroom apartment in Dallas runs $980, and two-bedroom, $1,170.
- Rents in in the popular beach destination Galveston dropped 3.5 percent over a year’s time. Median rent there is $890 for a one-bedroom apartment and $1,130 for a two-bedroom apartment, according to Apartment List.