Pricey pads

This trendy neighborhood has the most expensive rents in San Antonio

The Pearl has the highest average rent in San Antonio.

If it's time to move, better get a handle on where in San Antonio is (somewhat) affordable to rent an apartment and where it is not. (Well, except for those in a specific tax bracket.)

Data from Apartments.com shows the average monthly rent for an apartment in the Lackland Terrace neighborhood is $617 as of May 14. That amount covers apartments of all sizes.

That's the lowest you'll find in San Antonio, followed by:

South Southwest, $684
Hot Wells (Southeast San Antonio), $685
Park Village (Northeast San Antonio) $715
South San Antonio, $746

At the other end of the spectrum, the most expensive neighborhood is the Pearl District, where average rent in mid-May was $2,283. That's the only San Antonio neighborhood with an average rent above $2,000 a month.

Other San Antonio neighborhoods with high rents are:

Museum Reach (downtown), $1,774
The Rim (Northwest San Antonio), $1,596
The Dominion (Northwest San Antonio), $1,545
King William (downtown), $1,543
Lone Star (downtown), $1,495

Only one neighborhood in Texas' four major metro areas lays claim to an average apartment rent above $3,000, and it’s in Austin. Apartments in the Northshore neighborhood, located in downtown Austin, stand at $3,156.

No neighborhoods in the Dallas-Fort Worth, Houston, and San Antonio metro areas topped the $3,000 mark for average apartment rent in mid-May, Apartments.com says.

Rounding out the top five most expensive neighborhoods in which to rent in Austin are:

Market District (western section of downtown), $2,991
Rainey Street, $2,425
West End (just west of downtown), $2,273
The Triangle (Central Austin), $2,002

As for the biggest bargain for apartments in the Austin area, you’d need to look at the Uptown section of San Marcos. There, the average rent was $815 as of May 14, according to Apartments.com.

Among the state’s other major metros, the most expensive neighborhood is Houston’s Market Square. There, the average rent in mid-May was $2,677, Apartments.com says.

Three other Houston neighborhoods notched average rents above $2,000:

Museum District, $2,656
Discovery Green, $2,331
University Place, $2,289

Meanwhile, the East Little York neighborhood in the Lake Houston area boasted the lowest average rent: $635. It’s preceded by:

Pecan Park (East End), $659
Hobby Airport area (Southeast Houston), $718
Golfcrest (Southeast Houston), $718
Westwood (Southwest Houston), $720
Braeburn (Southwest Houston), $728

Those looking for cheaper rents in Dallas-Fort Worth should search in South Dallas-Fair Park, where it's $741, followed by:

Lake Cliff, $748
South Boulevard-Park Row (Southeast Dallas), $785
Hunt County, $791
Highland Hills (Southeast Dallas), $800
Piedmont (Southeast Dallas), $808
Central Meadowbrook (East Fort Worth), $828

The Victory Park neighborhood (Uptown/Park Cities) tops the list for the highest average rent ($2,189). Only one other neighborhood (Uptown Dallas) had average rent above $2,000 as of mid-May. There, the average rent was $2,165.

rent

bang for your buck

San Antonio ZIP code is 4th most affordable place for renters in U.S.

Photo by Florian Schmid on Unsplash

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Trying to afford buying a home in San Antonio is difficult enough with current mortgage rates, and doubly so if you're already paying high rent on an apartment or a house. But there are six San Antonio ZIP codes where renters can get the most bang for their buck, according to a new study by financial services company CashNetUSA.

To find the most affordable ZIP codes for renters in the U.S., analysts compared median household incomes by ZIP code to the average annual rent costs in those areas using the Zillow Observed Rent Index. ZIP codes where the average annual rental constituted the lowest percentage of median household income were considered the "most affordable."

San Antonio's 78248 ZIP code specifically stood out as the No. 4 most affordable in the country, and the No. 1 most affordable in Texas. This area encompasses the north San Antonio neighborhoods of Inwood, Forests at Inwood, Oakwood, The Park at Deerfield, Canyon Creek Bluffs, Canyon Creek Village, Blanco Village, Deerfield, Cadillac Drive, and Churchill Estates.

According to the study's findings, the average monthly cost of a rental in 78248 comes out to $1,259.17, and the median annual income of a household in the area is $122,986. Analysts then calculated that the annual rent of a home in this ZIP code only takes up 12.29 percent of a household's median income, which is the fourth-lowest in the nation.

CashNetUSA found the No. 1 most affordable ZIP code for renters nationwide is 66224 in Leawood, Kansas, where annual rent only takes a 10.57 percent cut out of a household's median annual income.

Elsewhere in Texas, two Houston-area ZIP codes – 77401 and 77094 – ranked No. 9 and No. 12 nationally, while Allen's 75013 ZIP code fell two spots behind to claim the No. 14 spot.

The most affordable San Antonio-area ZIP codes for renters
CashNetUSA further unveiled the five most affordable ZIP codes across major U.S. cities, including in San Antonio, Austin, and Houston.

Following 78248 (which took the No. 1 spot citywide) is 78261 (No. 2), which spans east of Highway 281, across Smithson Valley Road. Rent costs in this ZIP code averaged out to $1,698 per month, the report found.

Landing in the No. 3 spot is 78258, which includes Rogers Ranch, The Vineyard, Stone Oak, Summit, Hidden Canyon, and Big Springs neighborhoods. The report said average rent in the area comes out to $1,507 per month, which takes up 17.54 percent of a household's median annual income.

The remaining top two most affordable ZIP codes for San Antonio renters are located in 78259 (Encino Park, Encino Ranch, Cavalo Creek Estates, Northwood Hills, Summit at Bulverde Creek, Roseheart, Redland Woods) and 78260 in Timberwood Park, which is about 25 miles north of downtown San Antonio.

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