renter report

This is how much San Antonio rent prices have dropped in one year

Rent is on the decline in San Antonio.

A new Zumper rent report has revealed that Texas is leading the nation in annual rent declines since 2025, and San Antonio rent prices have fallen nearly nine percent since last August.

Zumper's monthly report analyzes one- and two-bedroom rent prices from the previous month across 100 U.S. cities, and tracks one-month and year-over-year changes.

A one-bedroom apartment in San Antonio had a $960 monthly rent price in August, down 8.6 percent since this time last year. Two-bedroom units were 4.5 percent cheaper than they were a year ago and now sit at $1,260 per month.

Meanwhile, Austin, Houston, and Dallas locked out the top three cities where one-bedroom rent prices have plummeted more than anywhere else in the country.

The report's findings reveal a pattern across Texas' biggest metros as "elevated multifamily supply" was "absorbed through the boom years." Renters currently have the advantageous opportunity to negotiate lower rent from their landlords, according to Zumper CEO Shawn Mullahy.

"Texas is showing exactly what happens when supply materially outruns demand," Mullahy said. "Austin, Houston and Dallas added enormous amounts of inventory, and renters now have leverage because owners are competing to fill it. That won’t reverse until enough of that supply is absorbed."

For comparison, Zumper's National Rent Index for August 2026 found the median one-bedroom rent fell 0.1 percent year-over-year to $1,515, while two-bedroom rent increased 0.5 percent to $1,907.

Rent prices across Texas
Austin tops the U.S. with the steepest decline in both one- and two-bedroom rent prices in August. A one-bedroom unit in Texas' capital city had a $1,260 monthly price, down 16.6 percent from August 2025. Rent for a two-bedroom unit declined even further, by 19.1 percent, to $1,610 per month.

One-bedroom apartments in Houston weren't far behind. Rent for a single-bedroom unit dipped 14.6 percent year-over-year to $1,050, and the price for a two-bedroom unit fell 5.4 percent to $1,400.

A one-bedroom unit in Dallas, meanwhile, had a $1,270 monthly price, down 13 percent from August 2025. Rent for a two-bedroom unit declined by 13.4 percent to $1,810 per month.

Elsewhere in the North Texas region, rent prices for a one-bedroom unit in Plano have dipped 7.1 percent since last year to $1,310. Single-bedroom units in Irving are renting for $1,210 a month, or 4.7 percent lower than they were the year before.

In Fort Worth and Arlington, one-bedroom units had a monthly asking price of $1,160 and $1,080 in August. Arlington's one-bedroom rent price is unchanged from 2025, and Fort Worth's is down 3.3 percent.

This is how much it costs for a two-bedroom unit across DFW in August, compared to the previous year:

Plano: $1,920 per month, down 3.5 percent
Irving: $1,620 per month, down 4.7 percent
Fort Worth: $1,530 per month, down 5.5 percent
Arlington: $1,460 per month, down 2.8 percent

apartments housing real estate rent rent prices zumper austin

CRANE WATCH

New 6-acre development takes shape on San Antonio's Museum Reach

Rendering courtesy of Jones Ave.

Jones Ave. could turn a nondescript plot near Pearl into a shopping and dining destination.

A new mixed-use development is taking shape in the gap between River North and Pearl. Construction crews have begun demolishing a roughly six-acre site near the San Antonio Museum of Art to make way for Jones Ave., a planned eight-building complex that local firm McCombs Enterprises is framing as a legacy project.

McCombs Enterprises, the San Antonio-based firm founded by the late Red McCombs, acquired the land from CPS Energy in 2023 for $29.5 million. Previously, the utility used the tract as a service center before moving to its current headquarters.

Original plans, acquired through a San Antonio Business Journal open records request, showed apartments, office, and hotel space flanking the River Walk, housed in mid- to high-rise buildings. Although a zoning amendment approved by San Antonio City Council in February still allows taller structures capped out at 15 stories, current renderings show a more architecturally interesting space with eight buildings covering more than a million square feet.

Jones Ave San Antonio A plaza is flanked by shops and cafés.Rendering courtesy of Jones Ave.

McCombs and partner Turnbridge Enterprises have partnered with some architectural all-stars for the project, including Michael Hsu Office of Architecture, Studio8, and Lake Flato. The retail and hospitality section of the development, featured in an animated walkthrough of Jones Ave.'s site, is now envisioned at a more human scale with varied facades and lush landscaping throughout.

Under the current plan, roughly 300,000 square feet is set aside for multifamily housing, along with more than 60,000 square feet for restaurants, a 33,000-square-foot fitness center, 265,000 square feet of office space, and another 60,000 square feet for shops.

“Thoughtfully scaled and richly layered, Jones Ave. is designed to encourage exploration at every turn,” wrote the planners on the website. “A network of pathways, green spaces, and architectural moments created a natural rhythm and flow, where retail, dining, and cultural experiences are integrated with intention to offer both clarity and discovery.”

If completed, the project is expected to cost roughly $295 million, which will include a $35 million sum McCombs Enterprises is seeking in public funding. Although Jones Ave. does not yet have a set target date for its opening, the planners are targeting a 2028 debut.

museum reach retail dining pearl river north development