San Antonio ranked as Texas' best metro for new home construction

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