Houston is the largest city in the United States and the state of Texas. The city ranks fourth in terms of population in the United States. The population of Houston is about 2.3 million people. The largest enterprises in the field of transport, healthcare and aeronautics are located in the city. Today it is a leading center of the energy industry. Despite the fact that Houston is one of the five largest cities in the US in terms of population, apartment rental prices remain affordable. In this article, we look at the average rental prices for one and two-bedroom apartments in Houston as of October 2022. The average rental price for a one-bedroom apartment is $1,330 per month. Rental prices for one-bedroom apartments are up 14.70% year on year. The average cost of renting a two-bedroom apartment in Houston is $1,610 per month (+8.80% year-on-year).
The cheapest neighborhoods in Houston include OST – South Union ($800/month for one-bedroom apartments), Greater Third Ward ($825/month) and Walden ($925/month).
The most expensive neighborhoods in Houston include Downtown Houston ($1,810/month), Midtown ($1,710/month) and Neartown – Montrose ($1,640/month).