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    Money-saving move

    Houston ranks among the worst U.S. cities for single renters

    John Egan
    Jan 17, 2022 | 1:00 pm
    House keys and moving boxes
    A studio apartment is a good option for those who don't need a ton of space — but it's not cheap in Houston.
    Photo by Westend 61/Getty

    Houstonians frowning at their rent bill each month have good reason to grumble.

    Surprisingly, Houston appears at No. 9 in a new ranking of the cities with the least affordable studio apartments. Here, median monthly rent is $1,449, gobbling up a little over 28 percent of the average income for a single person ($62,003). That works out to 4.55 percent year-over-year, per the report.

    Apartment List says studio apartments tend to be cheaper than one-bedroom apartments by about 5 percent.

    “Studio apartments are usually ideal for a single renter in urban areas with high rental price tags. Opting for a cozy studio vs. one-bedroom apartment could save you tons of money,” Apartment List says. “Of course, with those savings come sacrifices of space and privacy.”

    Wichita, Kansas, tops the RentHop list of affordable digs for a single person, with median monthly rent of just $500 for a studio apartment. There, a single person with an average income would need to spend just 13.6 percent of their income to live alone.


    Elsewhere in Texas, Dallas-Fort Worth appears at No. 15 on the list of the least affordable rent for singles. In Fort Worth, the median monthly rent for a studio apartment is $1,264, with singles typically spending 27 percent of their average income ($56,140) to live alone, according to RentHop.

    Dallas is not far behind, landing at No. 17 for the least affordable studios. In Big D, median monthly rent for a studio apartment is $1,427, consuming nearly 26.5 percent of the average income of $64,734 for a single person, the report says.

    Meanwhile, San Antonio grabs the No. 13 spot among cities with the least affordable rent for singles. In Alamo City, median monthly rent is $1,088, accounting for slightly more than 27.1 percent of the average income for a single person ($48,136).

    San Antonio notches a dubious second-place finish among the cities witnessing the biggest year-over-year spike in median monthly rent for a studio apartment in 2021. The increase in San Antonio was nearly 21 percent, just behind Boston.

    Austin lands at No. 28 among the cities based on the least affordability. In Austin, a studio apartment commands median rent of $1,452 a month, representing 23.3 percent of the average income of $74,655 for a single person.

    For its Singles Index, RentHop combed through about 1.2 million studio listings on RentHop in 2020 and 2021, and paired that with income data from the U.S. Census Bureau.

    The RentHop Singles Index deviates considerably from a ranking published in January 2021 by Apartment Guide of the U.S. cities with the most affordable studio apartments.

    To come up with its ranking, Apartment Guide looked at the average price of a studio apartment in cities with a population of more than 100,000 (a broader group than the RentHop report). Then, Apartment Guide ranked the cities with the highest percentage of studios that are cheaper than the city’s average.

    On Apartment Guide’s list, Portland, Oregon, landed at No. 1 for the most affordable studio apartments. The highest-ranking Texas city was Carrollton (No. 5).

    listsrentrankings
    news/real-estate

    millennial magnet

    Houston stars among 30 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 1:30 pm
    Houston neighborhood
    Photo by Jose Losada on Unsplash
    Houston is a millennial magnet.

    Houston and its surrounding cities have already proved to be magnets for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has nearly doubled since 2018.

    The number of millennials who own their homes in Houston has grown from 227,365 to 418,698 households over the last five years (84.2 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Houston ranked No. 29 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 49 percent of all Houston-area millennials own their homes, with the remaining 51 percent renting, the report found.

    Houston also ranked 22nd in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 397,410 to 439,371 in five years, a 10.6 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. Less than 15 percent of all Gen Z households in Houston own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialshouston
    news/real-estate
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