Rental Rumblings
These Houston ZIP codes are among the most expensive places to rent in Texas
Move over, 90210. The most expensive ZIP codes in the Lone Star State will give you a run for your money. According to a new report from rental website RentCafe, based on data from Yardi Matrix, you have to shell out $1,889 a month to rent an apartment in Montrose, the priciest area in Houston for renters. The in-town 77006 is the sixth most expensive ZIP to rent in the Lone Star State.
While no Houston ZIP code is among the top 5 in the survey — they're dominated by Austin and Dallas locales — nearly half of the top 20 most expensive ZIP codes in the state for renters are in the Bayou City.
ZIP code 77005, which stretches from West University to the Museum District, comes in at No. 8 in the state, with $1,859 monthly rent, while 77002, which encompasses downtown Houston, is No. 9, at $1,800 a month for rent.
Other Houston locations in the statewide top 20 include 77004, which encompasses parts of Midtown, the Third Ward near the University of Houston, and the Museum District, at No. 10 ($1,794 monthly rent); 77019, which stretches from River Oaks to downtown Houston, at No. 11 ($1,772 monthly rent), and 77027, which includes River Oaks, Afton Oaks, and the Greenway Plaza area, at No. 14 ($1,684 monthly rent).
Houston locations rounding out the top 20 are 77007, the Washington Avenue corridor stretching from downtown to Memorial Park, at No. 17 ($1,649 monthly rent), 77098, bounded by Westheimer, Dunlavy, Bissonnet, and Buffalo Speedway at No. 18, ($1,643 monthly rent) and 77056, encompassing The Galleria/Uptown Park area from Westpark to Woodway, at No 19 ($1,601 monthly rent).
So what are the top 5 most expensive ZIP codes in Texas?
No. 1: 78701, Austin
Everything is going up in downtown Austin — the prices and condos are literally reaching for the stars. Want to live above the fray? $2,475 a month will get you an apartment and a front row seat to SXSW.
No. 2: 78703, Austin
Austin's upscale 78703 encompasses Tarrytown, Old West Austin, and a sliver of downtown. It comes in at No. 2 with an average apartment rent of $2,393.
No. 3: 75225, Dallas
Dallas’ red-hot rental market is no joke either. Rents in University Park have reached $2,188, making it the third most expensive in Texas — and the priciest in Big D.
No. 4: 78705, Austin
Proximity to the University of Texas is great, but it’ll cost you. The average apartment rent these days in West Campus? $2,102 a month. Fret not, students, you can shack up with friends.
No. 5: 75201, Dallas
Downtown Dallas is starting to make a comeback, and the prices prove it. Rent in the area comes in just below the $2,000 mark at $1,907 a month.
Good news is on the horizon, though. Rent growth across the nation is slowing down, says RentCafe, and average rents are slipping, even in the most notoriously pricey markets.
