Apartment rent prices in June were more expensive in Sugar Land than they were anywhere else in Houston, according to the latest monthly rental report from Zumper.
The rent report, which analyzed active listings from the previous month across all cities in the Houston metro, tracks the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.
Despite having the most expensive rent in the Houston area last month, the asking rent for one--bedroom apartments in Sugar Land was technically lower than it was a year ago. Sugar Land's asking rent for one-bedrooms dropped 0.7 percent year-over-year to $1,450, while asking prices for two-bedroom units grew 3.3 percent to $1,870.
Galveston saw the highest jump in one-bedroom prices year-over-year this past June, with asking rent for single-bedroom units rising 2.7 percent to $1,140. Two-bedroom apartments in Galveston dropped 2 percent year-over-year to $1,450.
One-bedroom rent in Pearland decreased 1.5 percent to $1,340 in June, which Zumper found was the second-highest rent price in Houston. Year-over-year prices for two-bedroom units rose nearly 3 percent to $1,770.
Houston proper had the third most expensive rent in the metro area last month, with prices for one-bedroom units remaining flat year-over-year at $1,280, while two-bedroom units decreased 7.4 percent to $1,500.
Houston-area cities with affordable rent compared to the statewide median
Zumper's report revealed that the median asking rent for a one-bedroom apartment in Texas came out to $1,134 last month, but there was no figure given for two-bedroom units.
Out of the 13 Houston-area cities included in the report, six had affordable asking rent prices lower than the statewide median: Huntsville ($850), Pasadena ($900), Texas City ($910), Lake Jackson ($920), Baytown ($940), and La Porte ($1,100).
Huntsville rent prices were the cheapest in the metro last month, but rent in Baytown decreased the most dramatically since last year with prices plunging 14.5 percent. Huntsville's current asking price is 5.6 percent lower than it was this time last year, which was the second-lowest drop.
These are the June rent prices for one-bedroom apartments in the three remaining Houston-area cities:
- League City – $1,200
- Spring – $1,180
- Conroe – $1,150
