The price of renting an apartment in the Houston area continues to rise. Apartmentlist.com says its July survey put Houston at number ten on the list of highest rents in Texas.
The monthly median price for a two-bedroom apartment here is $1,330. That’s about $200 higher than the statewide median.
The most expensive city in the Houston area is Pearland, with a median of $1,440 a month for a two-bedroom place. That’s a seven percent jump over the last 12 months.
Several other Houston suburbs are apparently racing to catch-up.
Alvin, Magnolia, Stafford, and League City all had apartment price bumps from seven to ten percent between last July and last month.
And, in Baytown, rents grew by 11 percent, the highest rate in Texas.
However, Baytown’s median two-bedroom rent of $850 is still about $200 less than the state or national number.
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