Houston Matters

What’s In Store For Houston’s Apartment Market In 2018?

We learn what Houston renters can expect if they’re looking for a new place or to renew their lease in the coming year — and how that compares to 2016 and 2017.

On average, apartment rents in Greater Houston went up slightly over the course of 2017, from $967 per month to $1,009. That’s according to ApartmentData.com. But experts say that increase is starting to flatten out again.

So, what can renters expect if they’re looking for a new place – or to renew their lease – in the coming year? And how does that compare to what we saw in 2016 and 2017? And how has Hurricane Harvey affected the supply and demand – and therefore the cost – of renting an apartment these days?

Houston Matters finds out more from Bruce McClenny, president of ApartmentData.com, and Michelle Pawelek, president of the Houston Apartment Association.

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