Houston market rental trends report

Over the past six months, Houston's apartment rental market has experienced slight fluctuations, with median rents remaining relatively stable. In September 2024, the median rent for a one-bedroom apartment was approximately $1,153, and for a two-bedroom, about $1,367, showing little change from the previous year. ​This stability is largely due to an influx of new apartment constructions outpacing demand. Developers added 22,250 new units in 2023, while only 15,039 were absorbed, leading to increased vacancies and exerting downward pressure on rents. ​The median rent for an apartment in Houston stands at $1,239.

Katy, TX

Over the past six months, Katy's apartment rental market has experienced a stabilization in rent prices. For instance, in January 2025, the average rent was $2,350, and by April 2025, it had slightly decreased to $2,313. ​This stabilization can be attributed to an increase in new apartment constructions, which have kept supply in line with demand. Notably, in the second quarter of 2024, Katy had 6,177 units under construction, indicating a robust development pipeline. The median rent for an apartment in Katy is $1,351 per month.

The Woodlands, TX

​Over the past six months, The Woodlands' apartment rental market has experienced slight fluctuations, with median rents remaining relatively stable. For instance, in September 2024, the median rent was $1,744, reflecting a 0.6% decrease from the previous month and a 0.8% decline year-over-year. ​This stability can be attributed to a balance between new apartment developments and tenant demand, as well as broader economic factors influencing the housing market.​ The median rent in The Woodlands stands at $1,823.

Apartment listings

Below are some recent listing examples.

Hanover Post Oak

• Studio/1 Bath
• 624 sq. ft. 
• Rent: $1,904

Camden Holly Springs 

• 1 Bed/1 Bath
• 660 sq. ft.
• Rent: $1,019

Olympus at Memorial

• 2 Beds/2 Baths
• 1,208 sq. ft. 
• Rent: $2,391

The Lane at Waterway

• 3 Beds/2 Baths
• 1,586 sq. ft.
• Rent: $3,684

(Data sourced from Apartments.com)