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Apartments for Rent in Houston, TX under $700 – 140 Rentals available

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Houston’s average rent reached $1,110 in January

Houston’s average rent reached $1,110 in January after a 0.4% decrease since last year. One of Texas’s largest job hubs and a renter-majority city (54%), Houston is a desirable place to live and work in, with apartment prices below the national average of $1,392. [View Full Report]

Houston apartment rent report

Houston’s average rent was $1,110 in January

Houston’s average rent reached $1,110 in January after a 0.4% decrease since last year. One of Texas’s largest job hubs and a renter-majority city (54%), Houston is a desirable place to live and work in, with apartment prices below the national average of $1,392.

The average rent for an apartment in Houston decreased compared to Pearland ($1,359), where prices went up by 1.1% since last year, and The Woodlands where they went up by 2% ($1,493).

Houston apartment rent report

What it costs to rent in the largest renter hubs in the Houston area

The city with the largest renter share is Webster (88%), followed by Galveston, with 55% renters. In Webster, apartment rents increased by 1% since last year, reaching $1,034, while in Galveston rents increased by 0.6% ($1,099). Houston has the third largest share of renters (54%), same as Humble. In Humble, where 54% of the population are renters, the average rent is $1,101, going up by 1% in the past year. Apartments in Rosenberg, where 50% of residents are renters, cost $1,130 per month, an increase of 5.8% in one year.

The priciest and cheapest cities for renters in the Houston area

The Woodlands is the priciest city for renters in the Houston area, with apartments renting for $1,493 per month. The average rent for apartments in Pearland is $1,359, the second most expensive, while Missouri City ($1,330) comes in third.

For renters in search of budget-friendly apartments, Clute's $860 average rent is the cheapest in the Houston area followed by Pasadena's $916 rate. Alvin rentals are the third least pricey on the list, with a $926 average apartment rate.

Houston apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Houston, TX Demographics

  • Total Population2,295,982
  • Female 1,147,588
    Male 1,148,394
  • Median Age32.9

Average Rent in Houston, TX

  • Houston, TX Average Rental Price, December 2020 $1,102 /mo

Houston, TX Apartment Rent Ranges

  • $501-$70010%
  • $701-$1,00041%
  • $1,001-$1,50035%
  • $1,501-$2,0009%
  • > $2,0004%

Houston, TX Rent Trends

Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
Houston, TX $1,050 $1,074 $1,086 $1,097 $1,094 $1,097 $1,103 $1,114 $1,120 $1,111 $1,102
National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Check out the average rent prices in Houston by neighborhood.

Houston, TX Households

  • Total Number of Households848,340
  • Family 517,363
    Non-family 330,977
  • Children 280,482
    No Children 567,858
  • Average People Per Household2.67
  • Median Household Income$51,140
  • Median Housing Costs Per Month$1,017

Houston, TX Education Statistics

  • No High School12%
  • Some High School34%
  • Some College20%
  • Associate Degree5%
  • Bachelor Degree18%
  • Graduate Degree11%

Apartments in Houston, TX under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 140 apartments for rent in Houston, TX on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Houston, TX is 854 Sq.Ft., but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!