Amarillo, TX Rental Market Trends
What is the average rent in Amarillo?
The average rent for an apartment in Amarillo is $788, a 5% increase compared to the previous year.
Average Rent in Amarillo, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $788 | 5% | 827 sq. ft. |
What is the average apartment size in Amarillo?
The average size for a Amarillo, TX apartment is 827 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Amarillo, TX Apartment Rent Ranges
- $501-$70038%
- $701-$1,00050%
- $1,001-$1,50011%
Amarillo, TX Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
26,705 or 34% of the households in Amarillo, TX are renter-occupied while 49,614 or 65% are owner-occupied.
Amarillo, TX Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amarillo, TX | $724 | $730 | $735 | $733 | $736 | $757 | $754 | $762 | $760 | $777 | $788 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Amarillo, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Llano Historic District | $857 |
| Amarillo Airport | $857 |
| Dumas Junction | $794 |
| Downtown Amarillo | $778 |
| Historic Route 66 District | $761 |
| Amarillo SouthWest | $760 |
| Old San Jacinto | $758 |
| Soncy | $701 |
| Wolfin Historic District | $674 |
What are the most affordable neighborhoods in Amarillo?
The most affordable neighborhoods in Amarillo are Wolfin Historic District, where the average rent goes for $674/month, Soncy, where renters pay $701/mo on average, and Old San Jacinto, where the average rent goes for $758/mo. If you’re looking for other great deals, check out the listings from Amarillo SouthWest ($760), Historic Route 66 District ($761), and Downtown Amarillo ($778), where the asking prices are below the average Amarillo rent of $788/mo.
What are the most expensive neighborhoods in Amarillo?
The most expensive neighborhoods in Amarillo are Dumas Junction ($794), Amarillo Airport ($857) and Llano Historic District ($857).
What are the most popular neighborhoods in Amarillo?
The most popular neighborhood in Amarillo is Amarillo SouthWest, where there are 17 verified RENTCafé listings with an average rent of $760. Next up is Soncy, where apartments go for $701/month, followed by Historic Route 66 District with $761 If you’re looking to rent in Amarillo’s most popular neighborhoods, make sure to also check out Downtown Amarillo, where renters pay $778 on average, and Dumas Junction, where the average monthly rent is $794.
Amarillo | Rent Comparison by Neighborhood
Rent in Amarillo Airport is 13% higher than in Amarillo SouthWest
Amarillo Airport rent is 9% higher than Amarillo average
| Average Rent | $857 |
|---|
Amarillo SouthWest rent is 4% lower than Amarillo average
| Average Rent | $760 |
|---|
How Amarillo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,132 | 2% |
| Dallas | $1,276 | 2% |
| Austin | $1,431 | 1% |
| San Antonio | $1,077 | 3% |
| Fort Worth | $1,209 | 6% |
| Amarillo | $788 | 5% |
| Midland | $1,051 | -17% |
| Lubbock | $1,007 | 3% |
| Lawton | $675 | 2% |
| Big Spring | $1,070 | -10% |
| Canyon | $1,050 | -2% |