Amarillo, TX Rental Market Trends

Highlights

The average rent for an apartment in Amarillo is $697, a 0% decrease compared to the previous year, when the average rent was $694.

Average Rent in Amarillo, TX

Last updated Feb 2019
Average Rent Y-o-Y Change Average Apartment Size
$697 n/a 836 sq. ft.

The average size for a Amarillo, TX apartment is 836 square feet, but this number varies greatly depending on apartment type. 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

  • < $5009%
  • $501-$70049%
  • $701-$1,00038%
  • $1,001-$1,5004%

Amarillo, TX Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Amarillo, TX $684 $687 $693 $690 $691 $694 $691 $691 $697
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Amarillo, TX By Neighborhood

The most affordable neighborhoods in Amarillo are Downtown Amarillo, where the average rent goes for $635/month, Wolfin Historic District, where renters pay $664/mo on average, and Soncy, where the average rent goes for $683/mo. If you’re looking for other great deals, check out the listings from Old San Jacinto ($706), Historic Route 66 District ($727), and Dumas Junction ($734), where the asking prices are below the average Amarillo rent of $697/mo.

The most expensive neighborhoods in Amarillo are Amarillo SouthWest ($739), Llano Historic District ($831) and Amarillo Airport ($835).

Amarillo | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Amarillo Airport is 13% higher than in Amarillo SouthWest

$835

Amarillo Airport rent is 20% higher than Amarillo average

Average Rent $835
$739

Amarillo SouthWest rent is 6% higher than Amarillo average

Average Rent $739

How Does Amarillo Compare to Nearby Cities

Average Rent Y-o-Y Change
Amarillo $697 n/a
Bishop Hills $792 1%

For more information about the Amarillo rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Amarillo apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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