Amarillo, TX Rental Market Trends
Highlights
The average rent for an apartment in Amarillo is $758, a 3% increase compared to the previous year.
Average Rent in Amarillo, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $758 | 3% | 827 sq. ft. |
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
- < $5001%
- $501-$70041%
- $701-$1,00049%
- $1,001-$1,5009%
Amarillo, TX Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
25,156 or 33% of the households in Amarillo, TX are renter-occupied while 49,892 or 66% are owner-occupied.
Amarillo, TX Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amarillo, TX | $730 | $726 | $729 | $728 | $724 | $730 | $735 | $733 | $736 | $757 | $758 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Amarillo, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wolfin Historic District | $673 |
| Soncy | $696 |
| Old San Jacinto | $737 |
| Downtown Amarillo | $738 |
| Historic Route 66 District | $743 |
| Amarillo SouthWest | $749 |
| Dumas Junction | $770 |
| Amarillo Airport | $836 |
| Llano Historic District | $837 |
The most affordable neighborhoods in Amarillo are Wolfin Historic District, where the average rent goes for $673/month, Soncy, where renters pay $696/mo on average, and Old San Jacinto, where the average rent goes for $737/mo. If you’re looking for other great deals, check out the listings from Downtown Amarillo ($738), Historic Route 66 District ($743), and Amarillo SouthWest ($749), where the asking prices are below the average Amarillo rent of $758/mo.
The most expensive neighborhoods in Amarillo are Dumas Junction ($770), Amarillo Airport ($836) and Llano Historic District ($837).
The most popular neighborhood in Amarillo is Soncy, where there are 4 verified RENTCafé listings with an average rent of $696. Next up is Amarillo SouthWest, where apartments go for $749/month, followed by Downtown Amarillo with $738 If you’re looking to rent in Amarillo’s most popular neighborhoods, make sure to also check out Old San Jacinto, where renters pay $737 on average, and Amarillo Airport, where the average monthly rent is $836.
Amarillo | Rent Comparison by Neighborhood
Rent in Amarillo Airport is 12% higher than in Amarillo SouthWest
Amarillo Airport rent is 10% higher than Amarillo average
| Average Rent | $836 |
|---|
Amarillo SouthWest rent is 1% lower than Amarillo average
| Average Rent | $749 |
|---|
How Amarillo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,109 | 1% |
| Dallas | $1,244 | 4% |
| San Antonio | $1,039 | 2% |
| Austin | $1,436 | 5% |
| Fort Worth | $1,128 | 3% |
| Amarillo | $758 | 3% |
For more information about the Amarillo rental trends, check out our monthly rent report
Check out Texas Cities, Texas Neighborhoods and Texas Zip Codes for more details on verified listings, including the Texas Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!