Lancaster, TX Rental Market Trends
What is the average rent in Lancaster?
The average rent for an apartment in Lancaster is $1,012, a 6% increase compared to the previous year, when the average rent was $957. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Dallas, TX.
Average Rent in Lancaster, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,012 | 6% | 918 sq. ft. |
What is the average apartment size in Lancaster?
The average size for a Lancaster, TX apartment is 918 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.
Lancaster, TX Apartment Rent Ranges
- $701-$1,00060%
- $1,001-$1,50040%
Lancaster, TX Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
3,488 or 26% of the households in Lancaster, TX are renter-occupied while 9,820 or 73% are owner-occupied.
Lancaster, TX Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lancaster, TX | $836 | $836 | $849 | $874 | $886 | $932 | $957 | $953 | $974 | $1,012 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
How Lancaster Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,116 | n/a |
| Dallas | $1,263 | 1% |
| Austin | $1,411 | -1% |
| San Antonio | $1,058 | n/a |
| Fort Worth | $1,188 | 5% |
| Irving | $1,209 | 1% |
| Plano | $1,392 | 2% |
| Arlington | $1,087 | 4% |
| Denton | $1,249 | 2% |
| McKinney | $1,326 | 2% |
| Lancaster | $1,012 | 6% |