Odessa, Odessa, TX Rental Market Trends

Highlights

The average rent for an apartment in Odessa is $1,368, a 25% increase compared to the previous year, when the average rent was $1,094.

Average Rent in Odessa, Odessa, TX

Last updated May 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,368 25% 812 sq. ft.

The average size for a Odessa, Odessa, TX apartment is 812 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.

Odessa, Odessa, TX Apartment Rent Ranges

  • < $5001%
  • $501-$7003%
  • $701-$1,00018%
  • $1,001-$1,50043%
  • $1,501-$2,00025%
  • > $2,00010%

Odessa, Odessa, TX Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Odessa, Odessa, TX $943 $896 $832 $864 $995 $1,094 $1,204 $1,205 $1,368
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 Odessa, Odessa, TX By Neighborhood

How Does Odessa Compare to Nearby Cities

Average Rent Y-o-Y Change
Odessa $1,368 25%
West Odessa $890 22%

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

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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 Odessa 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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