Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Odessa, TX Rental Market Trends
What is the average rent in Odessa?
The average rent for an apartment in Odessa is $1,052. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Odessa, TX
Last updated July 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,052 | 836 sq. ft. |
What is the average apartment size in Odessa?
The average size for a Odessa, TX apartment is 836 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.
Odessa, TX Apartment Rent Ranges
Odessa, TX Occupied Housing Units
16,380 or 39% of the households in Odessa, TX are renter-occupied while 25,562 or 61% are owner-occupied.
Odessa, TX Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Odessa, TX | $1,380 | $1,400 | $1,339 | $1,268 | $1,066 | $941 | $928 | $930 | $935 | $964 | $1,052 |
| National | $1,375 | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
Average Rent in Odessa, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Pleasant Farms | $741 |
/
How Odessa Compares to Other Cities
Most Popular Apartments in Odessa
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.