Odessa, TX Rental Market Trends
Last updated: September 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Odessa is $1,329, a 0.55% decrease compared to the previous year, when the average rent was $1,336.
Studio Apartments at $1,193 offer the most budget-friendly option with 549 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 674 square feet for $1,147, balancing privacy and affordability.
Two-bedroom units at $1,491 offer 993 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,187 sq ft) for $1,816, suitable for larger households.
Average rent in Odessa, TX
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,329 | 835 sq. ft. |
| Studio | $1,193 | 549 sq. ft. |
| 1 Bed | $1,147 | 674 sq. ft. |
| 2 Beds | $1,491 | 993 sq. ft. |
| 3 Beds | $1,816 | 1,187 sq. ft. |
Odessa, TX rent trends
Rental prices in Odessa, TX have decreased by 0.55% over the past year. The average rent moved from $1,336 to $1,329.
What's the typical rent budget in Odessa, TX?
The largest share of rentals in Odessa, TX (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Odessa, TX?
18,769 or 40% of the households in Odessa, TX are renter-occupied while 27,891 or 60% are owner-occupied.
How Odessa Compares to Other Cities
| City | Average Rent |
|---|---|
| Odessa | $1,329 |
| Houston | $1,344 |
| San Antonio | $1,263 |
| Dallas | $1,592 |
| Austin | $1,641 |
| Fort Worth | $1,461 |
| Killeen | $1,078 |
| El Paso | $1,143 |
| Irving | $1,495 |
| Temple | $1,159 |
| Plano | $1,687 |
| Big Spring, TX | $1,292 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Odessa apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.