Odessa, TX Rental Market Trends
Highlights
The average rent for an apartment in Odessa is $1,284, a 7% decrease compared to the previous year.
Average Rent in Odessa, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,284 | -7% | 831 sq. ft. |
The average size for a Odessa, TX apartment is 831 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
- $501-$7003%
- $701-$1,00026%
- $1,001-$1,50049%
- $1,501-$2,00017%
- > $2,0005%
Odessa, TX Occupied Housing Units
- Renter-occupied Households32%
- Owner-occupied Households67%
13,103 or 32% of the households in Odessa, TX are renter-occupied while 27,216 or 67% are owner-occupied.
Odessa, 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 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Odessa, TX | $830 | $862 | $991 | $1,090 | $1,225 | $1,380 | $1,382 | $1,380 | $1,400 | $1,339 | $1,284 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Odessa, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Pleasant Farms | $863 |
How Odessa Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,118 | 2% |
| Dallas | $1,250 | 4% |
| Austin | $1,439 | 5% |
| San Antonio | $1,049 | 3% |
| Fort Worth | $1,128 | 3% |
| Midland | $1,452 | -10% |
| Odessa | $1,284 | -7% |
| Big Spring | $1,184 | 15% |
For more information about the Odessa 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!