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 $951, a 17% decrease compared to the previous year.
Average Rent in Odessa, TX
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $951 | -17% | 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
- < $5001%
- $501-$70021%
- $701-$1,00042%
- $1,001-$1,50032%
- $1,501-$2,0004%
Odessa, TX Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
13,673 or 33% of the households in Odessa, TX are renter-occupied while 27,154 or 66% are owner-occupied.
Odessa, TX Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Odessa, TX | $1,225 | $1,380 | $1,382 | $1,380 | $1,400 | $1,339 | $1,268 | $1,066 | $941 | $928 | $951 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
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Average Rent in Odessa, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Pleasant Farms | $681 |
/
How Odessa Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,132 | 2% |
| Dallas | $1,276 | 2% |
| Austin | $1,431 | 1% |
| San Antonio | $1,077 | 3% |
| Fort Worth | $1,209 | 6% |
| Midland | $1,051 | -17% |
| El Paso | $836 | 5% |
| Lubbock | $1,007 | 3% |
| Odessa | $951 | -17% |
| Big Spring | $1,070 | -10% |
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.