Houston market rental trends report

Houston’s rental market has seen steady price growth of about 4-6% over the past 3-6 months, primarily due to increasing demand from workers in the energy and medical sectors, as well as the city's reputation as an affordable alternative to other large metro areas. As of Q2 2025, the current median rent for Houston is $1,750 per month.

Katy, TX

Over the past six months, Katy's apartment rental market has experienced a stabilization in rent prices. For instance, in January 2025, the average rent was $2,350, and by April 2025, it had slightly decreased to $2,313. ​This stabilization can be attributed to an increase in new apartment constructions, which have kept supply in line with demand. Notably, in the second quarter of 2024, Katy had 6,177 units under construction, indicating a robust development pipeline. The median rent for an apartment in Katy is $1,351 per month.

The Woodlands, TX

​Over the past six months, The Woodlands' apartment rental market has experienced slight fluctuations, with median rents remaining relatively stable. For instance, in September 2024, the median rent was $1,744, reflecting a 0.6% decrease from the previous month and a 0.8% decline year-over-year. ​This stability can be attributed to a balance between new apartment developments and tenant demand, as well as broader economic factors influencing the housing market.​ The median rent in The Woodlands stands at $1,823.

Apartment listings

Below are some recent listing examples.

Hanover Post Oak

• Studio/1 Bath
• 624 sq. ft. 
• Rent: $1,951

Camden Holly Springs 

• 1 Bed/1 Bath
• 660 sq. ft.
• Rent: $1,019

Olympus at Memorial

• 2 Beds/2 Baths
• 1,208 sq. ft. 
• Rent: $2,324

The Lane at Waterway

• 3 Beds/2 Baths
• 1,586 sq. ft.
• Rent: $3,868

(Data sourced from Apartments.com)