Houston apartment rents have climbed to record highs even with falling oil prices, these prices continue to soar!
The Bayou City has 5 neighborhoods with median rents soaring above $2000 per month according to a recent news article from the Houston Business Journal.
Houstonians pay the most in "downtown" Houston, where the median rent for a two-bedroom apartment is $2,530 per month, this is simply an average — more than twice the city average of $1,210 per month.
Even in the suburbs, renters pay a premium to live in an apartment.
The four Houston suburbs where rents are at an all time high are — Pearland, The Woodlands, Pasadena and Tomball — each have higher median rents than similar apartments in Houston proper. Median rents for a two-bedroom apartment in these southeast and north Houston suburbs range between $1,250 and $1,400 per month at an average.
One of the most affordable Houston suburb to rent an apartment is Spring, where the median rent for a two-bedroom apartment can be $780 per month.
Here are the most expensive Houston neighborhoods and suburbs to rent an apartment according to the article:
Most Expensive Houston Neighborhoods to Rent an Apartment
(There are now some great incentives to lease in the higher rent areas of up to 2 months free - contact AptExpert.com for details on luxury listings for the Inner Loop, Galleria, Energy Corridor, Memorial, Woodlands and Tomball) They will likely not last very long!
Downtown Houston $2,530 Average
Memorial $2,270 Average but can be much higher
Neartown - Montrose $2,020 Average
Greenway - Upper Kirby $1,770 Average but can be much higher
Greater Uptown $1,680 Average but can also be much higher
The Woodlands $1,270
Braeswood Place $1,260
Woodlake - Briar Meadow $1,180
Katy $1,150 Average but are likely much higher
Meyerland Area $1,010
Spring Shadows $970
Southbelt - Ellington $930
Clear Lake $920 Average Rents spiked in June to much higher
Greater Greenspoint $700
These figures are averages but change particularly now with some recent flooding that increased occupancy late May.
This is yet another reason you need a local apt expert to help you with finding your next apartment home! Contact Kathy Curtis, Texas Apartment Locators Houston for your free customized apartment search list if you are planning a move to the Houston or Clear Lake area today. Visit http://www.AptExpert.com