Texas Apartment Markets Ranked by Rent Per Square Foot

Of the 11 largest apartment markets in the Lone Star State, the state capitol claims the priciest rents per square foot. In Austin, average effective asking rent per square foot hit $1.90 in April 2022, according to data from RealPage Market Analytics. That rate outpaces the prices in other major Texas markets such as Dallas ($1.70), Fort Worth ($1.57), San Antonio ($1.44) and Houston ($1.43). Austin’s average is right in line with the U.S. norm of $1.89, meaning that, comparatively, Texas markets remain an affordable alternative to the national norm. College markets College Station and Lubbock have more modest prices per square foot of $1.17 and $1.06, respectively.