Apartments In Houston Tx Craigslist (2024)

FAQs

Why is Houston rent cheap? ›

Houston's affordability in the housing market is a result of various factors, including its lack of zoning regulations, abundant land availability, no state income tax, a strong job market, low cost of living, investor-friendly atmosphere, hurricane risk, and diverse housing options.

When you rent an apartment in Houston, you can expect to pay about $1,077 per month for a studio, $1,168 for a one-bedroom apartment, and around $1,470 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,821 or more.

The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains.

One of the biggest pros of living in Houston is that it has a relatively low cost of living, especially when you consider that it's the 4th largest city in the U.S. It has a 96.9 cost of living index score, compared to the national average of 100.

In Dallas, the cost of living is approximately 5% higher than the cost of living in Houston. This disparity is mostly due to the varying housing costs. Dallas's dynamic real estate market, spurred by significant economic growth and demand, often results in higher housing prices and greater resale values.

The necessary salary to live a financially stable life in Houston is nearly $12,000 more than in SmartAsset's 2023 report, which said Houston residents needed to make $62,260 a year to live comfortably in 2023.

The minimum wage in Texas is currently $7.25. This is the exact same amount per hour as the federal minimum wage.

Florida has an income to rent ratio of 3.94, based on a median household income of $55,564 and an annual spend of $14,100. Therefore, it is also considered affordable to rent properties in Florida – though not as affordable as it is in Texas. Based on the indictors above, Texas has lower housing costs than Florida.

When Is the Worst Time to Rent an Apartment? The worst time to rent an apartment is generally during the summer months—June, July and August—when demand for units is at its highest.

If you want the best deal, apply for your apartment on Monday or Friday. If you apply on Tuesday or Sunday, you might pay more. Also, the best time to look is around 9 or 10 in the morning — that's when property managers are most likely to post new listings.

Which state has the lowest monthly rent? ›

Least Expensive States

North Dakota has the nation's lowest average rent, at just $821 a month, a 3% increase from the previous year. Asking rents for a typical unit run $831 a month.

1. Kingwood Area. One of the safest neighborhoods in Houston is also ranked #1 by Niche as the best place to raise a family in Houston. With top schools like Kingwood High School and Snyder Elementary School, you'll never have to worry about giving your kids an excellent education.

A: It is totally worth it to move to Houston! Houston offers affordable housing, low cost of living, no state income tax, diverse culture, amazing food — the list of good things about Houston goes on. As long as you don't mind some hot weather and honky-tonk, Houston is a great place to live.

A business-friendly climate with relaxed construction regulations and lower labor costs, in addition to a favorable tax structure with no state income tax and lower property taxes, contributes to making Texas housing more affordable.

From groceries to utilities, everyday expenses in Texas are generally lower than in other states. The combination of affordable housing, no state income tax, and a competitive market for goods and services keeps the cost of living manageable.

More than half of the city's renters spend at least 30 percent of their income on rent and utilities. Nearly a quarter of Houston renters are spending more than half of their income on rent and utilities. Housing costs keep going up in Houston, and now renters are feeling the pinch.

Houston has a lower cost of living than Austin, but with different vibes – Houston is bustling and diverse while Austin offers an outdoor-focused atmosphere.