Suburbs Push Up Houston’s Apartment Rent Growth
Apartment rents in Houston jumped over the past two months, driven by notable growth in some suburban submarkets.
Effective asking rent increases of 1.3% in April and 1.5% in May are the best monthly results posted in Houston in a very long time. And while annual rent growth of 2.5% is below the national average, that’s notably beyond the performance this market has seen in the past few years, even before the COVID-19 pandemic pulled rent change into negative territory in 2020.
