HOUSTON - Things are getting expensive all around, if you haven't already noticed, and a new study showed apartments in Texas have actually been increasing year by year.
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Research conducted by Rent.com showed monthly average prices for 3-bedroom apartments across Texas have grown, but some major cities are faring better than others.
For example, Dallas is trending 41% higher year over year with a 3-bedroom apartment averaging at $2,343 a month. Austin, is trending 21% higher with 3-bedroom apartments rending for $2,062 per month.
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San Antonio and Houston, meanwhile, are averaging at 7% and 9% higher, respectively.
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Houston area tenants struggle with 14.7% increase in rents, how you can find something more affordable
More and more tenants face skyrocketing rents, forcing some to move, while others struggle to find apartments they can afford.
In fact, the average 1-bedroom apartment in Houston, according to Rent.com, is $1,277 but $1,314 for a studio. You won't find that rate at any of the more affluent neighborhoods in the Greater Houston area, however, as the study shows the cheapest average price for a 1-bedroom is $1,523 in Midtown and a studio is $1,389.
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It's not impossible to find an apartment for less than the average 1-bedroom in Houston, but the rates differ from different parts of the city. Take for instance Westside Houston, which averages at $1,148 per month for a 1-bedroom, whereas it costs $954 per month in Northwest Houston and $970 per month in Southwest Houston.
This browser does not support the Video element.
Houston area tenants struggle with 14.7% increase in rents, how you can find something more affordable
More and more tenants face skyrocketing rents, forcing some to move, while others struggle to find apartments they can afford.
The cheapest average rent for a 1-bedroom is in Sunnyside, which is $766 a month, but at the Energy Corridor is where the report shows $999 as the average for a 1-bedroom.
For the full report and a more in-depth look at other neighborhoods in the Greater Houston area, click here.