As housing inventory continues to expand in Houston’s resale market, there are also more single-family rental homes available. The supply continued to keep pace with the steady demand in the rental market in March.

According to the Houston Association of Realtors’ March 2025 Rental Market Update, leased listings were 2.5 percent above where they were during the same time last year. A total of 4,088 single-family home rentals were leased compared to 3,988 last March. The average lease price was statistically unchanged at $2,284.

New listings climbed 12.2 percent, with a total of 5,721 single-family rental properties added to the Multiple Listing Service in March versus 5,098 in 2024. Days on Market, or the actual number of days it took to lease a home, increased from 39 to 43 days.

“The Houston rental market is in a good balance as the number of homes available for rent is keeping pace with the number of people looking,” said HAR Chair Shae Cottar with LPT Realty. “As interest rates have stabilized, we have noticed more people who were renting are now starting to think about buying a home. We will be watching the current economic landscape to see if that impacts potential homebuyers’ decision-making down the road.”

Leasing activity in the townhome and condominium market continued to trail 2024 levels for the fifth month in a row. In March, leased listings declined 3.4 percent year-over-year, with 604 units versus 625 the prior year. The average lease price was statistically flat at $1,926.

The number of new listings for townhomes and condos slid 3.4 percent to 978 units compared to 1,012 last year. The average time it took to lease one of these properties increased from 45 days last year to 53 days in March.

Nicholas Joel Realty Group
Proudly partnering with Jane Byrd Properties International, LLC, we’re your trusted Houston Heights real estate experts. Joel Eronko, Realtor®

***Article Credit: Houston Association of Realtors