Houston Renters Are Feelin' the Squeeze

Categories: Spaced City

rent.jpg
The rent really IS too damn high!
The figures vary, but the bottom line remains the same: Most renters in Houston have seen their rents jump from last year. Where's that Rent Is Too Damn High Party guy when we need him?

Rents increased 16.8 percent over last year, according to Fortune's list of the ten cities with highest increases, where the Bayou City takes top prize. The list claims that Houston has a median monthly rent of $1,270.50, with a 3 percent vacancy rate. (Oakland, the second city on the list, saw an 11.6 percent increase in rent.)

According to a September Chronicle article that cites research firm Apartment Data Services, rents jumped 5.3 percent over the year. The firm calculated the average rent to be $875 a month. (Rents for upscale properties jumped 9.4 percent, according the story.)

In 2013, 11,000 new apartments will open in Houston, according to the story; the national average is 12,000.

This is one of the few times Hair Balls is grateful to live in a remote, boarded-up crack house with tinfoil over the windows, although even that has seen an increase -- now we and our 17 roommates have to pay an extra quarter apiece!


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15 comments
Stephanie Davis
Stephanie Davis

Yup, Galleria rent jumped too, but sounds like only $100 per complex from those that I've talked to, mine included. That jumped pushed one friend out and will have me following next year if the trend continues.

Marlene Rodriguez
Marlene Rodriguez

yes! ridiculous price for this place! just changed management too but that won't help. right? urgh. it's all overpriced

Jimi Austin
Jimi Austin

Montrose has already lost its culture. All I see are yuppie douchebag types there now. Miss the days when the freaks ruled there.

Matt Burns
Matt Burns

Not good for us college students! Montrose will probably lose their culture within 7 years due to the rent hikes.

Ylime Gaviria
Ylime Gaviria

I rent a bedroom in a house. Wish I could afford my own apartment. Actually, I wish the apartments were worth what's being charged. :\

Evan Clayson
Evan Clayson

Our rent shot up $400 a month this past summer. Insane!

Jessica Acosta
Jessica Acosta

UGH YES what are they tryin to do.. hurts as a single mom i'm sure it hurts for everyone...

Marty Lehde
Marty Lehde

Yes, Jimi is correct. Even some apt managers are starting to recognize this. If enough people are displaced, and pushed to the outskirts, can Houston's inner neighborhoods survive without these peoples skills? Keep in mind Houston's Metro is nothing like other city's. Many businesses may not survive without this, mid income, group of workers. Those places people love to shop at... would disappear.

Summer Joy Davis
Summer Joy Davis

Yep, I'm having to move out to Richmond just to have a nice apartment that I can afford since everything in Houston that's nice is way out of my price range.

Jimi Austin
Jimi Austin

Seems like most complexes now are either overpriced "luxury" apartments or Section 8. Not too many that are in the middle. That said, glad I bought a house when I did. Only wish I had done it even sooner.

Brittany K. Gill
Brittany K. Gill

Yup. Went from 14-something to almost 16-something. Scared to see what renewal will bring.

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