ReNew Midland
516 N Loop 250 W,
Midland, TX 79703
1-2 Beds | $935 - $3,010
Rental Market Trends in Midland, TX
What is the average rent in Midland, TX?
$1,270/month
Average Rent
698 Sq Ft
Average Apartment Size
+3.9%
Increase in the Last Year
As of December 2024, the average rent in Midland, TX is $1,270 per month. This is 19% lower than the national average rent of $1,560/month, making renting in Midland more affordable than most cities in the US. When you rent an apartment in Midland, you can expect to pay about $1,038 per month for a studio, $1,270 for a one-bedroom apartment, and around $1,561 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,219 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Midland, TX?
In the past year, rent has increased by 3.9%, which averages out to $51 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Midland, TX
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
11%
$700 - $1,000/month
53%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Midland?
Based on current rent prices, Fairmont Park, Midland & Odessa and Downtown Midland are the most affordable neighborhoods in Midland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Midland?
Based on current rent prices, Downtown Midland, Midland & Odessa and Fairmont Park are the most expensive neighborhoods in Midland.
Neighborhood
Average Rent
Average Sq Ft
Which Midland neighborhoods have the most rentals available?
The neighborhoods in Midland with the most apartments available are Midland & Odessa, Fairmont Park and Downtown Midland .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Midland, TX?
Because the average rent in Midland is $1,270, you’ll want to make about $4,233 per month or $50,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Midland, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Midland, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$841/month
One Bedroom
$1,052/month
$1,687/month
Two Bedroom
$1,237/month
$2,304/month
Three Bedroom
$2,040/month
-
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.