The Houston rental market continued its steady pace in August, marked by a record number of available listings. The balance between supply and demand is keeping prices stable, which is welcome news for consumers.
According to the Houston Association of Realtors’ August 2025 Rental Market Update, a total of 4,602 single-family homes were leased in August, a 3.1 percent increase compared to the 4,465 leases signed during the same time last year.
Active listings topped 10,000 units in August. This represents the highest inventory on record, giving renters more choices than ever.
Real estate agents added 7,415 new listings to the Multiple Listing Service compared to 6,188 last August. That is a 19.8 percent increase year-over-year. Rental properties are taking slightly longer to lease, averaging 35 days on market, up from 32 days last August.
Lease prices were statistically flat for the second month in a row, with the average rent at $2,412 in August.
“Houston renters are in a strong position right now with more choices and stable lease prices,” said HAR Chair Shae Cottar with LPT Realty. “As mortgage rates continue to ease, we expect to see more renters exploring their dream of homeownership in the coming months.”
Townhome and condominium rentals rebounded in August. Leased listings of these properties were 2.8 percent above last year’s level, with 738 units leased. The average lease price declined 0.9 percent to $1,965.
New listings were down 6.3 percent year-over-year to 1,198 units. Days on Market increased to 48 compared to 39 last August.
