Houston renters found more options on the table in November, as rental inventory reached record levels and lease prices remained stable.
According to the Houston Association of Realtors’ November 2025 Rental Market Update, single-family rental leases were 10.2 percent above where they were last year. A total of 3,459 homes were leased compared to 3,139 in November 2024.
New rental listings climbed 15.2 percent year-over-year with 5,876 listings added to the Multiple Listing Service in November compared to 5,102 the prior year. The steady flow of new listings pushed inventory to new levels.
For the fifth consecutive month, active listings reached a new high. In November, 11,933 single-family rental homes were available, surpassing the previous month’s high and marking the largest number of active listings on record.
Lease prices continued to hold steady. The average lease edged up by 0.4 percent to $2,244. November marked the fifth month in a row of statistically flat pricing and the lowest average lease price recorded since February 2025.
“As the year moves into its final stretch Houston renters are receiving a welcome gift in the form of more options and stable prices,” said HAR Chair Shae Cottar with LPT Realty. “As interest rates continue to ease, we may see more people feel confident about making the transition from renting to buying in the new year.”
Consumer demand for townhomes and condominiums was consistent in November. A total of 479 units were leased, a 1.1 percent increase from 474 leases signed a year ago. The average lease price for these properties was unchanged at $1,947.
On the supply side, new listings rose 10.7 percent to 919 units. Active listings also reached a record high, with 2,369 townhomes and condos available. As inventory expanded, average days on market increased to 52 days, up from 43 days last November.
