The Houston rental market is heating up with demand continuing to increase for rental homes and inventory reaching new heights in June.
According to the Houston Association of Realtors’ June 2025 Rental Market Update, leased listings of single-family homes rose to 4,590. This is a 5.2 percent increase from the 4,365 leases signed during the same time last year. This growth reflects a sustained demand for rental homes within the Houston area.
The supply of rentals also saw a boost, up 12.7 percent year-over-year. Realtors added 7,117 new listings to the Multiple Listing Service, which is a record high. Homes spent slightly more time on the market, increasing from 32 to 35 days.
The average lease price edged up by 1.0 percent year-over-year to $2,400.
“What we’re seeing in the rental sector really ties into the overall strength of Houston’s housing market,” said HAR Chair Shae Cottar with LPT Realty. “We expect leasing activity to remain strong in the coming months, especially with continued demand from people relocating or exploring flexible housing options.”
Townhome and condominium rental activity continued to wane in June. Leases declined 10.6 percent year-over-year, with 672 units leased versus 752 in June 2024. The average lease price saw a slight increase of 1.0 percent to $2,017.
New listings of these properties fell 6.3 percent to 1,130 units. The average time it took to lease decreased from 44 to 42 days.
