The Greater Houston rental market saw a springtime surge in activity, with more properties available and more single-family rental leases signed.
According to the Houston Association of Realtors’ April 2025 Rental Market Update, leased listings rose 5.1 percent above last year’s volume. A total of 3,957 single-family rentals were leased in April, up from 3,765 during the same period in 2024. The average lease price edged up by 1.8 percent year-over-year to $2,330.
The number of new listings entering the market grew 11.8 percent year-over-year. A total of 6,038 single-family rental properties were added to the Multiple Listing Service compared to 5,401 units last April. The expansion of inventory provided renters with more choices.
While the market saw increased activity and inventory, the average Days on Market, or the actual number of days it took to lease a home, moved from 36 days in April 2024 to 41 days.
“The rise in both leased and new listings shows continued demand for rental housing,” said HAR Chair Shae Cottar with LPT Realty. “The upswing in leasing activity is influenced, in part, by would-be buyers navigating the current economic climate with a more cautious approach and choosing to rent.”
Leasing activity in the townhome and condominium market declined for the sixth month in a row. In April, leased listings declined 3.2 percent year-over-year, with 610 units versus 630 last year. The average lease price was $1,984, which is 2.3 percent above where it was in April 2024.
The number of new listings for townhomes and condos were down 4.0 percent to 1,033 units compared to 1,076 last year. The average time it took to lease one of these properties increased from 43 days last year to 51 days.
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