July brought a sizzle to Houston’s rental market as new listings surged, giving renters more choices than ever.
According to the Houston Association of Realtors’ July 2025 Rental Market Update, leased listings of single-family homes rose 6.5 percent with 4,645 listings signed versus 4,361 during the same time in 2024. Year-over-year comparisons may be atypical since Hurricane Beryl disrupted real estate activity last July.
Realtors® added 7,869 new listings to the Multiple Listing Service compared to 5,764 last July. That is a 36.5 percent jump year-over-year. Days on Market increased to 34 days from 31 last year.
Lease prices held steady, with the average rent at $2,424, which is statistically unchanged from the record high of $2,430 reached last July.
“Increased supply is giving renters more options and helping to balance pricing,” said HAR Chair Shae Cottar with LPT Realty. “As mortgage rates continue to ease, some renters who’ve been sitting on the sidelines may finally feel ready to take steps toward homeownership.”
Townhome and condo rentals continued to face a bit of a summer slowdown. Leased listings were 2.0 percent below last year’s level, with 731 units leased. The average lease price declined 3.4 percent to $1,977.
New listings increased 16.0 percent year-over-year to 1,223 units. The average time it took to lease one of these properties increased to 45 days compared to 40 last year.
