Houston’s rental market gave renters a little more to love in February as leasing activity increased and more homes were available.
According to the Houston Association of Realtors’ February 2026 Rental Market Update, 3,910 single-family homes were leased, a 6.8% increase compared to 3,660 leases a year earlier, reflecting continued demand for rental housing across the region.
Lease prices remained largely stable. The average lease price declined slightly by 0.6% to $2,230 compared to $2,243 in February 2025.
Homes took longer to secure tenants as inventory expanded. Days on Market increased to 50 days, up from 44 days last February.
“As we approach the spring homebuying season, easing mortgage rates may encourage some renters to consider making the jump to homeownership,” said HAR Chair Theresa Hill with Compass RE Texas, LLC – Houston. “At the same time, many households still prefer the flexibility of renting, which should keep Houston’s rental market active in the months ahead.”
The townhome and condominium rental segment also experienced modest growth in February. A total of 569 properties were leased, representing a 4.2% increase from the 546 units leased in February 2025. New listings edged up 1.1% year over year to 915 properties.
The average lease price declined 3.6% to $1,871, compared to $1,941 a year earlier. At the same time, the average Days on Market increased to 56 days, up from 52 days last February.
