What Millennials Can Expect To Pay in Rent in These 12 Texas Cities

Millennials are paying more money to rent in Texas than other generations. Key findings from a recent GOBankingRates study on the average rental cost across major U.S. metros revealed that millennial renters pay 11.5% more for housing. 

To find out how much more millennials pay for one- and two-bedroom apartments in the 12 Texas cities referenced in the study, GOBankingRates added 11.5% to the average rent. With the exception of a one-bedroom in El Paso, millennial renters in these Texas metros pay on average $1,000 or more in rent every month.

Take a look at the average amount of rent millennials pay in 12 Texas cities.

• Average rent for one-bedroom: $1,267
• Average rent for two-bedroom: $1,501

• Average rent for one-bedroom: $1,155
• Average rent for two-bedroom: $1,423

• Average rent for one-bedroom: $1,379
• Average rent for two-bedroom: $1,632

• Average rent for one-bedroom: $1,483
• Average rent for two-bedroom: $1,805

• Average rent for one-bedroom: $1,307
• Average rent for two-bedroom: $1,509

• Average rent for one-bedroom: $952
• Average rent for two-bedroom: $1,140

• Average rent for one-bedroom: $1,291
• Average rent for two-bedroom: $1,522

• Average rent for one-bedroom: $1,126
• Average rent for two-bedroom: $1,378

• Average rent for one-bedroom: $1,610
• Average rent for two-bedroom: $2,037

• Average rent for one-bedroom: $1,076
• Average rent for two-bedroom: $1,298

• Average rent for one-bedroom: $1,403
• Average rent for two-bedroom: $1,726

• Average rent for one-bedroom: $1,276
• Average rent for two-bedroom: $1,558

Methodology: For this study, GOBankingRates analyzed the average rental cost of major U.S. cities and the cost of living in those cities. First, GOBankingRates found the 100 most populated cities, according to the U.S. Census American Community Survey. For each city, GOBankingRates found total population, total households, population ages 65 and over, household median income, all sourced from the American Community Survey; the cost-of-living indexes, as sourced from Sperling’s BestPlaces; the average overall rental cost, one-bedroom rental cost and two-bedroom rental cost, all sourced from ApartmentList; the average cost of a condo or co-op, as sourced from Zillow Home Value Index; and the livability index, as sourced from AreaVibes. All data was collected on and is up to date as of Sept. 13, 2024.