Rental Market Update
A comprehensive overview of monthly rental statistics for the Greater Houston area.
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Send emailRECORD NUMBER OF HOUSTON RENTAL HOMES LEASED IN MARCH
HOUSTON — (April 15, 2026) — Houston’s rental market is off to a strong start this spring as consumers respond to ongoing economic uncertainty and affordability challenges.
According to the Houston Association of Realtors’ March 2026 Rental Market Update, leased listings climbed 15.8% year over year to 4,718, which is the highest number of rental homes leased in a single month ever recorded by HAR.
The market also saw a record number of pending listings, totaling 4,824, pointing to continued demand in the weeks ahead. New listings rose 7.8% year over year to 6,172 available rental homes.
Homes spent slightly longer on the market, with Days on Market rising from 43 to 47 days.
Lease prices eased in March. The average lease price dipped 2.1% year over year to $2,242 compared to $2,290 the previous year.
“With economic uncertainty shaping consumer decisions, some are choosing to rent in the near term,” said HAR Chair Theresa Hill with Compass RE Texas, LLC - Houston. “That dynamic is driving strong demand and record leasing levels. At the same time, an increase in inventory is helping meet that demand and giving renters more options as the market moves into the spring season.”
The townhome and condominium rental segment also experienced gains in March. A total of 673 properties were leased, representing a 12.4% increase from the 599 units leased in March 2025. New listings rose 10.1% year over year to 1,082 properties, offering renters more options compared to a year ago.
The average lease price declined 1.5% to $1,898, down from $1,926 last March. The average Days on Market increased to 61 days, up from 53 days a year earlier, indicating a slightly slower pace of leasing despite the uptick in activity.
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