News » San Antonio News

San Antonio rents increase 30% amid hot housing market, study shows

By

comment
San Antonio experienced a 30% increase in the median price of rentals, according to a report from Dwellsy. - COURTESY OF SANANTONIO.ULI.ORG
  • Courtesy of sanantonio.uli.org
  • San Antonio experienced a 30% increase in the median price of rentals, according to a report from Dwellsy.

Much like groceries, gas and everything else, renting an apartment has gotten more expensive in the Alamo City, according to a recent report from rental agency Dwellsy.


According to the analysis, median rents in the San Antonio-New Braunfels Metro jumped $377 from January to December of last year. That constitutes a 28.9% increase from January's median of $1,304. To a large part, the boost was driven by high-demand single-family homes, which tallied a 26% cost increase.


The report noted that in a “normal year,” average rental prices would only increase by around 3-4%, far lower than this year’s national average of 11%. The COVID-19 pandemic was a key contributor to the price hike, according to researchers. 


The Dwellsy's study follows a string of recent reports about San Antonio’s increasingly expensive housing market, including being ranked one of the hottest housing markets of 2022 by Zillow and more recently being named one of the least affordable cities for renting a studio apartment by RentHops.


Stay on top of San Antonio news and views. Sign up for our Weekly Headlines Newsletter.

Support Local Journalism.
Join the San Antonio Current Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the San Antonio Press Club for as little as $5 a month.