El Paso Rental Market

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August 6, 2023

El Paso, Texas is a large city located in the southwestern corner of the state. It is a popular destination for people looking for affordable housing, mild weather, and a variety of cultural attractions. The rental market in El Paso is relatively strong, with average rents rising by 4.5% in the past year.

The median rent for an apartment in El Paso is $1,024. This is lower than the national median rent of $1,100, and it is also lower than the median rent in many other major cities in Texas. For example, the median rent in Austin is $1,500, and the median rent in Houston is $1,300.

The most affordable neighborhoods in El Paso are Angel's Triangle, Golden Hill, and Houston Park-El Paso High. These neighborhoods offer a variety of rental options, including apartments, houses, and condos. The average rent in these neighborhoods is around $800.

The most expensive neighborhoods in El Paso are Downtown El Paso, the Northeast, and the Westside. These neighborhoods offer luxury apartments and condos with amenities such as pools, gyms, and parking. The average rent in these neighborhoods is around $1,500.

The rental market in El Paso is expected to remain strong in the coming years. The city is growing rapidly, and there is a high demand for rental housing.