Leasing listings, average lease price rises year over year in Houston

Single-family leased listings rose 7.7% year over year in February while the average lease price increased 1.4%, according to the Houston Association of Realtors’ February Rental Market Update released March 19.

Zooming in

Between February 2024 and February 2025, single-family leased listings rose from 3,403 to 3,667, according to the report. The average lease price increased from $2,215 to $2,246.

New single-family listings also rose year over year in February. According to the report, there were 5,287 new listings this February compared to 4,884 listings last February.

Quote of note

“Economic uncertainties are leading some cautious consumers to rent instead of buy a home at this time,” HAR Chair Shae Cottar, with LPT Realty, said in a news release. “While there’s been a modest increase in the lease price, the market remains competitive. Houston’s relatively affordable rental rates compared to other major cities make it an attractive option for many people looking to rent.”