Over the next three years, the Houston metropolitan area is expected to see a 2.9 percent growth in apartment rents, according to a new analysis of the city’s multifamily sector by Newmark.
Last quarter, rents ticked down 0.2 percent, and less than half of the 35 submarkets studied recorded positive rent growth during that time.
Still, the firm expects rents to grow from 2025 to 2028 – both in the metropolitan area overall and in every one of these 35 submarkets – as its population continues to grow along with its employment opportunities.
The submarket anticipated to notch the greatest rent growth of 4.3 percent is The Woodlands. Meanwhile, the Downtown/Montrose/River Oaks region is expected to see the smallest increase of just 0.9 percent, according to Newmark’s analysis, which used data from AxioMetrics, Real Page and Realty News Report.
Here are the effective rent growths in the fourth quarter of 2024 and the 2025-2028 projected growths in these 35 Houston submarkets.
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