Amarillo, TX Rental Market Trends
Last updated: April 04, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Amarillo is $1,003, a 4.4% increase compared to the previous year, when the average rent was $960.
Studio Apartments at $667 offer the most budget-friendly option with 432 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 677 square feet for $890, balancing privacy and affordability.
Two-beedroom units at $1,118 offer 952 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,196 sq ft) for $1,287, suitable for larger households.
Average rent in Amarillo, TX
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,003 | 816 sq. ft. |
| Studio | $667 | 432 sq. ft. |
| 1 Bed | $890 | 677 sq. ft. |
| 2 Beds | $1,118 | 952 sq. ft. |
| 3 Beds | $1,287 | 1,196 sq. ft. |
Amarillo, TX rent trends
Rental prices in Amarillo, TX have increased by 4.4% over the past year. The average rent moved from $960 to $1,003.
What's the typical rent budget in Amarillo, TX?
The largest share of rentals in Amarillo, TX (54%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Amarillo, TX?
31,796 or 40% of the households in Amarillo, TX are renter-occupied while 46,816 or 60% are owner-occupied.
Most affordable neighborhoods in Amarillo?
Old San Jacinto $935/month
Downtown Amarillo $984/month
Amarillo SouthWest $992/month
All of these neighborhoods fall below the city wide average of $1,003/month.Average Rent in Amarillo, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Historic Route 66 District | $1,149 |
| Soncy | $1,002 |
| Amarillo SouthWest | $992 |
| Downtown Amarillo | $984 |
| Old San Jacinto | $935 |
Amarillo | Rent Comparison by Neighborhood
Rent in Amarillo SouthWest is 1% higher than in Downtown Amarillo
Amarillo SouthWest rent is 1% lower than Amarillo average
Downtown Amarillo rent is 2% lower than Amarillo average
How Amarillo Compares to Other Cities
| City | Average Rent |
|---|---|
| Amarillo | $1,003 |
| Houston | $1,346 |
| San Antonio | $1,256 |
| Dallas | $1,582 |
| Austin | $1,623 |
| Fort Worth | $1,432 |
| Irving | $1,485 |
| Plano | $1,687 |
| Arlington | $1,350 |
| Sachse | $1,673 |
| Spring | $1,457 |
| Lubbock, TX | $1,137 |
| Canyon, TX | $1,352 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Amarillo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.