Odessa, TX Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Odessa is $1,324, a 1.29% increase compared to the previous year, when the average rent was $1,307.
Studio Apartments at $1,081 offer the most budget-friendly option with 529 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 670 square feet for $1,160, balancing privacy and affordability.
Two-beedroom units at $1,468 offer 987 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,187 sq ft) for $1,789, suitable for larger households.
Average rent in Odessa, TX
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,324 | 832 sq. ft. |
| Studio | $1,081 | 529 sq. ft. |
| 1 Bed | $1,160 | 670 sq. ft. |
| 2 Beds | $1,468 | 987 sq. ft. |
| 3 Beds | $1,789 | 1,187 sq. ft. |
Odessa, TX rent trends
Rental prices in Odessa, TX have increased by 1.29% over the past year. The average rent moved from $1,307 to $1,324.
What's the typical rent budget in Odessa, TX?
The largest share of rentals in Odessa, TX (56%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Odessa, TX?
18,341 or 41% of the households in Odessa, TX are renter-occupied while 26,646 or 59% are owner-occupied.
How Odessa Compares to Other Cities
| City | Average Rent |
|---|---|
| Odessa | $1,324 |
| Houston | $1,343 |
| San Antonio | $1,255 |
| Dallas | $1,576 |
| Austin | $1,624 |
| Fort Worth | $1,428 |
| Irving | $1,485 |
| Plano | $1,677 |
| Arlington | $1,328 |
| Sachse | $1,725 |
| Spring | $1,449 |
| Levelland, TX | $769 |
| Big Spring, TX | $1,306 |
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 Odessa 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.