Condé Nast said that that the opening of luxury hotels like the Thompson San Antonio (pictured above) also plays into its enthusiasm about the city. Credit: Photo Courtesy of Thompson San Antonio

Alamo City residents who rent apartments are paying 12.1% more on average than in 2019, according to a recent report from data software company Stressa.

Average rental prices in the San Antonio metro climbed from $1,156 in 2019 to $1,296 in 2022, a greater increase than in Austin over the same period, the study shows. Austin only experienced a 10.4% rise over that time.

Stressa’s study cited housing supply shortages, increased demand and inflation as the causes behind the jump in lease rates.

Stessa’s report isn’t all doom and gloom, though.

The average increase in San Antonio rental rates between 2021 and 2022 is below the national average of a 17% during that time. Further, San Antonio had only the third-highest rise in rent prices in Texas. Dallas had the steepest increase of 15.2% between 2019-2022, followed by Houston at 12.6%.

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This article appears in May 4-17, 2022.

Michael Karlis is a multimedia journalist at the San Antonio Current, whose coverage in print and on social media focuses on local and state politics. He is a graduate of American University in Washington,...