The San Antonio area had the nation's 10th-highest jump in average rents over the past year

Even though rents have gone up, the Alamo City's average monthly rent is still $500 below the national average.

click to enlarge The average cost of rent rose 24.3% since last June, according to the report. - Courtesy Image / Urban Genesis
Courtesy Image / Urban Genesis
The average cost of rent rose 24.3% since last June, according to the report.
The average rent in the San Antonio metro area has jumped 24.3% since last June, landing the Alamo City among the U.S. metros with the fastest-rising rents, according to a new report.

The average rent in San Antonio hit $1,501 in June, meaning it had the tenth-fastest growth among major U.S. markets, according to an analysis by online real estate broker Redfin.

Cincinnati, Ohio, was the city with the fastest growth in average rent, posting a 39% increase over the past 12 months. Seattle (up 33%) and Austin (up 32%) ranked as the No. 2 and No. 3 cities, respectively.

Even though the rise in San Antonio-area rents outpaced the national average of 14.1%, the local average is still about $500 lower than that of the U.S. as a whole. What's more, at an average price of $1,501, a family in San Antonio earning $53,420 — the median household for families here in 2020 — is only spending about a third of their income on rent.

In Austin, a family making around $75,000 — the median family income in the state capital — wouldn't even qualify for many rentals since landlords often require a family to earn at least three times the yearly rent. According to Redfin, the average rent there is $2,505.

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About The Author

Michael Karlis

Michael Karlis is a Staff Writer at the San Antonio Current. He is a graduate of American University in Washington, D.C., whose work has been featured in Salon, Alternet, Creative Loafing Tampa Bay, Orlando Weekly, NewsBreak, 420 Magazine and Mexico Travel Today. He reports primarily on breaking news, politics...


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