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Report: Odessa tops Midland for apartment rent rates in March

An online apartment guide shows Odessa topped Midland for rent averages during the month of March.

ApartmentList.com showed that rents for one-bedroom apartments in Odessa averaged $1,267 a month, $31 ahead of the average in Midland. Also, a two-bedroom apartment in Odessa averaged $1,565 a month, $12 more than the average in Midland.

ApartmentList.com also showed a Metroplex city of Frisco topped both Midland and Odessa in March as it showed averages of $1,272 and $1,581 a month, respectively, for one- and two-bedroom apartments.

The website posted one-bedroom rental rates in Midland and Odessa that were nearly twice the rates in other West Texas communities, such as Amarillo, Abilene and Lubbock.

The website shows Midland as having the fastest-growing rents year over year “of medium-sized cities” across the nation. Midland’s 11.3 percent rate was higher than Odessa’s 10.7 percent increase. Both communities were ahead of the next closest city across the nation – Thornton, Colorado, which showed a year-over-year increase of 6.8 percent.

ApartmentList reports on its website that rent report data is drawn monthly from the millions of listings on its site. ApartmentList’s rent reports also cover rental pricing data in major cities, their suburbs and their neighborhoods.

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