Average Rent in 77551, Galveston, TX

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Current Versus Historical 77551, Galveston, TX Rents

77551 rentals average $0 for a studio rental to $2,600 for a 4-bedroom rental. The median price of all currently available listings is $1,675, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $2,167 (260.14%) year-over-year from $833 to $3,000. 1-bedroom rentals prices have increased by $201 (19.16%) year-over-year from $1,049 to $1,250. 2-bedroom rentals prices have increased by $188 (14.31%) year-over-year from $1,312 to $1,500. 3-bedroom rentals prices have increased by $400 (20.00%) year-over-year from $2,000 to $2,400. 4-bedroom rentals prices have decreased by $224 (-8.07%) year-over-year from $2,774 to $2,550. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 24.61% this month. 1-bedroom rents have gone up by 9.59% this month. 2-bedroom rents have gone down by 1.96% this month. 3-bedroom rents have gone up by 14.29% this month. 4-bedroom rents have gone down by 4.08% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.22 $1,250 $1,049 (19.16%) $867 (44.23%)
2 BR $1.57 $1,500 $1,312 (14.31%) $1,233 (21.62%)
3 BR $1.89 $2,400 $2,000 (20.00%) $1,867 (28.57%)
4+ BR $1.21 $2,550 $2,774 (-8.07%) $2,278 (11.96%)

Historical Rents in 77551, Galveston, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 77551

There are a total of 5 cities nearby 77551. The average rent in 77551 is currently $2,145 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Pasadena, TX, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near 77551, Galveston, TX is Pearland, TX. Monthly rents here are on average $2,400 per month.

Let's compare 77551, Galveston, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 24.00% more expensive. Two bedrooms in 77551, Galveston, TX are about 10.00% more affordable. Finally, rent for three bedrooms are about 3.37% more affordable. Want more information? Check out the top 5 cities near 77551, Galveston, TX in the following chart.
City Studio 1 Bed 2 Bed All
Pasadena, TX $1,700 $850 $1,225 $1,600
Galveston, TX N/A $1,150 $1,650 $1,650
League City, TX N/A $1,274 $1,725 $2,145
Missouri City, TX N/A N/A $2,200 $2,350
Pearland, TX N/A $950 N/A $2,400

Top Neighborhoods Near 77551

There are a total of 19 neighborhoods in or near 77551. Some of these neighborhoods include Alief, South Main, and Astrodome. We've included all of these top 19 neighborhoods in or near 77551, Galveston, TX in the following chart.

The average rent for these 19 neighborhoods in or near 77551, Galveston, TX is currently around $1,609 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $1,609. Out of all the neighborhoods in or near 77551, Alief has the most affordable average rent at $1,275 per month. Whereas, at $2,785 average rent per month, The Museum District is the most expensive neighborhood in or near 77551. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Alief, Houston, TX N/A $921 $1,154 $1,275
South Main, Houston, TX N/A $1,151 $1,339 $1,339
Astrodome, Houston, TX N/A $1,000 $1,500 $1,363
Sharpstown, Houston, TX N/A $1,000 $1,389 $1,400
Greater Fondren Southwest, Houston, TX N/A $900 $1,300 $1,408
Clear Lake, Houston, TX N/A $1,095 $1,350 $1,450
East End Historic District, Galveston, TX N/A $1,199 $1,650 $1,475
Greater Eastwood, Houston, TX $1,010 $950 $1,650 $1,500
MacGregor, Houston, TX N/A $1,123 $1,425 $1,600
Braeswood Place, Houston, TX N/A $1,362 $2,111 $1,609
Greenway - Upper Kirby, Houston, TX N/A $1,175 $1,825 $1,700
OST - South Union, Houston, TX $1,173 $950 $1,225 $1,800
Sunnyside, Houston, TX N/A $795 $1,450 $1,875
Woodlake - Briar Meadow, Houston, TX N/A $1,200 $1,750 $1,900
Central Southwest, Houston, TX N/A $1,305 $1,752 $1,950
University Place, Houston, TX $1,148 $1,475 $1,950 $2,048
Greater Third Ward, Houston, TX N/A $1,095 $1,288 $2,090
South Acres - Crestmont Park, Houston, TX N/A N/A N/A $2,175
The Museum District, Houston, TX $1,338 $2,009 $2,889 $2,785

Top Counties Near 77551

There are a total of 19 counties located by 77551, Galveston, TX. Some of these counties include Brazosport, TX, Pasadena, TX, and Galveston, TX. The average rent for rentals in these counties is $2,148. That's roughly around $1 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Brazosport, TX. It's average rent per month is $1,500. Vice versa, with an average rent of $2,389, Angleton, TX is the most expensive county by 77551, Galveston, TX.

Typically, rent for studios in 77551, Galveston, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 77551, Galveston, TX is 29.00% more expensive than other counties nearby. Finally, rent for two bedrooms in 77551, Galveston, TX is 8.83% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Brazosport, TX $1,350 $850 $1,350 $1,500
Pasadena, TX $1,700 $850 $1,213 $1,500
Galveston, TX N/A $1,150 $1,650 $1,650
Texas City-League City, TX $600 $1,280 $1,509 $1,995
Southeast Harris, TX N/A $1,150 $1,385 $2,300
Stafford-Missouri City, TX N/A N/A $1,475 $2,300
Alvin-Pearland, TX $750 $925 $1,125 $2,350
Angleton, TX $850 $755 $1,195 $2,389

Top Zipcodes Near 77551

There are a total of 19 zipcodes in or near 77551, Galveston, TX. The average rent for all of these zipcodes is $1,850. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 77099, Houston, TX at $1,154 per month. In comparison, the zipcode with the most expensive average rent of $2,600 per month is 77459, Missouri City, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 77551, Galveston, TX is $1,000 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,650 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 77551, Galveston, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
77006, Houston, TX $913 $1,409 $2,532 $1,929
77098, Houston, TX $890 $1,175 $1,973 $1,996
77004, Houston, TX $813 $1,200 $1,450 $1,950
77054, Houston, TX N/A $1,074 $1,475 $1,339
77550, Galveston, TX N/A $1,100 $1,650 $1,575
77030, Houston, TX N/A $1,589 $1,900 $1,887
77025, Houston, TX N/A $1,339 $2,100 $1,700
77573, League City, TX N/A $1,283 $1,725 $2,081
77584, Pearland, TX N/A N/A N/A $2,400
77036, Houston, TX N/A $950 $1,300 $1,300

Frequently Asked Questions - 77551 Average Rents

What is the average rent price in 77551, Galveston, TX?
The average monthly rental price for 77551, Galveston, TX apartments for rent is approximately $1,675. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 77551, Galveston, TX rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 77551, Galveston, TX.
How much is a studio apartment in 77551, Galveston, TX?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 77551.
How much is a one bedroom apartment in 77551, Galveston, TX?
The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $2.22. There are a total of 15 one bedroom apartment listings currently available for rent in 77551.
How much is a two bedroom apartment in 77551, Galveston, TX?
The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $1.57. There are a total of 15 two bedroom apartment listings currently available for rent in 77551.
How have rent prices in 77551, Galveston, TX changed this year?
Rent prices for rentals in 77551, Galveston, TX can fluctuate yearly. Specifically, studio rental prices have changed by 2.60%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.20% year-over-year.
What is a reasonable rent price in 77551, Galveston, TX?
A reasonable rent price in 77551, Galveston, TX is around $1,340/month. You can search for these reasonably priced rental listings on RentHop.
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