Average Rent in El Paso, TX

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Current Versus Historical El Paso, TX Rents

El Paso rentals average $648 for a studio rental to $2,095 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $1 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $84 (-11.12%) year-over-year from $757 to $673. 1-bedroom rentals prices have decreased by $24 (-3.12%) year-over-year from $774 to $750. 2-bedroom rentals prices have decreased by $53 (-4.41%) year-over-year from $1,190 to $1,138. 3-bedroom rentals prices have increased by $68 (4.54%) year-over-year from $1,507 to $1,575. 4-bedroom rentals prices have increased by $140 (7.73%) year-over-year from $1,810 to $1,950. 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 down by 7.98% this month. 1-bedroom rents have gone up by 1.26% this month. 2-bedroom rents have gone down by 1.59% this month. 3-bedroom rents have gone up by 1.34% this month. 4-bedroom rents have gone up by 5.07% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.02 $673 $757 (-11.12%) $846 (-20.49%)
1 BR $1.38 $750 $774 (-3.12%) $1,277 (-41.25%)
2 BR $1.24 $1,138 $1,190 (-4.41%) $1,073 (6.01%)
3 BR $1.10 $1,575 $1,507 (4.54%) $1,241 (26.93%)
4+ BR $1.00 $1,950 $1,810 (7.73%) $1,519 (28.36%)

Historical Rents in El Paso, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near El Paso

There are a total of 1 cities nearby El Paso. The average rent in El Paso is currently $1,450 per month. Only one city nearby has an average rent lower than that. Our records show that Las Cruces, NM, with an average rent of $1,450, is the most affordable city nearby. In contrast, the most expensive city near El Paso, TX is Las Cruces, NM. Monthly rents here are on average $1,450 per month.

Let's compare El Paso, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in El Paso, TX is 32.05% more expensive than other cities nearby. One bedrooms are about 55.18% more affordable. Two bedrooms in El Paso, TX are about 14.09% more expensive. Finally, rent for three bedrooms are about 0.31% more expensive. Want more information? Check out the top 1 cities near El Paso, TX in the following chart.
City Studio 1 Bed 2 Bed All
Las Cruces, NM $440 $1,160 $945 $1,450

Top Neighborhoods Near El Paso



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near El Paso

Some of these counties include Las Cruces, NM, El Paso, TX, and El Paso East, TX. The average rent for rentals in these counties is $1,643. That's roughly around $1 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Las Cruces, NM. It's average rent per month is $1,425. Vice versa, with an average rent of $2,000, El Paso Northwest, El Paso, TX is the most expensive county by El Paso, TX.

Typically, rent for studios in El Paso, TX is 55.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in El Paso, TX is 1.34% more expensive than other counties nearby. Finally, rent for two bedrooms in El Paso, TX is 6.82% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Las Cruces, NM $580 $1,120 $950 $1,425
El Paso, TX $648 $750 $1,100 $1,500
El Paso East, TX N/A $725 $920 $1,785
El Paso Northwest, El Paso, TX N/A $695 $1,850 $2,000

Top Zipcodes Near El Paso

There are a total of 4 zipcodes in or near El Paso, TX. The average rent for all of these zipcodes is $1,775.

The following chart includes the top 4 zipcodes in El Paso, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
79938, Fort Hancock, TX N/A $775 N/A $1,700
79912, El Paso, TX N/A N/A $1,600 $1,950
79928, Agua Dulce, TX N/A N/A $1,050 $1,850
79936, El Paso, TX N/A N/A $1,113 $1,550

Frequently Asked Questions - El Paso Average Rents

What is the average rent price in El Paso, TX?
The average monthly rental price for El Paso, TX apartments for rent is approximately $1,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do El Paso, 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 El Paso, TX.
How much is a studio apartment in El Paso, TX?
The average monthly rental price for studio apartments is $648 and an average price per square feet of $1.02. There are a total of 2 studio apartment listings currently available for rent in El Paso.
How much is a one bedroom apartment in El Paso, TX?
The average monthly rental price for one bedroom apartments is $748 and an average price per square feet of $1.38. There are a total of 38 one bedroom apartment listings currently available for rent in El Paso.
How much is a two bedroom apartment in El Paso, TX?
The average monthly rental price for two bedroom apartments is $1,100 and an average price per square feet of $1.24. There are a total of 87 two bedroom apartment listings currently available for rent in El Paso.
How have rent prices in El Paso, TX changed this year?
Rent prices for rentals in El Paso, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in El Paso, TX?
A reasonable rent price in El Paso, TX is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.
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