More renters in the Greater Houston area signed leases in May as available listings and prices dipped slightly, according to a June 17 report from the Houston Association of Realtors.
The breakdown
The number of rentable single-family homes in the Houston area fell by about 0.8% compared to May 2025, with 54 fewer new listings to choose from, according to the monthly rental market update. Additionally, the number of signed leases increased by 5.2%.
As for average lease prices, costs eased by 0.3% compared to last May, with the average price totaling $2,346 in 2026, the report shows.
Meanwhile, the number of days on the market also slightly increased from 39 to 42 days.
Diving in
Townhomes and condos saw an increase of 8.2% in the number of leased listings and an increase of 0.5% in price.
The number of leased listings was 749—up from last year’s 692—at an average of $2,007, per the report. Condos and townhomes also spend a week longer at 53 days on the market compared to last May’s 46 days.
What they’re saying
“In today’s economy, many consumers are taking a more measured approach to major financial decisions, and renting remains an attractive option for some households,” said HAR Chair Theresa Hill. “For those choosing to rent, a growing supply of available homes is providing more choices and helping keep rental prices relatively stable.”
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Publisher: Houston – Community Impact Newspaper