Amarillo, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Amarillo, Texas rental market.
Amarillo, Texas
Average Apartment Rent
$1,002
Y-o-Y Change in Average
Apartment Rent
3.8%
As of March 2026
Compared to a year ago, Amarillo, Texas apartments have recorded a 3.8% rent increase.
Amarillo, Texas Average apartment rent trend
Amarillo, Texas Average Apartment Rent
Amarillo, Texas Apartment rent ranges
At 56.1%, apartments priced Under $1,000 represent the bulk of Amarillo, Texas rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 4.36%.
Amarillo, Texas Housing tenure**
Renters take up 40% of Amarillo, Texas real estate, occupying a total of 31,776 units, while homeowners live in 46,840 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$41,177
Average household size of renter-occupied housing units**
2.28
Rental vacancy rate**
10.8%
Amarillo, Texas Renter-occupied housing units by no. of bedrooms**
There are 10,842 rentals in Amarillo, Texas with 2 beds making up the highest share of the market, at 34%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 1,286 units. Overall, the median number of rooms in Amarillo, Texas homes for rent is 4.2.
Amarillo, Texas Renter-occupied units by age of householder**
Most condos for rent in Amarillo, Texas are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Amarillo, Texas Renter-occupied housing units by family type**
Amarillo, Texas Renter-occupied housing units by the presence of own children**
A total of 15,780 apartments for rent in Amarillo, Texas, or 50% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 10,760 units. All in all, the median size of a renter-occupied household in Amarillo, Texas is 2.28.
Amarillo, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Amarillo, Texas.
Amarillo, Texas Renter-occupied units by year structure built**
The highest share of Amarillo, Texas apartment rentals, namely 17% or 5,268 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (16%, 5,233 units), and the ones Built 1960 - 1969 (15%, 4,628 units).
Amarillo, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Amarillo, Texas renters (45%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Amarillo, Texas condos for rent is 2018.
Amarillo, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Amarillo, Texas renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 12% have No vehicle available.
Amarillo, Texas Means of transportation to work of householders living in renter-occupied housing units**
Amarillo, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Amarillo, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
