Big Spring, Texas Rental Market Trends

Disclaimer:

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 Big Spring, Texas rental market.

Big Spring, Texas

Average Apartment Rent

$1,307

Y-o-Y Change in Average
Apartment Rent

-1.2%

As of March 2026

Compared to a year ago, Big Spring, Texas apartments have recorded a -1.2% rent decrease.

Big Spring, Texas Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Big Spring $1,157 $1,174 $1,238 $1,273 $1,262 $1,322 $1,280 $1,329 $1,307
National $1,735 $1,724 $1,729 $1,750 $1,743 $1,749 $1,763 $1,749 $1,750
Big Spring
National
Jul 2023
$1,157
$1,735
Nov 2023
$1,174
$1,724
Mar 2024
$1,238
$1,729
Jul 2024
$1,273
$1,750
Nov 2024
$1,262
$1,743
Mar 2025
$1,322
$1,749
Jul 2025
$1,280
$1,763
Nov 2025
$1,329
$1,749
Mar 2026
$1,307
$1,750

Big Spring, Texas Average Apartment Rent

Big Spring, Texas Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 40.57%, apartments priced $1,000 - $1,500 represent the bulk of Big Spring, Texas rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 8.57%.

Big Spring, Texas Housing tenure**

Renter occupied housing units 3,381
Owner occupied housing units 5,468

Renters take up 38% of Big Spring, Texas real estate, occupying a total of 3,381 units, while homeowners live in 5,468 properties.

Median number of rooms of renter-occupied housing units**

4.2

Renter median household income**

$41,784

Average household size of renter-occupied housing units**

2.23

Rental vacancy rate**

9.2%

Big Spring, Texas Renter-occupied housing units by no. of bedrooms**

No bedrooms 114
1 bed 879
2 beds 1,413
3 beds 810
4 beds 165

There are 1,413 rentals in Big Spring, Texas with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 114 units. Overall, the median number of rooms in Big Spring, Texas homes for rent is 4.2.

Big Spring, Texas Renter-occupied units by age of householder**

15 - 24 years 526
25 - 34 years 682
35 - 44 years 738
45 - 54 years 593
55 - 59 years 160
60 - 64 years 308
65 - 74 years 201
75 - 84 years 105
85 years and over 68

Most condos for rent in Big Spring, Texas are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.

Big Spring, Texas Renter-occupied housing units by family type**

Family households 1,653
Non-Family Households 1,728

Big Spring, Texas Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,241
No related children of the householder under 18 2,140

A total of 1,653 apartments for rent in Big Spring, Texas, or 49% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 1,241 units. All in all, the median size of a renter-occupied household in Big Spring, Texas is 2.23.

Big Spring, Texas Renter-occupied housing units by educational attainment**

Less than high school graduate 498
High school graduate (including equivalency) 1,395
Some college or associate's degree 1,080
Bachelor's degree or higher 408

In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Big Spring, Texas.

Big Spring, Texas Renter-occupied units by year structure built**

Built 2010 - 2019 280
Built 2000 - 2009 238
Built 1990 - 1999 256
Built 1980 - 1989 403
Built 1970 - 1979 761
Built 1960 - 1969 616
Built 1950 - 1959 436
Built 1940 - 1949 265
Built 1939 or earlier 126

The highest share of Big Spring, Texas apartment rentals, namely 23% or 761 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 616 units), and the ones Built 1950 - 1959 (13%, 436 units).

Big Spring, Texas Renter-occupied units by year householder moved in**

Moved in 2021 or later 185
Moved in 2018 to 2020 1,034
Moved in 2010 to 2017 1,575
Moved in 2000 to 2009 508
Moved in 1990 to 1999 47
Moved in 1989 or earlier 32

Median year renter moved into unit 2016

Most Big Spring, Texas renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Big Spring, Texas condos for rent is 2016.

Big Spring, Texas Renter-occupied housing units by vehicles available**

No vehicle available 406
1 vehicle available 1,961
2 vehicles available 791
3 or more vehicles available 223

When it comes to transportation options, 58% of Big Spring, Texas renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 12% have No vehicle available.

Big Spring, Texas Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,507
Car, truck, or van - carpooled 519
Walked 57
Taxicab, motorcycle, bicycle, or other means 55
Worked at home 127

Big Spring, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 6,021
Moved within same county 874
Moved from different county within same state 439
Moved from different state 164

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 Big Spring, 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

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