Fort Worth, 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 Fort Worth, Texas rental market.
Highlights
An apartment for rent in Fort Worth, Texas typically goes for $1,443 per month, while a single-family home for rent in Fort Worth, Texas has a monthly cost of around $2,068. Renter-occupied units make up 43% of the local housing market, while the rental vacancy rate in Fort Worth, Texas is at 8.9.
Fort Worth, Texas
Average Apartment Rent
$1,443
Y-o-Y Change in Average
Apartment Rent
-0.8%
Average Single-Family Rent
$2,068
As of November 2024
Compared to a year ago, Fort Worth, Texas apartments have recorded a -0.8% rent decrease.
Fort Worth, Texas Average apartment rent trend
Fort Worth, Texas Average Apartment Rent
Fort Worth, Texas Apartment rent ranges
At 51.08%, apartments priced $1,000 - $1,500 represent the bulk of Fort Worth, Texas rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.1%.
Fort Worth, Texas Housing tenure**
Renters take up 43% of Fort Worth, Texas real estate, occupying a total of 141,277 units, while homeowners live in 185,371 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$49,791
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
8.9%
Fort Worth, Texas Renter-occupied housing units by no. of bedrooms**
There are 46,943 rentals in Fort Worth, Texas with 2 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,032 units. Overall, the median number of rooms in Fort Worth, Texas homes for rent is 4.1.
Fort Worth, Texas Renter-occupied units by age of householder**
Most condos for rent in Fort Worth, Texas are occupied by residents in the 25 - 34 years age group (30%), 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%.
Fort Worth, Texas Renter-occupied housing units by family type**
Fort Worth, Texas Renter-occupied housing units by the presence of own children**
A total of 71,854 apartments for rent in Fort Worth, Texas, or 51% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 46,649 units. All in all, the median size of a renter-occupied household in Fort Worth, Texas is 2.47.
Fort Worth, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Fort Worth, Texas.
Fort Worth, Texas Renter-occupied units by year structure built**
The highest share of Fort Worth, Texas apartment rentals, namely 18% or 25,277 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (16%, 23,254 units), and the ones Built 2000 - 2009 (16%, 22,861 units).
Fort Worth, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Fort Worth, Texas renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Fort Worth, Texas condos for rent is 2018.
Fort Worth, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Fort Worth, Texas renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 10% have No vehicle available.
Fort Worth, Texas Means of transportation to work of householders living in renter-occupied housing units**
Fort Worth, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Fort Worth, Texas Average apartment rent by zip codes
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 Fort Worth, 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
