Red Oak, 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 Red Oak, Texas rental market.
Red Oak, Texas
Average Apartment Rent
$1,651
Y-o-Y Change in Average
Apartment Rent
2.6%
As of March 2026
Compared to a year ago, Red Oak, Texas apartments have recorded a 2.6% rent increase.
Red Oak, Texas Average apartment rent trend
Red Oak, Texas Average Apartment Rent
Red Oak, Texas Apartment rent ranges
At 43.67%, apartments priced $1,000 - $1,500 represent the bulk of Red Oak, Texas rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 3.48%.
Red Oak, Texas Housing tenure**
Renters take up 22% of Red Oak, Texas real estate, occupying a total of 1,010 units, while homeowners live in 3,645 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$42,500
Average household size of renter-occupied housing units**
2.63
Rental vacancy rate**
18.4%
Red Oak, Texas Renter-occupied housing units by no. of bedrooms**
There are 605 rentals in Red Oak, Texas with 2 beds making up the highest share of the market, at 60%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 23 units. Overall, the median number of rooms in Red Oak, Texas homes for rent is 4.4.
Red Oak, Texas Renter-occupied units by age of householder**
Most condos for rent in Red Oak, Texas are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Red Oak, Texas Renter-occupied housing units by family type**
Red Oak, Texas Renter-occupied housing units by the presence of own children**
A total of 686 apartments for rent in Red Oak, Texas, or 68% of all rentals are family households. Additionally, 48% of rental homes include children under the age of 18 – that’s 483 units. All in all, the median size of a renter-occupied household in Red Oak, Texas is 2.63.
Red Oak, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Red Oak, Texas.
Red Oak, Texas Renter-occupied units by year structure built**
The highest share of Red Oak, Texas apartment rentals, namely 27% or 270 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (27%, 268 units), and the ones Built 1970 - 1979 (24%, 242 units).
Red Oak, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Red Oak, Texas renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Red Oak, Texas condos for rent is 2017.
Red Oak, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Red Oak, Texas renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 14% have No vehicle available.
Red Oak, Texas Means of transportation to work of householders living in renter-occupied housing units**
Red Oak, 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 Red Oak, 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
