Island Bay
7400 Jones Dr,
Galveston, TX 77551
$742 - $1,533
1-2 Beds
Nestled along the Offatts Bayou of Galveston Bay, this namesake locale provides residents with a laid-back, waterfront lifestyle. Away from the more tourist-heavy Galveston destinations, this hideaway has plentiful local charm. Although Offatts Bayou has lavish waterfront houses with private marinas, there are more affordable rental options available here as well. Along with fishing and boating at nearby marinas, residents have easy access to other entertainment opportunities not far from the neighborhood. This palm-tree laden locale is adjacent to Schlitterbahn Waterpark Galveston and Moody Gardens, a 242-acre amusement park with a science museum, aquarium, and more. Galveston Beach is just a mile south, while Downtown Galveston is about five miles east of Offatts Bayou. And if you ever need to go into the city, Houston is about an hour’s drive away.
As of February 2026, the average apartment rent in Offatts Bayou is $1,126 for a studio, $1,059 for one bedroom, $1,384 for two bedrooms, and $1,739 for three bedrooms. Apartment rent in Offatts Bayou has decreased by -9.1% in the past year.
Studio
580 sq ft
Average Sq Ft
$1,126/month
Average Rent
1 BR
669 sq ft
Average Sq Ft
$1,059/month
Average Rent
2 BR
947 sq ft
Average Sq Ft
$1,384/month
Average Rent
3 BR
1,354 sq ft
Average Sq Ft
$1,739/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.