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Rental Market Trends in Odessa, TX

What is the average rent in Odessa, TX?

$1,163/month

Average Rent

669 Sq Ft

Average Apartment Size

+1.7%

Increase in the Last Year

As of January 2026, the average rent in Odessa, TX is $1,163 per month. This is 28% lower than the national average rent of $1,624/month, making renting in Odessa more affordable than most cities in the US. When you rent an apartment in Odessa, you can expect to pay about $1,157 per month for a studio, $1,163 for a one-bedroom apartment, and around $1,501 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,895 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,157/month
552 Sq Ft
One Bedroom
$1,163/month
669 Sq Ft
Two Bedroom
$1,501/month
996 Sq Ft
Three Bedroom
$1,895/month
1,231 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,304/month
1,462 Sq Ft
Four Bedroom
$4,500/month
2,719 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Odessa, TX?

In the past year, rent has increased by 1.7%, which averages out to $20 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Odessa, TX
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Odessa, TX
Percentage*
Rent Range
3% Below $700/month
18% $700 - $1,000/month
55% $1,001 - $1,500/month
22% $1,501 - $2,000/month
3% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Odessa?

Based on current rent prices, Emerald Forest Estates, University Gardens and The Fountains are the most affordable neighborhoods in Odessa.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Emerald Forest Estates
$1,066/month
585 Sq Ft
University Gardens
$1,078/month
634 Sq Ft
The Fountains
$1,220/month
704 Sq Ft
Tuscany at Faudree
$1,626/month
810 Sq Ft

What are the most expensive neighborhoods in Odessa?

Based on current rent prices, Tuscany at Faudree, The Fountains and University Gardens are the most expensive neighborhoods in Odessa.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Tuscany at Faudree
$1,626/month
810 Sq Ft
The Fountains
$1,220/month
704 Sq Ft
University Gardens
$1,078/month
634 Sq Ft
Emerald Forest Estates
$1,066/month
585 Sq Ft

Which Odessa neighborhoods have the most rentals available?

The neighborhoods in Odessa with the most apartments available are University Gardens, The Fountains and Tuscany at Faudree .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
University Gardens
$1,078/month
634 Sq Ft
The Fountains
$1,220/month
704 Sq Ft
Tuscany at Faudree
$1,626/month
810 Sq Ft
Emerald Forest Estates
$1,066/month
585 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Odessa, TX?

Because the average rent in Odessa is $1,163, you’ll want to make about $3,876 per month or $46,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Odessa, TX is 7.4% lower than the national average. Generally, housing in Odessa is 20.8% less expensive than the national average, with rent falling between $1,157 - $1,895. You can expect to pay 5.1% less for groceries, 0.3% less for utilities, and 11.4% less for transportation.

City

Odessa, TX

785 Available Apartments for Rent

Search for Nearby Apartments

How does Odessa, TX compare to other nearby cities and neighborhoods?

Use the tool below to compare Odessa, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Odessa, TX

Apartment Averages

Emerald Forest Estates

Odessa, TX

Tuscany at Faudree

Odessa, TX

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Midland Average Rent

Apartment communities in Odessa we think you'll love

Windmill Ranch Apartments

Windmill Ranch Apartments

4121 San Antonio St,
Odessa, TX 79765

$1,450 - $2,175

1-2 Beds

Alturas Penbrook

Alturas Penbrook

3965 Penbrook St,
Odessa, TX 79762

$960 - $1,355

1-2 Beds

Advenir at Legado Ranch

Advenir at Legado Ranch

4001 De Morada Dr,
Odessa, TX 79765

$1,154 - $2,219

Studio - 2 Beds

The Penwell

The Penwell

8225 Dorado Dr,
Odessa, TX 79765

$1,250 - $2,175

Studio - 2 Beds

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United States Texas Odessa Rental Trends

Methodology

† 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity