Alturas Penbrook
3965 Penbrook St,
Odessa, TX 79762
1-2 Beds | $1,015 - $1,280
Rental Market Trends in Odessa, TX
What is the average rent in Odessa, TX?
$1,150/month
Average Rent
676 Sq Ft
Average Apartment Size
+2.8%
Increase in the Last Year
As of June 2025, the average rent in Odessa, TX is $1,150 per month. This is 29% lower than the national average rent of $1,627/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 $1,068 per month for a studio, $1,150 for a one-bedroom apartment, and around $1,506 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
Floor Plan Type
Average Rent
Average 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 2.8%, which averages out to $32 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 June 2025
Legend
2024
2025
Rent Ranges in Odessa, TX
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
18%
$700 - $1,000/month
57%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Odessa?
Based on current rent prices, University Gardens and The Fountains" are the most affordable neighborhoods in Odessa.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Odessa?
Based on current rent prices, The Fountains and University Gardens" are the most expensive neighborhoods in Odessa.
Neighborhood
Average Rent
Average Sq Ft
Which Odessa neighborhoods have the most rentals available?
The neighborhoods in Odessa with the most apartments available are University Gardens and The Fountains" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Odessa, TX?
Because the average rent in Odessa is $1,150, you’ll want to make about $3,833 per month or $45,996 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 7.0% lower than the national average. Generally, housing in Odessa is 18.6% less expensive than the national average, with rent falling between $1,068 - $1,895. You can expect to pay 4.2% less for groceries, 3.7% more for utilities, and 6.2% less for transportation.
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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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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 June 2025.
* Percentages may not total 100 due to rounding.