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Rental Market Trends in Wichita Falls, TX

What is the average rent in Wichita Falls, TX?

$815/month

Average Rent

701 Sq Ft

Average Apartment Size

+2%

Increase in the Last Year

As of January 2026, the average rent in Wichita Falls, TX is $815 per month. This is 50% lower than the national average rent of $1,625/month, making renting in Wichita Falls more affordable than most cities in the US. When you rent an apartment in Wichita Falls, you can expect to pay about $650 per month for a studio, $815 for a one-bedroom apartment, and around $994 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,092 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$650/month
501 Sq Ft
One Bedroom
$815/month
701 Sq Ft
Two Bedroom
$994/month
960 Sq Ft
Three Bedroom
$1,092/month
1,216 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$687/month
375 Sq Ft
Two Bedroom
$1,087/month
936 Sq Ft
Three Bedroom
$1,552/month
1,307 Sq Ft
Four Bedroom
$2,548/month
2,040 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$890/month
537 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Wichita Falls, TX?

In the past year, rent has increased by 2%, which averages out to $17 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 Wichita Falls, TX
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Wichita Falls, TX
Percentage*
Rent Range
21% Below $700/month
61% $700 - $1,000/month
14% $1,001 - $1,500/month
2% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Wichita Falls?

Based on current rent prices, Southwest Wichita Falls and West Wichita Falls" are the most affordable neighborhoods in Wichita Falls.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Southwest Wichita Falls
$806/month
667 Sq Ft
West Wichita Falls
$842/month
653 Sq Ft

What are the most expensive neighborhoods in Wichita Falls?

Based on current rent prices, West Wichita Falls and Southwest Wichita Falls" are the most expensive neighborhoods in Wichita Falls.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Wichita Falls
$842/month
653 Sq Ft
Southwest Wichita Falls
$806/month
667 Sq Ft

Which Wichita Falls neighborhoods have the most rentals available?

The neighborhoods in Wichita Falls with the most apartments available are Southwest Wichita Falls and West Wichita Falls" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Southwest Wichita Falls
$806/month
667 Sq Ft
West Wichita Falls
$842/month
653 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Wichita Falls is $815, you’ll want to make about $2,716 per month or $32,592 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 Wichita Falls, TX is 9.5% lower than the national average. Generally, housing in Wichita Falls is 34.6% less expensive than the national average, with rent falling between $650 - $1,092. You can expect to pay 2.7% less for groceries, 2.7% more for utilities, and 14.3% less for transportation.

City

Wichita Falls, TX

830 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Wichita Falls, 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 Wichita Falls, TX

Apartment Averages

Southwest Wichita Falls

Wichita Falls, TX

West Wichita Falls

Wichita Falls, TX

Studio
$631/month
$700/month
One Bedroom
$808/month
$822/month
Two Bedroom
$971/month
$1,058/month
Three Bedroom
$1,069/month
$1,380/month
Search
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Nearby City Rent Trends

  • Burkburnett Average Rent

Apartment communities in Wichita Falls we think you'll love

Camelot Apartments in Wichita Falls TX

Camelot Apartments in Wichita Falls TX

2202 Harrison St,
Wichita Falls, TX 76308

$949 - $1,915

Studio - 3 Beds

Maverick on Maurine Apartments

Maverick on Maurine Apartments

1200 Ridgeway Dr,
Wichita Falls, TX 76306

$765 - $1,025

1-3 Beds

Fountaingate

Fountaingate

5210 Tower Dr,
Wichita Falls, TX 76310

$650 - $1,100

1-3 Beds

Alamo School Lofts

Alamo School Lofts

1912 11th St,
Wichita Falls, TX 76301

$846 - $989

1 Bed

Property Management Companies in Wichita Falls, TX

National Property Management Associates, Inc.
National Property Management Associates, Inc.
  • 53

    Communities

  • 8,778

    Units

  • 34

    Cities

3 Communities in Wichita Falls
Tarantino
Tarantino
  • 91

    Communities

  • 18,071

    Units

  • 44

    Cities

2 Communities in Wichita Falls
Haley Communities
Haley Communities
  • 40

    Communities

  • 8,319

    Units

  • 33

    Cities

2 Communities in Wichita Falls
Eucalyptus Real Estate
Eucalyptus Real Estate
  • 61

    Communities

  • 10,645

    Units

  • 11

    Cities

2 Communities in Wichita Falls
Monarch Investment and Management Group
Monarch Investment and Management Group
  • 316

    Communities

  • 77,313

    Units

  • 143

    Cities

1 Community in Wichita Falls
FDI Management Group
FDI Management Group
  • 59

    Communities

  • 5,521

    Units

  • 45

    Cities

1 Community in Wichita Falls
United Apartment Group
United Apartment Group
  • 59

    Communities

  • 13,118

    Units

  • 29

    Cities

1 Community in Wichita Falls
Preiss
Preiss
  • 45

    Communities

  • 9,310

    Units

  • 27

    Cities

1 Community in Wichita Falls

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United States Texas Wichita Falls 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