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Rental Market Trends in Wichita Falls, TX

Updated July 2026

The average rent in Wichita Falls, TX is $829/month.

Rent in Wichita Falls is 50% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$829/month

Average Rent

700 Sq Ft

Average Size

+2.8%

Change / Year

595

Available Apartments

Wichita Falls rent varies by unit size and layout:

  • Studio apartments in Wichita Falls average $655 per month.
  • One-bedroom apartments in Wichita Falls average $829 per month.
  • Two-bedroom apartments in Wichita Falls average $1,017 per month.
  • Three-bedroom apartments in Wichita Falls average $1,142 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$655/month
508 Sq Ft
One Bedroom
$829/month
700 Sq Ft
Two Bedroom
$1,017/month
960 Sq Ft
Three Bedroom
$1,142/month
1,215 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$733/month
647 Sq Ft
Two Bedroom
$1,145/month
1,008 Sq Ft
Three Bedroom
$1,602/month
1,349 Sq Ft
Four Bedroom
$2,490/month
2,201 Sq Ft
View Wichita Falls Apartments

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

In the past year, rent has increased by 2.8%, which averages out to $23 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Wichita Falls, TX

July 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Wichita Falls, TX
Percentage*
Rent Range
19% Below $700/month
58% $700 - $1,000/month
19% $1,001 - $1,500/month
2% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Wichita Falls?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Wichita Falls
$805/month
751 Sq Ft
Southwest Wichita Falls
$827/month
676 Sq Ft

What are the most expensive neighborhoods in Wichita Falls?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Southwest Wichita Falls
$827/month
676 Sq Ft
West Wichita Falls
$805/month
751 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
$827/month
676 Sq Ft
West Wichita Falls
$805/month
751 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 $829, you’ll want to make about $2,763 per month or $33,156 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 10.0% lower than the national average. Generally, housing in Wichita Falls is 34.6% less expensive than the national average, with rent falling between $655 - $1,142. You can expect to pay 3.0% less for groceries, 3.1% more for utilities, and 14.3% less for transportation.

City

Wichita Falls, TX

595 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.

View the Wichita Falls Area Guide

Apartment Averages

West Wichita Falls

Wichita Falls, TX

Southwest Wichita Falls

Wichita Falls, TX

Studio
$680/month
$641/month
One Bedroom
$818/month
$824/month
Two Bedroom
$1,075/month
$997/month
Three Bedroom
$1,398/month
$1,133/month
View Rentals
View Rentals

Apartment Communities in Wichita Falls We Think You'll Love

The Maverick on Seymour

The Maverick on Seymour

3706 Seymour Rd,
Wichita Falls, TX 76309

1-3 Beds | $942 - $1,417

Waterford Glen

Waterford Glen

4201 Cedar Elm Ln,
Wichita Falls, TX 76308

1-4 Beds | $700 - $1,407

Camelot Apartments in Wichita Falls TX

Camelot Apartments in Wichita Falls TX

2202 Harrison St,
Wichita Falls, TX 76308

Studio - 3 Beds | $877 - $1,150

Maverick on Maurine Apartments

Maverick on Maurine Apartments

1200 Ridgeway Dr,
Wichita Falls, TX 76306

1-3 Beds | $765 - $1,025

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Frequently Asked Questions

What is the average rent in Wichita Falls?

The average rent in Wichita Falls is $829 per month, which is 50.2% lower than the national average of $1,663.

What is the average rent for a house in Wichita Falls?

The average rent for a house in Wichita Falls, TX is $1,602 per month.

Are rents going up or down in Wichita Falls?

Rents in Wichita Falls, TX are increasing, with prices up 2.8% year-over-year and $23 more per month.

What rent range is most common in Wichita Falls?

In Wichita Falls, TX, 58% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity