Average Rent in Laredo, TX↑ Rents rising 7.9% YoY🔺 34th priciest in TX

Laredo, TX has rental prices ranging from $953/month to $1,556/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $959/month — 31% below the national average of $1,400/month. With a median household income of $62,506/year, spending $959/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Laredo Compares

With an average 2-bedroom rent of $1,173/month, Laredo ranks #34 most expensive of the 220 cities tracked in Texas — pricier than 80% of all US cities in our data.

The Laredo Rental Market

The Laredo, TX area has a population of about 267,731 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Laredo, TX have risen by $86/month (7.9%) over the past year, from $1,087 to $1,173. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Laredo, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,360. The local median household income of $62,506 exceeds that threshold by $24,146, making Laredo relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Laredo, TX is $222,455, giving a price-to-rent ratio of 15.8. With a break-even horizon of approximately 16 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Laredo's neighborhoods. Among the highest-value areas are Paso Del Norte ($127,527 median home value), Colonia Los Angeles ($134,173 median home value), Calton Gardens ($134,932 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Laredo, TX Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Laredo?

Break-even analysis and mortgage estimates based on local market data.

Living in Laredo

Cost of living, job market, crime rates, and moving cost estimates.