Average Rent in McAllen, TX↓ Rents falling 4.1% YoY

McAllen, TX has rental prices ranging from $801/month to $1,439/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $806/month — 42% below the national average of $1,400/month. With a median household income of $52,281/year, spending $806/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How McAllen Compares

With an average 2-bedroom rent of $1,017/month, McAllen ranks #154 most expensive of the 226 cities tracked in Texas — pricier than 50% of all US cities in our data.

The McAllen Rental Market

The McAllen, TX area has a population of about 880,921 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in McAllen, TX have fallen by $43/month (4.1%) over the past year, from $1,060 to $1,017. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in McAllen, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,240. The local median household income of $52,281 exceeds that threshold by $20,041, making McAllen relatively accessible compared to local wages.

Rent vs. Buy

The median home value in McAllen, TX is $226,801, giving a price-to-rent ratio of 18.6. With a break-even horizon of approximately 19 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 McAllen's neighborhoods. Among the highest-value areas are La Paloma ($94,728 median home value), Colonia Hermosa ($110,548 median home value), Hammonds Addition ($117,986 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 McAllen, TX Affordable?

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

Rent or Buy in McAllen?

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

Living in McAllen

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