Average Rent in Midland, TX↑ Rents rising 0.8% YoY🔺 3rd priciest in TX

Midland, TX has rental prices ranging from $1,335/month to $2,401/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,408/month, near the national average. With a median household income of $93,442/year, spending $1,408/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Midland Compares

With an average 2-bedroom rent of $1,794/month, Midland ranks #3 most expensive of the 226 cities tracked in Texas — pricier than 95% of all US cities in our data.

The Midland Rental Market

The Midland, TX area has a population of about 176,726 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 Midland, TX have risen by $14/month (0.8%) over the past year, from $1,780 to $1,794. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Midland, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $56,320. The local median household income of $93,442 exceeds that threshold by $37,122, making Midland relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Midland, TX is $328,375, giving a price-to-rent ratio of 15.3. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Midland's neighborhoods. Among the highest-value areas are Greenwood ($188,910 median home value), East Midland ($198,013 median home value), Parklea ($202,255 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 Midland, TX Affordable?

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

Rent or Buy in Midland?

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

Living in Midland

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