The rental market in McAllen, TX has seen significant growth in recent years and continues to be a popular destination for renters. Located in the Rio Grande Valley, McAllen is the largest city in the county and the second largest in the state. It offers a diverse culture, vibrant nightlife, and a relatively low cost of living.
McAllen is home to some of the top schools in the state, including McAllen High School, which is ranked in the top 10 percent of all schools in Texas. The school district also offers a variety of magnet programs and is focused on providing students with a well-rounded education.
The city is divided into several distinct neighborhoods, each with its own unique character. Some of the most popular neighborhoods include North McAllen, which is located close to the downtown area and offers a variety of restaurants, shops, and entertainment. Other popular neighborhoods include South McAllen and West McAllen, both of which offer a variety of housing options from single family homes to apartments and townhouses.
Rental prices in McAllen vary widely depending on the neighborhood and property type. In general, apartments and townhouses tend to be the most affordable, with prices ranging from $600 to $1,200 per month
The average rental price of an apartment in McAllen, TX is $1,072, townhouse is $1,235, condo is $1,323, loft is $1,188, and single family home is $1,440.
Rental prices in McAllen, TX have seen an overall increase over the past five years. According to Zillow, the median rent for a one-bedroom apartment in McAllen in April 2020 was $895, which is 8.6% higher than the median rent in April 2015 of $824. The median rent for a two-bedroom apartment also increased over the past five years, from $989 in April 2015 to $1,095 in April 2020, representing an 11.1% increase.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in McAllen, TX are:
1-Bedroom: $800
2-Bedroom: $950
3-Bedroom: $1,100
School districts in McAllen, Texas are generally well-funded and offer a high quality of education. The McAllen Independent School District, for example, has a graduation rate of 96%, which is significantly higher than the national average of 83%. McAllen also has a higher percentage of students who are proficient in mathematics and reading than the national average. Additionally, the district spends $11,490 per student, which is above the national average of $11,392.
1. North McAllen
2. Sharyland
3. La Vista
4. Quail Creek
5. South McAllen
1. Sharyland Plantation
2. North McAllen
3. North Sharyland
4. La Homa
5. Bentsen Palm Drive