$1,395 Per Month
- 2 Beds
- 1 Bath
- 909 Sq Ft
- Condo for Rent
5000 Milwee St Unit 74, Houston, TX 77092
5000 Milwee St Unit 74, Houston, TX 77092
Frequently Asked Questions
How much does it cost to rent a condo in Houston, TX?
The median rent for a condo in Houston, TX is $1,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Houston, TX?
To comfortably afford the median rent in Houston, TX, a household needs to earn roughly $80,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,000 per month in Houston, TX, renters typically need to show $6,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Houston, TX?
In Houston, TX, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Houston, TX are best for renting a condo?
The best neighborhood for renting in Houston, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Washington Avenue Coalition, Memorial Heights, Montrose, Greater Heights and Midtown, each with its own character and price range.
