$2,850 Per Month
- 3 Beds
- 2 Baths
- 1,633 Sq Ft
- House for Rent
1321 Hogback Way, Midland, TX 79707
1321 Hogback Way, Midland, TX 79707
Frequently Asked Questions
How much does it cost to rent a home in Midland, TX?
The median rent for a home in Midland, TX is $2,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Midland, TX?
To comfortably afford the median rent in Midland, TX, a household needs to earn roughly $100,000 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 $2,500 per month in Midland, TX, renters typically need to show $7,500 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 Midland, TX?
In Midland, TX, the price-to-rent ratio is 13.1, 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 Midland, TX are best for renting a home?
The best neighborhood for renting in Midland, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northgate, Fairmont Park, Wydewood, Crestgate and Grassland Estates, each with its own character and price range.
