$1,130 Per Month
- 2 Beds
- 2 Baths
- 1,150 Sq Ft
- Apartment for Rent
1418 S Iris St Unit 3, Pharr, TX 78577
1418 S Iris St Unit 3, Pharr, TX 78577
Frequently Asked Questions
How much does it cost to rent a home in Pharr, TX?
The median rent for a home in Pharr, TX is $1,150 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Pharr, TX?
To comfortably afford the median rent in Pharr, TX, a household needs to earn roughly $46,000 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 $1,150 per month in Pharr, TX, renters typically need to show $3,450 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 Pharr, TX?
In Pharr, TX, the price-to-rent ratio is 14.5, 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.
