$845 Per Month
- 1 Bed
- 1 Bath
- 656 Sq Ft
- Townhouse for Rent
1240 Honor Ln, Temple, TX 76501
1240 Honor Ln, Temple, TX 76501
Frequently Asked Questions
How much does it cost to rent a townhouse in Temple, TX?
The median rent for a townhouse in Temple, TX is $1,395 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 Temple, TX?
To comfortably afford the median rent in Temple, TX, a household needs to earn roughly $67,000 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 $1,675 per month in Temple, TX, renters typically need to show $5,025 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 Temple, TX?
In Temple, TX, the price-to-rent ratio is 13.4, 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 Temple, TX are best for renting a townhouse?
The best neighborhood for renting in Temple, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include West Temple and South Temple, each with its own character and price range.
