Property prices for rent in Odessa (Texas)

The rent prices in real estate in Odessa, in the Texas region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,225.33
Average price last 6 months
$5.13
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Odessa has had a strong fall during the last 6 months. In March, the average price per sq.feet was $11.87. In April this price barely changed remaining at $11.79 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 34 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $6.58 to $2.22 during July, and August.

Average price

When referring to the price in Odessa (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $1,280. In April This price remains at $1,246. In the following two months the average price has hardly changed with regard to the previous two months from $1,263 to $1,254.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,258.75 to $1,158.5 in July and August.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,078 they are 18 % more affordable than the average price for Odessa . The properties with the highest average price have 4 bedrooms, Their price is 149 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,700.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.18 / sq.feet, with an average $1.24 / sq.feet price in Odessa. The properties with the most expensive average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $1.33 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,078 it is 0 % more affordable than the average price in Odessa. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,507 it is 42 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.16 / sq.feet followed by "Apartment" priced at $1.93 / sq.feet. "Apartment" is the most expensive type of property with a $1.93 / sq.feet value followed by "House" with an average price of $1.16 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Odessa
Number of properties used in region Texas
$1,078
$1.24
1,480
733,532
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value