San Antonio multifamily market, October 2026

Renters have the edge in San Antonio, and it is recovering: asking rents are down 1.7% on a year, while jobs grew 0.4%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

-1.7%

Asking rent, year over year

Zillow · September 2026

+0.4%

Jobs, year over year

BLS · September 2026, preliminary

9.5%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are down 1.7% on a year to September 2026, which is the figure the condition is read from. Jobs are up 0.4% over the same year to September 2026, a first release the BLS revises the following month. Asking rents are still below last year, but falling less than they were three months ago (September 2026).

The backdrop

These are yearly Census counts, not this month's: 9.5% of rentals sat empty in 2024, permits for new apartments were down 51% in 2025, more people moved in than out in 2025, and the typical rent was $1,422 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about San Antonio

Answered from the data, updated October 31, 2026

Is the San Antonio rental market tight or soft right now?

In San Antonio right now, renters have the edge, and it is recovering.

Which way is the San Antonio market heading?

San Antonio is recovering right now, as asking rents ease over the past year (Zillow ZORI, monthly).

Is San Antonio a landlord's or a renter's market?

San Antonio is a renter's market right now: renters have the edge, and it is recovering.

What is the vacancy rate in San Antonio?

Vacancy in San Antonio is 9.5% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have San Antonio rents changed?

Asking rents in San Antonio are down 1.7% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Renters find more options as Texas rental market shiftsSpectrum News

High housing costs cut into Texans’ income gains in 2025, new Census data showsThe Texas Tribune

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Nord Group under fire as lender lawsuits pile upTRD Texas

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How United Apartment Group plans to hit 50k units under managementMultifamily Dive

See all San Antonio news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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