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McAllen TX Apartment Market Read

Covers McAllen, Edinburg and Mission.
Current market read
Renter’s market
ConditionSoft
RentersLandlords
The yearly data reads a renter's market, and the monthly figures, asking rents and jobs are holding steady.
From public data. The situation now, not a forecast.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Nothing is pulling hard either way in the latest figures (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+1.4%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
8.2%2024 COUNT
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,024 a month
September 2026, ▲ up 1.0% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +3.7% · US avg +4.6%
Median rentCENSUS · 2024
$971/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2016 to 2024, no 2020, with Pro
In the news · McAllenNEWS · DAILY
No local coverage yet. Local press coverage varies by market, and we keep watching.
Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
SUPPLY
DEMAND
Jobs+1.4%
Migration 2025−1.4/1k
SUPPLY
Permits 2025-13%
Vacancy 20248.2%
Rent vs buyWEEKLY RATE · 2024 RENT
+$357/mo
Cheaper to rent than buying
rent $971 · own $1,328
$971
RENT
$1,328
OWN
Domestic migrationCENSUS · 2025
−1.4/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.