Texas Rental Market Update (March 2026): Rents Falling, Supply Rising
The Texas rental housing market is shifting—and fast. Are rents going down in Texas?
After years of aggressive rent growth, new data shows that rents are now declining across many major markets, including Dallas–Fort Worth and Austin.
Rents Hit a Four-Year Low
The Texas rental market 2026 - Specifically the Dallas rental market trends, including the Fort Worth rental market, are softening.
According to recent data from Realtor.com, the national median asking rent dropped to $1,667 in February 2026, marking:
- A four-year low
- 30 consecutive months of year-over-year declines
- A 5.1% drop from peak rental pricing in 2022
Two-bedroom units are leading the decline, signaling increased competition in the most common rental segment.
What the Data Shows
Texas Markets Are Splitting
Not all markets are reacting the same:
- Austin: Down approximately 18% from peak
- Dallas–Fort Worth: Seeing moderate declines (~2–3%)
- Other cities remain near all-time highs
This highlights a rebalancing market, not a collapse.
If relocating or moving to DFW, a licensed apartment locator in Dallas Fort Worth is imperative. Most locators will not charge you - but get paid by the properties.
Why This Is Happening
1. Massive Supply Increase
Developers are building at a historic pace.
- ~96,000 new multifamily units started in late 2025
- ~95% focused on rental housing
The market is clearly shifting toward a “renter nation”
