San Antonio, December 16, 2025
Apartment rents in San Antonio have seen a decrease of 0.7% in November 2025, driven by a significant rise in new rental units entering the market. A notable oversupply has shifted the market dynamics, resulting in increased vacancy rates. Despite a steady completion of new multifamily units, the absorption rate continues to lag, prompting property owners to offer concessions and incentives to attract tenants. Current rental market statistics indicate a downward trend in prices, particularly for smaller units, raising questions about the future stability of the rental market.
San Antonio Apartment Rents Decline Amid Surge in New Units
San Antonio, Texas – Apartment rents in San Antonio have experienced a 0.7% decrease in November 2025, attributed to a significant influx of new rental units into the market. This trend marks a shift from the previous year, where rents had been on a gradual decline.
Impact of New Construction on Rental Rates
The recent surge in apartment construction has led to an oversupply, contributing to the drop in rental prices. In the first half of 2025, San Antonio saw the completion of 5,404 multifamily units, with an additional 7,865 units under construction. Despite this growth, the market’s absorption rate has been slower, with only 4,231 units occupied during the same period. This imbalance has resulted in increased vacancy rates and prompted landlords to offer concessions to attract tenants.
Current Rental Market Statistics
As of November 2025, the average rent for an apartment in San Antonio is $1,274, reflecting a 1.3% decrease compared to the previous year. The breakdown of average rents by apartment size is as follows:
- Studio Apartments: $899
- 1-Bedroom Apartments: $1,096
- 2-Bedroom Apartments: $1,400
- 3-Bedroom Apartments: $1,824
These figures indicate a notable reduction in rental prices, particularly for smaller units.
Future Outlook for San Antonio’s Rental Market
While the current market presents challenges for property owners due to increased vacancies and declining rents, the slowdown in new construction is expected to help balance supply and demand. This adjustment may lead to a more stable rental market in the coming years.
Frequently Asked Questions (FAQ)
What is the current average rent in San Antonio?
As of November 2025, the average rent for an apartment in San Antonio is $1,274, reflecting a 1.3% decrease compared to the previous year.
How has the influx of new apartments affected rental prices?
The surge in new apartment construction has led to an oversupply, contributing to a 0.7% decrease in rental prices in November 2025.
What is the current vacancy rate in San Antonio’s rental market?
As of mid-2025, the vacancy rate in San Antonio’s multifamily market rose to 14.0%, up from 13.5% at the end of 2024.
How are landlords responding to increased vacancies?
To attract tenants, landlords are offering concessions such as free rent periods and reduced fees, aiming to fill vacancies amid the oversupply.
What is the outlook for San Antonio’s rental market?
The slowdown in new apartment construction is expected to help balance supply and demand, potentially leading to a more stable rental market in the coming years.
Key Features of San Antonio’s Rental Market
| Feature | Details |
|---|---|
| Average Rent | $1,274 as of November 2025, a 1.3% decrease from the previous year. |
| Studio Apartments | $899 average rent. |
| 1-Bedroom Apartments | $1,096 average rent. |
| 2-Bedroom Apartments | $1,400 average rent. |
| 3-Bedroom Apartments | $1,824 average rent. |
| Vacancy Rate | 14.0% as of mid-2025, up from 13.5% at the end of 2024. |
| Concessions Offered | Landlords are providing incentives like free rent periods and reduced fees to attract tenants. |
| Construction Activity | 5,404 multifamily units completed in the first half of 2025, with an additional 7,865 units under construction. |
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