Rents are right about where Amarillo's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,277 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Amarillo, TX is majority owner-occupied, has a large share of families with children, has a median income below the national average, 26.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Amarillo, TX has changed in 5 years
Rent in Amarillo, TX has increased 25.0% since 2021, going from about $1,022 per month to roughly $1,277 today. On the earnings side, the typical household in Amarillo, TX now reports about $65,912, up from $55,174 in 2021. Rent outpaced income growth by roughly 5.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 24.3% to 26.6%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Amarillo, TX reflects that arc in its own way.
Discussions about Amarillo
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Can you afford rent in Amarillo on your salary?
At $1,277/mo, how Amarillo rent compares to typical pay (30% rule).
Amarillo rent by bedroom count
Median rent for each apartment size in Amarillo. Click any size for full breakdown.
Tips for renters in Amarillo
Last updated: August 17, 2026
The median rent in Amarillo is $1,277/mo as of August 2026. A studio apartment averages $860/mo while a 2-bedroom runs $1,226/mo. One-bedroom apartments average $1,007/mo and 3-bedroom units go for $1,684/mo.
At 23% of local median household income ($65,912/yr), Amarillo ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.
Frequently asked questions
Is Amarillo an affordable city for renters?
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Which Amarillo neighborhoods have the lowest rent?
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What percentage of Amarillo residents rent vs. own?
How does Amarillo rent compare to the national average?
At $1,277/mo, rent takes ~23% of Amarillo's median household income ($65,912/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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