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City Report · TX

Big Spring

Pop. 23,975·247th most expensive in Texas·Big Spring rents are up 7.3% over the past year
Median rent (all units)
$1,233/mo
Year-over-Year
+7.3%
Month-over-Month
-8.0%
vs US Median
-$729
Falling (Monthly)
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Most AffordableMost Expensive
Big Spring · $1,233
More affordable than 91% of US cities · National median $1,962/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,233/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$49,000/yr
Local median income
$67,581/yr
Based on the 30%-of-income rule using Big Spring's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$880
2 BR
$1,130
3 BR
$1,360
4 BR+
$1,690
Fair Market Rent (HUD)
$1,130/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,233 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$14,796/yr
At $1,233/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+7.3% YoY, -8.0% MoM), not inventory.
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Demographics

Who lives here

Big Spring, TX is majority owner-occupied, 12.8% of residents hold a bachelor's degree or higher.

Population
23,975
Median income
$67,581
Median age
36.4
Renters
35.3%
Age distribution
20.2%
26.5%
30.4%
12.1%
Under 1820.2%
18–3426.5%
35–5430.4%
55–6410.8%
65+12.1%
Gender
57.1%
42.9%
Male57.1%
Female42.9%
Race & ethnicity
57.9%
53.2%
White57.9%
Black6.3%
Hispanic53.2%
Asian1.7%
Education (25+)
21%
34.6%
31.6%
12.8%
No HS diploma21%
HS diploma34.6%
Some college31.6%
Bachelor's+12.8%
Housing tenure
64.7%
35.3%
Owner64.7%
Renter35.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Big Spring, TX has changed in 5 years

Income
$58,966 → $67,581
up 14.6%
Population
26,199 → 23,975
down 8.5%
Renter share
38.2% → 35.3%
-2.9 pts
Bachelor's+
11.9% → 12.8%
+0.9 pts

Household income in the area moved from $58,966 to $67,581 across the same window, up 14.6% versus 2021. The population has contracted by 8.5% since 2021, moving from about 26,199 residents to roughly 23,975. Renters now make up 35.3% of households, compared with 38.2% five years ago.

Community

Discussions about Big Spring

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View Big Spring rent history (2015–2026) →
Salary vs rent

Can you afford rent in Big Spring on your salary?

At $1,233/mo, how Big Spring rent compares to typical pay (30% rule).

By apartment size

Big Spring rent by bedroom count

Median rent for each apartment size in Big Spring. Click any size for full breakdown.

Local insights

Tips for renters in Big Spring

About renting in Big Spring, TX

Last updated: August 17, 2026

The median rent in Big Spring is $1,233/mo as of August 2026. A studio apartment averages $880/mo while a 2-bedroom runs $1,130/mo. One-bedroom apartments average $880/mo and 3-bedroom units go for $1,360/mo.

At 22% of local median household income ($67,581/yr), Big Spring ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

Is Big Spring an affordable city for renters?

Big Spring is considered very affordable for renters. At $1,233/mo, rent takes approximately 22% of the local median household income ($67,581/yr). The standard benchmark is 30%. Big Spring falls comfortably within that range.

How much income do you need to rent in Big Spring?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,233/mo in Big Spring. The local median household income is $67,581/yr, meaning the typical Big Spring household meets that threshold.

Is rent going up or down in Big Spring?

Rent in Big Spring has increased 7.3% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Big Spring rent compare to other cities in Texas?

Big Spring is one of the more affordable cities in Texas for rent, ranking #247 out of 267 tracked cities at $1,233/mo.

What percentage of Big Spring residents rent vs. own?

According to Census data, approximately 35.3% of Big Spring households are renters, while 64.7% are owner-occupied. Big Spring leans toward homeownership, which can mean a smaller rental inventory.

How does Big Spring rent compare to the national average?

Big Spring's median rent of $1,233/mo is $729 (37%) below the US national median of $1,962/mo. Within Texas, it ranks #247 out of 267 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,233/mo, rent takes ~22% of Big Spring's median household income ($67,581/yr). The standard benchmark is 30%.

Big Spring 22%Benchmark 30%
State income taxNone
Run the Big Spring affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Big Spring, TX

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