City Report · TX

Katy

Pop. 25,184·65th most expensive in Texas·Rental market data updated monthly for Katy, TX
Median rent (all units)
$1,935/mo
Year-over-Year
+0.7%
Month-over-Month
+2.6%
vs US Median
-$30
Rising (Monthly)
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Most AffordableMost Expensive
Katy · $1,935
More expensive than 55% of US cities · National median $1,965/mo
Rent Reality Score
59/100
Fairly priced
OverheatedFairGreat value

Rents are 5% below what Katy's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,935/mo
Expected by trend
$2,031/mo
The Rent Reality Score compares today's median rent to where Katy's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,633
1 BR
$1,703
2 BR
$2,035
3 BR
$2,713
4 BR+
$3,418
Research median
$2,035/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,220/yr
At $1,935/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.7% YoY, +2.6% MoM), not inventory.
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Demographics

Who lives here

Katy, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 48.8% of residents hold a bachelor's degree or higher.

Population
25,184
Median income
$114,912
Median age
37.6
Renters
19.3%
Age distribution
28.4%
18.5%
29.4%
12.7%
Under 1828.4%
18–3418.5%
35–5429.4%
55–6412.7%
65+11.1%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
44.9%
29.8%
White44.9%
Black11.2%
Hispanic29.8%
Asian11.6%
Other2.6%
Education (25+)
18.7%
23.7%
48.8%
No HS diploma8.8%
HS diploma18.7%
Some college23.7%
Bachelor's+48.8%
Housing tenure
80.7%
19.3%
Owner80.7%
Renter19.3%

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

2021 vs 2026

How Katy, TX has changed in 5 years

Rent
$1,550 → $1,935
up 24.8%
Income
$115,250 → $114,912
down 0.3%
Population
21,926 → 25,184
up 14.9%
Renter share
17.8% → 19.3%
+1.5 pts
Bachelor's+
46.7% → 48.8%
+2.1 pts
Median age
39.7 → 37.6
-2.1 yrs

The median rent in Katy, TX stood at $1,550 in 2021 and currently runs about $1,935, reflecting a 24.8% increase over the period. Median household income slipped from $115,250 to $114,912 between 2021 and 2024, a 0.3% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 14.9% since 2021, moving from about 21,926 residents to roughly 25,184. Renters now make up 19.3% of households, compared with 17.8% five years ago. College-educated residents now make up 48.8% of adults here, versus 46.7% in 2021. Taken together, the five-year picture in Katy, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Katy rent history (2015–2026) →
Salary vs rent

Can you afford rent in Katy on your salary?

At $1,935/mo, how Katy rent compares to typical pay (30% rule).

By apartment size

Katy rent by bedroom count

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

Local insights

Tips for renters in Katy

About renting in Katy, TX

Last updated: July 20, 2026

The median rent in Katy is $1,935/mo as of July 2026. A studio apartment averages $1,633/mo while a 2-bedroom runs $2,035/mo. One-bedroom apartments average $1,703/mo and 3-bedroom units go for $2,713/mo.

At 20% of local median household income ($114,912/yr), Katy ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

Is Katy an affordable city for renters?

Katy is considered very affordable for renters. At $1,935/mo, rent takes approximately 20% of the local median household income ($114,912/yr). The standard benchmark is 30%. Katy falls comfortably within that range.

How much income do you need to rent in Katy?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,935/mo in Katy. The local median household income is $114,912/yr, meaning the typical Katy household meets that threshold.

Is rent going up or down in Katy?

Rent in Katy has increased 0.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Katy neighborhoods have the lowest rent?

The most affordable ZIP codes in Katy are 77450 ($1,713/mo), 77449 ($1,792/mo), and 77494 ($1,840/mo). Citywide, the median rent in Katy is $1,935/mo.

How does Katy rent compare to other cities in Texas?

Katy is one of the pricier cities in Texas for rent, ranking #65 out of 269 tracked cities at $1,935/mo.

Which nearby cities are cheaper to rent in than Katy?

Several nearby cities have lower median rents than Katy ($1,935/mo): Pecan Grove ($1,648/mo), Richmond ($1,788/mo).

What percentage of Katy residents rent vs. own?

According to Census data, approximately 19.3% of Katy households are renters, while 80.7% are owner-occupied. Katy leans toward homeownership, which can mean a smaller rental inventory.

How does Katy rent compare to the national average?

Katy's median rent of $1,935/mo is $30 (2%) below the US national median of $1,965/mo. Within Texas, it ranks #65 out of 269 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,935/mo, rent takes ~20% of Katy's median household income ($114,912/yr). The standard benchmark is 30%.

Katy 20%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Katy, TX

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