City Report · TX

Laredo

Pop. 257,619·227th most expensive in Texas·One of the most affordable rental markets in the US
Median rent (all units)
$1,331/mo
Year-over-Year
-1.3%
Month-over-Month
-2.8%
vs US Median
-$634
Falling (Monthly)
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Most AffordableMost Expensive
Laredo · $1,331
More affordable than 86% of US cities · National median $1,965/mo
Rent Reality Score
65/100
Good value
OverheatedFairGreat value

Rents are 8% below what Laredo's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,331/mo
Expected by trend
$1,439/mo
The Rent Reality Score compares today's median rent to where Laredo's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,095
1 BR
$1,100
2 BR
$1,345
3 BR
$1,715
4 BR+
$1,785
Research median
$1,345/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
$15,972/yr
At $1,331/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.3% YoY, -2.8% MoM), not inventory.
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Demographics

Who lives here

Laredo, TX is majority owner-occupied, has a large share of families with children, has a median income below the national average, 22% of residents hold a bachelor's degree or higher.

Population
257,619
Median income
$63,915
Median age
29.9
Renters
35.9%
Age distribution
31.3%
25.6%
24%
Under 1831.3%
18–3425.6%
35–5424%
55–649.1%
65+10%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
20.6%
95.1%
White20.6%
Black0.5%
Hispanic95.1%
Asian0.5%
Education (25+)
28.3%
22.3%
27.4%
22%
No HS diploma28.3%
HS diploma22.3%
Some college27.4%
Bachelor's+22%
Housing tenure
64.1%
35.9%
Owner64.1%
Renter35.9%

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

2021 vs 2026

How Laredo, TX has changed in 5 years

Rent
$1,023 → $1,331
up 30.1%
Income
$55,603 → $63,915
up 14.9%
Population
254,697 → 257,619
up 1.1%
Renter share
37.8% → 35.9%
-1.9 pts
Bachelor's+
20% → 22%
+2.0 pts
Median age
29.1 → 29.9
+0.8 yrs

The median rent in Laredo, TX stood at $1,023 in 2021 and currently runs about $1,331, reflecting a 30.1% increase over the period. Census figures show median household income at $63,915 today, compared with $55,603 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.1% since 2021, moving from about 254,697 residents to roughly 257,619. Renters now make up 35.9% of households, compared with 37.8% five years ago. College-educated residents now make up 22% of adults here, versus 20% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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

Can you afford rent in Laredo on your salary?

At $1,331/mo, how Laredo rent compares to typical pay (30% rule).

By apartment size

Laredo rent by bedroom count

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

Local insights

Tips for renters in Laredo

About renting in Laredo, TX

Last updated: July 20, 2026

The median rent in Laredo is $1,331/mo as of July 2026. A studio apartment averages $1,095/mo while a 2-bedroom runs $1,345/mo. One-bedroom apartments average $1,100/mo and 3-bedroom units go for $1,715/mo.

At 25% of local median household income ($63,915/yr), Laredo ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.3% over the past year.

FAQ

Frequently asked questions

Is Laredo an affordable city for renters?

Laredo is considered affordable for renters. At $1,331/mo, rent takes approximately 25% of the local median household income ($63,915/yr). The standard benchmark is 30%. Laredo falls comfortably within that range.

How much income do you need to rent in Laredo?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,331/mo in Laredo. The local median household income is $63,915/yr, meaning the typical Laredo household meets that threshold.

Is rent going up or down in Laredo?

Rent in Laredo has decreased 1.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Laredo neighborhoods have the lowest rent?

The most affordable ZIP codes in Laredo are 78043 ($1,066/mo), and 78045 ($1,427/mo). Citywide, the median rent in Laredo is $1,331/mo.

How does Laredo rent compare to other cities in Texas?

Laredo is one of the more affordable cities in Texas for rent, ranking #227 out of 269 tracked cities at $1,331/mo.

Which nearby cities are cheaper to rent in than Laredo?

Several nearby cities have lower median rents than Laredo ($1,331/mo): Edinburg ($1,019/mo), Alton ($1,044/mo), Live Oak ($1,191/mo).

What percentage of Laredo residents rent vs. own?

According to Census data, approximately 35.9% of Laredo households are renters, while 64.1% are owner-occupied. Laredo leans toward homeownership, which can mean a smaller rental inventory.

How does Laredo rent compare to the national average?

Laredo's median rent of $1,331/mo is $634 (32%) below the US national median of $1,965/mo. Within Texas, it ranks #227 out of 269 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,331/mo, rent takes ~25% of Laredo's median household income ($63,915/yr). The standard benchmark is 30%.

Laredo 25%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Laredo
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Laredo, TX

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