Rents are 4% below what Magnolia's 10-year trend predicts — a better deal than its own history suggests.
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 $1,884 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
Magnolia, TX is majority owner-occupied, skews toward younger working-age adults, 26.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Magnolia, TX has changed in 5 years
Since 2022, the typical rent in Magnolia, TX has climbed from $1,593 to $1,884, a 18.3% change over five years. Median household income rose from $63,661 to $78,605 between 2021 and 2024, a 23.5% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 76.6% since 2021, moving from about 2,303 residents to roughly 4,068. Renters now make up 35.9% of households, compared with 42.4% five years ago. Taken together, the five-year picture in Magnolia, 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.
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Can you afford rent in Magnolia on your salary?
At $1,884/mo, how Magnolia rent compares to typical pay (30% rule).
Magnolia rent by bedroom count
Median rent for each apartment size in Magnolia. Click any size for full breakdown.
Tips for renters in Magnolia
Last updated: August 17, 2026
The median rent in Magnolia is $1,884/mo as of August 2026. A studio apartment averages $1,220/mo while a 2-bedroom runs $1,520/mo. One-bedroom apartments average $1,270/mo and 3-bedroom units go for $2,030/mo.
At 29% of local median household income ($78,605/yr), Magnolia ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.
Frequently asked questions
Is Magnolia an affordable city for renters?
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Is rent going up or down in Magnolia?
How does Magnolia rent compare to other cities in Texas?
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What percentage of Magnolia residents rent vs. own?
How does Magnolia rent compare to the national average?
At $1,884/mo, rent takes ~29% of Magnolia's median household income ($78,605/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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