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City Report · TX

Terrell

Pop. 20,366·119th most expensive in Texas·Rental market data updated monthly for Terrell, TX
Median rent (all units)
$1,713/mo
Year-over-Year
-2.3%
Month-over-Month
+4.1%
vs US Median
-$249
Rising (Monthly)
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Most AffordableMost Expensive
Terrell · $1,713
More affordable than 60% of US cities · National median $1,962/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $1,713/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$69,000/yr
Local median income
$65,842/yr
Based on the 30%-of-income rule using Terrell's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,320
2 BR
$1,550
3 BR
$1,940
4 BR+
$2,490
Fair Market Rent (HUD)
$1,550/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,713 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
$20,556/yr
At $1,713/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-2.3% YoY, +4.1% MoM), not inventory.
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Demographics

Who lives here

Terrell, TX is majority owner-occupied, has a large share of families with children, has a median income below the national average, 15.8% of residents hold a bachelor's degree or higher.

Population
20,366
Median income
$65,842
Median age
32.6
Renters
41.3%
Age distribution
29.2%
24.6%
22.3%
12.8%
Under 1829.2%
18–3424.6%
35–5422.3%
55–6411.2%
65+12.8%
Gender
44.8%
55.2%
Male44.8%
Female55.2%
Race & ethnicity
42.1%
23.9%
35.5%
White42.1%
Black23.9%
Hispanic35.5%
Education (25+)
20.6%
33.1%
30.5%
15.8%
No HS diploma20.6%
HS diploma33.1%
Some college30.5%
Bachelor's+15.8%
Housing tenure
58.7%
41.3%
Owner58.7%
Renter41.3%

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

2021 vs 2026

How Terrell, TX has changed in 5 years

Income
$57,904 → $65,842
up 13.7%
Population
17,083 → 20,366
up 19.2%
Renter share
42% → 41.3%
-0.7 pts
Bachelor's+
17.1% → 15.8%
-1.3 pts
Median age
34.4 → 32.6
-1.8 yrs

Local incomes tracked alongside that move, going from a median of $57,904 in 2021 to $65,842 more recently. Census counts show Terrell, TX adding about 3,283 residents over the five-year window, up 19.2% on net.

Community

Discussions about Terrell

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

Can you afford rent in Terrell on your salary?

At $1,713/mo, how Terrell rent compares to typical pay (30% rule).

By apartment size

Terrell rent by bedroom count

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

Local insights

Tips for renters in Terrell

About renting in Terrell, TX

Last updated: August 17, 2026

The median rent in Terrell is $1,713/mo as of August 2026. A studio apartment averages $1,260/mo while a 2-bedroom runs $1,550/mo. One-bedroom apartments average $1,320/mo and 3-bedroom units go for $1,940/mo.

At 31% of local median household income ($65,842/yr), Terrell ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.3% over the past year.

FAQ

Frequently asked questions

Is Terrell an affordable city for renters?

Terrell is considered moderate for renters. At $1,713/mo, rent takes approximately 31% of the local median household income ($65,842/yr). The standard benchmark is 30%. Terrell slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Terrell?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,713/mo in Terrell. The local median household income is $65,842/yr, meaning the typical Terrell household falls short of that threshold.

Is rent going up or down in Terrell?

Rent in Terrell has decreased 2.3% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Terrell rent compare to other cities in Texas?

Terrell is middle-of-the-pack for Texas for rent, ranking #119 out of 267 tracked cities at $1,713/mo.

What percentage of Terrell residents rent vs. own?

According to Census data, approximately 41.3% of Terrell households are renters, while 58.7% are owner-occupied. Terrell leans toward homeownership, which can mean a smaller rental inventory.

How does Terrell rent compare to the national average?

Terrell's median rent of $1,713/mo is $249 (13%) below the US national median of $1,962/mo. Within Texas, it ranks #119 out of 267 tracked cities.
Income Affordability
31%
MODERATE

At $1,713/mo, rent takes ~31% of Terrell's median household income ($65,842/yr). The standard benchmark is 30%.

Terrell 31%Benchmark 30%
State income taxNone
Run the Terrell affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Terrell, TX

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