Rents are right about where Wichita Falls's 10-year trend predicts.
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 $1,318 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
Wichita Falls, TX is majority owner-occupied, has a median income below the national average, 25.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Wichita Falls, TX has changed in 5 years
The median rent in Wichita Falls, TX stood at $922 in 2021 and currently runs about $1,318, reflecting a 43.0% increase over the period. Census figures show median household income at $60,177 today, compared with $50,856 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 25.4% of adults here, versus 23.2% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Wichita Falls on your salary?
At $1,318/mo, how Wichita Falls rent compares to typical pay (30% rule).
Wichita Falls rent by bedroom count
Median rent for each apartment size in Wichita Falls. Click any size for full breakdown.
Tips for renters in Wichita Falls
Last updated: August 17, 2026
The median rent in Wichita Falls is $1,318/mo as of August 2026. A studio apartment averages $832/mo while a 2-bedroom runs $1,108/mo. One-bedroom apartments average $902/mo and 3-bedroom units go for $1,515/mo.
At 26% of local median household income ($60,177/yr), Wichita Falls ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.8% over the past year.
Frequently asked questions
Is Wichita Falls an affordable city for renters?
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Which Wichita Falls neighborhoods have the lowest rent?
How does Wichita Falls rent compare to other cities in Texas?
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What percentage of Wichita Falls residents rent vs. own?
How does Wichita Falls rent compare to the national average?
At $1,318/mo, rent takes ~26% of Wichita Falls's median household income ($60,177/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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