City Report · TX

Wichita Falls

Pop. 102,581·241st most expensive in Texas·Wichita Falls rents are up 7.4% over the past year
Median rent (all units)
$1,279/mo
Year-over-Year
+7.4%
Month-over-Month
+2.7%
vs US Median
-$686
Rising (Monthly)
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Most AffordableMost Expensive
Wichita Falls · $1,279
More affordable than 89% of US cities · National median $1,965/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Wichita Falls's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,279/mo
Expected by trend
$1,326/mo
The Rent Reality Score compares today's median rent to where Wichita Falls's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$832
1 BR
$902
2 BR
$1,108
3 BR
$1,515
4 BR+
$1,717
Research median
$1,108/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
$15,348/yr
At $1,279/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.4% YoY, +2.7% MoM), not inventory.
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Demographics

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.

Population
102,581
Median income
$60,177
Median age
33.8
Renters
43.6%
Age distribution
22.3%
29.4%
23.1%
14.5%
Under 1822.3%
18–3429.4%
35–5423.1%
55–6410.8%
65+14.5%
Gender
52.4%
47.6%
Male52.4%
Female47.6%
Race & ethnicity
66.6%
13.1%
23.2%
White66.6%
Black13.1%
Hispanic23.2%
Asian2.7%
Education (25+)
13.6%
30.2%
30.8%
25.4%
No HS diploma13.6%
HS diploma30.2%
Some college30.8%
Bachelor's+25.4%
Housing tenure
56.4%
43.6%
Owner56.4%
Renter43.6%

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

2021 vs 2026

How Wichita Falls, TX has changed in 5 years

Rent
$922 → $1,279
up 38.7%
Income
$50,856 → $60,177
up 18.3%
Population
102,563 → 102,581
up 0.0%
Renter share
43.1% → 43.6%
+0.5 pts
Bachelor's+
23.2% → 25.4%
+2.2 pts
Median age
32.6 → 33.8
+1.2 yrs

The median rent in Wichita Falls, TX stood at $922 in 2021 and currently runs about $1,279, reflecting a 38.7% 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.

Community

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View Wichita Falls rent history (2015–2026) →
Salary vs rent

Can you afford rent in Wichita Falls on your salary?

At $1,279/mo, how Wichita Falls rent compares to typical pay (30% rule).

By apartment size

Wichita Falls rent by bedroom count

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

Local insights

Tips for renters in Wichita Falls

About renting in Wichita Falls, TX

Last updated: July 20, 2026

The median rent in Wichita Falls is $1,279/mo as of July 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 7.4% over the past year.

FAQ

Frequently asked questions

Is Wichita Falls an affordable city for renters?

Wichita Falls is considered affordable for renters. At $1,279/mo, rent takes approximately 26% of the local median household income ($60,177/yr). The standard benchmark is 30%. Wichita Falls falls comfortably within that range.

How much income do you need to rent in Wichita Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,279/mo in Wichita Falls. The local median household income is $60,177/yr, meaning the typical Wichita Falls household meets that threshold.

Is rent going up or down in Wichita Falls?

Rent in Wichita Falls has increased 7.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Wichita Falls neighborhoods have the lowest rent?

The most affordable ZIP codes in Wichita Falls are 76309 ($1,021/mo), 76301 ($1,023/mo), and 76306 ($1,227/mo). Citywide, the median rent in Wichita Falls is $1,279/mo.

How does Wichita Falls rent compare to other cities in Texas?

Wichita Falls is one of the more affordable cities in Texas for rent, ranking #241 out of 269 tracked cities at $1,279/mo.

Which nearby cities are cheaper to rent in than Wichita Falls?

Several nearby cities have lower median rents than Wichita Falls ($1,279/mo): Duncan ($1,058/mo), Lawton ($1,086/mo), Mineral Wells ($1,174/mo).

What percentage of Wichita Falls residents rent vs. own?

According to Census data, approximately 43.6% of Wichita Falls households are renters, while 56.4% are owner-occupied. Wichita Falls leans toward homeownership, which can mean a smaller rental inventory.

How does Wichita Falls rent compare to the national average?

Wichita Falls's median rent of $1,279/mo is $686 (35%) below the US national median of $1,965/mo. Within Texas, it ranks #241 out of 269 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,279/mo, rent takes ~26% of Wichita Falls's median household income ($60,177/yr). The standard benchmark is 30%.

Wichita Falls 26%Benchmark 30%
State income taxNone
Run the Wichita Falls affordability calculator →
Lowest-rent ZIP codes in Wichita Falls
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Wichita Falls, TX

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