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ZIP Code · TX

ZIP 78503

Part of McAllen, TX
Pop. 22,621·Hidalgo County·529th most expensive ZIP in Texas
Median rent (all units)
$1,355/mo
Year-over-Year
-4.7%
Month-over-Month
+1.1%
vs US Median
-$610
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78503 · $1,355
More affordable than 83% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$990
2 BR
$1,240
3 BR
$1,610
4 BR+
$1,780
Research median
$1,240/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: June 22, 2026

Annual cost
$16,260/yr
At $1,355/mo median
Location
StateTX
CountyHidalgo County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.7% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 78503 (McAllen, TX) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 25.3% of residents hold a bachelor's degree or higher.

Population
22,621
Median income
$53,322
Median age
32.3
Renters
38.9%
Age distribution
27.6%
28.3%
20.8%
13.5%
Under 1827.6%
18–3428.3%
35–5420.8%
55–649.7%
65+13.5%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
28.5%
94%
White28.5%
Black1%
Hispanic94%
Asian1.2%
Education (25+)
28.8%
20.2%
25.6%
25.3%
No HS diploma28.8%
HS diploma20.2%
Some college25.6%
Bachelor's+25.3%
Housing tenure
61.1%
38.9%
Owner61.1%
Renter38.9%

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

2021 vs 2026

How ZIP 78503 in McAllen, TX has changed in 5 years

Income
$40,012 → $53,322
up 33.3%
Population
20,444 → 22,621
up 10.6%
Renter share
38.9% → 38.9%
+0.0 pts
Bachelor's+
25.3% → 25.3%
+0.0 pts

Median household income climbed from $40,012 to $53,322 between 2021 and 2024, a 33.3% shift. Census counts show ZIP 78503 in McAllen, TX adding about 2,177 residents over the five-year window, up 10.6% on net.

Community

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Local insights

Tips for renters in ZIP 78503

About renting in ZIP 78503

Last updated: June 22, 2026

ZIP code 78503 covers McAllen, TX. The median rent here is $1,355/mo as of June 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,240/mo.

At 30% of local median household income ($53,322/yr), ZIP 78503 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78503?

As of June 22, 2026, the median monthly rent in ZIP 78503 (McAllen, TX) is $1,355. This is based on aggregated data from public sources and community submissions.

How does ZIP 78503 rent compare to the US average?

ZIP 78503's median rent of $1,355/mo is $610 (31%) below the US national median of $1,965/mo.

How does ZIP 78503 compare to other ZIPs in Texas?

ZIP 78503 is among the more affordable ZIP codes in Texas, ranking #529 out of 688 ZIPs at $1,355/mo.

How much income do you need to rent in ZIP 78503?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,355/mo in ZIP 78503. The local median household income is $53,322/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 78503?

Rent in ZIP 78503 has decreased 4.7% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 78503 an affordable place to rent?

ZIP 78503 is considered moderate for renters. At $1,355/mo, rent takes approximately 30% of the local median household income ($53,322/yr). The standard benchmark is 30%. ZIP 78503 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 78503 residents rent vs. own?

According to Census data, approximately 38.9% of ZIP 78503 households are renters, while 61.1% are owner-occupied. ZIP 78503 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78503 compare to the rest of McAllen?

ZIP 78503 is pricier than McAllen as a whole. At $1,355/mo, it's $72 above the McAllen citywide median of $1,283/mo.

When was rent data for ZIP 78503 last updated?

Rent data for ZIP 78503 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,355/mo, rent takes ~30% of ZIP 78503's median household income ($53,322/yr). The standard benchmark is 30%.

ZIP 78503 30%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78503 (McAllen, TX)

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