Apartments in 79762

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5425 Veranda Ct Odessa, TX
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How much does it cost to rent an apartment in 79762?

79762 apartments
Bed Type Average Rent Range
1BR $1,080 $800 - $1,520
2BR $1,410 $980 - $1,830
3BR $2,070 $1,520 - $2,710
4+BR $2,450 $1,780 - $4,000
Find an Apartment in 79762
Looking for an apartment in the 79762 zip code of Odessa, TX? You're in luck! Rentable currently has a variety of apartments for rent in 79762, with 158 units available. The average rent in this area is $1,310, and you can find 1-bedroom units starting at $800.

The 79762 zip code is conveniently located near several points of interest. Just a short drive away, you'll find Odessa Country Club, a fantastic place for golf enthusiasts to enjoy a round or two. For those who enjoy spending time outdoors, Floyd Gwin Park offers a beautiful green space with walking trails and picnic areas. Another nearby attraction is the University of Texas of the Permian Basin, making this area a great option for students.

If you're ready to start your search for a new apartment, be sure to check out Rentable's apartments near 79762. With a variety of options available, you're sure to find the perfect place to call home.

Odessa:
November Rent Report

Welcome to the November 2024 Odessa Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Odessa rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Odessa and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Odessa average rent prices in the chart below.

Monthly Rent Report

$1,650
$1,240
$830
$410
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Odessa Rent Prices Increase From October to November

Odessa rent prices increased over the last month. From October to November, the city experienced a 0.1% increase for the price of a one-bedroom apartment. The rent price for a Odessa one-bedroom apartments currently stands at $1,053.0.

When we take a look at the two-bedroom comparison from October to November, Odessa experienced a 0.61% increase for the price of a two-bedroom apartment. The rent price for a Odessa two-bedroom apartments currently stands at $1,483.0.

November Prices: Odessa vs. Surrounding Areas

Odessa, TX
$1,052
$0
$350
$700
$1,050
$1,400
Median 1 BR Rent

Rent Prices in Odessa and Surrounding Areas

Rent prices have increased in Odessa over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Odessa suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Odessa suburbs

  • Rents did not decrease in any of the Odessa suburbs.

November 2024 Pricing Trends: Odessa vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Odessa, TX
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$1,052
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Odessa Rent Prices More Affordable Than Major Cities

Rent growth in Odessa over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Odessa average rent prices appear to be relatively affordable for local residents.

The price for a Odessa one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Odessa and surrounding area rent prices, take a look at the complete data set below.

Data set for Odessa and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Odessa, TX $1,052.0 -1.50% $1,474.0 -1.34%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.