Average Rent in Amarillo, TX↑ Rents rising 7.0% YoY

Amarillo, TX has rental prices ranging from $813/month to $1,848/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $952/month — 32% below the national average of $1,400/month. With a median household income of $66,571/year, spending $952/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Amarillo Compares

With an average 2-bedroom rent of $1,158/month, Amarillo ranks #36 most expensive of the 220 cities tracked in Texas — pricier than 79% of all US cities in our data.

The Amarillo Rental Market

The Amarillo, TX area has a population of about 270,207 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Amarillo, TX have risen by $76/month (7.0%) over the past year, from $1,082 to $1,158. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Amarillo, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,080. The local median household income of $66,571 exceeds that threshold by $28,491, making Amarillo relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Amarillo, TX is $209,934, giving a price-to-rent ratio of 15.1. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Is Amarillo, TX Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Amarillo?

Break-even analysis and mortgage estimates based on local market data.

Living in Amarillo

Cost of living, job market, crime rates, and moving cost estimates.