February 22nd, 2017 8:05 AM by Doug Spector
With Houston being the 4th largest city in the US and with an established economy, apartment community developers started building in surplus. Large companies like Greystar Property Management, ZRS and Roscoe started a ripple effect of growth to establish the newest and most luxurious communities to introduce to our thriving city.
With an abundance of apartment options to chose from, communities are offering increased upfront free rent combined with low monthly rents to outbid their competition.
Whereas a few years ago being offered 1 month free on a 12 month lease was an amazing deal we are now seeing apartments in Houston offering between 2 and 3 months free!
Our analysis shows that the average price on a luxury one bedroom is currently $1,145.00, but we are seeing them as low as $850.00 in areas with high concentrations of new buildups like the Energy Corridor. Additionally with December thru February being the slower leasing season, prices are being reduced even more to attract renters.
With rates going down and communities offering up to 3 months free, now is the time!
Contact us today for a custom list of properties that meet your needs!
We are a FREE Service -- Since 1971!