Houston Apartments

Apartments in Houston, Texas

Complexes in the city became a constant feature in the late 1960's and their prevalence has steadily increased ever since. Apartments in Houston have evolved from garden style properties to trendy lofts, high rises, and mid rises.

Many properties boast on-site spas, world class fitness centers, movie theatres, decadent club houses, and much more. Some of the most expensive multi-family housing is located in downtown, midtown, West University, and Upper Kirby. Typically more affordable apartments in Houston can be found in the Medical Center and Galleria.

Often, the age of the property is directly correlated to price. Recent construction apartments in Houston (constructed in 2000 or later) typically bring premiums over properties built in the early 1990's or later.

For example, recent construction properties in the inner loop typically start at about $800 while earlier construction can be found starting at $550. Rental rates for apartments in Houston are also dictated largley by the number of negative externalities surround the property.

Common negative externalities affecting communities in The Bayou City include rail road tracks, major freeways, high crime areas, and commercial dstricts. As the city lacks zoning, commercial development among multi-family housing can have a serious affect on rental rates.