El Paso, TX Rental Market
El Paso is a border city with a unique economic identity shaped by Fort Bliss — one of the largest Army installations in the United States — and its position as a major US-Mexico trade and manufacturing corridor. The University of Texas at El Paso (UTEP) adds a stable student and faculty tenant base, while exceptionally low home prices relative to rents create strong gross yields for investors willing to operate in a smaller market.
Get a rent estimate for an address in El PasoAverage Rent in El Paso, TX
$980
per month · 2026-06
Market Score
Key Facts — El Paso, TX Rental Market
- Average rent in El Paso, TX:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:850
- Avg days to lease:35 days
- Year-over-year change:+2.5%
- Median home value:$155,000
- Est. gross annual yield:7.6%
- Data as of:2026-06
Rent by Bedroom in El Paso, TX
Average monthly rent for each bedroom type based on current active listings in El Paso.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
El Paso Rental Market Statistics
Key indicators from the current El Paso, TX rental market.
850
Available now in El Paso
35
From list to lease
$0.78
Average across listings
1,250 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in El Paso, TX Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$155,000
Typical purchase price in El Paso
Est. Gross Annual Yield
7.6%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in El Paso for a full cash-flow breakdown including all costs.
El Paso, TX Rental Market FAQ
Common questions about renting and investing in El Paso, TX.
What is the average rent in El Paso, TX?
The average rent in El Paso, TX is $980 per month as of 2026 — one of the most affordable large-city rental markets in Texas. One-bedroom apartments average $700/mo, two-bedrooms average $850/mo, and three-bedroom homes average $1,100/mo. Neighborhoods near Fort Bliss and UTEP tend to see the most consistent demand.
Is El Paso, TX a good place to invest in rental property?
El Paso offers an estimated 7.6% gross annual yield, driven by very low median home values near $155,000. Fort Bliss employs tens of thousands of military personnel who receive BAH housing allowances, creating a reliable, high-volume tenant base. Growing cross-border manufacturing (maquiladora) and logistics activity also support demand from workers in the trade and industrial sectors.
How competitive is the El Paso, TX rental market?
El Paso has approximately 850 active listings with an average of 35 days on market — moderately paced relative to other Texas metros. Rental properties near Fort Bliss and UTEP move fastest, while outlying neighborhoods take slightly longer to lease. The military leasing cycle (summer PCS season) creates a predictable spike in demand each June and July that active landlords can plan around.
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