Apartments in 78516

21 rentals

Apartments For Rent Near 78516

We found 30 more apartments matching your filters just outside 78516

Average Rent Trends in 78516

Rent in 78516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
MonthAverage rent
Jun 2025$950
Jul 2025$1,025
Aug 2025$1,000
Sep 2025$1,033
Oct 2025$983
Nov 2025$963
Dec 2025$1,000
Jan 2026$1,072
Feb 2026$1,033
Mar 2026$1,041
Apr 2026$1,041
May 2026$1,140
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,217$1,095$1,300$1,850$1,217
Apartments and Condos$1,217$1,150$1,250—$1,200
Houses—$1,095$1,500$1,850$1,600

Frequently Asked Questions about Apartments and Condos for rent in 78516

  • What is the average rent of an apartment in 78516?
    The average rent of an apartment in 78516 is $1,140 per month. This is about 41% lower than the national average.
  • When is the average rent cheapest in 78516?
    In the last year, the average rent in 78516 was lowest in Mar 2025 when it was $853 per month.
  • When is the average rent most expensive in 78516?
    In the last year, the average rent in 78516 was highest in Sep 2025 when it was $1,033 per month.
  • How many apartments or condos are available to rent in 78516?
    There are 24 available apartments or condos to rent in 78516.
  • What are some cities near 78516?
    Some nearby cities include: Alamo, Pharr, San Juan, Donna, Hidalgo, Weslaco. These cities may have more rental options to explore.