Cheap Apartments for Rent in 78516

32 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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$1,050
Jul 2025$1,250
Aug 2025$1,200
Sep 2025$1,175
Oct 2025$1,195
Nov 2025$1,150
Dec 2025$1,150
Jan 2026$1,125
Feb 2026$1,100
Mar 2026$1,200
Apr 2026$1,217
May 2026$1,217
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 Rentals 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.
  • What is the average rent of a house in 78516?
    The average rent of a house in 78516 is $1,600 per month. This is about 17% 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 Jun 2025 when it was $1,050 per month.
  • When is the average rent most expensive in 78516?
    In the last year, the average rent in 78516 was highest in Jan 2025 when it was $1,300 per month.
  • How many available rental listings are in 78516?
    There are 41 available rental listings 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.