Cheap Apartments for Rent in 78516
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Apartments For Rent Near 78516
We found 30 more apartments matching your filters just outside 78516
- $350 - $1,700/moStudio-3 Beds1-2 Baths310 South Val Verde Road | 310 S Val Verde Rd #10892819,
Donna, TX 78537 - PET FRIENDLY
- PET FRIENDLY
- $650 - $950/mo1-3 Beds1-2 BathsChampion Gardens Apartments | 1802 W Samano St #1B-1Ba-600Sqft,
Edinburg, TX 78539 - $685 - $1,324/mo1-3 Beds1-2 BathsVista De Palmas Apartments | 1415 W Freddy Gonzalez Dr #6cbca1f66,
Edinburg, TX 78539
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.
| Month | Average 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 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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?