Apartment rents continued their downward transfer in Oct, in accordance to apartmentlist.com.

Lease has decreased almost 30 percent since October 2019, in accordance to the apartment information and facts web site. Apartmentlist.com shows a 29.7 % decrease year above year in Midland, even though the declines are 2.1 % across the point out and 1.4 p.c across the nation.

Apartmentlist’s report confirmed Midland’s rents have dropped for 17 straight months, including a 1.4 % decrease from September to Oct and a 21 % drop due to the fact the COVID-19 pandemic began in March.

Median condominium hire rates in Midland stand at $734 for a one particular-bedroom condominium and $897 for a two-bedroom apartment, according to the report.

Odessa rents also are going down. ApartmentList.com displays a 35.2 percent decline in rents calendar year in excess of yr and a 27.7 % lessen due to the fact the starting of the pandemic in March.

The median rents in Odessa were $520 for a a single-bed room condominium and $712 for a two-bedroom apartment.

RentCafe on its website showed an typical hire in Midland all over $1,533 Oct 2019 and $1,357 in Odessa just one calendar year ago.

Other median rents around the region included $705 for a one particular-bed room and $876 for a two-bed room in Lubbock, $820 and $1,076 in Abilene and $827 and $1,054 in San Angelo.