An influx of new apartments is among the factors moderating how much rents are rising.
ApartmentData.com expects the growth in San Antonio apartment rental rates to slow this year.
The pace of growth, however, is predicted to return to pre-pandemic levels this year — welcome news for tenants. Rents could remain flat or rise up to 3 percent, Reed said. USAA Real Estate is investing in building more “workforce housing,” which is aimed at tenants earning 80 to 100 president of the median household income in a given area, McIntosh said.
More than 5,700 apartments were finished last year, with many built on the far West Side, the far North Side, and around New Braunfels and Seguin. Job and wage growth also factor in. Wages are not keeping pace with housing costs, leaving tenants struggling to pay their bills. In six cities — Austin, Dallas, Atlanta, Charlotte, Nashville and Raleigh — workers would need at least four full-time minimum wage jobs to reasonably afford a two-bedroom apartment.Workers generally fared better in cities such as New York, Los Angeles, Chicago and San Francisco, where the minimum wage is higher, even though rents in those cities are high, Zillow said in its analysis.San Antonio is facing skyrocketing rents and aging complexes. Here’s how activists want to help.
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