A new Zumper rent report has revealed that Texas is leading the nation in annual rent declines since 2025, and rent prices in some Dallas-Fort Worth cities have fallen as much as 13 percent since last August.

Zumper's monthly report analyzes one- and two-bedroom rent prices from the previous month across 100 U.S. cities, and tracks one-month and year-over-year changes.

Austin, Houston, and Dallas, respectively, locked out the top three cities where one-bedroom rent prices have plummeted more than anywhere else in the country.

A one-bedroom apartment in Dallas had a $1,270 monthly rent price in August, down 13 percent since this time last year. Two-bedroom units were 13.4 percent cheaper than they were a year ago and now sit at $1,810 per month.

At home in Fort Worth, one-bedroom apartments had a monthly asking price of $1,160, down 3.3 percent since last August.

The reports findings show a similar pattern across Texas' biggest metros as "elevated multifamily supply" was "absorbed through the boom years." Renters currently have the advantageous opportunity to negotiate lower rent from their landlords, according to Zumper CEO Shawn Mullahy.

"Texas is showing exactly what happens when supply materially outruns demand," Mullahy said. "Austin, Houston and Dallas added enormous amounts of inventory, and renters now have leverage because owners are competing to fill it. That won’t reverse until enough of that supply is absorbed."

For comparison, Zumper's National Rent Index for August 2026 found the median one-bedroom rent fell 0.1 percent year-over-year to $1,515, while two-bedroom rent increased 0.5 percent to $1,907.

Unlike other DFW-area cities, one-bedroom rent prices in nearby Arlington have remained flat year-over-year, at $1,080 per month. Elsewhere across the metro, rent prices for a one-bedroom unit in Plano have dipped 7.1 percent since last year to $1,310. Single-bedroom units in Irving are renting for $1,210 a month, or 4.7 percent lower than they were the year before.

This is how much it cost for a two-bedroom unit across DFW in August, compared to the previous year:

• Fort Worth: $1,530 per month, down 5.5 percent
• Arlington: $1,460 per month, down 2.8 percent
• Irving: $1,620 per month, down 4.7 percent
• Plano: $1,920 per month, down 3.5 percent

Rent prices across Texas
Austin tops the U.S. with the steepest decline in both one- and two-bedroom rent prices in August. A one-bedroom unit in Texas' capital city had a $1,260 monthly price, down 16.6 percent from August 2025. Rent for a two-bedroom unit declined even further, by 19.1 percent, to $1,610 per month.

One-bedroom apartments in Houston weren't far behind. Rent for a single-bedroom unit dipped 14.6 percent year-over-year to $1,050, and the price for a two-bedroom unit fell 5.4 percent to $1,400.

In San Antonio, single-bedroom rent prices fell 8.6 percent to $960 per month, and two-bedroom rent declined by 4.5 percent to $1,260.