Magnolia renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Magnolia is about $1,491 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $1,369. Households in Magnolia have a median income of $7,987 per month so the average renter in Magnolia is spending roughly 19% of their earnings on housing.
Nationally, and in Magnolia, home values are the data point most closely correlated with the cost of rent. The median price of a home in Magnolia is $364,732 right now, which is lower than cities nearby, meaning that rents in Magnolia also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Magnolia while lower rent rates are often available in northwestern areas.
Nearby Cities
- Stagecoach, TX: more expensive rent prices
- Todd Mission, TX: less expensive rent prices
- The Woodlands, TX: more expensive rent prices
- Tomball, TX: more expensive rent prices
- Hockley, TX: less expensive rent prices
- Montgomery, TX: more expensive rent prices
- Plantersville, TX: less expensive rent prices
- Shenandoah, TX: less expensive rent prices
- Oak Ridge North, TX: more expensive rent prices
- Dobbin, TX: less expensive rent prices
Cities with Similar Populations
- DeLand, FL: less expensive rent prices
- Rowlett, TX: more expensive rent prices
- Coon Rapids, MN: less expensive rent prices
- Brentwood, NY: more expensive rent prices
- Arecibo, PR: less expensive rent prices
- Woodland, CA: less expensive rent prices
- West Hartford, CT: more expensive rent prices
- Towson, MD: more expensive rent prices
- Port Orange, FL: less expensive rent prices
- Wellington, FL: more expensive rent prices
All Local Stats
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