CARROLLTON (ALNsystems.com) – The number of apartments rented statewide dropped 2.4 percent between December 2008 and December 2009, according to the latest figures from ALN. Meanwhile, rents fell by an average of 2.5 percent.
Here's how select cities fared for the year ending December 2009:
Austin
Occupancy stayed roughly the same, while average monthly rent dropped 4.7 percent from $827 to $788.
Dallas
Occupancy decreased from 89.3 percent to 86.7 percent. Rent fell 3.5 percent, going from $777 to $750.
Fort Worth
Occupancy dropped from 87.5 percent to 85.8 percent. Rent decreased 2.5 percent, going from $675 to $658.
Houston
Occupancy decreased from 88.1 percent to 84.9 percent. Rent was down 0.9 percent, going from $748 to $741.
San Antonio
Occupancy decreased from 88.2 percent to 87.8 percent. Rent decreased 0.1 percent, going from $689 to $688.
Lubbock
Occupancy fell from 92.1 percent to 89.7 percent, while average rent decreased 4.3 percent, going from $638 to $610.
Amarillo
Occupancy dropped from 90 percent to 89.1 percent, while average rent increased 4.9 percent from $561 to $588.
Corpus Christi
Occupancy decreased from 91.6 percent to 89.9 percent. Rent dropped 2.2 percent from $696 to $681.