Average Rent in El Paso, TX
The Fair Market Rent for a 2-bedroom in El Paso, TX is $1,191 per month, based on HUD data. With a median household income of $58,800, a household would spend 24.3% of income on housing at Fair Market Rent. Rent has increased 3.6% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $821 |
| 1 Bedroom | $1,013 |
| 2 Bedroom | $1,191 |
| 3 Bedroom | $1,633 |
| 4 Bedroom | $1,998 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $58,800 |
| Rent Burden (2BR FMR / Income) | 24.3% |
| Income Needed for 2BR (30% rule) | $47,640/yr |