San Antonio rental prices rise 7% as interest rates push residents out of the housing market

Although San Antonio’s housing market has slowed with the rise in interest rates, strong demand continues in its rental market, according to data from online real estate marketplace Zumper. Average rent for a one-bedroom apartment in San Antonio jumped 7.4% over the past year, with the price settling at $1,160 in March. Meanwhile, the average rent for a two-bedroom apartment increased to $1,430 over that time period, a 4.4% hike.