Rent in McAllen, TX
Across McAllen's 5 ZIP codes, a 2-bedroom typically rents for about $1,017 a month, with figures from $1,009–$1,160. The highest typical rent is in 78503 ($1,160) and the lowest in 78501 ($1,009). 3 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Hidalgo County pay about 1.62% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $801 | $790–$803 | 5 |
| 1 bed | $806 | $743–$845 | 5 |
| 2 beds | $1,017 | $1,009–$1,160 | 5 |
| 3 beds | $1,305 | $1,236–$1,655 | 5 |
| 4 beds | $1,439 | $944–$1,457 | 5 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
McAllen ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in McAllen, TX?
- About $1,017 a month: the median of the typical rents in 5 ZIP codes, which range from $1,009–$1,160. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in McAllen, TX?
- About $806 a month: the median of the typical rents in 5 ZIP codes, which range from $743–$845. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in McAllen, TX?
- About $1,305 a month: the median of the typical rents in 5 ZIP codes, which range from $1,236–$1,655. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in McAllen, TX?
- About $801 a month: the median of the typical rents in 5 ZIP codes, which range from $790–$803. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in McAllen, TX?
- About $1,439 a month: the median of the typical rents in 5 ZIP codes, which range from $944–$1,457. Figures are gross rent (rent plus tenant-paid utilities).
- Which McAllen ZIP code has the highest rent?
- For a 2-bedroom, 78503 has the highest typical rent at $1,160 a month, and 78501 the lowest at $1,009.
- What is the property tax rate in McAllen, TX?
- Owner-occupied homes in Hidalgo County pay a typical 1.62% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these McAllen rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).