Report: San Antonio rents have jumped nearly 30 percent since January 2021

San Antonio rent has almost skyrocketed from since January 2021. 

San Antonio rent has almost skyrocketed from since January 2021. 

William Luther /Staff

If anyone in San Antonio is looking for a new home this year they might be looking at a steeper rent price. Median rents in the Alamo City have jumped 28.9 percent since January 2021 — from $1,304 to $1,681, according to a report from renter's marketplace website Dwellsy. 

That's a $377 increase in asking rents, which is the price requested by the landlord. 

San Antonio's asking rent increase was far bigger than the national jump of 11 percent. Still, the jump across the U.S. was still three times the normal rate, according to Dwellsy. In a "normal year" Dewllsy only sees about a 3 to 4 percent increase. That rent increase was seen mostly in the single-family home market, which saw a 26 percent increase. 

"The ongoing Covid pandemic has driven this year’s extraordinary rent inflation from start to finish," the report says. 

Though the U.S. saw significant rent drops in 2020 for higher-end urban apartments, people moved back into these apartments in 2021, driving prices back up.

There appears to be little relief in site. A recent report says San Antonio is expected to be one of the hottest real estate markets in the U.S., beating out Austin. 

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