Rent Tracker
Rent Inflation in Midland, TX
The average asking rent in Midland, TX is $1,599/month as of 2026-08. That is -2.3% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,599/mo
as of 2026-08
Year-over-Year Change
-2.3%
24-Month Rent Trend
Monthly ZORI index values for Midland, TX.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,599 | -0.56% |
| 2026-07 | $1,608 | +0.75% |
| 2026-06 | $1,596 | +0.00% |
| 2026-05 | $1,596 | +0.38% |
| 2026-04 | $1,590 | -0.87% |
| 2026-03 | $1,604 | +0.00% |
| 2026-02 | $1,604 | +0.25% |
| 2026-01 | $1,600 | +0.63% |
| 2025-12 | $1,590 | -0.13% |
| 2025-11 | $1,592 | -0.19% |
| 2025-10 | $1,595 | -1.36% |
| 2025-09 | $1,617 | -1.16% |
| 2025-08 | $1,636 | -0.97% |
| 2025-07 | $1,652 | -0.42% |
| 2025-06 | $1,659 | +1.65% |
| 2025-05 | $1,632 | +1.62% |
| 2025-04 | $1,606 | +2.03% |
| 2025-03 | $1,574 | +0.45% |
| 2025-02 | $1,567 | +0.00% |
| 2025-01 | $1,567 | -0.51% |
| 2024-12 | $1,575 | -0.13% |
| 2024-11 | $1,577 | -0.50% |
| 2024-10 | $1,585 | +0.32% |
| 2024-09 | $1,580 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices