Rent Tracker
Rent Inflation in Odessa, TX
The average asking rent in Odessa, TX is $1,561/month as of 2026-08. That is -1.1% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,561/mo
as of 2026-08
Year-over-Year Change
-1.1%
24-Month Rent Trend
Monthly ZORI index values for Odessa, TX.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,561 | +0.64% |
| 2026-07 | $1,551 | +0.71% |
| 2026-06 | $1,540 | +0.00% |
| 2026-05 | $1,540 | -0.58% |
| 2026-04 | $1,549 | +0.32% |
| 2026-03 | $1,544 | +0.59% |
| 2026-02 | $1,535 | +0.79% |
| 2026-01 | $1,523 | -0.78% |
| 2025-12 | $1,535 | +0.46% |
| 2025-11 | $1,528 | -0.52% |
| 2025-10 | $1,536 | -0.52% |
| 2025-09 | $1,544 | -2.15% |
| 2025-08 | $1,578 | -1.56% |
| 2025-07 | $1,603 | -0.19% |
| 2025-06 | $1,606 | +2.16% |
| 2025-05 | $1,572 | +1.09% |
| 2025-04 | $1,555 | +1.57% |
| 2025-03 | $1,531 | +0.00% |
| 2025-02 | $1,531 | +0.53% |
| 2025-01 | $1,523 | -0.39% |
| 2024-12 | $1,529 | -0.13% |
| 2024-11 | $1,531 | -0.20% |
| 2024-10 | $1,534 | +0.13% |
| 2024-09 | $1,532 | — |
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