Rent in Odessa, TX at a glance
2-bedroom rent (HUD)
$1,595$19,140 a year · HUD fiscal year 2026From October 1, 2026: $1,522 (−4.6%)How much rent can you afford in Odessa, TX?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Odessa, TX by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,245 | $14,940 | $49,800 | $23.94/hr |
| 1 bedroom | $1,269 | $15,228 | $50,760 | $24.40/hr |
| 2 bedroomsMost searched | $1,595 | $19,140 | $63,800 | $30.67/hr |
| 3 bedrooms | $1,912 | $22,944 | $76,480 | $36.77/hr |
| 4 bedrooms | $2,213 | $26,556 | $88,520 | $42.56/hr |
Living and working in Odessa, TX
Rent in Odessa, TX: common questions
How much is rent going down in Odessa, TX in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,522 for a two-bedroom, down 4.6% from $1,595. A one-bedroom goes from $1,269 to $1,229, a studio from $1,245 to $1,153.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Odessa, TX?
HUD's Fair Market Rent for 2026 is $1,269 for a one-bedroom and $1,595 for a two-bedroom, utilities included. That is $19,140 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Odessa, TX?
To keep a $1,595 two-bedroom at 30% of gross pay, one full-time worker needs $30.67 an hour, or $63,800 a year. A one-bedroom at $1,269 takes $24.40 an hour.
How much is a 1, 2 or 3-bedroom apartment in Odessa, TX?
At HUD's 2026 Fair Market Rent: studio $1,245, one bedroom $1,269, two $1,595, three $1,912 and four $2,213 a month.
Is rent affordable in Odessa, TX?
For the typical household, earning $73,472 a year ($6,123 a month, Census ACS), a two-bedroom at $1,595 takes 26.1% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,595 × 12) ÷ 0.30 = $63,800. Divided by 2,080 working hours, that is $30.67 an hour.