Last updated
Average Rent in Mcallen 78503 & Rent Trends
Rent prices and market trends across 2 apartment communities in Mcallen 78503, Mcallen, TX. Updated daily.
Market Average
$985/mo
Lowest Available
$850/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
16
available now
Mcallen 78503 vs Mcallen, TX Average
Mcallen 78503 is cheaper the Mcallen, TX average by $112/mo (10%). The citywide average is $1,097/mo across all neighborhoods.
Is Rent Going Up or Down in Mcallen 78503?
As of June 2026, the average rent in Mcallen 78503 is $985 per month across 2 apartment communities and 16 available units.
The most affordable option is Encino Luxury Apartments starting at $850/mo. By unit type, a 1-bedroom averages $936/mo, a 2-bedroom averages $1,049/mo.
Prices range from $850 to $1,150 per month. The most common price point is the $800 range, where 8 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Mcallen 78503
Rent Prices by Apartment in Mcallen 78503
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Encino Luxury Apartments | $850/mo | $960/mo | 12 | 4.1 |
| Hearthstone Apartments | $1,010/mo | $1,060/mo | 4 | 4.1 |
Google Search Trends for Mcallen 78503 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Mcallen 78503
What is the average rent in Mcallen 78503?
Is rent going up or down in Mcallen 78503?
What is the cheapest apartment in Mcallen 78503?
How much is a 1-bedroom apartment in Mcallen 78503?
How many apartments are available in Mcallen 78503?
What salary do I need to live comfortably in Mcallen 78503?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$39,000/year
Based on the 30 percent rule, using our tracked average rent of $985/mo.
Comfortable income
$47,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($850/mo), you need to earn at least $34,000/year.
Median household income in Mcallen 78503 is $60,165 , about 27% above the comfortable-living threshold.
Cost of living in Mcallen 78503
Overall prices in Mcallen 78503 runs below the national average by about 14% (BEA Regional Price Parity index 86.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Mcallen 78503's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $985 |
| Utilities | $245 |
| Groceries | $502 |
| Transportation | $585 |
| Healthcare | $285 |
| Other goods and services | $456 |
| Estimated total | $3,058/mo |
Population
143,789
Median household income
$60,165
Census median rent
$1,017/mo
Rent as % of income
30.0%
Median age
34.0
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Mcallen 78503 Apartments
Browse all 2 communities with daily-updated pricing and availability.