Feature Photo: View of prototypical multifamily building. Image: iStock.
Posted: 8-31-2025
Dallas (Dallas County) — Texas is once again at the center of the nation’s apartment boom, with Dallas, Austin, Houston, and San Antonio ranking among the top U.S. metros for new rental housing in 2025.
Despite a slowdown from record highs in recent years, the state is still on track to deliver more than 81,000 apartments this year — nearly one-third of all new units in the South, according to RentCafe.
The surge comes as the Sunbelt continues to attract people and investment, with Texas and Florida leading the way. Nationwide, renters in the South will see 265,613 brand-new apartments open before the end of December, accounting for more than half of all U.S. completions this year.
Dallas-Fort Worth Leads the Way
The Dallas-Fort Worth metro area is expected to deliver 28,958 new apartments in 2025, ranking second nationwide. While this represents a 22.4% dip from last year, the Metroplex remains one of the busiest construction markets in the country. Dallas proper leads the local pack with 5,778 new units, followed by Fort Worth with 3,793 and McKinney with 2,006.
Austin in Third Place Nationally
Austin ranks just behind Dallas at third place in the U.S., with developers set to deliver 26,715 new apartments this year. The city of Austin itself will see the bulk of activity, with 15,195 units projected to open. Suburban markets are also adding supply, including Manor with 2,672 units and San Marcos with 1,612.
Houston Ranks Eighth
The Houston metro area is on track to add 14,439 apartments in 2025, placing eighth nationwide. This total reflects a steep 37.6% decline compared to last year’s deliveries, but the region remains a top builder nationally. Houston proper will receive 7,770 new apartments, with Cypress (1,343) and Spring (1,109) adding sizable numbers as well.
San Antonio Cracks the Top 20
San Antonio ranks 17th in the U.S. for apartment construction this year, with 8,070 new units expected. The city of San Antonio itself accounts for 5,921 of those units, while New Braunfels is projected to deliver 946 units and Seguin 400 units. Though completions are down nearly 29% year-over-year, demand in the region remains strong.
Sunbelt Strength Continues
The broader Southern region remains the engine of U.S. apartment construction, accounting for more than half of all new completions. Texas alone represents nearly one-third of all new apartments in the South, underscoring the state’s significant demographic appeal.
Even as developers ease off after years of historic growth, the volume of construction in Texas’ major metros highlights the state’s ongoing draw for new residents — and the demand for housing that comes with it.
Top 20 U.S. Metros for New Apartments in 2025
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