A life of luxury can be found in Houston. In fact, although Houston is historically known as a cheap place to live, almost all the apartments delivered last year were on the high-end spectrum.
There is a citywide push to add more multifamily developments to accommodate for population growth, and Houston is one of the cities leading the nation for new multifamily product delivering by year-end.
With data by Apartment Data Services and Transwestern, Bisnow compiled the top 10 highest asking rates per square footage in Space City.
The Star, 1111 Rusk St., Houston
10. The Star
Units: 286
Address: 1111 Rusk St., Houston
Built: 2016
Submarket: Downtown
Management Group: Lincoln Property Co.
Average Asking Rents: $2,698
Average Unit Size: 1,042 SF
Notables: The historic 1915 Texaco Building was transformed into a residential tower in Downtown. On-site amenities include a heated resort-style pool, an upscale restaurant, a social lounge with a demonstration kitchen, a state-of-the-art fitness center with on-demand cardio/spin, a private media and theater room, an on-site golf simulator, a conference room and a pet washing station.
9. The Sovereign At Regent Square
Units: 290
Address: 3233 West Dallas St., Houston
Built: 2014
Submarket: Montrose
Management Group: Windsor Communities
Average Asking Rents: $2,635
Average Unit Size: 1,002 SF
Notables: The 21-story residential tower is within Regent Square, a master-planned district that features studios and one- and two-bedroom units. On-site amenities include a fitness center and yoga studio, a lap pool with sun lounge, a barbecue pavilion with outdoor TV and fireplace, a private pet park, a clubroom with demonstration kitchen and a game room with beverage kitchen.
Bisnow Archives/Kyle Hagerty
Kirby Collection
8. Residences At Kirby Collections
Units: 197
Address: 3333 Lake St., Houston
Built: 2017
Submarket: Upper Kirby
Management Group: Greystar
Average Asking Rents: $3,849
Average Unit Size: 1,462 SF
Notables: The luxury residential community features one- to three-bedroom floor plans within the Kirby Collection mixed-use project. On-site amenities include a 24-hour fitness center, a pool and cabana, the Sky View lounge, bike valet service, electric car-charging stations, and street-level shops, boutiques and restaurants.
7. One Park Place
Units: 364
Address: 1400 McKinney St., Houston
Built: 2008
Submarket: Downtown
Management Group: Finger Cos.
Average Asking Rents: $3,593
Average Unit Size: 1,391 SF
Notables: One Park Place is in the heart of Downtown and houses the two-story Phoenicia Deli & Grocery. Other on-site amenities include access to Brasserie Du Parc French Restaurant, a 24-hour concierge, complimentary valet for residents and guests, pet walking and grooming services, dry cleaning drop-off and pickup, car washing and detailing and a multilevel deck and pool.
6. The Museum Tower
Units: 187
Address: 4899 Montrose Blvd., Houston
Built: 2002
Submarket: Montrose
Management Group: Finger Cos.
Average Asking Rents: $4,850
Size: 1,794 SF
Notables: Situated in Houston's Museum District, the luxury high-rise offers five-star accommodations. On-site amenities include free valet parking and a bellman, a 24-hour concierge, a fitness center and a heated pool with a Downtown view.
5. Market Square Tower
Units: 463
Address: 777 Preston St., Houston
Built: 2016
Submarket: Downtown
Management Group: Greystar
Average Asking Rents: $3,312
Size: 1,282 SF
Notables: The 40-story luxury tower features floor plans from studio to three-bedroom units. On-site amenities include a park terrace with heated pool and spa with cabanas, a game room, a poker suite, an indoor basketball court, a virtual golf simulator, a movie theater, a children's room, and steam, sauna and massage rooms.
Latitude Med Center in Houston
4. Latitude Med Center
Units: 372
Address: 1850 Old Main St., Houston
Built: 2018
Submarket: Med Center
Management Group: Greystar
Average Asking Rents: $2,350
Average Unit Size: 896 SF
Notables: The 35-story, high-rise features 372 micro-, two- and three-bedroom units with lobby access to the InterContinental Houston Medical Center. The 357-room, full-service hotel was slated to deliver by year-end, Bisnow previously reported. On-site amenities include a clubroom with billiards, bar and lounge, a wellness destination, a shared business workspace, a dog walking area, an infinity edge pool, a tanning area and a Sky Club with lounge, bar and luxe dining area.
3. Ivy River Oaks
Units: 293
Address: 2311 Mid Lane, Houston
Built: 2017
Submarket: Upper Kirby
Management Group: Greystar
Average Asking Rents: $2,875
Average Unit Size: 1,109 SF
Notables: The luxury complex touts its pet-friendly neighborhood. On-site amenities include a boutique hotel-inspired lobby, concierge service, valet service, dry cleaning drop-off, a private residents' bar and keyless building entry.
Courtesy of Peter Molick
View of Aris Market Square looking down Travis Street
2. Aris Market Square
Units: 272
Address: 409 Travis St., Houston
Built: 2017
Submarket: Downtown
Management Group: Greystar
Average Asking Rents: $3,455
Average Unit Size: 1,193 SF
Notables: The 32-story luxury high-rise tower is within the Market Square historic district in Downtown and features one-, two- and three-bedroom apartments. On-site amenities include direct access to METRO Rail, an outdoor entertainment and cooking area, open-air terrace lounge seating with an outdoor fireplace, a laptop lounge with adjacent library, a fitness center, a vinyl listening room with a record collection, a bike storage and bike repair room, and a pet parlor with a grooming station.
Courtesy of PMRG
2929 Weslayan
1. 2929 Weslayan
Units: 254
Address: 2929 Weslayan St., Houston
Built: 2014
Submarket: Upper Kirby
Management Group: PM Realty Group
Average Asking Rents: $3,874
Average Unit Size: 1,497 SF
Notables: The luxury high-rise tower features one-, two- and three- bedroom units and penthouses. On-site amenities include 24-hour concierge, valet parking, a 30K SF outdoor living space with fireplace and Downtown views, a Grotto pool and wet deck with resort-style cabanas, a fitness center, a 60-seat skyline lounge, a boardroom and a covered dog park.