San Antonio's apartment boom is slowing
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While San Antonio remains a top U.S. metro for new apartments in 2025, it trails behind other major cities — including its Texas peers — as developers ease off after several years of growth.
Why it matters: The city's apartment pipeline is cooling after a pandemic-fueled boom. Still, developers continue to bet on growth and affordability across Texas and in San Antonio.
By the numbers: In the San Antonio area, 8,070 units are slated to open this year, per a recent RentCafe report. That makes us No. 17 in the nation for new apartments.
- Nearly 6,000 of those are expected to open in the city of San Antonio. New Braunfels is expected to net nearly 950 new units while Seguin is anticipating 400 new units.
Yes, but: New apartments in the region are expected to drop nearly 29% from last year, part of a broader slowdown.
What they're saying: The South's "business-friendly environment, relative affordability and less restrictive zoning laws … stand in sharp contrast" to more restrictive coastal areas, Doug Ressler of data provider Yardi said in the report.
The big picture: More than half a million new apartments are expected to be completed nationwide this year — down about 21% from 2024's record.
- Rising construction costs, higher interest rates and a growing supply in some markets are making builders more cautious about breaking ground.
The bottom line: Texas remains a top destination for people moving from other states, and San Antonio continues to be a big part of that, per the report.