San Antonio, Texas Short-Term Rental Market
San Antonio STRs averaged $179 per night at 54.4% occupancy in April 2026 across approximately 14,900 active listings.
Quick Answer: San Antonio, Texas is an active short-term rental market. average occupancy is 54%. average monthly revenue is $2,752. average daily rate is $179. the top operator is Evolve with 312 listings. market score is 59/100 (grade C).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
San Antonio is one of the larger urban short-term rental markets in Texas, with approximately 14,900 active listings in the latest snapshot. The market is primarily driven by entire-place rentals (13,539 listings, or 91.0% of total supply), with private rooms accounting for 1,342 listings and shared rooms a negligible 11. Bedroom distribution is relatively balanced: 1-bedroom units lead at 4,646 listings, followed by 3-bedroom at 4,055, 2-bedroom at 3,072, 4-bedroom at 2,160, and 5-bedroom at 939.
In April 2026, average occupancy was 54.4%, the average daily rate was $179.42, and average monthly revenue per active listing was $2,752. RevPAR stood at $97.68. Year-over-year, occupancy increased 0.95 percentage points while ADR declined 3.3% and revenue declined 2.8%.
Channel distribution is heavily Airbnb-oriented: 6,744 listings are Airbnb-only, 7,131 appear on both platforms, and just 1,017 are Vrbo-only. San Antonio draws approximately 37.65 million visitors annually, including 31.1 million overnight guests. Market scores reflect a solid base: investability 76.1, seasonality 79.1, regulation 68.5, and overall total score 59.3 out of 100.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 45% | $135 | $1,793 |
| Feb | 55% | $140 | $1,927 |
| Mar | 62% | $168 | $2,801 |
| Apr | 53% | $164 | $2,407 |
| May | 54% | $173 | $2,457 |
| Jun | 62% | $212 | $3,393 |
| Jul | 65% | $216 | $3,850 |
| Aug | 52% | $187 | $2,787 |
| Sep | 47% | $161 | $2,078 |
| Oct | 53% | $157 | $2,280 |
| Nov | 51% | $157 | $2,169 |
| Dec | 52% | $155 | $2,274 |
Top Short-Term Rental Operators in San Antonio
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 312 | 13,836 | ★ 4.68 |
| 2 | Feliz Stays SA | 194 | 13,450 | ★ 4.72 |
| 3 | Landing, Inc. | 180 | 408 | ★ 4.31 |
| 4 | Vacasa | 160 | 5,325 | ★ 4.56 |
| 5 | New Braunfels Escapes | 157 | 5,662 | ★ 4.67 |
What Kind of STR Should I Buy in San Antonio?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 4,646 |
| 2 bed | 3,072 |
| 3 bed | 4,055 |
| 4 bed | 2,160 |
| 5 bed | 939 |
ADR by Property Tier
| Entire Home | $190 |
| Luxury | $388 |
| Professionally Managed | $208 |
Revenue by Dwelling Type
| Apartment | $2,242 |
| Entire Place | $2,897 |
| House | $2,960 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 45.3% |
| vrbo | 6.8% |
| both | 47.9% |
Investment Analysis
At a typical home value of $251,035 and an average monthly revenue of $2,752 in April 2026, a full-year annualized revenue estimate of $33,025 implies a gross yield of approximately 13.2%. That estimate uses the latest available single-month data and does not account for operating expenses, vacancy, or management fees; actual net returns will be lower. The 2025 annual average revenue of $2,815 per month implies $33,780 annualized against the same home value.
By listing type, houses generated $2,960 per month in April 2026 and entire-place listings averaged $2,897, while apartment-style units came in at $2,242. The gap is moderate compared to purely leisure markets. Luxury ADR reached $387.54 versus the market-wide $179.42, a substantial premium that reflects the upper end of the market. Professionally managed listings averaged $208.38, a 16% premium over the all-listings ADR.
The housing market shows a sale-to-list ratio of 0.955, meaning properties are generally closing below asking price. With 7,695 homes for sale and a median days-to-pending of 42, there is meaningful inventory and negotiating room for buyers. The typical home value of $251,035 is among the lower entry points for major US urban STR markets, which partially explains the relatively high gross yield estimate. The occupancy trend is modestly positive year-over-year (+0.95 points), though ADR is under mild downward pressure.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
San Antonio guests book an average of 33 days in advance (32.73-day lead time) and stay an average of 4.04 nights. The shorter lead time compared to coastal resort markets reflects the city’s strong convention and event-driven demand, where bookings often follow event-announcement windows rather than long vacation planning cycles.
The 4.04-night average stay is slightly longer than a typical weekend market but shorter than extended leisure destinations. This implies a moderate turnover rate. Operators should price around major city events (Fiesta San Antonio, Dia De Los Muertos, Spurs games) with shorter booking windows in mind, as demand spikes can fill inventory in the 14-to-30-day window before arrival rather than at the 60-to-90-day mark typical of beach markets.
Short-Term Rental Regulations
San Antonio requires all STRs (30 days or fewer) to hold a city-issued permit through the Development Services Department. There are two types: Type 1 applies to owner-occupied primary residences (owner must reside on-site at least 51% of the time), with no density limit. Type 2 applies to non-owner-occupied investment properties and is capped at 12.5% of dwelling units per residential block face, with a minimum of one Type 2 STR allowed per block face regardless. Multifamily buildings under 8 units are limited to a single Type 2 unit.
Permit fees were increased by City Council ordinance on June 13, 2024: Type 1 costs $300 per 3-year period, and Type 2 costs $450 per 3-year period, both renewable through BuildSA. Properties that received city housing incentives may not operate as Type 2 STRs.
The combined hotel occupancy tax rate is 17%: 6% Texas state HOT, 9% City of San Antonio HOT, and 2% Bexar County HOT (the county rate increased from 1.75% to 2% after Prop B passed in November 2025 to fund a new Spurs arena). Operators must file monthly HOT reports even in zero-revenue months. Platforms including Airbnb and Vrbo are required to remove unpermitted listings and remit city HOT directly.
Enforcement is strict: civil penalties, mandatory director meetings for repeat violators, and permit revocation for up to 3 years. STRs may not host large events and may not serve food or beverages to guests. No maximum nights cap exists under current city ordinance.
Market Comparison
San Antonio’s April 2026 ADR of $179.42 sits below the US national STR median of approximately $220, which is expected for a major urban market competing with a large hotel inventory. Its 54.4% occupancy is broadly in line with the national median of roughly 55%. The market’s 14,900 listings make it a substantial urban STR market by volume.
The operator landscape is more fragmented than coastal resort markets. Evolve leads with 312 listings and a 4.68 rating across 13,836 reviews. Feliz Stays SA ranks second with 194 listings and the highest average rating among the top five at 4.72 (13,450 reviews), indicating strong guest satisfaction at meaningful scale. Landing, Inc. holds 180 listings with just 408 reviews and a 4.31 rating, suggesting a newer or lower-traffic portfolio. Vacasa has 160 listings rated 4.56 (5,325 reviews), and New Braunfels Escapes rounds out the top five with 157 listings rated 4.67 (5,662 reviews).
No single operator controls more than about 2.1% of total market listings, indicating a highly decentralized market. The high investability score (76.1) relative to the total score (59.3) suggests the market is viewed as accessible and viable by operators but faces some headwinds on revenue growth (51.3 score).
Frequently Asked Questions About San Antonio, Texas
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