Austin Rental Market

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August 6, 2023

Austin, Texas is a popular destination for people looking for a vibrant city with a strong economy, a mild climate, and plenty of things to do. As a result, the rental market in Austin is very competitive.

The median rent for an apartment in Austin is $1,700. This is higher than the national median rent of $1,100, but it is still relatively affordable compared to other major cities in Texas. For example, the median rent in Dallas is $1,800, and the median rent in Houston is $1,650.

The most affordable neighborhoods in Austin are East Austin, South Austin, and Hyde Park. These neighborhoods offer a variety of rental options, including apartments, houses, and condos. The average rent in these neighborhoods is around $1,500.

The most expensive neighborhoods in Austin are Downtown Austin, West Austin, and North Austin. These neighborhoods offer luxury apartments and condos with amenities such as pools, gyms, and parking. The average rent in these neighborhoods is around $2,000.

The rental market in Austin is expected to remain competitive in the coming years. The city is growing rapidly, and there is a high demand for rental housing.