Central Texas Rental Market

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August 6, 2023

Central Texas is a region in the state of Texas that includes the cities of Austin, San Antonio, and Waco. The region is home to a diverse population and a strong economy, making it a popular destination for renters.

The rental market in Central Texas is competitive, with average rents rising by 5.5% in the past year. The median rent for an apartment in Central Texas is $1,400. This is higher than the national median rent of $1,100, but it is still relatively affordable compared to other major metropolitan areas in the United States.

The most affordable neighborhoods in Central Texas are Round Rock, Cedar Park, and Pflugerville. These suburbs offer a variety of rental options, including apartments, houses, and condos. The average rent in these neighborhoods is around $1,200.

The most expensive neighborhoods in Central Texas are Downtown Austin, South Congress, and The Domain. 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 Central Texas is expected to remain competitive in the coming years. The region is growing rapidly, and there is a high demand for rental housing.