The Zumper Austin Metro Area Report analyzed active listings in October 2019 across 8 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Texas one bedroom median rent was $961 last month.
The Most Expensive
–Austin was the most expensive city with one bedrooms priced at $1,260.
–Cedar Park rent dropped 0.9% to $1,120 and ranked as the second priciest city.
–Leander was third with rent at $1,090.
The Least Expensive
–San Marcos ranked as the most affordable city with one bedrooms priced at $900.
–Round Rock was second with rent at $1,020.
–Kyle ranked as third with rent growing 2.0% to $1,040.
The Fastest Growing (Y/Y%)
– Kyle had the fastest growing rent, up 6.1% since this time last year.
– Austin saw rent climb 4.1%, making it the second fastest growing.
– Georgetown was third with rent growing 2.9%
The Fastest Growing (M/M%)
– Austin had the largest monthly rental growth rate, up 4.8%.
–Cedar Park rent jumped 2.0% last month, making it the second fastest growing.
–San Marcos ranked as third with rent up 1.0%.
About
The Zumper Austin Metro Area Report analyzed active listings
that hit the market last month. Listings are aggregated by city to calculate
median asking rents.
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