Falling two spots last month, Austin started off the year as the 31st most expensive rental market in the nation. One bedroom rent dropped 3.4% to $1,150, while two bedrooms decreased 1.4% to $1,450.
(This map is interactive so hover and zoom over neighborhoods and the legend for more info.)
While East Austin and Pemberton Heights had the fastest growing rent this quarter, both up around 17%, North Loop – Ridgetop and MLK-183 took the biggest rent dips, both down over 13%.
Above the $2,000 threshold, Downtown Austin continued to reign as the most expensive neighborhood to rent this winter. Holly ($1,690) moved up a spot to rank as the second priciest area, while East Cesar Chavez ($1,630) fell to third. Clarksville, Zilker, and Mueller, all priced at $1,500 and above, were the next most expensive neighborhoods.
More affordable rentals, priced around $1,000, could be found in MLK, Riverside, and South Lamar.
To see how Austin’s rents compare with the rest of the nation’s, check out our February National Rent Report, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow us on Facebook, Gazouillement, ou Pinterest. In the market for a new place? Search all Austin apartments for rent on Zumper now.
For a refresher on how we analyze our rental data, view our methodology blog post here.
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