Dropping two spots this month, Austin ranked as the 28th most expensive city to rent in the nation. The price of one bedroom units decreased 3.4% to a median of $1,130, while two bedroom units fell 2.1% to $1,430.
University of Texas Austin and South River City had the fastest growing rents this winter, both up around 12% since last quarter.
Downtown Austin ($1,920), Old West Austin ($1,700), East Cesar Chavez ($1,600) were the most expensive neighborhoods to rent. Close behind and tied for fourth, Holly and Zilker were the next priciest areas, with median rents of $1,580 for one bedroom units. Rentals for less than $1,000 a month could be found in Montopolis, Pleasant Valley, and Windsor Park.
To see how Austin’s rents compare with the rest of the nation’s, view 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 over 5,800 Austin apartments for rent on Zumper.
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