Austin remained the 20th most expensive rental market in December, with the median for one bedrooms growing a slight 1.8% to $1,130 and the median for two bedrooms growing 2.1% to be $1,490. Although prices had fairly small increases this month, Austin’s one bedroom rents are up 13% year over year, making it the third fastest growing rental market in the nation.
The most expensive neighborhoods in Austin last month included Downtown Austin ($1,920), Old West Austin ($1,700), and East Cesar Chavez ($1,700). If you’re looking to live around central Austin but can’t afford the prices of the most expensive neighborhoods, West University ($1,050), South River City ($1,250), and Barton Hills ($1,270) are more affordable options close to the center of the city. Moving toward the northern periphery of the map, neighborhoods can be found priced between $800-$1,050.
If you’re interested in seeing how Austin compares to the rest of the United States, view our January 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 4,500 Austin apartments for rent on Zumper.
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