Ten other cities in the country are larger than Austin, and three of those also make their home in Texas. While it might not be the largest city in a state that values size, it is still the Capitol. Austin is a city with several thriving industries that employ its roughly 885,000 residents. The government, education, and the technology sectors are just some of the important players in the Austin economy. Many major tech companies, including Apple, Google, IBM and 3M have offices in Austin. In addition, the city is home to the University of Texas at Austin, the largest in the University of Texas system. There are also well over a dozen other universities and colleges of all sizes and specialties found throughout the Texan Capitol.
The summer is preferable to the winter when it comes to looking for apartments in Austin. The available selection tends to tighten up a little during the winter months. June, July and August are all very good times to start pounding the pavement to find an apartment in Austin.
Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.
There's no magical secret to finding a great apartment in Austin. Just try to keep in mind the things that landlords want in a good tenant. Things like professionalism, stability, responsibility and good communication skills are all important to landlords. If you can evidence this through your application, interview, or references, you're off to a great start.
Austin is not a walking town, unless you're restraining yourself to the University of Texas campus. Instead, try taking the Capital Metro bus system. There is also a rail line that helps people commute between the northwest and downtown. Driving is an option used by many, but be warned that if you're heading downtown, parking is both expensive and hard to come by.
The Museum is home to both an Art and a Science and History museum, which when combined with the very beautiful campus can make for a perfect outing. The Capitol building is an important and spectacular piece of Texas history. Swimming is a popular activity in the summer heat, and there are several spring fed pools such as Barton Springs pool that are open to the public. Also in the summer, you can check out the world-famous SXSW festivals.
Welcome to the May 2022 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2022 key findings and figures for the Austin rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Austin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Austin average rent prices in the chart below.
Austin rent prices increased over the last month. From April to May, the city experienced a 2.24% increase for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,503.0.
When we take a look at the two-bedroom comparison from April to May, Austin experienced a 2.39% increase for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,844.0.
Rent prices have increased in Austin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 7 of the Austin suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in San Marcos, TX, Pflugerville, TX, Round Rock, TX, Georgetown, TX, Cedar Park, TX, Kyle, TX, Leander, TX .
Rents did not decrease in any of the Austin suburbs.
1 suburb is currently priced higher than the city of Austin.
6 suburbs are currently priced lower than the city of Austin.
Rent growth in Austin over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin average rent prices appear to be relatively affordable for local residents.
The price for a Austin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's May 2022 National Apartment Report and data set here.
For more information about Austin and surrounding area rent prices, take a look at the complete data set below.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|San Marcos, TX||$1,044.0||1.56%||$1,233.0||1.98%|
|Round Rock, TX||$1,379.0||5.43%||$1,743.0||5.06%|
|Cedar Park, TX||$1,418.0||4.65%||$1,835.0||2.74%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.