Apartments in Gracy Woods Austin

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22
$1,708 - 3,654
Austin, TX
1 - 3 BR | Available Now
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Fitness Center
Dishwasher
$7,500
Austin, TX
4 BR | Ask for Availability
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13
$6,695
Austin, TX
4 BR | Available Now
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Dog Friendly
Cat Friendly
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Balcony/Deck/Patio
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7
$1,923 - 2,839
Austin, TX
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Disability Access
126
$1,349 - 2,399
Austin, TX
1 - 3 BR | Ask for Availability
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25
$2,450
Austin, TX
3 BR | Available Now
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Dog Friendly
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Balcony/Deck/Patio
Dishwasher
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Austin:
February Rent Report

Welcome to the February 2024 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2024 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.

Monthly Rent Report

$2,050
$1,540
$1,030
$510
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Austin Rent Prices Increase From January to February

Austin rent prices increased over the last month. From January to February, the city experienced a 0.98% increase for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,539.0.

When we take a look at the two-bedroom comparison from January to February, Austin experienced a 0.8% increase for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,898.0.

February Prices: Austin vs. Surrounding Areas

Buda, TX
Pflugerville, TX
Austin, TX
Round Rock, TX
Hutto, TX
Cedar Park, TX
Georgetown, TX
San Marcos, TX
$1,807
$1,538
$1,518
$1,493
$1,485
$1,466
$1,343
$1,173
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Austin and Surrounding Areas

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 3 of the Austin suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Round Rock, TX, San Marcos, TX, Hutto, TX .

  • Rent decreased in Buda, TX, Cedar Park, TX, Georgetown, TX, Pflugerville, TX.

  • 1 suburb is currently priced higher than the city of Austin.

  • 6 suburbs are currently priced lower than the city of Austin.

February 2024 Pricing Trends: Austin vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Austin, TX
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,980
$3,015
$2,367
$2,327
$1,832
$1,518
$1,297
$1,231
$1,102
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Austin Rent Prices More Affordable Than Major Cities

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.

For more information about Austin and surrounding area rent prices, take a look at the complete data set below.

Data set for Austin and suburbs

1 BR February 1 BR M/M % Change 2 BR February 2 BR M/M % Change
Austin, TX $1,518.0 -0.59% $1,864.0 0.27%
Round Rock, TX $1,493.0 0.13% $1,739.0 0.17%
San Marcos, TX $1,173.0 1.56% $1,323.0 1.38%
Buda, TX $1,807.0 -0.11% $2,624.0 0.00%
Cedar Park, TX $1,466.0 -0.34% $1,918.0 -0.10%
Georgetown, TX $1,343.0 -0.15% $1,709.0 0.77%
Pflugerville, TX $1,538.0 -1.09% $2,027.0 -1.32%
Hutto, TX $1,485.0 1.16% $1,850.0 0.27%

Methodology

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.