Economy | News | Real Estate

Austin Rent Is 6th Fastest Growing in the US

Read time: 1 minute

MPF Research, a site for apartment market intelligence, has confirmed that Austin rent prices for apartments are among the fastest growing rates in the nation. In just the last year, rent for Austin apartments has increased by 6.1 percent, which was noted as the 6th largest rent increase in the US. Austin is the only Texas metro area in the top 10 leaders of the list.

This year the average rent in Austin was about $917 and the city-wide apartment occupancy was recorded at a whopping 94.6 percent. Have you been searching for the perfect Austin apartment in a great area with reasonable rent prices recently? If you have, you are probably aware that chances are slim in finding your apartment paradise. With populations rising and the allure of being centrally-located, you can bet that if you find a perfect apartment to settle yourself in, the rent isn’t going to be cheap.

Great news for investors and construction companies, though! Since demand is at record highs, Austin apartment construction businesses and investors are clawing at any spaces they can find. Austin Business Journal shares that a local investor, Austin Investors Interests LLC, has over 9,000 units under construction with just as many lined up to begin construction next year.

With scarce space and such high demand, most units being constructed in the near future will of course be high-rise structures close to or in Downtown Austin. So, if are looking for an apartment in Central Austin, if you aren’t a penny-pincher, and if you don’t have a fear of heights, the next year will be flourishing in options for you to take advantage of.

Related links

Leave a Comment

Related Posts

None found


Are you looking for the most up-to-date and easy-to-use home search website in Austin? You’re in the right place! Explore, Austin’s #1 home search website. Check out the full home search video on IGTV or use the #RAlinkinbio. Find your next home today! 🏘️ 💻 📱 #realtyaustin #makethemove #austinrealestate⁠⠀ ...

@foundationcommunities is on a mission to end the affordable housing crisis that many Austin residents face, now more than ever. Realty Austin, Co-Owner, @yvetteboatwright sits down with Foundation Communities CEO, Walter Moreau to discuss the program's community initiatives to provide safe affordable housing while enhancing the quality of life for the community members in need. Get involved and watch the full interview using the #RAlinkinbio ❤️ 🏡 #ouraustinpledge #realtyaustin #foundationcommunnities #affordablehousing ...

Realty Austin is honored to be ranked #3 on the Austin American-Statesman‘s 2020 @topworkplaces of Greater Austin list! 🏆🎉 Rated in areas of leadership, ethics, values, and treatment of employees, we are proud to be on this list for the ninth year in a row. Check out the #RALinkInBio to learn more about why Realty Austin is consistently voted a Top Workplace! #topworkplaces #realtyaustin #realtyawesome ...

This error message is only visible to WordPress admins

Error: API requests are being delayed. New posts will not be retrieved for at least 5 minutes.

Pin It on Pinterest