Austin Rent Is 6th Fastest Growing in the US - Austin Local
  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


Happy Valentine's Day, Austin! You make us #realtyawesome and we hope YOU are feeling the LOVE today and every day! #realtyaustin #makethemove ...

71 1

Since 2011, the Women of Hope have raised over $600,000 to support housing, education, and programs for SAFE|Children's Shelter. The Women of Hope are on a mission to make the world a better place for abused and neglected children. Learn more with the link in bio 🏡❤️#OurAustinPledge #KeepAustinSAFE #AustinLocal #RealtyAustin #SAFEChildrensShelter
#SAFEHousing #WomenOfHope

44 1

For nearly 35 years, Austin Habitat for Humanity has been on a mission to end the cycle of poverty housing. With over 470 homes built by staff and community volunteers, this extraordinary non-profit holds true to their belief that everyone deserves a decent, affordable place to live. Austin Habitat For Humanity CEO, Phyllis Snodgrass, digs deeper into the importance of bringing people together to build strong, stable and self-reliant communities. 🏡❤️ #OurAustinPledge #KeepAustinAffordable #AustinLocal #HereYouGrow #RealtyAustin #AustinHabitatForHumanity #Austin #GiveBack ...

41 0

Happy 2020 Austin! Here's to another year of building strong communities and making our city the best place to live together. Thank you to our #RealtyAwesome team of rockstar agents and their clients! #ThankYou #HappyNewYear #LoveYourCity #WorkHard #PlayHard #GiveBack #RealtyAustin #HereYouGrow ...

43 1

Since opening its doors in 1990, Foundation Communities has helped over 6,000 families and individuals find a home and a better quality of life! Hear why the founder, Walter Moreau, gives back to Austin. 🏡❤️ #ouraustinpledge #keepaustinaffordable #austinlocal #foundationcommunities #keepaustinweird #affordablehousing ...

48 1

We're giving back to Austin in a big way this year! If you've got a place in your heart this holiday season and are looking for a way to make an impact within our community, please visit to partner with one of our Affordable Housing Pioneers or check out our Holiday Giving Guide. #OurAustinPledge #WorkHardPlayHardGiveBack #RealtyAustin #RealtyAwesome #GiveBack ...

32 2

Want to hear from the owners of Realty Austin on why they think it’s important to give back to the community? 🏡❤️
#OurAustinPledge #AustinLocal #WorkHardPlayHardGiveBack #KeepAustinAffordable

73 1

Pin It on Pinterest