Austin Market Rental Trends Report
Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.
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Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.
Rents in Austin have shown signs of stabilization in the last 3 months, with prices for all apartment sizes staying relatively flat after a period of decline. This is most likely due to a boom in housing contruction that led to oversupply of inventory. The current median rent in Austin sits around $1,568 for a one-bedroom apartment.
Georgetown
Renting in Georgetown has gotten slightly more affordable in the last 6 months, particularly for studios and one-bedroom apartments, due to the seasonal dip in prices typically seen in the fall and winter. The current median rent in Georgetown sits around $1,365 for a one-bedroom apartment.
Round Rock
Rent prices in Round Rock have seen a significant decrease over the past year, with all apartment sizes experiencing a downward trend. This decline is most notable in the last 3 months, where rents dropped by an average of 7.8%, due to seasonal fluctuation. Despite the decrease, Round Rock's current median rent sits at $1,290 for a 1-bedroom apartment.
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