Austin's rental market has recently exhibited signs of a slight decline in rental rates over the past three months, as prices across all apartment sizes had plateaued in the last year. This decline is attributed to an influx of new housing developments, resulting in an oversupply of available units. Presently, the median rent for an apartment in Austin stands at approximately $1,707.

Georgetown

Over the past three months, renting in Georgetown has become somewhat more budget-friendly for one and two-bedroom apartments, while studio and three-bedroom apartments have increased in price. This is likely due to the region's growing popularity among young single professionals and families with children. Currently, the median rent for an apartment in Georgetown is approximately $1,625.

Round Rock

Rent prices in Round Rock have stabilized with minimal fluctuation over the past six months, showing little change across all apartment sizes. This stability is particularly evident in the last three months, where rents have remained relatively steady. This reflects a balance between housing supply and demand in the area. Round Rock's current median rent of $1,516 for apartments.

Apartment Options

The Addison

• Studio/1ba
• Sq Ft: 597
• Rent: $1,245

Lenox Grand

• 1bed/1ba
• Sq Ft: 613
• Rent: $1,419

Marquis at Great Hills

• 2bed/2ba
• Sq Ft: 1,152
• Rent: $1,789

Rivery Park

• 3bed/2ba
• Sq Ft: 1,410
• Rent: $2,150