Monthly apartment rent and rental growth in Austin, TX, 2018-2023
The median rent for one- and two-bedroom apartments in Austin, Texas, amounted to 1,501 U.S. dollars by the end of 2023. Rents increased slightly after the start of the coronavirus pandemic, but in October 2021, rents surged by almost 28 percent. Finally, in December 2023, the rental growth rate experienced a decrease of 5.4 percent. Among the different states in the U.S., Texas ranks as one of the mid-price range rental markets.