Spotting an apartment in Austin is easy to do. Finding one in the area you’d like, and within your budget is a different story. The average rental apartment in Austin is priced at 6% higher than a year ago, but that is not keeping Austinites from renting! While apartment demand took a small dip in Q2, they bounced back in Q3 with a more than 1% increase even with the monumental inventory hitting the market.
Austin is a great place to live and work, it attracts hundreds of people every year. Many more apartment units will be hitting the multi-family market in the upcoming months and rent will continue to rise due to the higher priced newer inventory. Making it that much more important that you utilize an expert when you are searching for an apartment in Austin.