Local insights and market facts to help you make informed decisions
Austin dethroned Oklahoma City as America's most affordable rental market in 2025, thanks to massive new construction.
Average rents fell $139 from 2022 peaks as 34,000+ new apartments came online.
Texas prohibits rent control statewide—tenant protections are more limited than coastal cities.
Austin, TX 78717
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Austin, TX 78723
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Austin, TX 78720
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Austin, TX 78719
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Austin, TX 78726
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Austin, TX 78707
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Austin, TX 78711
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Austin, TX 78744
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Austin, TX 78738
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Austin, TX 78750
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Austin, TX 78725
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Austin, TX 78714
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Negotiate—landlords are competing for tenants in the current market
Check for move-in specials; many complexes offer 1-2 months free
Texas has no rent control, so renewal increases can be significant
Austin's rental market has undergone a dramatic transformation. After years of explosive growth, a massive building boom delivered 34,000+ new apartments, cooling rents and making Austin America's most affordable major tech hub in 2025.
The Austin area saw average rents drop $139 from 2022 peaks. Downtown units average $2,450 for one-bedrooms, but suburban options are significantly cheaper. Unlike coastal cities, Texas prohibits rent control, so tenant protections are more limited—but the current supply glut gives renters negotiating power.
In a market flooded with new construction, quality varies dramatically. Tenant reviews reveal which new buildings deliver on promises, which management companies respond to issues, and which older properties have been well-maintained.