What's in your neighborhood? Austin's median rental ratesWhat's in your neighborhood? Austin's median rental rateshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=13242015-04-07T09:08:00Z2015-04-07T07:00:00Z

AUSTIN - Zumper, a new San Francisco startup, released its first map of rental rates for apartments throughout the Austin area.

Though Austin’s rental rates have been rising for years, overall the market is fairly tame.

Austin ranks No. 21 for monthly median apartment lease rates at $1,030 for a one-bedroom unit. A two-bedroom unit has a median lease rate of $1,380 per month.

The nation’s largest metro markets continue to be very expensive but it might be surprising to note that Minneapolis, Minnesota; Portland, Oregon; and Baltimore, Maryland are all more expensive than Austin.

In Texas, Dallas and Houston also are more expensive than Austin.

Austin Neighborhoods
Median Monthly Rent*
Rank Neighborhood Median
1 Downtown Austin $1,913
2 East Cesar Chavez $1,589
3 Central East Austin $1,575
4 Old West Austin $1,544
5 Zilker $1,500
6 Holly $1,425
7 RMMA $1,377
8 Triangle State $1,344
9 Rosedale $1,320

*Median monthly rent figures include one-bedroom apartments.

Need a visual? See the map here!

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/04/survey-downtown-austin-rents-are-pricey-but-good.htmlRead more at {Source}

 Search NewsTalk Texas