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Austin's rising rents show hot demandAustin's rising rents show hot demandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133192016-05-25T05:00:00Z2016-05-25T21:00:00Z

AUSTIN - Austin's rising rents, like overall housing prices in the region, are not slowing down.

Austin was the 20th-most expensive city in the U.S. for renters in April, according to a blog post from real estate website Zumper.com.

According to the post, one-bedroom units had a median price of $1,150 per month, while two-bedroom units came in at a median price of $1,500.

That's an 11 percent increase over the year-before period for single-bedroom units and a 9 percent increase for two-bedroom units.

View the map here. It breaks down the median one-bedroom rent in several neighborhoods. The most expensive area is downtown Austin with median rents hovering around $1,900.

Lower rents can be found near the University of Texas, where the median rent was $990.

Austin Business Journal
Austin-Round Rock
Multifamily
http://www.bizjournals.com/austin/blog/real-estate/2016/05/austins-rising-rents-mapped.html

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