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Austin rent is 26th highest in United States

Median apartment price drops slightly

Austin closes out 2016 as the city with the 26th highest rent in the country, according to a new report by apartment rental listing site Zumper.

The site analyzes 100 U.S. cities monthly to create its National Rent Index, using data from its millions of listings. Austin is usually ranked in or close to the top quarter, hovering in the 24-26 area, ranking-wise.

The site’s January 2017 finds median rents on the rise nationwide—with one-bedroom apartments up 0.8% to $1,139/month and two bedroom up 0.6%, to $1,348/month, since December—but Austin rents declined during the same period.

Locally, the price of one-bedroom units dropped 1.7%, to $1,170, while two-bedroom apartments fell 2.7%, to $1,460/month.