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Austin Apartment Median Rent Jumps to $1,080 for One-Bedroom

Rates rose second-fastest in state

According to numbers released today on Apartment List's Rentanomics blog, since March 2015, only one Texas city had a higher rate of rent growth than Austin's, which also placed third on the list of the state's most expensive rental cities for the same period.

Median area rent rose 6.7%, to $1,080 for a one-bedroom apartment and $1,500 for two-bedroom. Dallas and Houston took the number one and two spots, respectively, as the state's most expensive rental markets, but Austin lagged behind only Plano for its rate of increase in the past year.

Overall, the blog reports, Texas' rents rose at a slower rate than those of the country as a whole. You can look at the full report here.