Austin is now the 24th most expensive rental market in the country, tied with Madison, Wisc. That’s according to a recent report by national rental site Zumper, which puts median rental prices citywide for one-bedrooms at $1,100 and two-bedrooms at $1,450.
Zumper’s rental rankings of 100 U.S. cities shows Austin rent overall dipped a bit in June—not that surprising, given that a yearly student exodus is still part of the local rental formula. More interesting is Zumper’s map that breaks down the median by neighborhood.
According to the site, the MLK neighborhood, with median one-bedroom rents around $1,200, had the fastest rental growth this summer, with the median price of one bedrooms up 9 percent since last quarter.
More predictably, Old West Austin, East Cesar Chavez, and Boudin Creek were the most expensive rental neighborhoods to rent, all with median asking prices that were over $1,600 for one-bedroom units.
You can check out the full map and report at the link below.
• Mapping Austin Rent Prices This Summer (July 2016) [Zumper]