Austin is the 25th most expensive rental market in the country this month, according to national rental listings site Zumper. That’s actually a drop from the No. 24 spot in the company’s last report, so, silver linings and all.
Nationally, the median price of both one- and two-bedrooms rentals fell simultaneously for the first time this year. One-bedrooms dropped 0.8%, to $1,146, while two-bedroom spaces decreased 1%, to $1,358.
In Austin, however, the price of one-bedroom units increased 1.8%, to a median of $1,130, while two-bedrooms units remained flat at $1,440.
Zumper also reports that Austin’s median rent for a one-bedroom space has increased 0.9% since last year, while two-bedroom rental median decreased 1.14% since that time.
Zumper used its own platform for realtors and brokers as well as other real estate sites’ listings to get its data for the study. You can read the full report here.
• Zumper National Rent Report: September 2016 [Zumper]