What Austin neighborhoods had the most expensive rents this spring? Some will not surprised to learn that they were as follows: Adjacent Downtown Austin ($1,990 median one-bedroom apartment monthly rate), East Cesar Chavez ($1,650), and Holly ($1,600).
That’s according to a study by rental listings site Zumper, which listed Austin as the 33rd most expensive rental market in the country this month.
The price of one-bedroom apartments remained flat, at $1,050 per month, while two-bedroom units grew a slight 0.8%, to $1,340, according to the report.
Rosewood and Windsor Road had the fastest growing rents since last quarter. Rents in both areas increased more than 9 percent.
In North Central Austin, Hyde Park, Triangle State (the area around the Triangle between Guadalupe and Lamar, which has only a modest number of residential units, since it also contains the Central Market and other retail areas, a medical building, and UT’s intramural fields), and Rosedale were more affordable areas priced closer to the $1,000 range.
East Riverside, Dawson-Galindo, Pleasant Valley, Montopolis, East MLK-183, North and West University, and Windsor Park all fell right at or below the median rent for a one-bedroom.