Austin market rental trends report

Over the past six months, Austin, TX, has experienced a significant decline in rental prices, with rents dropping approximately 22% from their peak in the summer of 2023. This decrease is primarily due to a surge in housing construction during 2023 and 2024, leading to an oversupply of rental units. Additionally, high mortgage rates have deterred potential homebuyers, increasing rental demand. Currently, the median rent in Austin is approximately $1,511. 

Georgetown

​Over the past 3 to 6 months, Georgetown, TX, has experienced a slight decline in rental prices. For instance, as of August 2024, one-bedroom apartments saw an approximate 8% decrease, averaging $1,453, while two-bedroom units decreased by around 6%, averaging $1,834. This trend is largely due to an increase in rental vacancies, with the rate standing at 4.9%, indicating that supply is beginning to catch up with demand. In March 2025, the median rent for an apartment is approximately $1,577 per month, with an average size of 976 square feet.

Round Rock

Over the past 3 to 6 months, Round Rock, TX, has experienced a slight fluctuation in rental prices, with a modest decrease followed by a recent uptick. For instance, the average rent decreased by $90 year-over-year but saw a month-over-month increase of $60 as of March 18, 2025 . This recent increase can be attributed to factors such as population growth and the city's rising popularity, which have heightened housing demand. Currently, the median rent for apartments in Round Rock, is approximately $1,446 per month. 

Apartment listings

Below are some recent listing examples.

MAA South Lamar

• Studio/1 Bath
• 401 sq. ft.
• Rent: $1,082

DK Riata

• 1 Bed/1 Bath
• 750 sq. ft. 
• Rent: $1,347

Lenox Grand

• 2 Beds/2 Baths
• 974 sq. ft. 
• Rent: $2,138

Marquis at Treetops

• 3 Beds/2 Baths
• 1,409 sq. ft.
• Rent: $2,341

(Data sourced from Apartments.com)