April Rental Report: San Marcos Continues To Have Lowest Rent In Local Metro
By Crystal Chen
The Zumper Austin Metro Area Report analyzed active listings in April 2020 across 8 metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The Texas one-bedroom median rent was $940 last month.
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The Most Expensive
• Austin was the most expensive city with one-bedrooms priced at $1,270.
• Georgetown rent grew 5.5% to $1,160 and ranked as the second priciest.
• Cedar Park was third with rent at $1,150.
The Least Expensive
• San Marcos ranked as the most affordable city with one-bedrooms priced at $910.
• Round Rock was second with rent at $1,020.
• Kyle’s rent dropped 1.0 percent to $1,040 and ranked as the third least expensive.
The Fastest Growing (Y/Y Percent)
• Cedar Park had the fastest-growing rent, up 8.5 percent since this time last year.
• Kyle saw rent climb 6.1 percent, making it second.
• Austin was third with rent jumping 5.8 percent.
The Fastest Growing (M/M Percent)
• Cedar Park had the largest monthly rental growth rate, up 5.5 percent.
• San Marcos’s rent increased 1.1 percent last month, making it the second-fastest-growing.
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The Zumper Austin Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
