Another Month Of #SMTX Having Lowest Rental Costs In Austin Metro Area

Another Month of #SMTX Having Lowest Rental Costs In #Austin #metro Area

Crystal Chen

The Zumper Austin Metro Area Report analyzed active listings in September 2019 across 7 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Texas one bedroom median rent was $964 last month.

The Most Expensive

• Austin was the most expensive city with one bedrooms priced at $1,250.

• Cedar Park rent grew 2.7% last month to $1,130 and ranked as the second priciest city.

• Georgetown was third with rent at $1,080.

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The Least Expensive

• San Marcos ranked as the most affordable city with one bedrooms priced at $900.

• Round Rock was second with rent at $1,010.

• Leander ranked as third with rent down 1.9% to $1,040.

The Fastest Growing (Y/Y%)

• Cedar Park had the fastest growing rent, up 2.7% since this time last year.

• Austin saw rent climb 1.6%, making it the second fastest growing.

• Pflugerville was third with rent growing 1.0%

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The Fastest Growing (M/M%)

• Austin had the largest monthly rental growth rate, up 3.3%.

• Cedar Park rent jumped 2.7% last month, making it the second fastest growing.

• San Marcos ranked as third with rent up 1.1%.

Source: Zumper