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Austin rental market data

Austin Rental Market Report

A data-backed Austin rental market report for landlords and rental property owners, combining rent trends, current leasing activity, and neighborhood-level rental data.

Austin rental market report

Austin rent trends, lease activity, and owner takeaways

This report combines citywide rent movement, current leasing activity, and neighborhood-level rental signals. The sources measure different slices of the market, so the page uses them together for context rather than treating any one number as a guaranteed property rent.

City rent index $1,595 -2.5% year over year as of 2026-05-31
Median lease $2,596 3.8% from last year MTD
Month-to-date leases 838 -21.5% from last year MTD
78704 median rent $2,100 647 active rental listings in ZIP 78704
City rent trend

Austin rents softened through the last 12 months

Austin city rent trend last 12 months Austin city rent trend moved from $1,636 to $1,595 over the last 12 available months. $1,636 $1,573 $1,595
Market foundation

Austin has a large renter base and real listing competition

City population 993,588 Estimated residents as of July 1, 2024.
Population growth 961,899 to 993,588 Austin population estimate from the 2020 base to the 2024 estimate.
Owner-occupied housing rate 43.4% A lower ownership rate means a large renter base and more professional rental competition.
Median gross rent $1,729 Longer-term Census rent context for 2020-2024.
Average asking rent $1,850 Public market snapshot showed asking rent down $148 year over year.
Rental inventory 6,502 rentals Public listing snapshot also showed about a $1,800 median rent.
Neighborhood context

Rent varies meaningfully across Austin submarkets

78741
$1,250
West Campus
$1,537
Northwest Austin
$1,595
Central Austin
$1,779
78704
$1,995
Metro context

The broader Austin area is tracking a similar pattern

Dec '25
$1,608
Jan '26
$1,607
Feb '26
$1,614
Mar '26
$1,621
Apr '26
$1,629
May '26
$1,635

The metro index ended at $1,635, down -2.2% year over year and -9% from the same month three years earlier.

Leasing activity

Current Austin-area leasing snapshot

MetricLatest valueChange / context
Number of leases838-21.5% from last year MTD
Median lease$2,5963.8% from last year MTD
Average rent per square foot$1.902.8% from last year MTD
Total lease volume$2.56M-19.4% from last year MTD
Median days on market19 days1 day lower than last year MTD
New rental listings1,182-16.7% from last year MTD
New pendings1,000-4.3% from last year MTD
Original list to close97.9%0.28% from last year MTD
Neighborhood-level rent detail

78704 shows why neighborhood and property type matter

Average rent $2,719 All rental property types in the ZIP-level dataset
Median $/sqft $2.3 Average $/sqft: $2.38
Median DOM 30 days Average DOM: 68.69 days

ZIP-level rental data is useful for property-type splits, bedroom splits, rent per square foot, and listing-count context. For Austin, it helps explain why a citywide number should not replace submarket comps.

Rental listings by property type

Apartment
194
Condo
189
Multi-Family
102
Single Family
142
Townhouse
20
Bedroom rent check

78704 median rent by bedrooms

MetricLatest valueChange / context
Studio$1,00038 listings; median DOM 118 days
1 bedroom$1,445206 listings; median DOM 58 days
2 bedrooms$2,200243 listings; median DOM 29 days
3 bedrooms$4,200131 listings; median DOM 18 days
4 bedrooms$6,25026 listings; median DOM 20 days
5 bedrooms$9,5003 listings; median DOM 109 days
Owner interpretation

What this report changes for Austin owners

Price from current compsCity rent movement and softer lease activity both point to a market where owners should verify current competing listings before assuming last year's rent still holds.
Separate citywide data from ZIP data78704 rents look very different from Austin's citywide index. Owners should use city data for direction and property-level comps for final pricing.
Watch lease-up frictionCurrent activity shows lower month-to-date lease volume and new listings compared with last year, while ZIP-level data shows meaningful active inventory in 78704.
Use the report as a planning baselineThe right management plan should connect rent, condition, tenant fit, maintenance readiness, renewal timing, and owner cash flow.

* IMC Capital sources data from multiple online references like Zillow Research, Unlock MLS, RentCast, and more. Report data is directional and should be reviewed with current property-level comps before making pricing decisions. Compare this city with other supported markets in Explore Central Texas Markets.

How Austin landlords should use this report

The data is most useful as a planning baseline. Citywide Austin rent trends help owners understand direction, current leasing activity helps explain market pressure, and ZIP-level data shows why neighborhood and property type matter. A single-family rental in 78704, a condo near downtown, a student-oriented property, and a suburban-style house on the edge of Austin can all behave differently.

Owners should use the report to frame these decisions:

  • Initial rent price: Compare the property against current active listings and recently leased comps, not just last year's rent.
  • Lease-up timeline: Prepare photos, access, condition, pet policy, and response workflows before listing.
  • Renewal strategy: Compare renewal rent against current market alternatives and vacancy risk.
  • Maintenance planning: Account for Austin heat, HVAC demand, make-ready timing, and tenant expectations.
  • Management fit: Decide whether the property needs leasing support, full-service management, reporting, maintenance coordination, or a more detailed rent analysis.

For service support, see IMC Capital's Austin property management, residential property management services, and property management pricing.

Frequently asked questions about the Austin rental market

Are Austin rents going up or down?

The city-level rent data used in this report shows Austin's rental index lower year over year as of March 2026. That does not mean every property should reduce rent, but it does mean owners should validate pricing against current comps and renter response.

Why can median lease data differ from rent index data?

They are different datasets. One view is designed to show rent trend direction, while another reflects recent leasing activity. They should be read together as market context, not blended into one guaranteed rent estimate.

Why include ZIP-level data for 78704?

ZIP-level rental metrics are useful for understanding property type, bedroom count, rent per square foot, listing counts, and days on market. The first pilot uses 78704 to show how local data can fill gaps that citywide data cannot.

Can IMC Capital estimate rent for my Austin rental property?

Yes. IMC Capital offers a free market analysis to help owners review rent potential, competing listings, property condition, and next steps. The analysis is guidance, not a guaranteed rental amount.

How often should this Austin rental market report be updated?

The ideal refresh cadence is monthly. Public rent exports, local market reports, and selective API data can be reviewed after the monthly data is complete, then the page can be updated with a visible source date.

Want help interpreting your Austin rental?

Get a free market analysis and turn the report data into a practical pricing, leasing, and management plan for your property.