Luxe Austin Homes - apartments

"Kyle's apartment rent prices rivaled Austin's, surpassed suburbs in June"

CultureMap Austin shares, "apartment rent prices in June were more expensive in Austin and Kyle than they were anywhere else in the metro, according to the latest monthly rental report from Zumper.

The rent report, which analyzed active listings from the previous month across all cities in the Austin area, tracks the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

Despite being the most expensive rent in the region last month, the asking rent for one-bedroom apartments in both Austin and Kyle technically hasn't risen or decreased since this time last year. The asking rent for one-bedrooms in both…

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"Multifamily project on tap along Colorado River in East Austin"

Austin Business Journal shares, "An East Austin lumber yard could be redeveloped into hundreds of multifamily units.

The 300-plus-unit project is planned at the former site of Eastside Lumber & Decking near the intersection of East Cesar Chavez Street and North Pleasant Valley Road.

The developer of the project, JLB Cesar Chavez, is Dallas-based JLB Partners, according to a filing with the Texas Department of Licensing and Regulation. The property owner is an entity called TRG Cesar Burleson LLC, according to Travis Central Appraisal District. The address of TRG Cesar Burleson LLC matches that of Dallas-based Trinsic Residential Group.

Neither JLB nor Trinsic — known apartment players in this market already — responded to requests for…

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"Multiple new multifamily projects on tap, from The Domain to South Congress"

While deliveries of multifamily projects in the Austin area have been forecast to decline in the coming years, some are still being planned.

From The Domain to South Congress Avenue, developers have projects on tap ranging from townhome complexes to mid-rise apartment buildings, according to three site plan applications filed with the city. They're in the works at a time when uncertainty swirls around the metro's multifamily market and a number of other projects have been canceled or delayed.

Multifamily vacancy came in at 15.5% in April, according to ApartmentData.com, an elevated level that's a concern for developers and property managers because high vacancy rates lead to lower rental rates and less new development as investors hesitate to…

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"Major homebuilder Taylor Morrison enters multifamily market in Austin metro"

Austin Business Journal shares, "One of Austin’s busiest single-family homebuilders is diving into the multifamily market in Central Texas.

Arizona-based Taylor Morrison, the fourth-busiest homebuilder in Austin last year, is bringing its multifamily brand, Yardly, to Pflugerville, according to an announcement. The new development, called Yardly Kelly Lane, will have 175 apartment-style units that are elevated a bit from traditional apartments with features like private backyards.

And while Austin’s multifamily housing market is experiencing elevated vacancy rates, Darin Rowe, Yardly president, said the company views the project as a long-term investment in a market that will eventually normalize.

Yardly Kelly Lane will be built on an 11-acre…

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"What are Austin’s cheapest neighborhoods for renters?"

KXAN Austin writes, "After Real estate experts reported in December Austin had the largest rent decrease between 2023 and 2024 of the country’s largest metros, new insight from Rent.com data is revealing which capital city neighborhoods are cheapest for renters.

Rent.com pulled average rental data and annual change data for Austin from February 2025 figures, with all neighborhoods included listed on the apartment search engine’s rental market trends dashboard.

Rent.com’s analysis revealed the average rental prices in Austin included $1,261 for a studio (up 14% year over year), $1,387 for a one-bedroom apartment (down 4% year over year) and $1,713 for a two-bedroom unit (down 3% from this time in 2024).

Looking at the proportions of rental units…

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"Austin Knocks Nashville Off Top Spot for U.S. Remote Workers"

Realtor.com shares, "Austin, TX, has dethroned Nashville, TN, as the most attractive rental apartment market for remote workers, after the "Music City" spent two consecutive years atop the list. Another major Texas city claimed the third spot.

Capital Economics, a London-based consulting firm, released its latest analysis on Mar. 3 looking into apartment markets based on remote workers' preference scores. The analysis examined a variety of factors, including the local job market, cost of living, desirability, and climate—revealing some major shifts in the cities' standings.

Austin grabbed the lead, followed by Nashville and San Antonio, TX, rounding out the top three. Nashville topped the list as the most desirable apartment market for remote…

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"Austin leads the nation for developing private affordable housing"

CultureMap Austin writes, "Most people like a bargain, particularly money-conscious renters in the Austin area, where rents continue to be stubbornly high. According to RentCafe, the average Austin apartment rent recently stood at $1,691, compared with the statewide average of $1,449. Fortunately, rent relief is on the way: Austin is a hotspot for affordable housing, according to a new study.

The report from data provider Yardi Matrix shows the Austin metro area leads the nation for the number of “fully affordable” apartments and other multifamily housing units under construction by private real estate developers (not by government agencies). Austin ranks first on the list with 2,717 units under construction, followed by Miami with 2,687 and Los…

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"Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High"

Redfin.com writes, "Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply in a big way, which is feasible because apartment construction is slowing and high homebuying costs are fueling renter demand.

The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier.

The median asking rent per square foot fell 1.5% year over year to $1.80 and rose 0.8% month over month. 

Rents are stabilizing because the number of available apartments is in sync with the number of people who want to rent those apartments. Asking rents skyrocketed during the pandemic moving frenzy because there weren’t enough…

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"New affordable housing complex in Austin has rentals starting at $600"

CultureMap Austin shares, "A new affordable housing complex is now open in South Austin.

Parker Lane Apartments officially opened on the morning of Saturday, November 16, and is now accepting applications.

Nonprofit Foundation Communities said its goal is to bring more affordable housing for families to the city.

Rent prices start as low as $600 and are income-based. On top of an affordable apartment, the community also offers sustainable green features and on-site services such as a healthy food pantry and a no-cost learning center for after-school and summer programs.

"The on-site learning center is primarily for residents but also open to the public. It is a no-cost service to residents that will take away the pressure and the stress…

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"United Properties opens its first two apartment developments in Austin"

Austin Business Journal reports, "Minneapolis-based United Properties LLC has opened its first two Austin-area multifamily properties, and it has plans for more.

The pair of projects, located in South Austin, add hundreds of apartments to the city. Victor Young, senior vice president of Austin commercial development at United Properties, said the company has additional multifamily developments in its pipeline but nothing to announce yet.

The first of the two projects is Bishop Momo, located at 4341 S. Congress Ave. in the St. Elmo District. Bishop Momo is a 274-unit property with one- and two-bedroom apartments, according to an announcement. Overall, the property is 256,510 square feet.

Apartments at Bishop Momo are leased primarily at market…

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