Luxe Austin Homes - rentals

"The Tech Hub Emerging as America’s Most Affordable Market for Renters"

Realtor.com reports, "while aspiring homeowners are facing economic headwinds, rents are becoming increasingly affordable nationwide, with Western and Southern metros leading the way. However, one metro stands out from the rest.

In September, Austin, TX, the COVID-19 pandemic-era boomtown and technology hub, overtook Oklahoma City, OK, as the nation's most affordable rental market.

A family earning a typical household income looking to rent in Austin would spend just 16.5% of their monthly paycheck on housing, down 2.8 percentage points from a year ago, according to the September monthly rent report from Realtor.com®.

"Austin's rising housing affordability is primarily driven by declining rents," says Realtor.com economist Jiayi Xu. "The…

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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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"City of Austin checks in for new short-term rental rule debates"

CultureMap Austin writes, "Austinites may be friendly, but the city as a whole fosters many conflicting feelings about vacation rentals. A January memo from assistant city manager Veronica Briseño alerts the City Council that some proposed changes are coming regarding regulating short-term rentals (STRs).

The changes will have to go through several filters first: public meetings plus separate Planning Commission and City Council meetings in February and April. The memo says "the changes will apply to a significant number of properties throughout the City."

It's difficult to summarize or forecast concerns associated with STRs, because they vary widely depending on changing factors. It's not just who's visiting and how well they behave, but…

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"Wilson Capital's recapitalization strategy continues with $35.2M loan"

Austin Business Journal shares, "Wilson Capital, one of the busiest multifamily development firms in Austin, continues a refinancing spree that began in January. 

The latest effort comes in the form of a $35.2 million loan originated from Southern Realty Trust Inc. for the refinancing of Jovie Belterra, a partially complete apartment complex in the Belterra neighborhood between Austin and Dripping Springs, according to a July 8 announcement.

“Since the beginning of the year, Wilson Capital has successfully refinanced multiple properties in the greater Austin area,” said Taylor Wilson, the company’s president, in a written statement.  “These transactions are consistent with a portfolio-wide recapitalization strategy to support lease-up activities…

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The Austin Real Estate Market: Stats & Trends for 2023

The Austin real estate market is in the middle of a shift.  While the housing market in Austin is still a seller's market, the trend is changing. More would-be buyers are now renting, thanks to a cooling down market. Next year, the market will shift from a seller's to a buyer's market.

Austin's Housing Market Pushed More Would-be Buyers Into Renting During Covid-19 Pandemic

Before the COVID-19 pandemic, Austin's housing market was tight, with rents rising by about 5% annually. In Austin alone, there are nearly 125 people moving every day. In addition, builders haven't kept up with demand, and city zoning laws limit the building of new multifamily housing. As a result, home prices have reached new peaks. In May alone, the median sale price in Austin…

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Report: Average apartment rents in the Austin area have hit an all-time high

Average apartment rents for the Austin area have hit an all-time high, an expert told KVUE's media partners at the Austin American-Statesman.

Charles Heimsath has been tracking conditions in the area's real estate market since the early 1990s. He told the Statesman that between December and June, average rents jumped by their largest percentage ever in the time he's been tracking the market.

Heimsath said apartment rents in the area – which spans from Georgetown to San Marcos – increased, on average, 11.6% from December to June. He told the Statesman that he expected to see a slow down during the first half of the year, but that didn't happen.

"Rents continue to rise with no relief in sight," Heimsath said.

The…

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Prolific infill developer StoryBuilt to bring 100-plus homes to South Austin

South Austin is set to receive a badly needed injection of infill housing.

Locally based StoryBuilt will develop 116 homes on 15 acres in South Austin, according to a July 25 announcement. The development will mostly consist of single-family detached homes with some attached townhomes, StoryBuilt Austin Division President Ross Wilson said.

It's the latest infill project for StoryBuilt, which aims to grow the city from the inside out, he said.

The neighborhood will be located at 8420 Longview Road, in South Austin off West Gate Boulevard. Construction is not expected to begin until summer 2023.

"We're really excited about this opportunity," Wilson said. "Obviously it's a big parcel in South Austin. It's very well connected to downtown and…

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