Luxe Austin Homes - renters

"Analysis quantifies impact on rents when apartment supply increases"

Austin Business Journal shares, "Apartment rents typically drop when new units are added to a market's housing supply, but a new analysis quantifies by how much.

The study by the Pew Charitable Trusts on rent changes in major U.S. cities from 2017 to 2024 determined that for every 10% increase in a ZIP code’s housing supply, rent growth was 1.4% less compared to a ZIP code that had no additional housing supply. The Pew analysis also found that a 10% increase in a market's housing supply correlated to rents growing 5% less from 2017 to 2024.

In Austin, which has undergone an apartment building boom in recent years, the biggest rent declines were for older and lower-quality units, the study found.

Alex Horowitz, project director of housing…

232 Views, 0 Comments

"Austin named 4th best U.S. city for renters in 2025"

CultureMap Austin shares, " A summer RentCafe report has found Austin's ideal market for renters has eclipsed most other American cities, earning it a top-five spot among the best U.S. cities for renters in 2025. It's northern neighbor Round Rock also made it into the top 10.

RentCafe's "Best Cities for Renters to Live in 2025" report annually compares 150 U.S. cities based on 20 factors examining their quality of life, local economy, and cost of living and housing opportunities. The report notes that cities were chosen if they had an "apartment stock" consisting of a minimum 10,000 units, and any cities with lower apartment stocks were excluded.

Austin ranked 4th overall on the list, three spots higher than its 2024 ranking, while Round Rock…

276 Views, 0 Comments

"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…

170 Views, 0 Comments

"Austin had the most pet-friendly rental listings on Zillow in 2024"

CultureMap Austin shares, "A new market trend report from Zillow has confirmed that pet-friendly rentals are leasing much faster than non-pet-friendly units, and Austin's rental market had the No. 1 most pet-friendly rental listings on Zillow in 2024.

The report, called "Saying Yes to Pets Helps Landlords Find a Tenant Faster," analyzed more than 11 million rental listings that appeared on Zillow last year to discover the share of pet-friendly rental listings in the biggest U.S. metros. The report also calculated the median number of days it took for pet-friendly units to find a tenant, in comparison to than those that did not allow pets.

The Lone Star State as a whole led the nation with the most pet-friendly rental listings on Zillow.…

131 Views, 0 Comments

"Gen Z's regret grows over generational housing divide"

Austin Business Journal writes, "High home prices and elevated interest rates have members of Generation Z worried about missing out on the dream of homeownership — or deeply regretting having taken the plunge.

According to the BMO Real Financial Progress Index, 54% of American renters envy people their age and younger who have purchased a home. It's a dynamic that's even stronger among Gen Zers, with 63% of those respondents saying they are envious of homeowners. The Gen Z share is second only to that of millennials, who are most likely to be envious, at 67%.

"The data show that owning a home remains a key component of the American dream, but with some obstacles still facing first-time homebuyers, younger generations worry they missed their…

624 Views, 0 Comments

"Here's how much Austinites spend renting instead of buying a home"

CultureMap Austin writes, "The affordability of homeownership seems to be a hot topic of 2025, and the cost difference between renting and buying a home in Austin adds up to more than $1,000 per month, according to a new housing cost analysis by SmartAsset.

The 2025 report, called "Renting vs. Buying: How Housing Costs Compare Across America," examined the median monthly homeownership and rent costs in 342 of the largest U.S. cities.

The study's findings revealed Austin homeowners spend a median $2,768 on their monthly housing costs, whereas renters spend about $1,764 in comparison.

Austin ranked No. 58 in the report's rankings of cities where homeownership is more expensive than renting.

This study compares median costs for each group of…

96 Views, 0 Comments

"By the numbers: Home prices cool, rental rates dip in Austin"

ATX Today writes, "Curious about the Austin housing market? Whether you’re buying, selling, or renting, February’s data reveals key trends to know.

A new Unlock MLS report shows home prices are cooling while rental costs are lowering slightly. The report compares data from February 2024 to February 2025, covering single-family homes, condos, and townhomes.

Take a look at the numbers shaping Austin’s real estate landscape."

Sales

• The median sales price dropped to $430,000 — a 3.9% decrease.
• Active listings jumped 16.7% to 10,235.
• 3,826 new listings hit the market — a 6.5% spike.
• The total sales dollar volume fell 4.9% to $1.05 billion.

Leases

• The median rent dipped 2.4% to $2,195.
• Active leases rose 3.5% to 3,899,…

194 Views, 0 Comments

"New monthly data shows closed leases are up, median rents down across Austin metro"

Community Impact Austin writes, "Leasers in the Austin-Round Rock-San Marcos Metropolitan Statistical Area now have access to some additional insight into the MSA's residential rental market.

Austin Board of Realtors officials announced Feb. 13 that it would begin tracking leasing data across the MSA through Unlock MLS’ monthly Central Texas Housing Report, which already includes home sales data.

Explained

Unlock MLS houses ABoR's Multiple Listing Service, or the platform that Realtors use to share information about homes on the market.

The expansion to include leases gives a more transparent and robust picture of the region’s real estate market, said Brandy Wuensch, 2025 Unlock MLS and ABoR president, in a news release.

“With the increased leasing…

239 Views, 0 Comments

"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…

251 Views, 0 Comments

"What will happen in 2025 to rent in Austin?"

Austin Business Journal reports, "Austin’s multifamily market is oversupplied again, and with the switch in cycles come deals for renters.

The area has seen a steady drop in rental prices through recent months, with the median rent at the end of 2024 about 5% lower than at the end of 2023. The drop comes after the pandemic supercharged both Austin’s growth and cost of housing as many people relocated to the city for its warm weather and quality of life — which when paired with historically low interest rates encouraged a building boom in the area.

“The market was so good in 2021 and 2022 you saw record rent growth, over 20% rent growth,” said Patton Jones, vice chairman of Newmark’s Central Texas office, who oversees the firm’s multifamily…

15453 Views, 0 Comments