Austin is the 14th largest multifamily market with 273,782 completed units and 136,475 units in development, 45,369of which have already broken ground, as of June 2022.
Austin Multifamily Market Summary – June 2022
New lease asking rents are at $1,787, up 16.6%▲
from the previous year placing Austin at 23rd
overall in year-over-year rent growth.
Austin Multifamily Market Summary – May 2022
New lease asking rents are at $1,744, up 17%▲
from the previous year placing Austin at 22nd
overall in year-over-year rent growth.
Austin Multifamily Market Summary – April 2022
New lease asking rents are at $1,720, up 18.1%▲
from the previous year placing Austin at 20th
overall in year-over-year rent growth.
Austin Multifamily Market Summary – March 2022
New lease asking rents are at $1,708, up 19.8%▲
from the previous year placing Austin at 11th
overall in year-over-year rent growth.
Austin Multifamily Market Summary – February 2022
New lease asking rents are at $1,703, up 22.1%▲
from the previous year placing Austin at 8th
overall in year-over-year rent growth.
Austin Multifamily Market Summary – January 2022
New lease asking rents are at $1,694, up 21.8%▲
from the previous year placing Austin at 8th
overall in year-over-year rent growth
Austin Multifamily Market Summary – December 2021
New lease asking rents are at $1,677, up 20.8%▲
from the previous year placing Austin at 9th
overall in year-over-year rent growth.
