Rental market snapshot for Downtown, Austin
Downtown rental market summary
The rental market in Downtown, Texas is showing signs of growth. In July 2023, there were 700 new listings, which is a significant increase from the previous month. The median rent for the month of July 2023 was $3,115, which is 2.7% lower than the median rent in June 2023, but 11.0% higher than the median rent in July 2022. This indicates that the rental market in Downtown, Texas is steadily increasing, and that prices are likely to continue to rise in the future.
Overall, the rental market in Downtown, Texas is showing signs of growth and stability. The number of new listings is increasing, and the median rent is steadily rising. This is good news for both renters and landlords, as it indicates that the rental market is healthy and that prices are likely to remain stable in the future.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 303 W 5th St | $14,258 | 3 / 3.0 |
| 303 W 5th St | $14,074 | 3 / 3.5 |
| 101 Colorado St | $12,842 | 2 / 2.5 |
| 303 W 5th St | $12,243 | 3 / 3.5 |
| 303 W 5th St | $12,004 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar* | $3,763 |
| Hanover R.S. Limited Partnership | $3,332 |
| AMLI Residential | $3,229 |
| American Realty Advisors | $3,202 |
| Cushman & Wakefield | $3,193 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Texas is showing signs of growth. In July 2023, there were 31 new studio listings, representing a 5.9% decrease in median rent from June 2023. The median rent for studios in July 2023 was $1,959, which is a more affordable option for renters looking for a studio in Downtown, Texas. This decrease in rent could be an indication of a growing rental market in the area, as more people are likely to be attracted to the lower prices.
The rental market for 1-bedroom apartments in Downtown, Texas is showing signs of growth. In July 2023, there were 128 new 1-bedroom listings, a 7.1% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,966, indicating that the rental market is becoming more competitive. With the influx of new listings and increasing rent prices, it is likely that the rental market for 1-bedroom apartments in Downtown, Texas will continue to grow in the coming months.
The rental market for 2-bedroom apartments in Downtown, Texas is showing signs of growth. In July 2023, there were 80 new 2-bedroom listings, a 1.5% increase in median rent from June 2023 to July 2023, and a median rent of $3,980. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.