Rental market snapshot for East Congress, Austin
East Congress rental market summary
The rental market in East Congress, Texas is showing signs of growth. In July 2023, there were 82 new listings, a 3.7% increase from the previous month. This is a positive sign for the local rental market, as more people are looking to rent in the area. The median rent in July 2023 was $1,915, a 3.3% increase from the same time last year. This indicates that the rental market is becoming more competitive, as more people are looking to rent in the area.
Overall, the rental market in East Congress, Texas is showing signs of growth. The number of new listings and the median rent have both increased over the past year, indicating that the rental market is becoming more competitive. This is good news for renters, as they have more options to choose from. However, it is important to keep an eye on the rental market, as prices could continue to rise in the future.
Median rent for all residential properties in East Congress
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The most expensive listings and top trending buildings in East Congress
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 504 Chihuahua Trl | $3,195 | 4 / 2.0 |
| 4361 S Congress Ave | $3,000 | 2 / 2.0 |
| 4801 S Congress Ave | $2,950 | 2 / 2.5 |
| 612 Colonial Park Blvd | $2,900 | 3 / 2.0 |
| 4801 S Congress Ave | $2,795 | 2 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Cushman & Wakefield | $1,803 |
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Bedroom Breakdown in East Congress
East Congress neighborhood apartments rents
The rental market for studios in East Congress, Texas is showing signs of stability. In July 2023, there were 4 new studio listings, and the median rent for studios decreased by 1.9% from June 2023 to July 2023, from $1,554 to $1,524. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.
The rental market for 1-bedroom apartments in East Congress, Texas is showing signs of stability. In July 2023, there were 16 new 1-bedroom listings, and the median rent for 1-bedroom apartments only changed by 1.2% from June 2023 to July 2023, staying at $1,775. This indicates that the rental market is not experiencing any major fluctuations, and that the prices of 1-bedroom apartments are staying relatively consistent.
The rental market for 2-bedroom apartments in East Congress, Texas is showing signs of growth. In July 2023, there were 5 new 2-bedroom listings, representing an increase in the available rental options. The median rent for 2-bedroom apartments in July 2023 was $2,559, a 3.0% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords increasing their prices to attract tenants.