Rental market snapshot for Parker Lane, Austin
Parker Lane rental market summary
The rental market in Parker Lane, Texas is showing signs of stability. In July 2023, there were 118 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $1,595, which is the same as the median rent for June 2023. This suggests that the rental market in Parker Lane is not experiencing any significant changes in terms of pricing. Furthermore, when compared to the median rent in July 2022, the rent has only increased by 0.9%, indicating that the rental market is not experiencing any significant inflation.
Overall, the rental market in Parker Lane, Texas is showing signs of stability. The number of new listings is still high, and the median rent has only increased slightly over the past year. This suggests that the rental market in Parker Lane is not experiencing any significant changes in terms of pricing or availability.
Median rent for all residential properties in Parker Lane
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The most expensive listings and top trending buildings in Parker Lane
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3018 Sunridge Dr | $5,000 | 3 / 2.5 |
| 3038 Sunridge Dr | $4,250 | 3 / 2.5 |
| 2028 Sager Dr | $3,150 | 3 / 4.0 |
| 3105 Matador Dr | $3,150 | 3 / 3.0 |
| 2612 Witsome Loop | $3,100 | 3 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| RPM Living | $1,276 |
| Apartment Management Professionals | $1,261 |
| Urban Flats Multifamily Real Estate | $1,099 |
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Bedroom Breakdown in Parker Lane
Parker Lane neighborhood apartments rents
The rental market for studios in Parker Lane, Texas has seen a slight increase in rent from June 2021 to July 2021. There was only one new studio listing in July 2021, and the median rent for studios was $1,070, which is a .6% increase from the median rent of $1,064 in June 2021. This indicates that the rental market for studios in Parker Lane is relatively stable, with only a small increase in rent.
The rental market for 1-bedroom apartments in Parker Lane, Texas is showing signs of stability. In July 2023, there were 10 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 3.1% from June 2023 to July 2023, settling at $1,256. This suggests 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 Parker Lane, Texas is showing signs of improvement in July 2023. There were 13 new listings in July, which is a positive sign for the market. The median rent for 2-bedroom apartments decreased by 7.4% from June to July, from $1,592 to $1,474. This suggests that the market is becoming more affordable for renters. Overall, the rental market for 2-bedroom apartments in Parker Lane, Texas is looking promising.