Rental market snapshot for West University, Austin
West University rental market summary
The rental market in West University, Texas is showing signs of growth. In July 2023, there were 451 new listings, a significant increase from the previous month. The median rent for July 2023 was $1,675, a 4.3% increase from June 2023 and a 29.3% increase from July 2022. This indicates that the rental market in West University is becoming more competitive, with more people looking to rent in the area.
The increasing median rent in West University is likely due to the growing demand for rental properties in the area. With more people looking to rent, landlords are able to increase their prices to meet the demand. This is a positive sign for the rental market in West University, as it indicates that the area is becoming more desirable and attractive to potential renters.
Median rent for all residential properties in West University
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The most expensive listings and top trending buildings in West University
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1103 W 22nd St | $6,995 | 7 / 3.0 |
| 607 W 35th St | $5,695 | 6 / 4.0 |
| 607 W 35th St | $5,395 | 6 / 4.0 |
| 2832 Pearl St | $5,000 | 5 / 2.0 |
| 2606 Salado St | $4,395 | 4 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Rainier Hyde Park | $1,397 |
| 512 Living | $1,286 |
| San Miguel Management | $1,220 |
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Bedroom Breakdown in West University
West University neighborhood apartments rents
The rental market for studios in West University, Texas is relatively stable. In July 2023, there were 12 new studio listings, with the median rent for studios staying at $1,312, only a .9% increase from the median rent in June 2023. This indicates that the rental market for studios in West University is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in West University, Texas is showing signs of stability. In July 2023, there were 22 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 3.2% from June 2023 to July 2023, settling at $1,312. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 1-bedroom apartments are staying relatively consistent.
The rental market for 2-bedroom apartments in West University, Texas is showing signs of growth. In July 2023, there were 16 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,800, which is a 5.0% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in West University, Texas is looking positive.