Monday, March 31, 2014
Austin Rentals the Most Expensive in Texas
Austin is the most expensive city to be a renter in Texas, according to a study from the National Low Income Housing Coalition. On average, a two bedroom apartment costs $1,074 in Austin, compared to $913 in Dallas and $926 in Houston.
Natalie Young, manager at our sister office, A Plus, was interviewed for KVUE's article on the subject. Rent has been on the rise in Austin and will continue to rise as competition gets even stronger. With 100 people moving to Austin on a daily basis, it's unlikely that new construction can keep up with demand.
Rents continue to increase and a lot of long-time Austinites aren't seeing their salaries increase enough to keep up. Many are having to move into an older apartment, a smaller apartment, or an apartment in a different part of town to make rent affordable.
There is a good news, though. An apartment locator can help you navigate the tight rental market with up-to-the-minute knowledge of the vacancies and move-in specials at area communities. So give Austin Apartment Specialists a call today at 512-241-1128 and let us help you beat the odds.