Rental Rumblings

The most expensive rent around Austin is in this surprising suburb, says report

The most expensive rent around Austin is in this suburb, says report

The Standard at Leander Station apartment
This 'burb is pricier than Austin.  The Standard at Leander Station/Facebook

When it comes to rent, no place is more expensive than Austin, right? Wrong. At least that's what the most recent rent report from Zumper says. 

The rental website compared 30,400 active one-bedroom listings in 13 cities across the greater Austin area, and, surprisingly, Leander had the highest rent in February 2017. With a median price of $1,110 per month, the suburb was just a tad pricier than Austin ($1,080). 

But the trend won't necessarily continue. Rent for a one-bedroom unit in Austin was 6.9 percent lower in February 2017 than the previous year. However, if rents in March 2017 mimic March 2016, Austin ($1,160) will surpass Leander ($1,140).

 

The report also details the fastest-growing rental markets in the area. Georgetown, which experienced a 13.2 percent increase year-over-year ($1,030), tops the list. The second highest increase was 4.4 percent ($940) in Jollyville. Those figures are well above the Texas median of $887.

So where do you get the most bang for your buck? San Marcos was the least expensive city in the area with a median monthly rent of $860. Wells Branch and Kyle came in close behind, at $880 and $900, respectively.

Check out Zumper's rental map of Austin neighborhoods to take a closer look at rent prices within the city limits.