Rents on the Rise

Rents are rising the fastest in these popular Austin neighborhoods

Rents are rising the fastest in these popular Austin neighborhoods

Austin skyline
Rents are rising fast in moderately priced Austin 'hoods. Photo courtesy of Metropia
Austin rent map Zumper spring 2016
Here's how much one-bedrooms cost by neighborhood. Courtesy of Zumper
Austin skyline
Austin rent map Zumper spring 2016

If you're in the market for a new place — or a new neighborhood — take heed. A report from rental site Zumper reveals which Austin neighborhoods have the fastest-growing rents.

Since last quarter, the neighborhoods with the fastest-growing rents are University of Texas and Windsor Park, up 13 percent and 12 percent, respectively. In the campus area, a one-bedroom costs $990, up from $870 in the winter; a one-bedroom in Windsor Park now goes for $900 (up from $800).

While the growth is steep, these neighborhoods still offer a relatively good deal. Right now, says Zumper, the average price for a one-bedroom rental in Austin is $1,150.

Other neighborhoods, albeit pricey ones, have shown a slight reprieve in rents this quarter. In Old West Austin, the average one-bedroom rent has dropped $100 to $1,600. Zilker has dropped almost $200 to $1,460 for a one-bedroom place. On the flip side, rents in trendy Bouldin Creek, Holly, and Hyde Park are increasing — but slowly.

For a full map of rent by neighborhood, visit Zumper