How Austin rent prices actually compare to the rest of the nation
Complaining about skyrocketing rent prices has become commonplace in Austin. But how do our growing rents compare to the rest of the U.S.?
Each month, Apartment List releases an updated Rental Price Monitor, which determines the median one bedroom and two bedroom rental price in the 100 top cities in the U.S. According to its data, which is based on the hundreds of thousands of rentals listed on its website, Austin doesn't have it as bad as we might think.
While our rent prices aren't as cringe-worthy as, say, San Francisco, they are still the highest in Texas.
In the November Rental Price Monitor, released December 4, Austin doesn't even crack the top 10 for highest rental prices. Austin's one bedroom median rent price ($930) is the 18th most expensive of the cities surveyed. Our two bedroom median price, $1190, came in a little higher — the 15th most expensive.
While our rent prices aren't as cringe-worthy as, say, San Francisco (where the one bedroom median price is $3,280) or New York City (where a one bedroom will run you $2,510), they are still the highest in Texas.
Houston falls just behind Austin with a one bedroom median price of $910 and a two bedroom median price of $1,040. Dallas' prices are significantly lower — a one bedroom will cost you $750, and you can get a two bedroom for $910.
Nationwide one and two bedroom average rent prices are $850 and $950, respectively. The cheapest place to find a one bedroom is in Wichita, Kansas (median price of $430). At $570, Toledo, Ohio and Fort Wayne, Indiana have the least expensive two bedroom median rent price.