Rental Rates

New study finds cheapest Austin neighborhoods after rent decline

Austin's renters are on the lookout for something cheaper. Photo courtesy of KVUE

The average cost of rent in Austin dropped over the past year, and new data reveals which neighborhoods are the most affordable for renters.

In January, HouseWorks Austin said the average apartment in Austin cost around $1,600 per month, down about $100 from the previous year's average.

New February 2025 figures from Rent.com show the average rent for apartments in Austin is between $1,261 and $1,713.

For a studio apartment in Austin, the average rent is $1,261. For a one-bedroom apartment, the average rent in Austin is $1,387, while the average rent for a two-bedroom apartment in Austin is $1,713.

Average studio costs are up 14 percent from last year, while average costs of one-bedroom apartments and two-bedroom apartments are down 4 percent and 3 percent, respectively.

According to the Rent.com dashboard, the most affordable neighborhoods in Austin are South Austin, where the average one-bedroom apartment rent goes for $958; North Austin, where renters pay $1,065 on average for a one-bedroom apartment; and Allandale, where the average one-bedroom apartment rent goes for $1,125.

Read the full story and watch the video at KVUE.com.

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SAFE housing

Austin org breaks ground on new housing for family violence survivors

The SAFE Alliance is extending its capacity with new housing. Photo courtesy of the City of Austin

A well-known organization for helping Austinites escape unsafe living situations, the SAFE Alliance, is expanding its capacity. SAFE and its city partners broke ground on The Sasha, a 60-unit supportive housing community, on March 12. An opening date is projected for Spring 2027.

The SAFE Alliance (SAFE) Affordable Housing Corporation will own the site and DMA Development Company will develop it; but the project is also receiving support from the City of Austin Housing Department and the Austin Housing Finance Corporation (AHFC).

The site is located on the existing SAFE campus at 1325 Grove Blvd. When it's complete, The Sasha will be split half-and-half — 30 units each — between transitional housing and supportive housing, which usually includes services such as case management and counseling.

All 60 units will be available to people making 30-50 percent of Austin's median family income (MFI): that means an income cap of $30,250 or $50,400 for a two-person "household," depending on the unit and shifting with the number of people moving in.

A press release from the city points out that the site is located within walking distance of public transit options such as high-frequency buses and a corridor designed with bikers and pedestrians in mind.

The Sasha is made possible through a variety of loans and tax cuts including an $8.495 million loan from the City of Austin’s Rental Housing Development Assistance (RHDA) Program and 9 percent Low-Income Housing Tax Credits (LIHTC). The loans from various sources totaled about $19 million.

"We are dedicated to providing every resident with a safe and stable home. The Sasha is a critical step in meeting the needs of our community's most vulnerable residents — survivors of family violence who are experiencing homelessness," said interim director for the Housing Department Mandy DeMayo in the release. "Through partnerships and strategic investments, we are proud to support this development, which will provide housing and the supportive services necessary for long-term stability and healing."

SAFE helps individuals and families from a broad set of circumstances that might cause violence and abuse across multiple generations. Namely, that means allowing people to move out of situations where they are experiencing family violence or sexual assault, harassment, or trafficking. It also works with people who are transitioning out of homelessness or the foster care system. Although SAFE is often recommended for women and children, its open to all survivors.

"There aren’t similar resources in the community that provide a continuum of care from transitional to permanent supportive housing for survivors of violence and abuse," said SAFE CEO Julia Spann. "Housing is violence prevention. Without housing, survivors are forced back into dangerous situations. Everyone deserves to feel safe in their home.

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