Austin's rent correction continues as 2022-2023 supply additions absorb demand. Tech employment still anchors long-run thesis. This page combines HUD Fair Market Rent anchors, ApartmentList-derived vacancy estimates, and CBRE-tier cap-rate benchmarks into one landlord-focused view.
Austin's rent correction continues as 2022-2023 supply additions absorb demand. Tech employment still anchors long-run thesis.
Vacancy is currently 8.1% with a year-over-year rent change of -3.4%. Rent direction is negative. Underwrite to flat year-2 rent and require deal-level cap rates at or above the metro mid-band.
For deal-level analysis, the cap-rate calculator uses our Tier 1 benchmark (mid 5.2% for single-family). The cash-flow analyzer will give you a full P&L including debt service.
| Bedrooms | Median rent | Estimated range |
|---|---|---|
| Studio | $1,513 | $1,301 – $1,755 |
| 1 BR | $1,604 | $1,379 – $1,861 |
| 2 BR | $1,901 | $1,635 – $2,205 |
| 3 BR | $2,409 | $2,072 – $2,794 |
| 4 BR | $2,833 | $2,436 – $3,286 |
Anchored to HUD FMR for ZIP 78704, aged forward from 2025-10-01 with BLS CPI Shelter (+3.2% / yr, July 2026). Use the estimator below for a different ZIP within Austin.
This city's raw HUD FY2026 2BR FMR placed among the 15 prebuilt metros in markets.json. One vintage point — not a fabricated history.
Pre-filled for ZIP 78704. Change any field to re-estimate.
The HUD-anchored median 2-bedroom rent in Austin is approximately $1,901 with year-over-year growth of -3.4%. Individual rents vary widely by submarket and property condition — use the Rent Estimator above for a ZIP-specific number.
Austin sits in our Tier 1 group with an estimated cap rate band averaging 5.2% for single-family rentals and a vacancy rate of 8.1%. Austin's rent correction continues as 2022-2023 supply additions absorb demand. Tech employment still anchors long-run thesis.
Single-family rental cap rates in Austin typically land near 5.2%, with a metro-tier band drawn from CBRE survey ranges. Run the Cap Rate Calculator for a specific deal.
Year-over-year rent change is -3.4%. Forward 12-month projection blends recent metro trend with BLS shelter CPI. Use the LandlordIQ /get_rent_growth endpoint for the live projection.
No (Texas state preemption). Notice to vacate: 30 days. Security deposit cap: No statutory cap. Texas state law preempts municipal rent control. Late fees capped at 12% of monthly rent for non-multi-unit; 10% for multi-unit. Plain-English summary, not legal advice.
Data: HUD Fair Market Rents (FY2026, public, revised county file). Vacancy and rent growth are estimated blends of public datasets clearly labeled. Cap rate band is the Tier 1 benchmark from our benchmarks dataset. Regulation summary is editorial — not legal advice. See methodology.