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 | $1,746 | $1,502 – $2,025 |
| 1 BR | $1,875 | $1,613 – $2,175 |
| 2 BR | $2,285 | $1,965 – $2,651 |
| 3 BR | $3,007 | $2,586 – $3,488 |
| 4 BR | $3,525 | $3,032 – $4,089 |
Anchored to HUD FMR for ZIP 78704, aged forward with BLS CPI Shelter (+4.6% / yr). Use the estimator below for a different ZIP within Austin.
Pre-filled for ZIP 78704. Change any field to re-estimate.
The HUD-anchored median 2-bedroom rent in Austin is approximately $2,285, 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 (FY2024, public). 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.