The rent in Austin is 22% lower than it was 3 years ago.

https://www.texastribune.org/2025/01/22/austin-texas-rents-f...

> Now, Austin is one of the only major U.S. cities where rents are falling.

> Austin rents have tumbled for 19 straight months, data from Zillow show. The typical asking rent in the capital city sat at $1,645 as of December, according to Zillow — above where rents stood prior to the pandemic but below where they peaked amid the region’s red-hot growth.

> The chief reason behind Austin’s falling rents, real estate experts and housing advocates said, is a massive apartment building boom unmatched by any other major city in Texas or in the rest of the country. Apartment builders in the Austin area kicked into overdrive during the pandemic, resulting in tens of thousands of new apartments hitting the market.