Rents in Austin area have been falling for more than a year

Between June 2023 and 2024, average monthly rents in Austin and surrounding counties fell about 6%.

(Please use a modern browser to see the interactive version of this visualization)

These prices reflect what's called "effective rent." That's the amount paid including any discounts, such as a free month of rent. These numbers do not include fees renters often have to pay, such as for trash or pest control.

Chart: Audrey McGlinchySource: MRI ApartmentDataGet the dataCreated with Datawrapper