Most people would say that Austin has the most expensive rent in the metro area, but surprisingly, as CultureMap reports, that’s not the case.
Leander had the most expensive rent for last month out of 13 cities in the greater Austin area, a recent report found. Leander’s median rent was $1,110 compared to Austin’s $1,080.
Austin is expected to be back on top soon, though. Rent in February was down 6.9 percent in Austin over a year ago. If this month is consistent with what happened a year ago, rent will be $1,160 in Austin compared to just $1,140 in Leander.
Georgetown is the fastest-growing rental market around Austin. The city’s rent increased 13.2 over a year ago to $1,030. Jollyville came in 2nd with a 4.4 percent increase to $940. Rent in both places was more than the Texas median rent of $887.
Your rental dollar goes farthest in San Marcos, where the median monthly rent is $860, Wells Branch, where rent is $880, and Kyle, where rent is $900.