Austin Not the Most Expensive Place to Rent in Texas

by | Dec 5, 2017 | Austin Rental Market | 0 comments

Austin is not the most expensive place to rent in Texas, Culturemap Austin reports. Surprisingly, that honor belongs to Houston.

The study looked at the number of cost-burdened renters in the top 4 metros in Texas. A renter is considered cost-burdened if they pay more than 30 percent of their income on rent.

In Austin, 47.7 percent of renters are cost-burdened, with 26.5 percent being moderately cost-burdened and 21.2 percent being severely cost-burdened.  Austin ranked 40 on a list of 100 metro areas for affordability of housing.

Dallas Fort-Worth has 45.3 percent cost-burdened renters, 25.1 percent moderately cost-burdened renters, and 20.2 percent severely cost-burdened.  DFW came in as the 18th most affordable city in the country and the most affordable in Texas.

San Antonio has 47.7 percent cost-burdened renters, 25.8 percent moderately cost-burdened renters, and 21.9 percent severely cost-burdened renters. It ranks 38 on the housing affordability list.

49 percent of Houston’s renters are cost-burdened, with 24.9 percent of them considered moderately cost-burdened and 24.1 percent of them severely cost-burdened.  It came in at number 58 on the list of 100 metros.

Looking to take advantage of the affordability of Austin and snag a new apartment?  Apartment Experts North can help!  Give us a call today at 512-339-4411!

Need Help Renting?

Our Free Service
Helps 12k+ Renters Annually!

Find By Date