Austin is the most expensive city to be a renter in Texas, according to a study from the National Low Income Housing Coalition. On average, a two bedroom apartment costs $1,074 in Austin, compared to $913 in Dallas and $926 in Houston.
I was interviewed for KVUE's article on the subject. Rent has been on the rise in Austin and will continue to rise as competition gets even stronger. With 100 people moving to Austin on a daily basis, it's unlikely that new construction can keep up with demand.
Rents continue to rise and a lot of long-time Austinites aren't seeing their salaries increase enough to keep up. Many are having to move into an older apartment, a smaller apartment, or an apartment in a different part of town to make rent affordable.