Matrix Multifamily Austin Report-July 2025 July 30, 2025

Austin Rents Stabilize

Austin’s advertised asking rents stabilized on a T3 basis for the first time in nearly two years, although they remained down a steep 5.2 percent YoY at $1,554 in May. It helped that the metro’s boasts among the best employment growth in the U.S., although deliveries in May were also well above the nation.