Matrix Multifamily Austin Report-July 2026 July 15, 2026

Short-term gain, long-term drag in Austin

Austin advertised asking rents improved this spring, rising 0.4 percent on a T3 basis through May to $1,508. But its 3.7 percent drop YoY ranked it last nationally. Meanwhile, employment growth held at 1.3 percent, the second-highest rate among top metros.