We all know it’s expensive to live in Austin. One recent study suggested that it takes a yearly salary of at least $52,578 to afford a home here, something that is becoming increasingly more difficult to afford if you’re a single man or woman.
But take heart, those of you who rent homes or apartments in Austin: At least you weren’t paying the area’s highest rent prices this past month. That honor goes to Leander, our neighbor to the northwest. That’s right, it was cheaper to rent a domicile in Austin than it was in Leander, at least, according to rental site Zumper.
Zumper released a report this week detailing the drop in rent prices throughout the Austin area, a swath of land that includes all the way from Georgetown to San Marcos. The report found that for the month of March, Austin had a median one-bedroom rent of $1,080 a month, while renting the same domain in Leander would set you back $1,110. Both are still much higher than the $887 state median, however.
The cheapest rent in the Austin area for March belonged to San Marcos, at $860 a month for a one-bedroom.
Read the full report here.
Related:
- Study: Austin one of America’s hardest-working cities
- Is Austin home to millennial ‘slackers’? Yes, but not as much as other Texas cities
