The city joined a nationwide trend where rents were up 8.3% year-over-year across the U.S, a trend exacerbated by a 6.2% increase in inflation in the same time period.īut 'not everyone is experiencing inflation the same way,' Redfin Deputy Chief Economist Taylor Marr said in the report, and a brunt of the load has gone to cities with more move-ins. Only Oklahoma City saw a higher year-over-year increase with a 133% jump.Īustin also had the fourth-highest increase in two-bedroom rent, with a 50% increase in the past year.
Austin's one-bedroom rent has more than doubled-a 112% increase-from April 2021 to 2022, the report said.
