Austin Not the Most Expensive Place to Rent in Texas

Austin is not the most expensive place to rent in Texas, Culturemap Austin reports. Surprisingly, that honor belongs to Houston.

The study looked at the number of cost-burdened renters in the top 4 metros in Texas. A renter is considered cost-burdened if they pay more than 30 percent of their income on rent.

In Austin, 47.7 percent of renters are cost-burdened, with 26.5 percent being moderately cost-burdened and 21.2 percent being severely cost-burdened.  Austin ranked 40 on a list of 100 metro areas for affordability of housing.

Dallas Fort-Worth has 45.3 percent cost-burdened renters, 25.1 percent moderately cost-burdened renters, and 20.2 percent severely cost-burdened.  DFW came in as the 18th most affordable city in the country and the most affordable in Texas.

San Antonio has 47.7 percent cost-burdened renters, 25.8 percent moderately cost-burdened renters, and 21.9 percent severely cost-burdened renters. It ranks 38 on the housing affordability list.

49 percent of Houston’s renters are cost-burdened, with 24.9 percent of them considered moderately cost-burdened and 24.1 percent of them severely cost-burdened.  It came in at number 58 on the list of 100 metros.

Looking to take advantage of the affordability of Austin and snag a new apartment?  Apartment Experts North can help!  Give us a call today at 512-339-4411!

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