AUSTIN (Talk1370.com) -- Renters across Central Texas have been experiencing a bit of sticker shock in recent months, with renewal notices revealing rising rents. A new report indicates that trend is accelerating even faster in some Austin suburbs than in the city itself.
According to data from rental platform Zumper, Georgetown has seen the area's highest year-over-year increase, with the median rent for a one bedroom unit up 35.1% to $1,540 per month. Pflugerville was just behind at $1,430 a month, which represents a 34.9% increase since April 2021.
Round Rock saw the third-highest increase, with the median one bedroom rent jumping 33% year over year to $1,410 a month. Austin ranked fourth, with a 32.2% increase year over year and a median monthly rent of $1,560. Cedar Park rounded out the top five, with a median rent of $1,430 and a year-over-year increase of 26.5%.
Only San Marcos remained under the statewide median of $1,116 per month, coming in at $1,050 a month and a 15% year-over-year increase.
Prices for two bedroom units are rising a little more slowly, with Georgetown's median rent increasing 31.7% year-over-year to $1,870 a month.
Zumper's data looks at active listings in the rental market each month, with listings aggregated by city to calculate median asking rents.