Retail services.on site Live/work units, Conceirge services, Cyber cafe w/Internet, Jr Olympic pool w/conversation area, Gift shops, Culinary teaching kitchen Aqua lounge
Austin Texas apartment facts
Rents are for 2-bedroom, 2-bath apartments. Occupancy rates are for all apartments.
Date Average rent Occupancy rate
June 2000 $913 98%
June 2001 $951 93%
June 2002 $868 90%
June 2003 $812 88%
June 2004 $784 89%
June 2005 $811 93%
June 2006 $861 95%
Source: Capitol Market Research
--------------------------------------------------------------------------------------------------------------
Central Texas apartment predictions for 2007
August 15, 2006
APARTMENT MARKET
New space added: 5,100 units
Occupancy rate: 94 percent, down 1%
Avg. rent: 92 cents per square foot, up 5 cents
Source: Mark Dotzour, chief economist and director of research at the Texas A&M Real Estate Center.
-------------------------------------------------------------------------------------------------
Reasons to use a LOCAL real estate professional
When searching for an apartment in Austin, be sure to have your relocation professional calculate the "net effective rent" for each apartment for rent in Austin after prorating specials so you can compare "apples & apples". Most of the "searchable" online databases overstate the actual rents on Class A properties because they quote the "market rent" before specials. So, for example, a Class A Austin apartment community may show to be 30% higher than a Class B, when in fact it may only be 5-15% more. Because of the wide variance among Austin apartments starting rates and specials, it's almost impossible to determine the actual "net" rent for any property using online databases.
Another reason you need a LOCAL Austin metro area apartment locator is to have him/her shop around for the best specials on Austin apartments for your time frame meeting your exact criteria (location, age, energy efficiency, pet policies, low move in cost, etc.) Specials on Austin Texas apartments for rent may vary often, many times daily, based on availability. For example,one North Austin apartment community may have the best price on a newer 2 bedroom one week, but because of the favorable pricing, the available units are leased and the specials are withdrawn. Then another North Austin apartment for rent with an "overstock" of a particular floorplan will come out with a special and be the best "deal" that week. We receive 100s of faxes and emails per week from apartments in Austin updating us on their current rates and special offers.
Also, we can help advise you on important issues like "Look & Lease" specials. These are additional perks the apartments in Austin offer as incentives to make application the same day or within 24 hours of your first viewing of the property. So you won't be under undue pressure to lease quickly without knowing your options, we can educate you to the Austin Texas apartment market in advance of your actual viewing. Because you will only be looking at the apartments for rent in Austin with the best prices that meet your exact specifications, you will be able to find your ideal Austin condo, townhome or apartment home in a short period of time, and feel confident with your decision and secure in your move
512.258.5200
Toll Free 1.888.217.5200
Call anytime including
evenings and weekends
