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A look at Austin’s rental market so far in 2025

New rental data shows prices were down and rentals spent more time on the market in January 2025.

A chair sits in the corner of a balcony, with views into the apartment behind it to the right. On the left, the balcony stretches out over Downtown Austin, and several skyscrapers, the lake, and the Hill Country are visible.

Dive into the local leasing data from Unlock MLS.

Photo via Tour Factory Photography / Compass

Is your lease almost up? A new monthly report from Unlock MLS just dropped, providing fresh insights for renters in the Austin metro.

Use these January 2025 figures on single-family rental homes, condos, and townhomes to understand Austin’s current leasing market landscape.

Note: this data does not include apartments.

  • The median rent was $2,195, down 1.3% from January 2024.
  • 1,871 leases were closed in January, up 11.7% from last year.
  • 2,425 new leases hit the market, a 10.7% spike from the same time last year.
  • Active leases jumped 8% year-over-year, with a total of 4,246 rentals available last month.
  • Leases spent an average of 69 days on the market — nine days more than leases in January 2024.
  • $3.51 million. That’s last month’s total volume in lease dollars, up 4.8% from the previous year.

See how rent varies by neighborhood.

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