MARKET SNAPSHOT

Austin Q3 2025

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AVERAGE RENT

$1,509 Q3 2025

OCCUPANCY RATE

89.7% Q3 2025

NET ABSORPTION

16,017 YTD Q3 2025

ANNUAL RENT CHANGE

-4.3% Q3 2025

ANNUAL OCCUPANCY CHANGE

-110 BPS Q3 2025

COMPLETIONS

14,678 YTD Q3 2025

KEY TAKEAWAYS

For the first time in sixteen quarters, multifamily demand in Austin outpaced new supply, with 5,673 units absorbed versus 3,764 delivered in Q3 2025, marking a meaningful shift in market momentum.

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Apartment deliveries have slowed sharply, falling from 6,500 units in Q2 2025 to 3,754 in Q3 2025, with just 2,625 units slated for completion in Q4—the lowest quarterly total since early 2021.

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Urban and near-urban submarkets are outperforming, with Downtown Austin (+4.8%) and West Austin (+0.4%) standing out as the only areas to record positive annual rent growth, highlighting renewed demand for central, high-amenity locations amid broader market softness.

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MARKET OUTLOOK

Austin’s apartment market is showing early signs of stabilization, with demand beginning to match supply additions and construction activity slowing from recent highs...

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