Study: Austin sees drop in rent prices compared to 2024

AUSTIN (KXAN) — A recent study showed the rent prices in Austin dropped when compared to 2024, and the city took the No. 2 spot for where rent decreased the most in the U.S.SmartAsset, a financial technology company, said it ranked 100 of the largest U.S. cities based on the percentage change in average rent prices for all homes between February 2024 and February 2025.So far in 2025, six of the 100 cities saw a decrease in rent, including Austin. Austin still leads in multi-unit permitting