Thinking this isn’t the right time to go looking for a new place? Think again! There are so many discounts and Austin rent drops right now that it’s quickly becoming one of the best times to move.
We can’t help but be glad that the pandemic is having some kind of positive effect. Though this is usually the time of year when rents increase, apartment rents in Austin have decreased by 2.6% since December. Because of factors like uncertainty of income and job status, many are putting their moves on hold which is creating a downshift in occupancy. That means more apartment complexes are offering specials rates and deals to entice renters to make a move.
Our Senior Vice President Natalie Young spoke about the unprecedented shift in the rental market with the Austin American Statesman.
“We are seeing six weeks free across many communities, with some even adding additional concessions like up to $1,000 off,” Young said. “In some of our most affordable apartments, we are finally seeing rent decreases.”
ATX Apartment Locators posts some of the best specials in town on our Instagram account. Just this week, we posted about a complex less than five miles from downtown that’s offering eight weeks off!
The Statesman article also states that more than 29,000 apartment units in 120 projects are currently under construction, with more than 14,000 units due to be completed over the next 12 months.
That’s a whole lot of properties for a renter to keep up with. Luckily, they don’t have to! We monitor and share info on all the best apartment deals in the Austin area. And the best part about what we do? Our service is totally free!
Are you or someone you know interested in saving some cash on a new apartment?
Click here to get started on a free search.