Austin Rent Declines Narrow to 1.9% as San Antonio Vacancy Tops 15% in Texas Multifamily Shakeout

Austin has climbed off the bottom of the national rent growth rankings for the first time in three years, but San Antonio has taken its place at the back of the pack and now carries the highest apartment vacancy rate in the country, as a pandemic-era construction wave keeps pressure on landlords across all four major Texas metros.