Austin Multifamily Market Report – July 2025

Market Overview

‍The metro Austin multifamily market is confronting a pronounced adjustment phase, with average asking rents down 5.2 percent year-over-year to about $1,554 per unit while stabilized occupancy dropped to roughly 92.5 percent. Supply remains elevated, with more than 10,600 units delivered year-to-date and approximately 35,902 units still under construction, exerting downward pressure on fundamentals.

About Yardi Matrix

‍Yardi Matrix is a data-driven analytics firm focused on multifamily housing markets across the U.S. Their Austin July 2025 market report integrates rent trends, occupancy metrics, new-supply flows and investment activity to help owners, developers and investors adjust strategy and navigate timing. To read the full report, click here.