Austin, TX Multifamily Market Report | Colliers | Q1 2026

Market Overview

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The Austin-Round Rock multifamily market reached a new milestone at the start of 2026, with total inventory climbing to 350,991 units and continuing its record-setting growth. New apartment supply declined 3.9% year-over-year, reinforcing a steady inventory contraction trend, and 16,171 units remained under construction with further groundbreakings expected in the months ahead. Following ten consecutive quarters of rent declines, average rents have recovered to $1,400, marking the first meaningful inflection point since the market's prolonged correction began. The combination of easing supply, steady demand, and improving rent performance positions Austin for a gradual but sustained recovery through the remainder of 2026.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 Austin multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.