Austin, TX Multifamily Market Report | MMG Real Estate Advisors | Q1 2026

Market Overview
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Austin's multifamily market continued working through the tail end of an aggressive supply cycle in Q1 2026, with average rent at $1,467 (down 4.9% year-over-year) and occupancy at 89.2%, down 100 basis points annually. Demand momentum is building, with absorption exceeding new supply on a quarterly basis for four consecutive quarters and on an annual basis for three, alongside broad-based positive absorption across all major submarkets. The supply cycle is turning decisively, with trailing 12-month completions down 43% from their prior-year peak, starts down nearly 35% year-over-year, and the under-construction pipeline contracting 20% over the past four quarters, while sequential rent momentum turned positive at 0.3% quarter-over-quarter. NOTE: The full report requires submitting contact information through a download form; the description above reflects publicly visible market snapshot data only.
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About MMG Real Estate Advisors

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MMG Real Estate Advisors is a multifamily investment sales and research firm tracking apartment market fundamentals across the Southeast, Midwest, and beyond. Their Q1 2026 Austin multifamily market snapshot tracks rent, occupancy, absorption, and supply trends to help owners and investors assess market timing. To read the full report, click here.