MARKET SNAPSHOT Austin Q3 2025

Market Overview

‍After a prolonged stretch of oversupply, the Austin multifamily market finally flipped in Q3 2025 as absorption (5,673 units) surpassed new deliveries (3,764 units), marking a significant momentum shift. With average rent around $1,509 and occupancy at 89.7%, annual rent change still shows a 4.3% decline and occupancy down 110 basis points. However, the sharp drop in completions from Q2 to Q3 and a projected pipeline of just 2,625 units for Q4 create the first credible path toward stabilization since early 2021.

‍About MMG

‍MMG Real Estate Advisors is a specialist multifamily research and advisory firm focused on metro-level rental housing markets across the U.S. Their Q3 2025 Austin report provides timely data on rent, occupancy, net absorption and completions, helping owners, developers and investors spot emerging inflection points and refine strategy. To read the full report, click here.