Cedar Park 2nd Most Expensive Austin-Area City For Renters

CEDAR PARK, TX — Cedar Park ranked as the second most expensive city to rent in the 8-city Austin metro area, according to a new study.

Researchers at Zumper this week published their latest "Austin Metro Report" highlighting the most/least expensive cities and those with the fastest-growing rents.

The upshot:

• This month, Cedar Park ranked as the 2nd most expensive city to rent in the metro area.
• The price of one-bedroom units grew 1.8 percent to a median of $1,120, while two-bedroom units fell slightly by 0.7 percent to $1,380.

Among the report's other highlights:

The Most Expensive

• Austin was the most expensive city with one bedrooms priced at $1,240.
• Cedar Park rent grew 1.8% to $1,120 and ranked as the second priciest city.
• Georgetown was third with rent at $1,100.

The Least Expensive

• San Marcos ranked as the most affordable city with one bedrooms priced at $900.
• Round Rock was the second least expensive with rent at $1,020.
• Kyle ranked as third with rent at $1,040.

The Fastest Growing (Y/Y%)

• Kyle had the fastest growing rent, up 7.2% since this time last year.
• Austin saw rent climb 6.0 percent, making it the second fastest growing.
• Leander and Georgetown were tied for third with rents both climbing 5.8 percent.

The Fastest Growing (M/M%)

• Georgetown had the largest monthly rental growth rate, up 4.8 percent.
• Cedar Park rent increased 1.8 percent last month, making it the second fastest growing.

To read the full report, click here.