Tagged: rentals

Having trouble finding a place to rent? You’re definitely not alone.

A steady stream of people moving to Central Texas has made finding an apartment more difficult. U.S. Census Bureau data released in June ranked Round Rock second and Austin third on a list of the fastest-growing large cities in the country.

Capitol Market Research, which studies the area’s rental market, says there are barely enough apartment units in the Austin-area to keep up with demand. It says the average rent on a two-bedroom, two-bath apartment is now about $1,100 a month.

The company behind those “We Buy Ugly Houses” billboards just released a study on the best cities to invest in rental properties, and Austin made 24th on the list.