Austin Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Matthews, Lee Associates, CBRE, Cushman & Wakefield, Colliers
Quarterly multifamily market indicators for Austin, aggregated by PropZone from Matthews, Lee Associates, CBRE, Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was — with a 14.2% vacancy rate.
Projected current multifamily pricing — Austin
low confidenceProjected asking rent
$1,400–$1,430/unit/mo
Estimated sale value
$162,240–$207,217/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 4.9%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 14.2% | — | — | Matthews |
| Q1 2026 | $2087.00/SF | 7.0% | 0K SF | — | Lee Associates |
| Q1 2026 | — | 1.2% | 0K SF | — | CBRE |
| Q1 2026 | $1400.00/SF | 9.0% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 5.7% | 0K SF | — | Colliers |
| Q3 2023 | — | 9.3% | 22K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Austin?
- PropZone aggregates multifamily asking-rent data for Austin from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Austin?
- The multifamily vacancy rate in Austin was 14.2% as of Q1 2026 (Matthews).
- Where does PropZone's Austin market data come from?
- This report aggregates quarterly multifamily market data for Austin from Matthews, Lee Associates, CBRE, Cushman & Wakefield, Colliers.
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