WHAT $1000 A MONTH GETS YOU IN TEXAS | Luxury Apartment Hunting In Austin, Texas Part 1 (2023)


#AustinLiving #AustinApartmentHunting #AustinApartmentTour
Hey guys! Today I bring you apartment hunting/touring with me in Austin, TX with prices in the (1k) $1,000 monthly range. These complexes are minutes from downtown Austin. Watch as I take you along with me 🤗

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Hey guys welcome back to my channel today we're going apartment, hunting, okay, you guys we just got to the first.

I'm excited, let's see what it's about, we don't have to go in again, yeah, it's just so that I can like compare and contrast.

Thank you oh right here.

So this this is the dining room, all the apartments, and then this would be in the floor plan compared to the 695.

A big difference is you have two entries into your bathroom, so you have an entry coming in from this way and then you have one from your bedroom and that way you do have guests over.

They don't have to go through your bedroom yeah.

I actually like that yeah and then this is like the pantry yes ma'am and this floor plan.

You get a little more closet space.

So as you go into your bedroom, the hallway leading into your bathroom, you have both a regular closet and then like a little closet on the other end as well, so hmm bigger than what I have.

Oh more storage.

I, like it uh uh, oh yeah! This is a lot of space.

It is yeah and then is this for storage.


I like that it's outside yeah right, yeah, yes, okay, so we just got done with the first apartment um I liked it.

I actually really liked it.

Um I, like the pool y'all, are going to see a clip of the pool um.

I think I already put the clip of the pool and I showed y'all the apartment.

It is small, but I like it because it's just me like I don't really need a lot of space, but I feel like it's enough for just me um.

I really like it a lot.

I love their gym.

I didn't record the gym, but I like their gym.

They have a yoga room and a spa room.

I love that love the pool say it again.

I love the pool um, it seems really quiet.

It reminds me of my first um I went to school in beaumont, lamar university um.

The way like the the apartments are styled and the way she said that some apartments, when you open the door there are stairs as soon as you open it and go up.

That's exactly how my apartment in beaumont was so I like this place, it's quiet, it's calm.

The area seems really quiet and calm like that's something I'm paying attention to is the area, but so far I I like it.

I do already just got to the second apartment, just from the outside of you.

I I like it so stay tuned.

I'm about to you know the next clip is y'all are gonna, see the apartment.

Oh wow pool is really nice side, fire pit turn.

Do you have any pets? No, I don't I'm thinking about it, though.

Okay, because we have a large dog park right on this side, fenced off park with a dog walk station.

I'm really thinking about it.

Thank you, a3, okay, the kitchen is, it has a lot of space.

What how many square feet is this place? They got four 704.

It looks bigger the majority of the space.

If you decide to go a little bit, less will lose her feet in the living room yeah, but everywhere else will yeah.

I think they ate to the bathroom.

Once you get into the bedroom, this one has double axes, and this is the patio oh wow.

Oh this one comes with a yard yeah.

This is a lot I like this um.

Oh, the room is big too.

This is a king size.

Bed, oh really, yeah the room is spacious.

What do you think I, like it yeah the place, looks a lot bigger because I came from a place that had 7 27 and it just looks smaller yeah yeah.

This place looks huge.

I really like it, though it just works, uh well like the flow of it mhm entry.

It just makes sense and then, in that room right there in that closet, your washer and dryers are included.

Oh really, okay, let me see oh, this is so cute.

Hmm, it's like a storage space yeah, because technically the kitchen doesn't have a kitchen pantry yeah, but there's a lot of there are a lot of cabinets yeah.

So it's still a lot of like storage wow.

I love people just put shelves in here.

Yeah, I'm really impressed, especially with the space like it looks, really huge.

Okay, you guys.

So I just got done with the second apartment.

I know I said I love the first one, but no guys like I really love this one like I didn't, show y'all like the nicks and crannies of the clubhouse, but they have so much like space, so many rooms, I'm trying to take my youtube to another level, give y'all different scenes different vibes.

This is giving me that the pool was also beautiful.

I think I, like the other pool better, but this pool is also still really nice.

I love, oh, my goodness.

I love the apartment.

The apartment is smaller than the last one.

The last one looked way smaller.

Maybe I love this place like I know I said the last place was number one, even though that was my first place.

I looked at this might be the number one like.

I told her to put me down on the guest list because I love the floor plan but because it just looks so big again.

It's just me.

I don't mind a smaller floor plan.

I really don't um, so I'm on my way to the next apartment, but I think I'm gonna stop the video here.

I just don't want it to be too long and um yeah.

I don't want the video to be too long.

I want to give you guys variety without getting bored because yeah, so if you're interested- and you like what I've showed so far with the price range part, two is coming out right after this.

You know.


Are Austin apartment prices going down? ›

To illustrate the price of rent in Austin is to draw a steep, steep hill. But for the past few months, that hill has leveled off as landlords have dropped rent prices. April rent numbers marked the first annual decrease in average rent since early 2021, according to data from ApartmentData.com.

Is rent expensive in Austin? ›

Austin is the #32 most expensive large city in the U.S., with a median rent of $1,638. Citywide, the median rent currently stands at $1,461 for a 1-bedroom apartment and $1,778 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,638.

Will rents rise in Austin? ›

Apartment rent keeps going up in Texas, and in Austin the increase is nearly 10 percent more than last year, making it increasingly difficult to afford living in the city.

Will rent go down in 2023 Texas? ›

While there's no consensus on what rents will do exactly in 2023 — go up a little, go down a little, or stay flat, according to three forecasts — what's clear is they are expected to return to more normal growth patterns, instead of the unsustainable, record rates seen in 2021 and 2022.

How much will rent cost in Austin in 2023? ›

The average rent for apartments in Austin, TX, is between $990 and $1,912 in 2023. For a studio apartment in Austin, TX, the average rent is $990. When it comes to 1-bedroom apartments, the average rent in Austin, TX, is $1,623. For a 2-bedroom apartment, the average rent is $1,912.

How much does it cost to live in Austin TX for 1 person? ›

A family of four estimated monthly costs are 4,087.9$ without rent. A single person estimated monthly costs are 1,158.6$ without rent. Austin is 24.0% less expensive than New York (without rent). Rent in Austin is, on average, 33.9% lower than in New York.

What month is rent the highest? ›

The busiest rental and moving period tends to be between the months of May and September. 1 The reason for this is fairly straightforward: A number of life changes tend to occur in these months. Many high school graduates are leaving home for college or jobs.

Is it better to rent or buy in Austin? ›

If you're not committed to mortgage payments, you have the flexibility to move around and discover different neighborhoods throughout the city. Renting before buying a home in Austin has the advantage of lower upfront costs compared to the down payment required when purchasing a home.

What will happen to Austin housing market in 2023? ›

Austin-Round Rock Metro's home values are expected to drop by 1.4% between March 2023 and March 2024. According to their forecast, the supply and demand dynamics will likely push down prices over the next 12 months.

Is Austin Texas in a housing bubble? ›

That's exactly what occurred in Austin during the Pandemic Housing Boom. In fact, according to Moody's Analytics, Austin home prices were "overvalued" by 63.7% at the height of the boom in the first quarter of 2022. Anything above 25%, Moody's considers "significantly overvalued."

Why is Texas rent so high? ›

Renters are seeing their housing costs jump as population increases, strict zoning regulations and rising home sales push up rent prices.

Will Texas rent relief get more funding in 2023? ›

At this time, the Texas Rent Relief program has committed all available funds and is now closed. During the recent re-opening of the application portal on March 14, 2023, requests for assistance far exceeded available funding within the first 24 hours.

Can you negotiate rent? ›

Can you negotiate rent? Yes. Each landlord will differ in how receptive they are to negotiating rent, but it happens a lot. Often landlords build risk into their rental rates so they can afford it when a renter is late or breaks their lease.

What is the max rent increase in Austin? ›

There is not a statewide law that places limits on how much a landlord can increase the rent when a lease is renewed. In fact, Texas law only allows cities to establish local rent control ordinances in certain cases.

What salary do you need to live in Austin 2023? ›

However, to stick to the rule of spending only 30% on your monthly income on rent, you will need an income of $59,320 to live comfortably in a one bedroom apartment, which currently costs $1,483.

How much does it cost to live in an apartment in Austin Texas? ›

Median Rent in Austin

For studio apartments, renters should expect to pay between $450 and $1,800 per month, depending on the location. For a one-bedroom, those looking to rent should expect to pay anywhere between $700 and upwards of $2,000 per month. Two-bedroom apartments can range from $1,200 to $4,000 per month.

What is a good hourly wage in Austin Texas? ›

$14.66 is the 25th percentile. Wages below this are outliers. $24.04 is the 75th percentile.

How much money do you need to live comfortably in Austin Texas? ›

In Austin, the study found that a single adult would need to be making $55,186 after taxes. If you were in a couple and only 1 adult worked, you would need to make $87,314. The income increases per child and per partner situation.

What is a livable salary in Texas? ›

With that in mind, a good salary in Texas is between $55K and $73K. To live comfortably anywhere, it helps to track your spending and saving with SoFi Insights.

Is it cheaper to live in Dallas or Austin? ›

Austin is ranked 71 on a list of 500 U.S. metro areas when it comes to the cost of living. Dallas on the other hand boasts a cost of living that is higher than the national average and Austin.

What city in Austin has the highest cost of living? ›

Austin now the 5th most expensive large U.S. city for renters, rental company says. AUSTIN, Texas — On top of inflation and expensive gas in 2022, if you rent your home, you're probably feeling the financial strain. This is particularly true in the Texas capital.

What is the average electric bill in Austin Texas? ›

Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Austin, TX, the average monthly electric bill for residential customers is $159/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,340 kWh * 12 ¢/kWh.

What month is cheapest to rent an apartment? ›

The cheapest months to rent are between December and March, or early winter to early spring.

What day of the week are apartments cheapest? ›

Research shows that the best days of the week to rent an apartment are Mondays and Fridays. Additionally, the most expensive days to rent an apartment are Sundays and Tuesdays. We also recommend trying to rent at the beginning of the day between 9am and 10am for the best prices.

What is the best time to move into apartment? ›

Advantages. Typically, summer is the best time of year to move into an apartment. However, May through September usually have more options to choose from because current leases begin to end. Families also tend to move when their kids are on summer break and have more time off.

Why is Austin so expensive right now? ›

The rapid influx of tourists to Austin each year, magnetized by its vibrant nightlife, live music, and remarkable outdoor entertainment, has resulted in an exponential increase in living expenses, which are now beyond the means of those with smaller incomes.

Is it a good idea to move to Austin Texas? ›

Austin is a popular place to move to due to its thriving job market and lower cost of living compared to other major tech hubs like San Francisco and New York City. Additionally, Austin is known for its world-renowned live music scene, festivals, outdoor activities, and unique local cuisine.

Is Austin TX cheap to live? ›

The cost of living in Austin, TX is 9% higher than the state average and 1% higher than the national average. Austin, TX housing is 16% more expensive than the U.S average, while utilities are about 6% less pricey.

Are home prices dropping in Austin TX? ›

Driving the news: Average home prices in greater Austin have fallen by more than 10% between July 2022 — when the market peaked — and April 2023, according to the Zillow Home Value Index.

Will home prices drop in Austin 2023? ›

The April 2023 report from the Austin Board of Realtors (ABoR) shows the median sale price is down 15%.

Is Austin a buyers or sellers market? ›

Austin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Why are Austin home prices dropping? ›

The lower prices come as mortgage rates have risen, decreasing purchasing power for many buyers. But even though prices are declining, was the headline about a crash overstated? Several leading experts who have been tracking the Austin-area housing market for decades say yes.

Is homelessness increasing in Austin? ›

The number of unsheltered people who said they first experienced homeless in Austin went up to 74.5% in 2023, whereas in 2020 it was 63.4%, according to data. “In 2020, approximately 5.2% of people were counted in City of Austin-owned parks, nature preserves and greenbelts. In 2023, that number increased to 13.6%.

Is it smart to buy a house in Austin? ›

Buying a house in Austin looks like a smart investment, too, based on the city's promising future. According to the American Growth Project, Austin is the second fastest-growing city in the U.S. If that growth continues, home values are likely to continue to rise, too.

Will the Austin housing market dip? ›

According to the Zillow Home Value Index, home prices in Austin have fallen by more than 10 percent between July 2022 and April 2023, while on a national level home prices declined by about 1 percent.

Is the Austin housing market cooling? ›

AUSTIN, Texas — After a red-hot Austin housing market, a new report from Zillow shows us just how quickly it's cooling off. The average home value in the Austin area is down 12% since the record highs we saw in June.

Why is rent so expensive in Austin? ›

Couple that with the supply chain issues, the influx of high earners moving to the city and increased mortgage rates forcing potential buyers to rent, you end up with rent prices spiking. "Some rental home prices are increasing due to the recent tax increases that we're going to see on investment homes," said Doggett.

What is the housing market prediction for 2024 in Austin? ›

This article also included a chart from Goldman Sachs with a price forecast extending into 2024. It predicted that home prices within the Austin-area real estate market would continue dropping in 2024, but by a more moderate 3%.

Is now a good time to buy a house in Austin? ›

Is it a good time to buy a house in Austin? While Austin isn't a cheap place to buy a home, the real estate market here is looking quite a bit more buyer-friendly in 2023. More sellers have been dropping their prices, according to data from Redfin, and properties are staying on the market longer.

Is Austin housing a bubble? ›

In fact, according to Moody's Analytics, Austin home prices were "overvalued" by 63.7% at the height of the boom in the first quarter of 2022. Anything above 25%, Moody's considers "significantly overvalued." Second, a housing bubble requires speculation.

Is Austin overpriced? ›

A year ago, Zillow researchers named the Texas capital the nation's second-most overpriced housing market, after Boise. The Austin market is “arguably the largest housing bubble in America based on the fundamental data,” Reventure Consulting CEO Nicholas Gerli said in May.

Are housing prices falling in Austin? ›

Driving the news: Average home prices in greater Austin have fallen by more than 10% between July 2022 — when the market peaked — and April 2023, according to the Zillow Home Value Index.

Is Austin still a good investment property? ›

Landlords have long enjoyed the benefits of buying rental property in Austin, Texas – from growing rental demand to plenty of opportunities for appreciation. With its robust job market, low taxes, and great outdoor activities, Austin offers a unique opportunity to profit while also enjoying all the city has to offer.

Why is Austin so expensive? ›

Regulatory factors such as significant delays in the city's permit review processes, lack of developable land zoned for high density residential development, minimal “by-right” entitlements, and fierce neighborhood opposition to density and affordable housing also contribute to increasing housing prices in Austin.

What is the average price of a house in Austin Texas? ›

The median listing home price in Austin, TX was $679K in May 2023, trending down -2.9% year-over-year. The median listing home price per square foot was $386. The median home sold price was $551.3K.

What month is the lowest rent price? ›

The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains.

How much do you need to make to afford an apartment in Austin? ›

According to a 2020 Report by the National Low-Income Housing Coalition, you need around $31,720 just to afford to rent a studio apartment in the Austin metro area. In contrast, mortgage site HSH Associates that you need to earn $78,441,65 in Austin to buy a median-priced home.

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