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Suburban markets, including Round Rock / Georgetown, are attractive to those renters who are priced out of more urban areas or want more space. (Bexley Round Rock)

Austin rents have surpassed pre-pandemic levels after a temporary slump that was a rare boon to tenants. The most in-demand submarkets right now are:



This ranking is based on a combination of factors, including the average rent, rental rate growth and absorption, which measures how many units were leased against how many were vacated, according to a market report from ApartmentData.com.

1. Cedar Park / Leander / Four Points

Trail Oaks apartments in Leander. (Apartment List)

The top-ranked submarket has an average rental rate of $1.42 per square foot per month. The average size of an Austin apartment is 875 square feet, which would put a unit in this area at $1,242.50 a month, slightly less than the overall Austin average of $1,335.

Demand in suburban areas was growing pre-pandemic as renters were priced out of the urban core and only accelerated over the past year. "The pandemic really opened the eyes of Austin residents that there's a beautiful city outside of the urban core," said Cindi Reed, vice president of sales and development at ApartmentData.com.

Like the other suburban submarkets on this list, Cedar Park / Leander / Four Points offers a relatively affordable, family-friendly experience in beautiful the Hill Country only a short drive away from central Austin.

2. Downtown / South Congress / Barton Springs

The downtown rental submarket has rebounded after a pandemic-fueled migration into more suburban areas. (Emma Freer/Austonia)

The second-place submarket has an average rental rate of $2.57, which would put an average unit at $2,248.75.

Although the pandemic led residents to migrate out of downtown areas all over the country, demand is picking up as restrictions ease and urban amenities—bars, restaurants and crowds—regain their appeal. "Now that we're opening back up, you're seeing everything go right back to where it was," Reed said.

3. UT / Mueller

West Campus and the Mueller development came in third. (Mueller Austin)

The average rental rate in this submarket is $1.94, which would put an average unit at $1,697.50.

The return of students has helped buoy the rebound in West Campus, Reed said. The Mueller development similarly offers a central location and walkability. It also includes a diverse mix of Austin favorites such as Kerbey Lane Cafe, Torchy's and Alamo Drafthouse; plenty of green space; and fewer house parties.

4. Round Rock / Georgetown

Suburban markets, including Round Rock / Georgetown, are attractive to those renters who are priced out of more urban areas or want more space. (Bexley Round Rock)

The average rental rate in this suburban submarket is $1.36, which would put an average unit at $1,190—or $145 less than the greater Austin average.

Fast-growing Round Rock and Georgetown offer family friendliness, affordability and a small town vibe thanks to beloved institutions such as Round Rock Donuts. But they also benefit from being part of a major metro, with big-time employers such as Dell and Kalahari in Round Rock and AirBorn and St. David's Hospital in Georgetown.

5. Pflugerville / Tech Ridge / Wells Branch

(Shutterstock)

Similar to Round Rock / Georgetown and Cedar Park / Leander / Four Points, the average rental rate in this suburban submarket is $1.37, which would put the average unit at $1,198.75 a month.

These northeastern suburbs also offer small-town charm—the first season of Friday Nights Light was filmed in Pflugerville—and affordability as well as relatively quick access to downtown Austin.

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(Shutterbug)

Whether you became a home chef when the pandemic began or have always enjoyed crafting delicious meals, it’s undeniable that no home is complete without a cozy kitchen.

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(Chili Cold Blood Chili Cook Off/Facebook)

Sample some spirits
When: 11:30 a.m. Friday, Saturday and Sunday
Where: Desert Door, 211 Darden Hill Rd. Driftwood
What: Attend Desert Door Distillery’s first Explorer Series of 2022. Guests will be able to sample Caliber on its own or in a delicious cocktail.

Eat some chili
When: 12 p.m. Saturday
Where: Sagebrush, 5500 S. Congress Ave.
What: Enjoy great chili and great music at the 14th Annual Chili Cold Blood Chili Cook-Off. All proceeds will be donated to Health Alliance for Austin Musicians in memory of Nick Curran.

Enjoy some local art
When: 4 p.m. Saturday
Where: Neill-Cochran House Museum, 2310 San Gabriel St.
What: The Neil-Cochran House Museum will host a multi-media art exhibition by Austin artist Nell Gottlieb, titled “Land as Persona: An Artist’s Journey.” Gottlieb works in multiple media to reexamine her coming of age, white and female in the Jim Crow South.

Catch some improv comedy
When: 7 p.m. Sunday
Where: GameOn! ATX, 1515 Dungan Ln.
What: ColdTowne ThrowDowne is an improv comedy tournament between troupes that will take place in front of a live studio audience and streamed live to the world on Twitch.

Catch a Johnny Cash-style show
When: 7:30 p.m. Sunday
Where: Georgetown Palace Theatre, 810 S. Austin Ave.
What: Experience music history with a unique musical about love and faith, struggle and success, rowdiness and redemption, and the healing power of home and family set to the tune of the legendary Johnny Cash.