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Going solo? Austin has the second-highest spike in one-bedroom rent in the US, report says

(Pexels)

Introverts and personal space lovers may not want to make the move to Austin anytime soon: The Texas capital saw a bigger increase in one-bedroom rent prices than almost any other U.S. city in April, according to a Rent.com report.


Austin's one-bedroom rent has more than doubled—a 112% increase—from April 2021 to 2022, the report said. Only Oklahoma City saw a higher year-over-year increase with a 133% jump.


Austin also had the fourth-highest increase in two-bedroom rent, with a 50% increase in the past year. The city joined a nationwide trend where rents were up 8.3% year-over-year across the U.S, a trend exacerbated by a 6.2% increase in inflation in the same time period.

But "not everyone is experiencing inflation the same way," Redfin Deputy Chief Economist Taylor Marr said in the report, and a brunt of the load has gone to cities with more move-ins. While over 90% of state rental markets increased in the last year, that jump was seen most in Sun Belt states, including Texas, Arizona and Florida.

Even with breakneck increases in rent, however, Austin's rent prices still haven't cracked the top 10: the city's one-bedroom apartments are the 12th most expensive in the nation with an average price of $2,918. Meanwhile, its two-bedrooms fall behind Texas cities Frisco, Dallas and Plano and come out 34th on the list with a $2,302 average monthly rent.

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When Mach .925 is not enough: Elon Musk to upgrade his Gulfstream private jet

(Gulfstream)

Elon Musk has placed an order for a new, top-of-the-line private jet: a Gulfstream G700, Austonia has learned. Delivery is expected in early 2023.

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Valencia Hotel Group Presents Live Music & Longnecks - All Summer Long

(Valencia Hotel Group)

Live music and beer? Say no more. With a location in Austin, and others throughout Texas, the court hotels by the Valencia Hotel Group have a new offering for weekend stays: Live Music & Longnecks.

Enjoy live music all weekend long and check out the hotels’ state-of-the-art amenities between sets. Make a splash in the pool, enjoy outdoor fire pits, or challenge your friends in a yard game while enjoying a weekend full of live music! Did we mention the package includes deluxe accommodations and a bucket of beer? Oh, and if you needed more convincing, this pet-friendly hotel means the whole family can join in on the fun.

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