Per Culture Map, Austin, Texas sees one of the most dramatic drops in rent prices during the pandemic
Austin sees one of the most dramatic drops in rent prices during pandemic By Steven Devadanam Sep 4, 2020, 8:59 am Americans are under siege as the COVID-19 pandemic and its subsequent economic fallout continue to overwhelm renters across the country. So grave is the issue that the Trump administration has halted evictions nationwide through December for people who have lost work during the pandemic, as reported by NPR . Just how hefty are rents in Austin? Rental resource Apartment List released its September 2020 national rental survey , and the results may surprise locals. Rents in Austin have fallen by 1.7 percent since March, the eighth-largest decrease among big U.S. cities. Capital City rents have declined 0.2 percent over the past month, and are down by 1.1 percent — in comparison to the same time last year. Currently, median rents in Austin stand at $1,173 for a one-bedroom apartment and $1,448 for a two-bedroom. This is the fifth s...