Cedar Park Has Region's 2nd Highest Rents: Report

CEDAR PARK, TX — Cedar Park held steady this month as the 2nd most expensive city for renters in the Austin region, according to a new analysis.

Officials at Zumper have released the findings of their latest Austin Metro Report showing Cedar Park to be the second-highest in terms of rents in the eight-city study of the fastest-growing costs. The upshot: The price of a one-bedroom unit fell 0.9 percent to a median of $1,120 while two bedroom units drooped 0.7 percent to $1,390, researchers found.

It's the second month in a row that Cedar Park has held the second spot for high rents. In Zumper's October report, rents were found to have grown from the prior month by 2.7 percent for a one-bedroom pad for a median of $1,130. The median for a 2-bedroom unit fell by 0.7 percent to $1,400, researchers found last month.

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• Cedar Park Is Metro Area's 5th Most Expensive For Rent

However, that study was based on a 7-city comparison, one less than the newest sampling. In a study of 13 area cities, Zumper found Cedar Park had the 6th-highest rents in the region with the median price of a one-bedroom unit at $1,050 and a 2-bedroom at $1,400.

To read the full latest report, visit https://www.zumper.com/blog/2019/11/austin-metro-report-november-2019/