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Crestview Commons Crestview Commons Apartments benefits from Austin’s high demand and strong job market (credit: Apartments.com).

AUSTIN, TX—The peak rental season is coming to an end and the average US apartment rent is winding down, as it experiences the lowest increase since February, of just $2. Texas’ largest cities still clock in shy of the national average, which reached $1,472 in August, according to a recent report by RentCafe.

Austin remains the most expensive large Texas city in which to rent, with average rents of $1,437. It has also recorded the largest month-over-month rent increase of 0.7%, translating to $10. The state capital also boasts the largest annual growth, 6.21% or $84 more than in August 2018.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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