AUSTIN, TX—The peak rental season is coming to an end and theaverage US apartment rent is winding down, as it experiences thelowest increase since February, of just $2. Texas' largest citiesstill clock in shy of the national average, which reached $1,472 inAugust, according to a recent report by RentCafe.
Austin remains the most expensive large Texas city in which torent, with average rents of $1,437. It has also recorded thelargest 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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