Austin Lease Market September 2025

Austin Lease Market Update: September 2025

The Austin lease market has reached record levels, with the number of active lease listings climbing to 7,470 in September 2025. This is the highest September figure on record, surpassing 7,136 listings in 2024 and well above the long-term average of around 3,400. The rise highlights a significant increase in available rental inventory compared with historical norms.

The growth in supply is especially visible when compared to the low point of September 2021, when just 1,809 active lease listings were available. Since then, listings have surged more than fourfold, reshaping the balance between landlords and tenants. For context, between 2015 and 2019, September lease counts ranged from 2,473 to 3,522. The sharp increase beginning in 2022 marks a new phase in Austin’s rental market, driven by rapid construction, investor activity, and shifting demand dynamics.

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Month-to-month trends show a mixed picture in 2025. After a steady decline through the first quarter, the market turned upward in April with a 6.9 percent increase, followed by gains of 15.2 percent in May and 12.8 percent in June. By July, the pace slowed to 4.7 percent before flattening in August and September. This seasonal rhythm suggests that while inventory expanded sharply in mid-year, the late-summer surge has moderated.

Year-over-year comparisons for September confirm the scale of growth. Lease listings in September 2025 rose 4.7 percent compared to the same month in 2024, adding more than 300 new units. While this is a smaller increase than the extraordinary 68.9 percent gain in 2023 and the 90.2 percent jump in 2022, the trend remains firmly upward. The cumulative effect is a rental market where available supply is at historically high levels, creating opportunities for renters and competitive pressures for landlords.

The data underscores a clear shift in Austin’s lease environment. For tenants, more inventory translates into wider choices and potentially more favorable lease terms. For property owners, it emphasizes the need for competitive pricing, updated amenities, and strong marketing strategies to stand out in a crowded field. For agents and investors, tracking lease trends alongside broader housing activity will be critical for understanding absorption, turnover, and rental yield in the months ahead.