Cedar Park 2nd Most Expensive City For Rents In Austin Area

CEDAR PARK, TX — Rents in Cedar Park ranked as the second most expensive in the metro area, according to a study released on Tuesday.

Researchers at apartment finders Zumper crunched the numbers for their latest study focusing on eight cities in the Austin metro area to achieve the rankings. The reckoning yields the most and least expensive cities for rent along with the region's fastest-growing rental rates.

The upshot: Cedar Park this month emerged as the second most expensive city to rent in the metro area, with the price of a one-bedroom unit growing by 2.7 percent for a median of $1,160 and that of a two-bedroom unit falling 0.7 percent to $1,480.

The report's other highlights include:

The Most Expensive

• Austin was the most expensive city with one bedrooms priced at $1,270.
• Georgetown was third with rent at $1,150.

The Least Expensive

• San Marcos ranked as the most affordable city with one bedrooms priced at $890.
• Round Rock was second with rent at $1,040.
• Kyle saw rent grow 1 percent to $1,060 and rank as the third least expensive.

The Fastest Growing (year-to-year percentage)

• Cedar Park had the fastest growing rent, up 7.4 percent since this time last year.
• Austin saw rent climb 5.8 percent, making it second.
• Georgetown was third with rent increasing 5.5 percent.

The Fastest Growing (month-to-month percentage)

• Leander was the fastest growing city relative to last month, with an increase of 3.8 percent.
• Cedar Park ranked as second, with rent growing 2.7 percent.
• Austin was third with rent climbing 1.6 percent.

Read the full Zumper Austin Metro Area Report.