Austin saw the biggest drop in rent prices in the U.S. this year

Apr 6, 2026 | 12:56 pm

A new report tracking the price of rent in the biggest U.S. cities has revealed Austin saw the No. 1 biggest decrease in year-over-year rents nationwide.

SmartAsset’s annual report, “Where Rent Increased and Decreased Most – 2026 Study,” analyzed the change in average rent costs in the 100 largest U.S. cities from February 2025 to February 2026, and compared them to the typical rent price in 2021.

Austin’s typical rent prices have dipped nearly 3 percent compared to what they were a year ago, which is more than any other large U.S. city, the report said. For comparison, elsewhere in the U.S., San Francisco saw the highest one-year increase in rent nationally — with typical rent prices soaring nearly 14 percent…

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