April 2025 Real Estate LEASE Market Report - Austin-Round Rock-San Marcos MSA

🏘️ Austin Lease Market Update – April 2025

As the Central Texas lease market continues to adjust, renters and investors alike are feeling the effects of more moderate demand, subtle price shifts, and longer market times.

Here's a snapshot of what happened across the Austin-Round Rock-San Marcos MSA in April 2025:

🔑 Key Lease Market Stats (Year-over-Year Comparison)

• 💵 Median Rent: $2,250 → ⬇ 2.0%

• 🧾 Closed Leases: 2,153 → ⬇ 2.8%

• 💰 Lease Dollar Volume: $4.46 million → ⬇ 8.5%

Rents are slightly softening, and overall leasing activity is down, indicating a more cautious renter pool and increased sensitivity to pricing.

📦 Inventory Holding Steady, But Demand is Shifting

• 🏘 New Leases Listed: 3,141 → ⬆ 5.1%

• 🏡 Active Lease Listings: 3,975 → about the same (<1% change)

• 🔁 Pending Leases: 2,468 → ⬆ 2.5%

• 📊 Months of Inventory: 1.9 months → ⬆ from 1.8

More listings are hitting the market while absorption has modestly increased, keeping the lease market relatively balanced.

⏱️ Slight Slowdown in Leasing Speed

• ⌛ Average Days on Market: 48 days → ⬆ 4 days

• 🏷️ Close-to-Rent Price Ratio: 97.8% → ⬆ from 97.1%

Although properties are taking slightly longer to lease, landlords are still achieving rents close to asking price—suggesting pricing has stabilized within realistic margins.

💡 What This Means for Renters and Investors

Renters may find a bit more flexibility and negotiating power this season, particularly with more options and minor price reductions.

Investors should pay close attention to rent pricing trends, especially as holding periods lengthen and market competition increases.

If you own a rental property or are thinking about leasing one out, this is the time to review your pricing, marketing strategy, and lease terms.

📩 Let’s connect if you’d like a custom lease market report for your property or neighborhood.