General Rental Information
Rental rates average .72 cents per square foot across the metro area. The average rental house averages $1,675 a month. As the available inventory goes down the average rental price generally rises. The opposite is also true, when available inventory goes up the average rental price generally decreases.
In 2004 a 1000 square foot unit averaged $851 per month.
In 2007 a 1000 square foot unit averaged $956 per month.
Qualifying can vary greatly from one landlord to the next. It has become common place for a landlord to require a credit check on any applicant over the age of 18. Credit issues can be cause for rejection of an application or result in the landlord asking for a higher deposit. Most apartment communities, property managers & landlords require that your gross monthly income be three to four times the monthly rent. An application fee is charged the tenant when they apply to rent a unit. Application fees can vary from thirty-five to seventy-five dollars per person. Also, most landlords require two years of verifiable rental history and verifiable income/employment history.
Deposits usually equal 60 - 100 % of one month's rent. Deposits are usually due at the time of application. Some companies or landlords may take a personal check, but most require certified funds to process an application, i.e. money order or cashier's check. Some apartments may require a portion of the deposit to be non-refundable. Application fees are non-refundable. Deposits will be refunded if your application is not accepted.
Austin is a pet friendly city, however there are landlords that are not willing to accept pets. If pets are allowed there will be a pet deposit, that can range from $200 to $500 per pet. Also, landlords' insurance companies have begun to place restrictions on allowable breeds to maintain a landlords insurance on a property. These breeds are those usually found on the dangerous dog breed list put out by the City of Austin.
Amenities in a non-apartment unit usually include: Yards and Indoor/Onsite Utilities. Generally, the tenant is responsible for yard maintenance and a majority of yards are fenced. Utility hook-ups are common place in single family homes & duplexes.
Many properties do not include refrigerators, washers or dryers. Stoves, dishwashers and disposals are generally provided.
The tenant is usually responsible for all utilities. There are a small number of duplex units that do have a shared meter, in which that particular utility is built into the monthly rent and the landlord pays that.
Tenants are responsible for repairs that they, guests, friends or family cause. Landlords are responsible for all other repairs. However, the landlord may require the tenant to pay for a portion of a repair.
Many homes, condominiums, town homes and even some apartments have garages. However, garage door openers are not always provided in units with garages.
Check with your JBGoodwin agent for a list of current specials.
We Know The Answers
Call us at 1-800-531-5207
Round Rock/Georgetown: 512-502-7710