The Dallas-Fort Worth metro area has overtaken Austin as the city with the highest rental prices in Texas. While Austin's rental market previously dominated, a surge in new apartment construction and a slowdown in population growth have led to falling rents in the area. This shift marks a correction in the market after a period of rapid price increases.
The Dallas-Fort Worth metro can now lay claim to the title of highest rents among big cities in the state, a crown long held by Austin.
Davis said she can't remember a time when landlords were offering such big concessions, the industry term for discounts means to entice renters to sign a lease, such as one month rent free. She has seen landlords offering as much as 2.5 months rent free, deals akin only to those she remembers seeing in 2009, during the national real estate market crash.
Local politicians have recently tried to capitalize on this building boom and resulting price drop by changing land use rules to let property owners
RENT PRICES TEXAS AUSTIN DALLAS-FORT WORTH HOUSING MARKET
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