DALLAS — Renters in Dallas and Austin are now encountering roughly the same rents, marking a major shift in the Texas housing dynamic, according to new data from Co-Star, a company specializing in real estate data.

Multifamily market rents in Dallas and Austin are essentially equal, according to a new report from Co-Star . Through the third quarter of 2025, Dallas-Fort Worth saw market rents of $1,550 per month, while in Austin, market rents hit a four-year low of $1,553, the data shows.

Market rents got cheaper over spring and summer, according to Co-Star analysis, but Austin saw a much bigger dip. Market rents in Austin dropped by about $100 from the end of 2024 to the end of 2025, data shows.

"Through boom and bust, Austin has carried a premium in asking rents relative to other ma

See Full Page