Austin Ranks #1 in Texas Rents

The city of Austin has been crowned most expensive in Texas for renters. This news comes from a new study released by the Washington-D.C.-based Center for Housing Policy.

By evaluating costs in more than 200 metro areas across the nation, the data ranked Austin as highest in Texas but only the 65th most expensive rental market in the U.S. Home-seekers will find it to be the 73rd costliest in the nation.

Renting a two-bedroom place in Austin rose to $954 in 2009 from $912 in 2008.