Kyle Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Kyle, TX. Currently, the overall median rent in the city stands at $1,467, after rising 0.7% last month. Prices remain down 5.3% year-over-year. Read on to learn more about what’s been happening in the Kyle rental market and how it compares to trends throughout the broader Austin metro area and the nation as a whole.

Kyle rents are up 0.7% month-over-month and down 5.3% year-over-year

The median rent in Kyle rose by 0.7% over the course of April, and has now decreased by a total of 5.3% over the past 12 months. Kyle’s rent growth over the past year has has fallen behind both the state (-2.7%) and national averages (-0.8%).

Kyle rent growth in 2024 pacing above last year

Four months into the year, rents in Kyle have risen 2.2%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had increased 0.2%.

Kyle rents are 1.7% higher than the metro-wide median

If we expand our view to the wider Austin metro area, the median rent is $1,442 meaning that the median price in Kyle ($1,467) is 1.7% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at -7.4%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 9 cities in the Austin metro area that are included in our database. Among them, Leander is currently the most expensive, with a median rent of $1,640. San Marcos is the metro’s most affordable city, with a median rent of $1,204. The metro's fastest annual rent growth is occurring in San Marcos (-2.6%) while the slowest is in Round Rock (-10.3%).

You can also use the map below to explore the latest rent trends in the Austin metropolitan area.