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50 Apartments for rent in Cedar Park, TX

Last updated August 23 at 3:35AM
607 Bristlewood CV
Buttercup Creek
Cedar Park, TX
Updated August 22 at 6:36PM
3 Bedrooms
$1,500
105 McBride Ln
Ranch at Brushy Creek
Cedar Park, TX
Updated August 19 at 9:57AM
5 Bedrooms
$2,600
608 Alamo Plaza DR
Cedar Park Town Center
Cedar Park, TX
Updated August 9 at 6:13PM
3 Bedrooms
$1,500
411 Oakridge Pass
Buttercup Creek
Cedar Park, TX
Updated July 26 at 10:43AM
3 Bedrooms
$1,450
11200 Lakeline Mall Dr
Cedar Park
Cedar Park, TX
Updated August 19 at 4:08AM
1 Bedroom
$1,195
2705 Sabinal Trl.
Cedar Park
Cedar Park, TX
Updated August 18 at 10:52AM
3 Bedrooms
$1,695
1506 Big Meadow Drive
Cedar Park
Cedar Park, TX
Updated August 18 at 10:50AM
2 Bedrooms
$1,075
2902 Cashell Wood Dr
Anderson Mill West
Cedar Park, TX
Updated August 22 at 9:20AM
5 Bedrooms
$2,595
1900 Little Elm TRL
Cedar Park
Cedar Park, TX
Updated August 9 at 6:13PM
3 Bedrooms
$1,550
710 Williams Way
Cedar Park
Cedar Park, TX
Updated August 22 at 9:20AM
4 Bedrooms
$1,895
Linden Loop
Cedar Park
Cedar Park, TX
Updated August 22 at 7:32AM
4 Bedrooms
$2,225
Zambia Dr
Cedar Park
Cedar Park, TX
Updated August 17 at 10:40AM
5 Bedrooms
$3,995
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Rent Report
Cedar Park

August 2017 Cedar Park Rent Report

Welcome to the August 2017 Cedar Park Rent Report. In this report, we'll evaluate trends in the Cedar Park rental market, including comparisons to cities throughout the state and nation.

Cedar Park rents increase sharply over the past month

Cedar Park rents have increased 1.6% over the past month, and are up slightly by 1.7% in comparison to the same time last year. Currently, median rents in Cedar Park stand at $1,310 for a one-bedroom apartment and $1,620 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in January. Cedar Park's year-over-year rent growth leads the state average of 1.4%, but trails the national average of 2.9%.

Rents rising across cities in Texas

Throughout the past year, rent increases have been occurring not just in the city of Cedar Park, but across the entire state. Of the largest 10 cities that we have data for in Texas, 8 of them have seen prices rise. Texas as a whole has logged a 1.4% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the rest of the state, Plano is the most expensive of all Texas' major cities outside the Austin metro, with a median two-bedroom rent of $1,420; of the 10 largest cities in Texas that we have data for, Houston and Corpus Christi, where two-bedrooms go for $990 and $1,020, are the two other major cities in the state to see rents fall year-over-year (-2.6% and -1.3%).
  • Arlington, Fort Worth, and Garland have all experienced year-over-year growth above the state average (9.2%, 5.2%, and 4.2%, respectively).

Many large cities nationwide show more affordable rents compared to Cedar Park

Rent growth in Cedar Park has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Compared to most large cities across the country, Cedar Park is less affordable for renters.

  • Cedar Park's median two-bedroom rent of $1,620 is above the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
  • While rents in Cedar Park remained moderately stable this year, similar cities saw increases, including Seattle (+5.6%), Phoenix (+5.0%), Denver (+2.7%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will generally find more expensive prices in Cedar Park than most large cities. Comparably, Detroit has a median 2BR rent of $880, where Cedar Park is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.