Rents have jumped 21 percent over the past five years making the Austin area the most expensive in Texas and the third most expensive in the South. Many apartments will accept Letters of Guaranty for students. However, some will not. An application fee is charged the tenant when they apply to rent a unit. Application fees can vary from twenty five to forty dollars per person.
Many apartments require two years of verifiable rental history.
Deposits are relatively low. Some apartments may require a portion of the deposit to be non-refundable. Most apartments will accept pets, but limit the size and number of pets. Usually the rule is under twenty-five pounds and no more than two pets. Amenities cover a wide spectrum of opportunities.