According to a recent report by Bercadia Mortgage indicated the Austin rental market is looking at another 4.5% increase in rates for 2015. This isn’t a good sign for renters but definitely for those investors owning rental property. The average market price will be $1,185/mo. According to the study that 4.5% increase includes the newer high risers along with the demolition of Class C and D properties as well. The city of Austin considers affordable house to be 30% of a person income. That means a person would need to make $3850/mo to afford the average rent of $1,185. However, the city considers the living wage in Austin to be $11/hr but that only equates to $22,880/yr salary. This is all about supply and demand. The only real relief for renters is that developers have not slowed down production.