Buying Your First Rental Property in Austin
I spent years in property management before becoming an agent, so I have seen what makes a rental work, and what does not.
Run the numbers first
- Expected rent, using conservative estimates
- Mortgage payment, taxes, and insurance
- HOA dues, if any
- Maintenance and repairs
- Property management fees if you will not self manage
- Vacancy, because every rental sits empty sometimes
Rents are softer right now
According to Unlock MLS, the median rent in the City of Austin was $2,195 in September 2026, down 4.4% from a year earlier. Use realistic numbers, not last year's.
What rents well
- Easy layouts with good storage
- Washer and dryer connections
- Low maintenance finishes
- Locations near jobs, transit, and amenities
Financing
Investment property loans often require a larger down payment than owner occupied loans. Talk to a lender early.
Know the rules
Texas landlord tenant law, city rules, and HOA rental restrictions all apply. Read them before you buy.
Taxes
Rental income, depreciation, and expenses all affect your taxes. Talk with a CPA.
If you are thinking about your first rental, I'd love to help you find one that actually pencils.
Source: Unlock MLS Central Texas Housing Report, September 2026, City of Austin.
This article is general information, not legal, tax, or financial advice, and is not an appraisal or a guarantee of value. Market figures come from Unlock MLS and are deemed reliable but not guaranteed. Rules and programs change, so confirm details with the right professional.