Report: Austin now No. 2 among cities with fastest-rising rent prices

AUSTIN (KXAN) — Austin came close to eclipsing all other major American cities for the distinction of having the fastest-rising rent prices year to year, according to one new report.
Online real estate company Redfin released figures Wednesday showing March rental prices in the Texas capital city went up 38% in a year's time, the second highest amount in the country. Portland, Oregon claimed the top spot in Redfin's latest report, with its rental prices increasing 40% year to year.
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