Austin, Texas Short-Term Rental Market
Austin STRs averaged $231/night at 58.2% occupancy in April 2026, with entire-home listings generating $4,150 in monthly revenue across more than 24,500 active listings.
Quick Answer: Austin, Texas is an active short-term rental market. average occupancy is 58%. average monthly revenue is $3,825. average daily rate is $231. the top operator is AvantStay with 358 listings. market score is 56/100 (grade C).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Austin’s short-term rental market is one of the largest in the United States, with approximately 24,604 active listings tracked across all platforms as of April 2026. Entire-place listings dominate the supply, accounting for 21,219 units (86.3% of total), followed by 3,296 private-room listings (13.4%) and 89 shared-room listings (0.4%).
The market recorded an average daily rate of $230.69 and an average occupancy rate of 58.2% in April 2026, producing a RevPAR of $134.30. Average monthly gross revenue across all listing types reached $3,825. Year-over-year, occupancy rose 4.1 percentage points while ADR declined 5.8%, resulting in a net revenue gain of 3.3%. This occupancy recovery signals a demand rebound even as nightly rates softened from their 2022 peak.
By bedroom count, one-bedroom units are the most common, comprising 10,631 listings (43.3% of supply), followed by two-bedroom units at 5,175 (21.1%), three-bedroom at 4,396 (17.9%), four-bedroom at 2,655 (10.8%), and five-bedroom at 1,684 (6.9%). Operators targeting higher revenue per booking have the broadest inventory of larger homes relative to most comparable urban markets.
The channel mix shows Airbnb holding the dominant position with 12,931 exclusive listings, VRBO with 1,599, and 10,074 listings appearing on both platforms. Dual-listing is common among professionally managed properties seeking maximum exposure.
Austin’s overall market score of 56.5 out of 100 reflects a competitive but manageable regulatory environment (64.2), strong seasonality characteristics (89.7), solid rental demand (65.6), and moderate investability (56.5). Revenue growth scored 57.4, consistent with a market that is stabilizing after the post-pandemic surge rather than declining.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 50% | $161 | $2,254 |
| Feb | 59% | $180 | $2,581 |
| Mar | 63% | $233 | $3,869 |
| Apr | 57% | $220 | $3,452 |
| May | 57% | $223 | $3,423 |
| Jun | 59% | $225 | $3,535 |
| Jul | 60% | $216 | $3,527 |
| Aug | 57% | $202 | $3,130 |
| Sep | 56% | $206 | $2,975 |
| Oct | 59% | $231 | $3,562 |
| Nov | 53% | $201 | $3,002 |
| Dec | 51% | $180 | $2,630 |
Top Short-Term Rental Operators in Austin
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | AvantStay | 358 | 1,931 | ★ 4.77 |
| 2 | Landing, Inc. | 311 | 520 | ★ 4.30 |
| 3 | Hill Country Premier Lodging | 287 | 24,078 | ★ 4.61 |
| 4 | Landing | 270 | 53 | ★ 3.67 |
| 5 | Vacasa | 250 | 17,006 | ★ 4.70 |
What Kind of STR Should I Buy in Austin?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 10,631 |
| 2 bed | 5,175 |
| 3 bed | 4,396 |
| 4 bed | 2,655 |
| 5 bed | 1,684 |
ADR by Property Tier
| Entire Home | $252 |
| Luxury | $535 |
| Professionally Managed | $268 |
Revenue by Dwelling Type
| Apartment | $2,680 |
| Entire Place | $4,150 |
| House | $4,413 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 52.6% |
| vrbo | 6.5% |
| both | 40.9% |
Investment Analysis
Austin presents a clear performance split across listing tiers. In April 2026, the all-listings average ADR was $230.69, but entire-home properties averaged $252.27 per night and professionally managed listings averaged $268.03 per night. Luxury-tier properties commanded $534.98 per night, though this reflects a small subset of premium inventory rather than the typical investor experience.
Monthly gross revenue averaged $3,825 across all listing types. Entire-place listings generated $4,150/month and houses specifically averaged $4,413/month — a meaningful premium over apartment-style units at $2,680/month. On an annualized basis, a typical entire-home listing would generate approximately $49,800 before expenses.
Against a Zillow typical home value of $511,264 (April 2026 snapshot), that annualized entire-place revenue implies a gross yield of approximately 9.7%. This is a pre-expense figure and does not account for platform fees (typically 3%), property management if applicable, taxes, maintenance, or the 17% hotel occupancy tax passed through to guests. Net yield after operating costs will be meaningfully lower.
The investability score of 56.5 and revenue growth score of 57.4 suggest Austin is a stable, mid-tier investment market rather than a high-upside emerging market. The year-over-year occupancy gain of 4.1 points alongside an ADR decline of 5.8% indicates the market is absorbing additional supply and competing on price. Investors planning to enter should model conservatively on ADR, using 2025’s annual average of $216 rather than peak months.
Austin’s regulatory structure is a meaningful factor. Type 2 (non-owner-occupied whole-home) licenses are effectively restricted to commercial and mixed-use zones, limiting the investor universe in residential neighborhoods.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Austin STR guests book an average of 40.5 days in advance as of April 2026. This lead time is long enough that operators can use tiered pricing strategies, holding firm on nightly rates until roughly 30 days out, then adjusting for unsold inventory in the final two to three weeks. For high-demand periods like SXSW in March and ACL in October, lead times typically extend further, and operators who lock in bookings 60 to 90 days out at strong rates tend to outperform those who wait.
Average length of stay is 4.4 nights. This is a moderate figure that supports weekly-rate pricing structures without mandating them. Properties with 3-night or 4-night minimum stays will likely fill more efficiently in Austin than those requiring 7-night minimums, given the mix of weekend getaway and mid-week business travel.
The combination of a 40.5-day lead time and 4.4-night stays implies a relatively clean booking calendar with manageable gap-night exposure. Operators should focus gap-fill strategies on the 14-to-30-day booking window.
Short-Term Rental Regulations
Austin requires all short-term rentals (stays under 30 consecutive days) to hold a city-issued license. As of October 2025, licenses are valid for two years (extended from one year). A new license costs $836.30 and renewals cost $385.30. The city uses a tiered structure with three license types.
Type 1 licenses apply to owner-occupied properties and are permitted in all residential zoning districts. Type 2 licenses cover non-owner-occupied whole-home rentals but are restricted to commercial and mixed-use zoning districts and are prohibited in most single-family residential zones. On single-family lots, non-owner-occupied STRs must be at least 1,000 feet apart. Type 3 licenses cover non-owner-occupied units in multifamily buildings, limited to the greater of 1 unit or 10% of total units per building.
The total hotel occupancy tax is 17% (9% city tax, 2% venue project tax, 6% state). As of April 1, 2025, Airbnb, VRBO, and Booking.com collect and remit this tax automatically on behalf of operators.
Operators must designate a local contact reachable within two hours, provide a guest information packet, and comply with noise ordinances. Fines for violations range from $500 to $2,000 per violation per day, and the city may revoke licenses for repeated offenses.
A significant enforcement escalation takes effect July 1, 2026: booking platforms must display valid license numbers on all listings and remove unlicensed properties within 10 days of a city request. As of early 2026, the city had identified approximately 2,785 unlicensed addresses and issued 65 notices of violation.
Key investor note: Type 2 licenses are effectively unavailable in residential neighborhoods, making owner-occupied properties and qualifying multifamily buildings the primary viable STR investment structures in Austin.
Market Comparison
Austin’s April 2026 ADR of $230.69 is above the US STR median of approximately $220, while its 58.2% occupancy is modestly above the national median of approximately 55%. This positions Austin as a slightly above-average market on both dimensions, though the ADR premium versus the national median has compressed as Austin rates softened from a 2022 annual average of $235.
The RevPAR of $134.30 reflects the combined effect of above-median ADR and above-median occupancy. For context, a pure average-ADR, average-occupancy US market would produce a RevPAR of approximately $121 ($220 * 55% / 100), making Austin’s RevPAR about 11% above that benchmark.
Among the largest professional management operations in Austin, AvantStay leads with 358 listings and a 4.774 average rating across 1,931 reviews. Hill Country Premier Lodging ranks third with 287 listings and the highest review volume at 24,078 reviews (4.607 rating), indicating strong sustained volume. Vacasa holds fifth position with 250 listings and 17,006 reviews at a 4.702 average rating. The top five operators together account for approximately 1,476 listings, or roughly 6% of total market supply, indicating that Austin remains a largely independent-operator market with institutional management holding a modest share.
Frequently Asked Questions About Austin, Texas
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