This is how much Austin rents will rise through 2020

In the Austin area, the “rent is too damn high” refrain promises to grow a bit louder over the next few years. Axiometrics, which provides data about apartments and student housing, predicts average apartment rents in the region will rise 11 percent from 2017 to 2020, climbing to nearly $1,400 a month.

This year, Axiometrics expects the average apartment rent in the Austin area to reach $1,239 a month, up 4.2 percent from $1,189 a month in 2016. Just three years from now, in 2020, Axiometrics forecasts the average rent will hit $1,376 a month.

KC Sanjay, senior real estate economist at Axiometrics, says the projected rise in Austin rents is tied to job growth, population growth, and a tight supply of apartments.