Austin slammed by skyrocketing rents

• The consequences have been excruciating for renters.
• "I think I almost cried," Linda Lee, 70, told KXAN over the summer after she learned the rent on her South Austin apartment was increasing nearly 35%. She said she considered coming out of retirement to keep up with the cost.

By the numbers: The average 875-square-foot unit is going for $1,535 a month — up from a shade under $1,300 a year ago.

• Austin’s average square-foot-per-month rental rate ($1.75) outstrips Houston’s ($1.31), San Antonio’s ($1.31) and DFW’s ($1.54) — none of which has seen rental rate growth over 17% this past year.

The bottom line: There appears to be no relief in sight, as Austin’s population continues to boom, driven by young professionals and companies like Tesla flocking in from the coasts.