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Austin ranks sixth in falling apartment rents

​AUSTIN – The metro ranked sixth in the country for the biggest decline in apartment rents since March, according to Apartments.com.

Multifamily rents fell 3 percent since March 31. Class A apartments took the hardest hit, falling 4.2 percent through June 12. 

Rents are falling because COVID-19 has slowed down moves, and property managers are offering specials or rent concessions.

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