AUSTIN, Texas — A new report from the Chamber of Commerce website says that Austin is the most expensive city in the United States to rent an Airbnb.
According to the study, Austin reported an average daily rate of $373. It also reported for a one-bedroom on average it is $127, a two-bedroom average is $203 and a three-bedroom average is $297.
Across the city, there are 5,847 Airbnbs listed.
Austin is ranked behind Oxnard, California and Scottsdale, Arizona. Below are the stats for those cities:
Oxnard, California
- Average daily rate: $488
- Average rate for one-bedroom: $110
- Average rate for two-bedroom: $273
- Average rate for three-bedroom: $405
Scottsdale, Arizona
- Average daily rate: $394
- Average rate for one-bedroom: $114
- Average rate for two-bedroom: $151
- Average rate for three-bedroom: $264
You can read the full study on the Commerce of Commerce website.
In December 2022, KVUE's Defender Erica Proffer reported on Austin city leaders talking about stopping unlicensed short-term rentals from operating.
According to Austin code, there are three types of short-term rentals. Type 1 is owner-occupied single-family, multifamily or duplex. Type 2 is not owner-occupied and is a single-family home or duplex. Type 3 is for multifamily housing with either owner-occupied or not owner-occupied status.
The council asked the city manager to evaluate other cities' ordinances and create an amendment that will be voted on by the council. This was supposed to be presented to the council by March 23.
Boomtown is KVUE's series covering the explosive growth in Central Texas. For more Boomtown stories, head to KVUE.com/Boomtown.