AOMA Blog

There's no doubt that Austin,Texas is a popular place – recently topping the list of the fastest growing cities in the U.S. With such a dynamic environment, it's no wonder that many students choose to pursue acupuncture school at AOMA.

In our first post in the Moving to Austin series, we covered the basics of the Austin rental market. However for students looking for alternative housing in Austin, many opportunities exist including roommate arrangements, house shares, and cooperative living.

Finding a Roommate

For students seeking to limit their housing costs, finding a roommate is one of the best options. New residents have a variety of resources available when seeking roommates, including well-known sites like craigslist.org and roomster.com. These sites provide an opportunity to screen and to connect with potential roommates online.

AOMA offers support in the form of a biweekly Housing Digest that enables new students to connect with future classmates and  potential roommates in a secure platform. Throughout the year, current students also post openings for roommates online via AOMA's Housing Opportunities page and LinkedIn group.

When considering a potential roommate, it's important to be clear about your housing preferences. Taking time to consider lifestyle factors like school and/or work schedules, cleanliness, socializing, pet ownership, and personal habits is essential to ensuring a harmonious living environment. Additional factors to assess include the terms of a lease and/or approval from the landlord or property manager.

Cooperative Living & Co-housing 

Housing cooperatives (or “co-ops” for short) are member-ship based legal-entities that own residential real-estate. Becoming a member typically grants one the right to live within the co-op house or building.

A number of housing cooperatives and co-housing communities exist in Austin. Many of these co-ops feature communal living environments where multiple residents occupy a single house or building and work together to manage/maintain the property. For residents, the benefits of co-ops can include reduced housing costs and increased social interaction with roommates. When considering this type of living situation, it's important to account for personal privacy and space needs.

Information about housing cooperatives in Austin can be found through the Austin Co-op Directory.

 Personal Preferences

Alternative housing may not be for everyone. Depending on your personal or family needs, more traditional housing may be a better fit. No matter your preferences, Austin has a wide variety of options available to support your lifestyle.

Article Contributors:

Justine Meccio

Justine is the Director of Admissions for AOMA's graduate programs and works regularly to support new students in their transition to AOMA & Austin. A native to of the east coast, she relocated from New York five years ago. Since moving to Austin, she has lived in four different zip codes and is happy to share her personal knowledge of the city with newcomers.  

Frequently cited for its friendly people, progressive thinking, and laid-back lifestyle, it's no secret that Austin is an attractive place to live.

Outdoor concerts, farmers markets, and numerous street festivals preserve a small-town feel, while the thriving business sector and bustling downtown generate genuine metropolitan excitement. This vibrant combination has many folks moving to Austin.

Check out the infographic below for a detailed look at all that the city has to offer. Enjoy!

Infographic Credit: Complete Web Resources

Moving is no small feat - finding a place to live, packing up your belongings, recruiting helping hands, finding a friend with a truck, tying up the pieces at your old place and remembering all of the little details for getting settled in smoothly at a new home. It is no wonder that moving is often considered to be one of the most stressful events in life!

Austin is a rapidly growing city with much to offer new residents. Depending on how far you are moving (i.e. across town vs. across the country); the process of finding a place to live may be different. No matter where you are starting from, the following insights will help you stay organized as you navigate the Austin rental market.

What to Consider When Searching For a Place to Live:

Consider Your Exact Move-in Date

Knowing your move-in date will help you determine when you need to be ready to sign a lease. Some apartments only list their availability 30 days prior to a potential move-in date whereas others list availability 60 days prior. Privately owned houses, condos, and duplexes usually have openings based on 30 day notices, possibly even shorter times, and are generally looking for quick move-ins.  As a general rule of thumb, it is best to start your housing search 45-60 days before your anticipated move date.

Lease Options

Before starting your search, it’s important to have an idea of what you are looking for. Most apartment communities in Austin offer one year leases. Some properties may offer nine and six month leases, however leases lasting less than six months can be very difficult to find. Many apartment communities charge an up-grade fee for leases shorter than one year, and such fees can be as high as an extra $150 per month. Privately owned properties like rental homes or duplexes almost always offer one year leases.

An alternative option for a shorter term lease is to sublet. Subletting a property can offer a temporary home-base while you explore Austin’s many neighborhoods and search for longer-term accommodations.

Rental Application Fees & Deposits 

When you have found a place you like and you are ready to submit an application, it is important to keep in mind that there will be associated application fees and deposits required. Planning for these fees will help you create a realistic moving budget.
 
Application fees can range from $35 to $150 and will vary depending on location. These fees are applied to the cost of running criminal background and rental history checks for potential tenants.  

A rental deposit is typically required to be paid to the property owner or management company. Deposit amounts are variable and can range from $200 to $1,000 per unit. Newer apartment communities that offer more amenities typically ask for higher rental deposits. Some apartment communities may include an “administrative fee” as part of the deposit that is frequently non-refundable and may be as much as half of the deposit. However, this type of fee is usually only found in larger, newer apartment communities. Owners of houses, duplexes, and condos often ask a new tenant to deposit the first and/or last month’s rent up front.

With many animal-loving residents in Austin, pet deposits are a very common feature of the rental market. Amounts and specific policies may vary depending on individual properties; though, a typical pet deposit will be around $300 - $500 for one pet. Half of this deposit is usually refundable while the other half is typically a non-refundable cleaning fee. Having more than one pet usually incurs additional deposit costs (often $250 per additional pet), and many communities limit the number of pets allowed to three.  In some cases apartment communities may charge pet rent instead of a deposit. Pet rent is a monthly fee paid in addition to rent and can vary from $15 - $50 per month, per pet. If you have furry friends, it’s important to ask about a property’s pet policies before applying.

Before paying any deposit, it is important to verify with the leasing agent whether a deposit is refundable if the rental application is cancelled, withdrawn, or refused.  Once an application is approved, the rental deposit is no longer refundable.

Qualifying Criteria for Rental Applications

When evaluating a rental application, apartment communities and property owners will consider/ verify the following:

• Applicants must be 18 years of age or older
• Previous rental history (broken leases, evictions, lack of rental history)
• Criminal background checks (any convictions, misdemeanors, felonies, etc.)
• Credit history (outstanding housing debts/payments, utility or rental payment history, etc.)
• Whether renter’s insurance is required (many properties require policies for $100,000 worth of rental insurance)
• Number of vehicles or pets owned (properties may limit the number of each allowed)
• Current income

When considering a potential tenant’s credit history and income, apartment communities typically expect to see that an applicant’s monthly income is approximately three times the amount of monthly rent. Combined income from roommates, financial aid received by students, and potential co-signors’ income are additional factors that may be considered. Most communities will allow co-signors for applicants that do not meet the earnings criteria. Co-signors are generally expected to own a home and earn five to six times the amount of the unit’s monthly rent. Depending on employment status, applicants may be required to present paystubs, income tax information, bank statements, or confirmation of financial aid eligibility to verify income.

Applicants with less than 6 months of rental history or a low credit-score may be required to have a co-signor on a lease or pay an additional rental deposit.  Factors such as a history of broken leases, evictions, or a criminal background will generally result in co-signors being refused. While apartment communities always perform criminal background and rental history checks, not all private owners do so. New residents should discuss the qualifying rental criteria in detail with the apartment community or property owner during the application process.

Rental Rates

Apartment rental rates are generated based on city-wide occupancy rates, meaning prices can fluctuate frequently. Rental prices will also vary based on the type of unit available (e.g. number of bedrooms, square footage, amenities, etc.) and exact location. In addition to checking rental prices for specific properties online, it is also advisable to contact a property directly to verify the current rate and to inquire about any move-in specials that may be offered. Cost of living calculators can help new residents moving from another city or state to estimate housing costs in Austin.

Getting Help with Your Housing Search

It’s always ideal to visit a potential house/apartment in person before making a commitment and signing a lease. Unfortunately, this is not always an option if you are moving from a different city or state.  Recruiting the help of a leasing agent or apartment locator can help to narrow down your options and find a place that meets your criteria and standards for quality of life. Many apartment locating agents in Austin offer free services to clients looking for housing and it’s important to choose a locator that is responsive, professional, and respectful of your housing needs.

In addition to individual leases, alternative housing opportunities exist including roommate arrangements, house shares, and cooperative living. Check out our next blog post in the Moving to Austin series for more information on this topic!

Article Contributors:

Michelle Gonzalez Michelle Gonzalez is an Austin-based real estate agent and AOMA student. Prior to beginning her studies within AOMA’s master’s degree program in acupuncture & Chinese medicine, Michelle worked as a full-time licensed real estate agent at Team Real Estate. She has years of experience and expertise within Austin’s rental and home-buying markets.

Jillian Kelble As AOMA’s Admissions Coordinator, Jillian Kelble works one-on-one with new students to support their transition to graduate school and is the administrator of AOMA’s bi-weekly new student housing digest. In addition to her role within the Admissions Office, she has also worked as a property manager for a privately owned rental property in downtown Austin. A transplant from the west coast, Jillian brings personal insight about the process of relocating to her work.