Austin’s 2024–2026 towers at a glance
Austin’s skyline added more residential towers between 2020 and 2025 than in the previous three decades combined, and the newest wave of Austin high rise apartments is still leasing up. These are the new-construction high rises we track:
| Tower | Address | Delivered | Floors | Rent range | Concession |
|---|---|---|---|---|---|
| The Travis | 80 Red River St | 2026 | 50 | $2,735–$18,750 | 2 months free |
| Paseo | 80 Rainey St | 2025 | 48 | $2,824–$45,000 | 2.5 months free |
| 415 Colorado | 415 Colorado St | 2025 | 50 | $2,455–$22,510 | 2 months free |
| The Residences at ATX Tower | 321 W 6th St | 2025 | 58 (homes from 22) | $2,347–$8,697 | 2.5 months free |
| The Modern Austin Residences | 610 Davis St | 2025 | 56 | $2,850–$25,000 | None advertised |
| Solaris House | 2800 Solaris St | 2024 | 13 | $1,415–$4,550 | 3 months free |
We published a first look at three of them in Austin’s Newest Towers: The Travis, 415 Colorado, ATX Tower.
How lease-up deals work
A new tower has to fill hundreds of units quickly, so it runs its widest concession window early. In Q2 2026, 6–10 weeks free was typical across Austin and up to 12 weeks at towers still in lease-up (Matthews Real Estate Investment Services). As occupancy climbs, the window tightens, sometimes fast. A building at 10 weeks in October may drop to 4 by January. Our fall–winter 2026 concession report lists who is offering what right now.
That makes timing the most valuable thing we track. We know which developer concessions are live, which ones expire at month end, and which towers are about to release a new block of floors. Pre-leasing gets the earliest access to new inventory and the strongest negotiating position.
Read the concession rider
Upfront free rent (first months waived) and prorated free rent (spread across the lease) produce the same net effective rent but very different cash flow. The rider also defines what you repay if you break the lease early.
What to expect as an early resident
Moving into a first-generation unit is mostly upside: new finishes, smart-home packages, fiber-optic internet, EV charging stations and destination dispatch elevators. The trade-offs are real but manageable:
- Amenity phases. Pools, sky lounges and gyms sometimes open after the first residents move in. Ask for the amenity delivery date in writing.
- Construction noise. Final floors and neighboring sites can mean daytime noise for a few months.
- Early maintenance. New buildings have a shakedown period. A thorough punch-list walkthrough at move-in protects your deposit.
- Freight elevator demand. With hundreds of move-ins, reservations fill. Book early.
Our new construction move-in guide and moving into an unfinished tower cover each of these.
New tower or proven tower?
New isn’t automatically better. Renovated towers like Ashton Austin (2009, renovated 2023, 2.5 months free) and Northshore (2016, renovated 2022, 2.5 months free) offer updated finishes, a management track record and often lower starting rents. We put a renovated alternative next to every new tower on your shortlist. See new construction vs. established high rise.
Is now a good time to lease new construction?
The Q2 2026 numbers point to a renter-friendly window that may be closing. Metro vacancy fell to 12.29% from a 15.78% peak in Q3 2024. Net absorption hit 6,306 units in the quarter. The pipeline shrank to 14,610 units from 32,089 completions at the 2024 peak, and downtown rents rose 0.1% while the metro fell 3.88% (Matthews). Fewer new deliveries usually means narrower concession windows ahead. Our supply pipeline guide explains what that means for your timing.
