Rents in Austin are falling even as the Texas capital’s population continues to expand, according to analysts tracking local housing data. Recent figures cited by housing researchers indicate that average asking rents in the city are roughly 12% lower than a year ago. The decline sets Austin apart from other large U.S. markets. San Diego, for example, has recorded rent growth of about 60% from pre-pandemic levels, despite adding far fewer residents, the same data show. The comparison is fueling debate over how quickly new housing supply can temper price pressures.