Average Rent in Austin, TX

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Current Versus Historical Austin, TX Rents

Austin rentals average $1,200 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $238 (-15.21%) year-over-year from $1,563 to $1,325. 1-bedroom rentals prices have decreased by $169 (-10.13%) year-over-year from $1,664 to $1,495. 2-bedroom rentals prices have decreased by $137 (-6.43%) year-over-year from $2,137 to $2,000. 3-bedroom rentals prices have increased by $141 (5.62%) year-over-year from $2,507 to $2,648. 4-bedroom rentals prices have increased by $668 (24.47%) year-over-year from $2,732 to $3,400. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 7.85% this month. 1-bedroom rents have gone down by 9.27% this month. 2-bedroom rents have gone down by 2.12% this month. 3-bedroom rents have gone up by 2.81% this month. 4-bedroom rents have gone up by 5.19% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.81 $1,325 $1,563 (-15.21%) $1,389 (-4.58%)
1 BR $2.48 $1,495 $1,664 (-10.13%) $1,499 (-0.24%)
2 BR $1.97 $2,000 $2,137 (-6.43%) $1,799 (11.18%)
3 BR $1.74 $2,648 $2,507 (5.62%) $2,103 (25.87%)
4+ BR $1.67 $3,400 $2,732 (24.47%) $2,383 (42.66%)

Historical Rents in Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Austin

There are a total of 12 cities nearby Austin. The average rent in Austin is currently $2,191 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,750, is the most affordable city nearby. In contrast, the most expensive city near Austin, TX is Lakeway, TX. Monthly rents here are on average $3,873 per month.

Let's compare Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 30.00% more expensive. Two bedrooms in Austin, TX are about 16.17% more expensive. Finally, rent for three bedrooms are about 22.64% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,500 $1,995
Kyle, TX N/A $1,263 $1,450 $2,095
Manor, TX N/A N/A $2,075 $2,100
Cedar Park, TX N/A $1,392 $1,799 $2,184
Hutto, TX N/A N/A N/A $2,198
Round Rock, TX N/A N/A $1,650 $2,200
Georgetown, TX $1,600 $1,095 $1,975 $2,295
Pflugerville, TX N/A N/A $1,875 $2,300
Leander, TX N/A $1,250 $1,616 $2,300
Lakeway, TX N/A N/A $2,300 $3,873

Top Neighborhoods Near Austin

There are a total of 9 neighborhoods in or near Austin. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 9 neighborhoods in or near Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near Austin, TX is currently around $2,103 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,103. Out of all the neighborhoods in or near Austin, North University has the most affordable average rent at $1,350 per month. Whereas, at $3,400 average rent per month, Downtown Austin is the most expensive neighborhood in or near Austin. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,095 $1,250 $2,198 $1,350
West University, Austin, TX $1,325 $1,300 $1,985 $1,700
Hancock, Austin, TX $1,248 $1,499 $1,900 $1,800
Hyde Park, Austin, TX $987 $1,180 $1,550 $1,948
West Oak Hill, Austin, TX N/A $1,437 $2,008 $2,103
South Lamar, Austin, TX $1,150 $2,000 $2,195 $2,300
North Loop, Austin, TX $1,180 $1,470 $1,900 $2,625
Zilker, Austin, TX N/A $2,275 $3,000 $3,298
Downtown Austin, Austin, TX $1,950 $2,895 $4,500 $3,400

Top Counties Near Austin

There are a total of 9 counties located by Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Northeast Travis, TX. The average rent for rentals in these counties is $2,295. That's roughly around $1 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,900. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by Austin, TX.

In comparison, rent for one bedroom listings in Austin, TX is 9.12% more expensive than other counties nearby. Finally, rent for two bedrooms in Austin, TX is 9.37% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,475 $1,995
Kyle-Buda, TX N/A $1,263 $1,638 $2,150
Northeast Travis, TX N/A $1,657 $1,950 $2,250
Cedar Park-Liberty Hill, TX N/A $1,385 $1,808 $2,285
Austin, TX $1,200 $1,405 $1,995 $2,295
Taylor, TX N/A $1,048 $1,500 $2,295
Round Rock-Georgetown, TX N/A $1,300 $1,650 $2,300
Northwest Travis, TX N/A $1,295 $1,850 $2,682
Dripping Springs-Wimberley, TX N/A $1,113 $2,350 $3,025
Southwest Travis, TX N/A $1,444 $2,300 $3,300

Top Zipcodes Near Austin

There are a total of 40 zipcodes in or near Austin, TX. The average rent for all of these zipcodes is $2,300. A total of 23 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78705, Austin, TX at $1,630 per month. In comparison, the zipcode with the most expensive average rent of $4,000 per month is 78703, Austin, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Austin, TX is $1,237 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,713 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78130, New Braunfels, TX N/A $908 $1,648 $2,125
78613, Cedar Park, TX N/A $1,396 $1,808 $2,198
78704, Austin, TX $1,150 $1,900 $2,448 $3,000
78666, San Marcos, TX N/A $1,200 $1,475 $2,000
78758, Austin, TX N/A $1,536 $1,750 $1,775
78702, Austin, TX $1,600 $1,950 $2,995 $2,973
78626, Jarrell, TX N/A $1,045 $2,250 $2,250
78741, Austin, TX N/A $1,225 $1,798 $2,100
78701, Austin, TX $1,950 $2,823 $4,500 $3,373
78628, Round Rock-Georgetown, TX N/A N/A $1,399 $2,400

Frequently Asked Questions - Austin Average Rents

What is the average rent price in Austin, TX?
The average monthly rental price for Austin, TX apartments for rent is approximately $2,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Austin, TX rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Austin, TX.
How much is a studio apartment in Austin, TX?
The average monthly rental price for studio apartments is $1,200 and an average price per square feet of $2.81. There are a total of 65 studio apartment listings currently available for rent in Austin.
How much is a one bedroom apartment in Austin, TX?
The average monthly rental price for one bedroom apartments is $1,425 and an average price per square feet of $2.48. There are a total of 626 one bedroom apartment listings currently available for rent in Austin.
How much is a two bedroom apartment in Austin, TX?
The average monthly rental price for two bedroom apartments is $1,995 and an average price per square feet of $1.97. There are a total of 914 two bedroom apartment listings currently available for rent in Austin.
How have rent prices in Austin, TX changed this year?
Rent prices for rentals in Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.15%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Austin, TX?
A reasonable rent price in Austin, TX is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.
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