Average Rent in 78701, Austin, TX

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Current Versus Historical 78701, Austin, TX Rents

78701 rentals average $1,435 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,200, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $101 (-5.14%) year-over-year from $1,967 to $1,866. 1-bedroom rentals prices have increased by $16 (0.62%) year-over-year from $2,485 to $2,500. 2-bedroom rentals prices have decreased by $140 (-3.86%) year-over-year from $3,626 to $3,486. 3-bedroom rentals prices have increased by $23 (0.36%) year-over-year from $6,477 to $6,500. 4-bedroom rentals prices have increased by $36,050 (3,697.44%) year-over-year from $975 to $37,025. 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 0.09% this month. 1-bedroom rents have gone up by 2.89% this month. 2-bedroom rents have gone down by 0.21% this month. 3-bedroom rents have gone down by 2.69% this month. 4-bedroom rents have gone up by 48.05% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.28 $1,866 $1,967 (-5.14%) $1,816 (2.74%)
1 BR $3.60 $2,500 $2,485 (0.62%) $2,282 (9.55%)
2 BR $3.71 $3,486 $3,626 (-3.86%) $3,270 (6.62%)
3 BR $5.48 $6,500 $6,477 (0.36%) $6,558 (-0.89%)

Historical Rents in 78701, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78701

There are a total of 15 cities nearby 78701. The average rent in 78701 is currently $2,162 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near 78701, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,995 per month.

Let's compare 78701, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 56.00% more expensive. Two bedrooms in 78701, Austin, TX are about 54.71% more expensive. Finally, rent for three bedrooms are about 80.05% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near 78701, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Kyle, TX N/A $1,325 $1,425 $1,995
Cedar Park, TX N/A $1,329 $1,698 $2,042
Jollyville, TX N/A N/A $1,548 $2,050
Hutto, TX N/A N/A N/A $2,195
Manor, TX N/A N/A N/A $2,200
Pflugerville, TX N/A N/A $1,825 $2,200
Leander, TX N/A $1,350 $1,666 $2,200
Austin, TX $1,125 $1,400 $1,900 $2,250
Round Rock, TX N/A N/A $1,695 $2,250
Lakeway, TX N/A N/A $1,975 $2,995

Top Neighborhoods Near 78701

There are a total of 11 neighborhoods in or near 78701. Some of these neighborhoods include North University, Hancock, and Hyde Park. We've included all of these top 11 neighborhoods in or near 78701, Austin, TX in the following chart.

The average rent for these 11 neighborhoods in or near 78701, Austin, TX is currently around $1,917 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 78701, North University has the most affordable average rent at $1,295 per month. Whereas, at $3,225 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78701. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,062 $1,250 $2,150 $1,295
Hancock, Austin, TX $1,275 $1,499 $1,800 $1,750
Hyde Park, Austin, TX $1,010 $1,198 $1,868 $1,760
West University, Austin, TX $1,325 $1,300 $1,973 $1,800
North Austin, Austin, TX N/A $1,015 $1,593 $1,800
West Oak Hill, Austin, TX N/A $1,369 $1,988 $1,917
Brentwood, Austin, TX $1,235 $1,500 $2,395 $2,000
South Lamar, Austin, TX $1,175 $1,545 $1,800 $2,273
North Loop, Austin, TX $1,048 $1,400 $1,900 $2,495
Zilker, Austin, TX N/A $1,850 $2,800 $3,000
Downtown Austin, Austin, TX $1,435 $2,750 $3,500 $3,225

Top Counties Near 78701

There are a total of 11 counties located by 78701, Austin, TX. Some of these counties include Lockhart, TX, Kyle-Buda, TX, and Austin, TX. The average rent for rentals in these counties is $2,200. That's roughly around $1 per sqft. A total of 13 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. It's average rent per month is $1,750. Vice versa, with an average rent of $3,200, Dripping Springs-Wimberley, TX is the most expensive county by 78701, Austin, TX.

In comparison, rent for one bedroom listings in 78701, Austin, TX is 51.23% more expensive than other counties nearby. Finally, rent for two bedrooms in 78701, Austin, TX is 51.49% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Lockhart, TX N/A $1,250 $1,375 $1,750
Kyle-Buda, TX N/A $1,263 $1,990 $2,145
Austin, TX $1,123 $1,400 $1,900 $2,200
Northeast Travis, TX N/A $1,655 $1,825 $2,200
Cedar Park-Liberty Hill, TX N/A $1,329 $1,698 $2,200
Taylor, TX N/A $1,889 $1,500 $2,265
Round Rock-Georgetown, TX $1,252 $1,250 $1,650 $2,295
Northwest Travis, TX N/A $1,375 $1,898 $2,600
Southwest Travis, TX N/A $1,377 $2,023 $3,050
Dripping Springs-Wimberley, TX N/A $1,500 $2,250 $3,200

Top Zipcodes Near 78701

There are a total of 38 zipcodes in or near 78701, Austin, TX. The average rent for all of these zipcodes is $2,200. A total of 36 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 $1,650 per month. In comparison, the zipcode with the most expensive average rent of $4,600 per month is 78746, West Lake Hills, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78701, Austin, TX is $1,235 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,699 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78701, 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 $1,135 $1,625 $1,995
78613, Cedar Park, TX N/A $1,329 $1,698 $2,100
78704, Austin, TX $1,420 $1,610 $2,250 $2,900
78666, San Marcos, TX $1,850 $1,100 $1,500 $2,000
78702, Austin, TX $1,495 $1,965 $2,823 $2,798
78758, Austin, TX N/A $1,595 $1,700 $1,800
78741, Austin, TX $1,037 $1,200 $1,750 $1,973
78626, Jarrell, TX $1,252 $1,259 $1,581 $2,200
78628, Round Rock-Georgetown, TX N/A $1,200 $1,500 $2,350
78745, Austin, TX $998 $1,296 $1,797 $2,014

Frequently Asked Questions - 78701 Average Rents

What is the average rent price in 78701, Austin, TX?
The average monthly rental price for 78701, Austin, TX apartments for rent is approximately $3,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78701, 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 78701, Austin, TX.
How much is a studio apartment in 78701, Austin, TX?
The average monthly rental price for studio apartments is $1,435 and an average price per square feet of $3.28. There are a total of 6 studio apartment listings currently available for rent in 78701.
How much is a one bedroom apartment in 78701, Austin, TX?
The average monthly rental price for one bedroom apartments is $2,725 and an average price per square feet of $3.60. There are a total of 78 one bedroom apartment listings currently available for rent in 78701.
How much is a two bedroom apartment in 78701, Austin, TX?
The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $3.71. There are a total of 63 two bedroom apartment listings currently available for rent in 78701.
How have rent prices in 78701, Austin, TX changed this year?
Rent prices for rentals in 78701, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in 78701, Austin, TX?
A reasonable rent price in 78701, Austin, TX is around $2,560/month. You can search for these reasonably priced rental listings on RentHop.
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