Average Rent in 78702, Austin, TX

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Current Versus Historical 78702, Austin, TX Rents

78702 rentals average $1,515 for a studio rental to $3,345 for a 4-bedroom rental. The median price of all currently available listings is $2,783, or roughly $2 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 $130 (-7.80%) year-over-year from $1,671 to $1,541. 1-bedroom rentals prices have decreased by $98 (-5.00%) year-over-year from $1,958 to $1,861. 2-bedroom rentals prices have decreased by $39 (-1.42%) year-over-year from $2,734 to $2,695. 3-bedroom rentals prices have decreased by $354 (-9.43%) year-over-year from $3,754 to $3,400. 4-bedroom rentals prices have decreased by $150 (-4.05%) year-over-year from $3,700 to $3,550. 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 2.80% this month. 1-bedroom rents have gone down by 2.43% this month. 2-bedroom rents have gone down by 1.85% this month. 3-bedroom rents have gone down by 4.00% this month. 4-bedroom rents have gone up by 3.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.08 $1,541 $1,671 (-7.80%) $1,426 (8.00%)
1 BR $2.67 $1,861 $1,958 (-5.00%) $1,727 (7.76%)
2 BR $2.70 $2,695 $2,734 (-1.42%) $2,327 (15.81%)
3 BR $2.38 $3,400 $3,754 (-9.43%) $2,655 (28.08%)
4+ BR $1.71 $3,550 $3,700 (-4.05%) $3,417 (3.90%)

Historical Rents in 78702, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78702

There are a total of 14 cities nearby 78702. The average rent in 78702 is currently $2,184 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,695, is the most affordable city nearby. In contrast, the most expensive city near 78702, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,995 per month.

Let's compare 78702, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 40.99% more expensive. Two bedrooms in 78702, Austin, TX are about 41.52% more expensive. Finally, rent for three bedrooms are about 36.98% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 78702, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Kyle, TX N/A $1,325 $1,425 $1,995
Jollyville, TX N/A N/A $1,548 $2,023
Cedar Park, TX N/A $1,329 $1,698 $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 $2,225
Round Rock, TX N/A N/A $1,695 $2,250
Lakeway, TX N/A N/A $1,975 $2,995

Top Neighborhoods Near 78702

There are a total of 11 neighborhoods in or near 78702. Some of these neighborhoods include North University, Hancock, and West University. We've included all of these top 11 neighborhoods in or near 78702, Austin, TX in the following chart.

The average rent for these 11 neighborhoods in or near 78702, Austin, TX is currently around $1,999 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,999. Out of all the neighborhoods in or near 78702, 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 78702. 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
West University, Austin, TX $1,325 $1,300 $1,973 $1,800
North Austin, Austin, TX N/A $1,020 $1,593 $1,800
Hyde Park, Austin, TX $975 $1,198 $1,868 $1,868
Brentwood, Austin, TX $1,286 $1,449 $2,395 $1,999
West Oak Hill, Austin, TX N/A $1,374 $2,023 $2,023
South Lamar, Austin, TX $1,175 $1,545 $1,800 $2,250
North Loop, Austin, TX $1,045 $1,400 $1,920 $2,495
Zilker, Austin, TX N/A $1,850 $2,950 $3,025
Downtown Austin, Austin, TX $1,435 $2,750 $3,500 $3,225

Top Counties Near 78702

There are a total of 11 counties located by 78702, 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 11 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 78702, Austin, TX.

In comparison, rent for one bedroom listings in 78702, Austin, TX is 32.11% more expensive than other counties nearby. Finally, rent for two bedrooms in 78702, Austin, TX is 37.59% 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 $2,135
Austin, TX $1,125 $1,400 $1,900 $2,200
Northeast Travis, TX N/A $1,655 $1,825 $2,200
Cedar Park-Liberty Hill, TX N/A $1,334 $1,749 $2,200
Taylor, TX N/A $1,889 $1,500 $2,285
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 $1,384 $2,038 $3,150
Dripping Springs-Wimberley, TX N/A $1,500 $2,250 $3,200

Top Zipcodes Near 78702

There are a total of 38 zipcodes in or near 78702, Austin, TX. The average rent for all of these zipcodes is $2,200. A total of 32 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 78702, Austin, TX is $1,235 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,712 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78702, 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 $1,360 $1,610 $2,270 $2,900
78666, San Marcos, TX $1,850 $1,100 $1,500 $1,995
78758, Austin, TX N/A $1,600 $1,725 $1,800
78741, Austin, TX $1,074 $1,200 $1,750 $1,950
78626, Jarrell, TX $1,252 $1,259 $1,581 $2,200
78701, Austin, TX $1,435 $2,725 $3,500 $3,200
78628, Round Rock-Georgetown, TX N/A $1,200 $1,500 $2,350
78745, Austin, TX $998 $1,296 $1,785 $2,000

Frequently Asked Questions - 78702 Average Rents

What is the average rent price in 78702, Austin, TX?
The average monthly rental price for 78702, Austin, TX apartments for rent is approximately $2,783. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78702, 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 78702, Austin, TX.
How much is a studio apartment in 78702, Austin, TX?
The average monthly rental price for studio apartments is $1,515 and an average price per square feet of $3.08. There are a total of 2 studio apartment listings currently available for rent in 78702.
How much is a one bedroom apartment in 78702, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,965 and an average price per square feet of $2.67. There are a total of 25 one bedroom apartment listings currently available for rent in 78702.
How much is a two bedroom apartment in 78702, Austin, TX?
The average monthly rental price for two bedroom apartments is $2,803 and an average price per square feet of $2.70. There are a total of 30 two bedroom apartment listings currently available for rent in 78702.
How have rent prices in 78702, Austin, TX changed this year?
Rent prices for rentals in 78702, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in 78702, Austin, TX?
A reasonable rent price in 78702, Austin, TX is around $2,226/month. You can search for these reasonably priced rental listings on RentHop.
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