Average Rent in 78702, Austin, TX

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Current Versus Historical 78702, Austin, TX Rents

78702 rentals average $1,601 for a studio rental to $4,225 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $30 per square feet.
For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $72 (4.73%) year-over-year from $1,518 to $1,590. 1-bedroom rentals prices have decreased by $65 (-3.47%) year-over-year from $1,870 to $1,805. 2-bedroom rentals prices have increased by $119 (4.71%) year-over-year from $2,518 to $2,637. 3-bedroom rentals prices have decreased by $87 (-2.56%) year-over-year from $3,387 to $3,300. 4-bedroom rentals prices have increased by $1,144 (32.18%) year-over-year from $3,556 to $4,700. 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 0.04% this month. 1-bedroom rents have gone down by 2.45% this month. 2-bedroom rents have gone up by 0.23% this month. 3-bedroom rents have gone up by 5.35% this month. 4-bedroom rents have gone up by 22.72% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $36.34 $1,590 $1,518 (4.73%) $1,558 (2.06%)
1 BR $31.77 $1,805 $1,870 (-3.47%) $1,920 (-5.97%)
2 BR $30.77 $2,637 $2,518 (4.71%) $2,777 (-5.05%)
3 BR $28.27 $3,300 $3,387 (-2.56%) $3,437 (-4.00%)
4+ BR $26.28 $4,700 $3,556 (32.18%) $4,303 (9.23%)

Historical Rents in 78702, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78702

There are a total of 17 cities nearby 78702. The average rent in 78702 is currently $2,000 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,600, 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 $3,300 per month.

Let's compare 78702, Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 78702, Austin, TX is 36.98% more expensive than other cities nearby. One bedrooms are about 30.01% more expensive. Two bedrooms in 78702, Austin, TX are about 38.91% more expensive. Finally, rent for three bedrooms are about 39.39% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near 78702, Austin, TX in the following table.
City Studio 1 Bed 2 Bed All
Kyle, TX $1,198 $1,290 $1,695 $1,900
Manor, TX N/A $1,449 $1,723 $1,995
Jollyville, TX N/A N/A $1,450 $1,995
Austin, TX $1,446 $1,450 $1,878 $2,000
Round Rock, TX $1,550 $1,651 $1,550 $2,075
Hutto, TX $1,103 $1,230 $1,599 $2,100
Pflugerville, TX N/A $1,191 $1,650 $2,150
Cedar Park, TX $2,075 $1,353 $1,533 $2,250
Brushy Creek, TX N/A $1,319 $1,875 $2,395
Lakeway, TX N/A N/A $1,895 $3,300

Top Neighborhoods Near 78702

There are a total of 33 neighborhoods in or near 78702. Some of these neighborhoods include St. Johns, Parker Lane, and North University. We've included the top 30 neighborhoods out of 33 total neighborhoods in or near 78702, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near 78702, Austin, TX is currently around $1,973 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $1,973. Interestingly, the neighborhoods' average rent is less than 78702's average rent, which is actually $2,400. Out of all the neighborhoods in or near 78702, St. Johns has the most affordable average rent at $1,230 per month. Whereas, at $3,150 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78702. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
St. Johns, Austin, TX $1,000 $1,149 $1,500 $1,230
Parker Lane, Austin, TX $701 $975 $1,570 $1,250
North University, Austin, TX $1,000 $1,100 $1,650 $1,250
Hyde Park, Austin, TX $925 $1,125 $1,450 $1,400
North Austin, Austin, TX $985 $937 $1,350 $1,495
West University, Austin, TX $973 $1,100 $1,750 $1,500
Hancock, Austin, TX $1,450 $1,195 $1,695 $1,549
Brentwood, Austin, TX $1,414 $1,558 $2,095 $1,600
Riverside, Austin, TX $1,252 $1,545 $1,845 $1,634
Highland, Austin, TX $1,764 $1,397 $1,776 $1,715
North Burnet, Austin, TX $1,450 $1,774 $2,529 $1,803
Sweetbriar, Austin, TX $1,514 $1,404 $1,978 $1,829
Pleasant Valley, Austin, TX $1,460 $1,356 $2,050 $1,831
Windsor Park, Austin, TX $1,603 $1,616 $1,625 $1,937
South Lamar, Austin, TX $1,510 $1,751 $1,995 $1,969
North Loop, Austin, TX $1,050 $1,372 $1,898 $2,000
Johnston Terrace, Austin, TX $1,860 $1,813 $2,432 $2,074
Old West Austin, Austin, TX $1,824 $1,978 $2,802 $2,086
Montropolis, Austin, TX $1,300 $1,370 $2,010 $2,150
East Cesar Chavez, Austin, TX $1,661 $1,989 $2,671 $2,269
South River City, Austin, TX $1,780 $1,550 $2,573 $2,306
Zilker, Austin, TX $1,740 $2,010 $2,843 $2,338
MLK, Austin, TX N/A $1,721 $2,531 $2,375
MLK-183, Austin, TX N/A $1,493 $1,998 $2,398
Rosewood, Austin, TX $1,527 $1,901 $2,750 $2,417
Govalle, Austin, TX $1,601 $1,845 $2,625 $2,456
Central East Austin, Austin, TX N/A $2,120 $2,861 $2,500
Bouldin Creek, Austin, TX $2,376 $2,033 $3,132 $2,995
RMMA, Austin, TX $1,983 $2,102 $3,100 $3,036
Downtown Austin, Austin, TX $1,908 $2,620 $3,879 $3,150

Top Counties Near 78702

There are a total of 17 counties located by 78702, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,000. That's roughly around $14 per sqft. A total of 15 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,125. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by 78702, Austin, TX.

Typically, rent for studios in 78702, Austin, TX is 25.20% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 78702, Austin, TX is 29.30% more expensive than other counties nearby. Finally, rent for two bedrooms in 78702, Austin, TX is 37.00% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Lockhart, TX $1,175 $968 $1,200 $1,625
Austin, TX $1,446 $1,456 $1,900 $1,995
Kyle-Buda, TX $1,198 $1,299 $1,700 $2,000
Cedar Creek-Red Rock, TX N/A $1,463 $1,679 $2,000
Northeast Travis, TX N/A $1,357 $1,801 $2,150
Round Rock-Georgetown, TX $1,275 $1,319 $1,550 $2,150
Cedar Park-Liberty Hill, TX $1,650 $1,428 $1,701 $2,200
Northwest Travis, TX $1,603 $1,200 $1,586 $2,400
Dripping Springs-Wimberley, TX $1,250 $1,400 $2,450 $2,900
Southwest Travis, TX $1,249 $1,432 $1,793 $3,300

Top Zipcodes Near 78702

There are a total of 41 zipcodes in or near 78702, Austin, TX. The average rent for all of these zipcodes is $1,993. A total of 36 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78752, Austin, TX at $1,395 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,284. That's at least $28 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78702, Austin, TX is $1,319 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,700 per month. Which comes out to $19 per sqft. The following table 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
78705, Austin, TX $1,000 $1,125 $1,700 $1,400
78741, Austin, TX $890 $1,295 $1,873 $1,709
78701, Austin, TX $1,908 $2,620 $3,879 $3,130
78704, Austin, TX $1,690 $1,650 $2,452 $2,298
78723, Austin, TX $1,910 $1,736 $2,029 $2,195
78745, Austin, TX $995 $1,299 $1,649 $1,746
78721, Austin, TX $1,797 $1,811 $2,400 $2,355
78751, Austin, TX $950 $1,150 $1,900 $1,900
78752, Austin, TX $1,676 $1,165 $1,600 $1,395
78744, Austin, TX $1,825 $1,215 $1,450 $1,968

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 $2,400. 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 $1,601 and an average price per square feet of $36.34. There are a total of 27 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 $1,843 and an average price per square feet of $31.77. There are a total of 102 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 $2,665 and an average price per square feet of $30.77. There are a total of 111 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 0.05%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.05%, three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in 78702, Austin, TX?
A reasonable rent price in 78702, Austin, TX is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.
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