Average Rent in 78702, Austin, TX

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Current Versus Historical 78702, Austin, TX Rents

78702 rentals average $1,268 for a studio rental to $3,345 for a 4-bedroom rental. The median price of all currently available listings is $2,995, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $111 (-6.63%) year-over-year from $1,671 to $1,560. 1-bedroom rentals prices have decreased by $130 (-6.66%) year-over-year from $1,958 to $1,828. 2-bedroom rentals prices have decreased by $104 (-3.82%) year-over-year from $2,734 to $2,630. 3-bedroom rentals prices have decreased by $194 (-5.17%) year-over-year from $3,754 to $3,560. 4-bedroom rentals prices have decreased by $78 (-2.09%) year-over-year from $3,700 to $3,623. 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 1.92% this month. 1-bedroom rents have gone down by 3.59% this month. 2-bedroom rents have gone down by 3.47% this month. 3-bedroom rents have gone down by 0.95% this month. 4-bedroom rents have gone up by 4.37% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.68 $1,560 $1,671 (-6.63%) $1,426 (9.37%)
1 BR $2.80 $1,828 $1,958 (-6.66%) $1,727 (5.88%)
2 BR $2.75 $2,630 $2,734 (-3.82%) $2,327 (13.00%)
3 BR $2.39 $3,560 $3,754 (-5.17%) $2,655 (34.10%)
4+ BR $1.86 $3,623 $3,700 (-2.09%) $3,417 (6.02%)

Historical Rents in 78702, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78702

There are a total of 12 cities nearby 78702. The average rent in 78702 is currently $2,198 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 $1,690, 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 $3,400 per month.

Let's compare 78702, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 36.19% more expensive. Two bedrooms in 78702, Austin, TX are about 44.70% more expensive. Finally, rent for three bedrooms are about 40.53% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 78702, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,525 $1,995
Kyle, TX N/A $1,238 $1,425 $2,000
Cedar Park, TX N/A $1,350 $1,831 $2,150
Hutto, TX N/A N/A N/A $2,195
Leander, TX N/A $1,350 $1,663 $2,200
Georgetown, TX $1,252 $1,250 $1,557 $2,200
Austin, TX $1,137 $1,400 $1,948 $2,250
Round Rock, TX N/A N/A $1,695 $2,250
Pflugerville, TX N/A N/A $1,595 $2,295
Lakeway, TX N/A N/A $2,175 $3,400

Top Neighborhoods Near 78702

There are a total of 10 neighborhoods in or near 78702. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 10 neighborhoods in or near 78702, Austin, TX in the following chart.

The average rent for these 10 neighborhoods in or near 78702, Austin, TX is currently around $2,159 per month. A total of 9 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 78702, North University has the most affordable average rent at $1,273 per month. Whereas, at $3,425 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 $2,125 $1,273
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hancock, Austin, TX $1,350 $1,500 $1,900 $1,800
Garrison Park, Austin, TX N/A $1,150 $1,695 $1,875
Brentwood, Austin, TX $1,300 $1,578 $2,300 $2,100
Hyde Park, Austin, TX $1,010 $1,194 $2,000 $2,219
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,275
North Loop, Austin, TX $1,073 $1,400 $1,940 $2,495
Zilker, Austin, TX N/A $1,900 $2,950 $2,948
Downtown Austin, Austin, TX $1,750 $2,823 $3,500 $3,425

Top Counties Near 78702

There are a total of 10 counties located by 78702, Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Austin, TX. The average rent for rentals in these counties is $2,250. 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 Jarrell, TX. It's average rent per month is $1,950. Vice versa, with an average rent of $3,273, Southwest Travis, TX is the most expensive county by 78702, Austin, TX.

In comparison, rent for one bedroom listings in 78702, Austin, TX is 30.04% more expensive than other counties nearby. Finally, rent for two bedrooms in 78702, Austin, TX is 39.90% 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 $1,500 $1,995
Kyle-Buda, TX N/A $1,238 $1,648 $2,150
Austin, TX $1,137 $1,400 $1,950 $2,245
Northeast Travis, TX N/A $1,657 $1,875 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,603 $2,250
Cedar Park-Liberty Hill, TX N/A $1,350 $1,800 $2,250
Taylor, TX N/A $1,889 $1,450 $2,255
Northwest Travis, TX N/A $1,323 $1,825 $2,695
Dripping Springs-Wimberley, TX N/A $1,500 $2,225 $2,900
Southwest Travis, TX N/A $1,434 $2,083 $3,273

Top Zipcodes Near 78702

There are a total of 37 zipcodes in or near 78702, Austin, TX. The average rent for all of these zipcodes is $2,250. A total of 33 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 $4,700 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 $1,200 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,763 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 $900 $1,800 $2,125
78613, Cedar Park, TX N/A $1,350 $1,831 $2,198
78704, Austin, TX $1,175 $1,625 $2,290 $2,900
78666, San Marcos, TX N/A $1,200 $1,525 $1,997
78758, Austin, TX N/A $1,543 $1,785 $1,785
78741, Austin, TX $1,074 $1,230 $1,763 $1,995
78626, Jarrell, TX $1,252 $1,255 $1,581 $2,200
78701, Austin, TX $1,750 $2,750 $3,500 $3,400
78628, Round Rock-Georgetown, TX N/A $1,188 $1,325 $2,350
78745, Austin, TX $888 $1,305 $1,750 $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 $2,995. 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 $1,268 and an average price per square feet of $2.68. 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 $1,910 and an average price per square feet of $2.80. There are a total of 26 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 $2,995 and an average price per square feet of $2.75. There are a total of 34 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 -0.07%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by -0.05% year-over-year.
What is a reasonable rent price in 78702, Austin, TX?
A reasonable rent price in 78702, Austin, TX is around $2,396/month. You can search for these reasonably priced rental listings on RentHop.
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