Average Rent in 78703, Austin, TX

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Current Versus Historical 78703, Austin, TX Rents

78703 rentals average $1,348 for a studio rental to $7,000 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $3 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 $201 (-11.12%) year-over-year from $1,807 to $1,606. 1-bedroom rentals prices have decreased by $39 (-1.94%) year-over-year from $1,989 to $1,950. 2-bedroom rentals prices have decreased by $303 (-9.94%) year-over-year from $3,049 to $2,746. 3-bedroom rentals prices have decreased by $3,582 (-40.61%) year-over-year from $8,820 to $5,238. 4-bedroom rentals prices have decreased by $2,233 (-24.19%) year-over-year from $9,233 to $7,000. 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 2.30% this month. 1-bedroom rents have gone down by 0.85% this month. 2-bedroom rents have gone up by 0.51% this month. 3-bedroom rents have gone down by 2.90% this month. 4-bedroom rents have gone up by 17.98% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.08 $1,606 $1,807 (-11.12%) $1,667 (-3.64%)
1 BR $3.01 $1,950 $1,989 (-1.94%) $1,729 (12.81%)
2 BR $2.63 $2,746 $3,049 (-9.94%) $2,254 (21.85%)
3 BR $2.83 $5,238 $8,820 (-40.61%) $3,483 (50.41%)
4+ BR $2.82 $7,000 $9,233 (-24.19%) $3,883 (80.26%)

Historical Rents in 78703, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78703

There are a total of 12 cities nearby 78703. The average rent in 78703 is currently $2,200 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 $1,695, is the most affordable city nearby. In contrast, the most expensive city near 78703, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,600 per month.

Let's compare 78703, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 30.43% more expensive. Two bedrooms in 78703, Austin, TX are about 36.90% more expensive. Finally, rent for three bedrooms are about 57.78% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 78703, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,525 $1,990
Kyle, TX N/A $1,235 $1,425 $2,000
Hutto, TX N/A N/A N/A $2,195
Georgetown, TX $1,252 $1,250 $1,564 $2,199
Cedar Park, TX N/A $1,370 $1,835 $2,200
Leander, TX N/A $1,350 $1,663 $2,200
Austin, TX $1,149 $1,400 $1,950 $2,250
Round Rock, TX N/A N/A $1,673 $2,250
Pflugerville, TX N/A N/A $1,595 $2,275
Lakeway, TX N/A N/A $2,175 $3,600

Top Neighborhoods Near 78703

There are a total of 9 neighborhoods in or near 78703. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 9 neighborhoods in or near 78703, Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near 78703, Austin, TX is currently around $2,250 per month. A total of 8 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 78703, North University has the most affordable average rent at $1,250 per month. Whereas, at $3,400 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78703. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,062 $1,250 $2,125 $1,250
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hancock, Austin, TX $1,323 $1,500 $1,900 $1,800
Garrison Park, Austin, TX N/A $1,150 $1,695 $1,850
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,250
Hyde Park, Austin, TX $1,010 $1,195 $1,880 $2,250
North Loop, Austin, TX $1,078 $1,400 $1,900 $2,498
Zilker, Austin, TX N/A $1,900 $3,000 $3,000
Downtown Austin, Austin, TX $1,750 $2,750 $3,525 $3,400

Top Counties Near 78703

There are a total of 9 counties located by 78703, 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 $3,400, Southwest Travis, TX is the most expensive county by 78703, Austin, TX.

In comparison, rent for one bedroom listings in 78703, Austin, TX is 22.27% more expensive than other counties nearby. Finally, rent for two bedrooms in 78703, Austin, TX is 31.43% 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 $1,235 $1,648 $2,175
Austin, TX $1,149 $1,400 $1,950 $2,250
Northeast Travis, TX N/A $1,657 $1,875 $2,250
Cedar Park-Liberty Hill, TX N/A $1,371 $1,800 $2,250
Taylor, TX N/A $1,759 $1,450 $2,253
Round Rock-Georgetown, TX $1,252 $1,250 $1,615 $2,295
Northwest Travis, TX N/A $1,373 $1,800 $2,695
Dripping Springs-Wimberley, TX N/A $1,350 $2,250 $2,900
Southwest Travis, TX N/A $1,434 $2,083 $3,400

Top Zipcodes Near 78703

There are a total of 40 zipcodes in or near 78703, Austin, TX. The average rent for all of these zipcodes is $2,263. A total of 37 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 $1,625 per month. In comparison, the zipcode with the most expensive average rent of $4,975 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 78703, Austin, TX is $1,213 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,751 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78703, 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 $863 $1,800 $2,150
78613, Cedar Park, TX N/A $1,371 $1,835 $2,200
78704, Austin, TX $1,175 $1,625 $2,295 $2,875
78666, San Marcos, TX N/A $1,200 $1,525 $1,995
78758, Austin, TX N/A $1,550 $1,785 $1,766
78702, Austin, TX $1,273 $1,905 $2,995 $2,995
78741, Austin, TX $1,074 $1,230 $1,795 $2,000
78626, Jarrell, TX $1,252 $1,255 $1,575 $2,200
78701, Austin, TX $1,750 $2,750 $3,500 $3,350
78745, Austin, TX $925 $1,315 $1,738 $1,998

Frequently Asked Questions - 78703 Average Rents

What is the average rent price in 78703, Austin, TX?
The average monthly rental price for 78703, Austin, TX apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78703, 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 78703, Austin, TX.
How much is a studio apartment in 78703, Austin, TX?
The average monthly rental price for studio apartments is $1,348 and an average price per square feet of $4.08. There are a total of 2 studio apartment listings currently available for rent in 78703.
How much is a one bedroom apartment in 78703, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $3.01. There are a total of 25 one bedroom apartment listings currently available for rent in 78703.
How much is a two bedroom apartment in 78703, Austin, TX?
The average monthly rental price for two bedroom apartments is $2,625 and an average price per square feet of $2.63. There are a total of 43 two bedroom apartment listings currently available for rent in 78703.
How have rent prices in 78703, Austin, TX changed this year?
Rent prices for rentals in 78703, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.41% year-over-year.
What is a reasonable rent price in 78703, Austin, TX?
A reasonable rent price in 78703, Austin, TX is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.
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