Average Rent in 78704, Austin, TX

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Current Versus Historical 78704, Austin, TX Rents

78704 rentals average $1,388 for a studio rental to $9,000 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $3 per square feet.
For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have increased by $7 (0.45%) year-over-year from $1,441 to $1,447. 1-bedroom rentals prices have increased by $164 (9.90%) year-over-year from $1,658 to $1,823. 2-bedroom rentals prices have decreased by $22 (-0.93%) year-over-year from $2,412 to $2,390. 3-bedroom rentals prices have decreased by $984 (-19.74%) year-over-year from $4,984 to $4,000. 4-bedroom rentals prices have increased by $991 (14.45%) year-over-year from $6,858 to $7,850. 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 6.38% this month. 1-bedroom rents have gone down by 5.76% this month. 2-bedroom rents have gone down by 6.93% this month. 3-bedroom rents have gone down by 2.83% this month. 4-bedroom rents have gone up by 20.30% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.30 $1,447 $1,441 (0.45%) $1,263 (14.58%)
1 BR $2.58 $1,823 $1,658 (9.90%) $1,690 (7.84%)
2 BR $2.17 $2,390 $2,412 (-0.93%) $2,213 (8.01%)
3 BR $2.51 $4,000 $4,984 (-19.74%) $3,603 (11.01%)
4+ BR $3.54 $7,850 $6,858 (14.45%) $2,638 (197.59%)

Historical Rents in 78704, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78704

There are a total of 15 cities nearby 78704. The average rent in 78704 is currently $2,145 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that San Marcos, TX, with an average rent of $1,863, is the most affordable city nearby. In contrast, the most expensive city near 78704, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,088 per month.

Let's compare 78704, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 43.93% more expensive. Two bedrooms in 78704, Austin, TX are about 30.65% more expensive. Finally, rent for three bedrooms are about 48.90% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near 78704, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Kyle, TX N/A $1,362 $1,705 $2,000
Lago Vista, TX N/A $949 $1,500 $2,049
Jollyville, TX N/A N/A $1,450 $2,050
Round Rock, TX N/A N/A $1,595 $2,100
Manor, TX N/A N/A $2,033 $2,150
Cedar Park, TX N/A $1,251 $1,681 $2,150
Pflugerville, TX N/A N/A $1,413 $2,250
Austin, TX $1,149 $1,400 $1,950 $2,300
Brushy Creek, TX N/A N/A $1,750 $2,550
Lakeway, TX N/A N/A $1,875 $3,088

Top Neighborhoods Near 78704

There are a total of 16 neighborhoods in or near 78704. Some of these neighborhoods include North University, Hyde Park, and North Burnet. We've included all of these top 16 neighborhoods in or near 78704, Austin, TX in the following chart.

The average rent for these 16 neighborhoods in or near 78704, Austin, TX is currently around $2,098 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,098. Out of all the neighborhoods in or near 78704, North University has the most affordable average rent at $1,250 per month. Whereas, at $3,295 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78704. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $995 $1,250 $2,100 $1,250
Hyde Park, Austin, TX $1,038 $1,025 $1,850 $1,375
North Burnet, Austin, TX $1,171 $1,415 $2,165 $1,434
West University, Austin, TX $1,195 $1,250 $1,700 $1,550
Hancock, Austin, TX $1,300 $1,299 $1,899 $1,575
Buttercup Creek, Cedar Park, TX N/A $1,238 $1,626 $1,815
North Austin, Austin, TX N/A $1,000 $1,595 $1,895
Parker Lane, Austin, TX N/A $1,200 $1,750 $2,095
South Lamar, Austin, TX $999 $1,715 $2,100 $2,100
Barton Hills, Austin, TX N/A $1,666 $2,062 $2,171
Garrison Park, Austin, TX N/A N/A $1,695 $2,325
North Loop, Austin, TX $1,353 $1,340 $1,995 $2,400
West Oak Hill, Austin, TX N/A $1,323 $1,871 $2,495
Bouldin Creek, Austin, TX $1,300 $2,100 $2,925 $2,800
South River City, Austin, TX $1,599 $1,900 $2,298 $2,998
Downtown Austin, Austin, TX $1,825 $2,895 $4,500 $3,295

Top Counties Near 78704

There are a total of 16 counties located by 78704, Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Northeast Travis, TX. The average rent for rentals in these counties is $2,243. That's roughly around $1 per sqft. A total of 10 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,850. Vice versa, with an average rent of $3,225, Southwest Travis, TX is the most expensive county by 78704, Austin, TX.

In comparison, rent for one bedroom listings in 78704, Austin, TX is 21.71% more expensive than other counties nearby. Finally, rent for two bedrooms in 78704, Austin, TX is 29.35% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,013 $1,525 $1,945
Kyle-Buda, TX N/A $1,354 $1,759 $2,100
Northeast Travis, TX N/A $1,325 $1,689 $2,200
Cedar Creek-Red Rock, TX N/A N/A $1,550 $2,200
Cedar Park-Liberty Hill, TX N/A $1,268 $1,681 $2,243
Round Rock-Georgetown, TX N/A $1,350 $1,625 $2,275
Austin, TX $1,150 $1,400 $1,950 $2,295
Northwest Travis, TX N/A $1,380 $1,750 $2,800
Dripping Springs-Wimberley, TX N/A N/A $1,500 $2,995
Southwest Travis, TX N/A $1,353 $1,901 $3,225

Top Zipcodes Near 78704

There are a total of 40 zipcodes in or near 78704, Austin, TX. The average rent for all of these zipcodes is $2,295. 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 $1,499 per month. In comparison, the zipcode with the most expensive average rent of $4,500 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 78704, Austin, TX is $1,239 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,680 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78704, 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 $700 $1,388 $2,100
78613, Cedar Park, TX N/A $1,251 $1,681 $2,195
78666, San Marcos, TX N/A $1,013 $1,525 $1,950
78758, Austin, TX $1,171 $1,400 $1,675 $1,695
78702, Austin, TX $1,430 $1,850 $2,990 $2,990
78741, Austin, TX N/A $1,200 $1,775 $2,300
78626, Jarrell, TX N/A $1,350 $1,650 $2,125
78701, Austin, TX $1,825 $2,888 $4,500 $3,250
78745, Austin, TX $1,075 $1,750 $1,795 $2,250
78628, Round Rock-Georgetown, TX N/A N/A $1,388 $2,350

Frequently Asked Questions - 78704 Average Rents

What is the average rent price in 78704, Austin, TX?
The average monthly rental price for 78704, Austin, TX apartments for rent is approximately $2,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78704, 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 78704, Austin, TX.
How much is a studio apartment in 78704, Austin, TX?
The average monthly rental price for studio apartments is $1,388 and an average price per square feet of $3.30. There are a total of 10 studio apartment listings currently available for rent in 78704.
How much is a one bedroom apartment in 78704, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,693 and an average price per square feet of $2.58. There are a total of 72 one bedroom apartment listings currently available for rent in 78704.
How much is a two bedroom apartment in 78704, Austin, TX?
The average monthly rental price for two bedroom apartments is $2,300 and an average price per square feet of $2.17. There are a total of 117 two bedroom apartment listings currently available for rent in 78704.
How have rent prices in 78704, Austin, TX changed this year?
Rent prices for rentals in 78704, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by -0.20% year-over-year.
What is a reasonable rent price in 78704, Austin, TX?
A reasonable rent price in 78704, Austin, TX is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.
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