Average Rent in 78704, Austin, TX

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Current Versus Historical 78704, Austin, TX Rents

78704 rentals average $1,553 for a studio rental to $6,125 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $28 per square feet.
For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $214 (-12.12%) year-over-year from $1,767 to $1,553. 1-bedroom rentals prices have decreased by $2 (-0.09%) year-over-year from $1,886 to $1,884. 2-bedroom rentals prices have decreased by $471 (-16.72%) year-over-year from $2,818 to $2,347. 3-bedroom rentals prices have decreased by $857 (-19.67%) year-over-year from $4,357 to $3,500. 4-bedroom rentals prices have decreased by $2,692 (-33.26%) year-over-year from $8,092 to $5,400. 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 up by 4.25% this month. 1-bedroom rents have gone up by 4.01% this month. 2-bedroom rents have gone down by 5.29% this month. 3-bedroom rents have gone down by 2.33% this month. 4-bedroom rents have gone down by 19.29% this month.
Beds
Price / Sqft
Oct 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $31.35 $1,553 $1,767 (-12.12%) $1,719 (-9.65%)
1 BR $31.01 $1,884 $1,886 (-0.09%) $1,767 (6.64%)
2 BR $25.29 $2,347 $2,818 (-16.72%) $2,374 (-1.12%)
3 BR $29.78 $3,500 $4,357 (-19.67%) $4,408 (-20.60%)
4+ BR $30.68 $5,400 $8,092 (-33.26%) $5,500 (-1.82%)

Historical Rents in 78704, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78704

There are a total of 19 cities nearby 78704. The average rent in 78704 is currently $1,935 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,485, 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 $2,800 per month.

Let's compare 78704, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 29.10% more expensive. Two bedrooms in 78704, Austin, TX are about 37.74% more expensive. Finally, rent for three bedrooms are about 44.29% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near 78704, Austin, TX in the following table.
City Studio 1 Bed 2 Bed All
Wells Branch, TX $1,773 $979 $1,425 $1,500
Jollyville, TX N/A $1,195 $1,425 $1,713
Manor, TX N/A $1,804 $2,330 $1,855
Kyle, TX $1,830 $1,830 $1,799 $1,860
Austin, TX $1,534 $1,408 $1,750 $1,935
Lago Vista, TX N/A $1,498 $1,323 $1,997
Pflugerville, TX N/A $1,405 $1,612 $2,100
Cedar Park, TX N/A $1,131 $1,355 $2,150
Brushy Creek, TX N/A $1,514 $1,463 $2,288
Lakeway, TX N/A $981 $2,048 $2,800

Top Neighborhoods Near 78704

There are a total of 31 neighborhoods in or near 78704. Some of these neighborhoods include Hyde Park, Parker Lane, and St. Johns. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 78704, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near 78704, Austin, TX is currently around $1,834 per month. A total of 26 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,834. Interestingly, the neighborhoods' average rent is less than 78704's average rent, which is actually $2,300. Out of all the neighborhoods in or near 78704, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $3,455 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78704. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Hyde Park, Austin, TX $912 $998 $1,500 $1,200
Parker Lane, Austin, TX $865 $1,065 $1,445 $1,265
St. Johns, Austin, TX $819 $950 $1,250 $1,395
North University, Austin, TX $825 $999 $1,675 $1,450
Highland, Austin, TX $1,213 $1,330 $1,715 $1,493
West University, Austin, TX $1,200 $980 $1,693 $1,495
Pleasant Valley, Austin, TX N/A $975 $1,881 $1,495
North Austin, Austin, TX $985 $899 $1,300 $1,500
Garrison Park, Austin, TX $920 $899 $1,424 $1,575
Windsor Park, Austin, TX $914 $1,097 $1,349 $1,595
East Oak Hill, Austin, TX $1,210 $1,294 $1,629 $1,639
Riverside, Austin, TX $1,226 $1,520 $1,861 $1,678
Hancock, Austin, TX $1,372 $1,200 $1,845 $1,740
Brentwood, Austin, TX $1,271 $1,096 $1,850 $1,750
North Burnet, Austin, TX $1,408 $1,516 $2,280 $1,834
West Oak Hill, Austin, TX N/A $1,314 $1,695 $1,893
South River City, Austin, TX $1,553 $1,438 $2,050 $1,902
Sweetbriar, Austin, TX $1,840 $1,564 $2,095 $1,949
South Lamar, Austin, TX $1,149 $1,700 $2,000 $1,969
North Loop, Austin, TX $1,074 $1,258 $2,062 $1,975
Montropolis, Austin, TX N/A $1,850 $1,950 $2,000
RMMA, Austin, TX $977 $1,724 $2,235 $2,050
East Cesar Chavez, Austin, TX $1,564 $1,850 $2,668 $2,075
Old West Austin, Austin, TX $1,681 $1,895 $2,865 $2,207
MLK-183, Austin, TX $1,396 $1,504 $2,400 $2,300
MLK, Austin, TX $1,965 $2,343 $2,500 $2,450
Govalle, Austin, TX $1,486 $1,724 $2,464 $2,464
Central East Austin, Austin, TX $1,425 $1,750 $2,895 $2,511
Zilker, Austin, TX $1,855 $2,565 $2,800 $2,707
Downtown Austin, Austin, TX $2,067 $2,490 $3,785 $3,455

Top Counties Near 78704

There are a total of 19 counties located by 78704, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $1,950. That's roughly around $14 per sqft. A total of 17 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,170. Vice versa, with an average rent of $2,800, Dripping Springs-Wimberley, TX is the most expensive county by 78704, Austin, TX.

Typically, rent for studios in 78704, Austin, TX is 35.61% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 78704, Austin, TX is 33.71% more expensive than other counties nearby. Finally, rent for two bedrooms in 78704, Austin, TX is 29.76% 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 N/A $1,170 $1,200 $1,493
Austin, TX $1,543 $1,421 $1,795 $1,945
Kyle-Buda, TX $1,830 $1,700 $1,846 $1,950
Northwest Travis, TX $1,353 $1,249 $1,544 $1,968
Cedar Creek-Red Rock, TX $1,000 $1,459 $1,679 $1,995
Round Rock-Georgetown, TX $1,141 $1,361 $1,475 $2,050
Northeast Travis, TX $1,119 $1,769 $1,666 $2,080
Cedar Park-Liberty Hill, TX $1,514 $1,240 $1,650 $2,195
Southwest Travis, TX N/A $2,075 $1,895 $2,750
Dripping Springs-Wimberley, TX $1,495 $1,258 $1,800 $2,800

Top Zipcodes Near 78704

There are a total of 49 zipcodes in or near 78704, Austin, TX. The average rent for all of these zipcodes is $1,895. A total of 41 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78218, San Antonio, TX at $1,035 per month. In comparison, the zipcode with the most expensive average rent of $4,275 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,020. That's at least $24 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78704, Austin, TX is $1,311 per month. Or in other words, $21 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,599 per month. Which comes out to $18 per sqft. The following table 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
78705, Austin, TX $1,050 $1,075 $1,695 $1,500
78745, Austin, TX $1,197 $1,330 $1,595 $1,850
78701, Austin, TX $2,067 $2,490 $3,785 $3,449
78741, Austin, TX $895 $1,353 $1,667 $1,603
78702, Austin, TX $1,551 $1,843 $2,626 $2,461
78744, Austin, TX $1,129 $1,250 $1,429 $1,659
78723, Austin, TX $1,144 $1,595 $1,600 $1,864
78751, Austin, TX $912 $1,055 $1,900 $1,695
78748, Austin, TX $1,047 $1,383 $1,550 $1,900
78758, Austin, TX $1,374 $1,363 $1,550 $1,610

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 $2,300. 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 $1,553 and an average price per square feet of $31.35. There are a total of 13 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 $1,897 and an average price per square feet of $31.01. There are a total of 142 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 $2,349 and an average price per square feet of $25.29. There are a total of 159 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 -0.12%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.17%, 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 $1,840/month. You can search for these reasonably priced rental listings on RentHop.