Average Rent in 78704, Austin, TX

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Current Versus Historical 78704, Austin, TX Rents

78704 rentals average $1,300 for a studio rental to $7,248 for a 4-bedroom rental. The median price of all currently available listings is $2,875, 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 increased by $180 (12.90%) year-over-year from $1,392 to $1,572. 1-bedroom rentals prices have decreased by $47 (-2.73%) year-over-year from $1,707 to $1,660. 2-bedroom rentals prices have decreased by $230 (-9.31%) year-over-year from $2,470 to $2,240. 3-bedroom rentals prices have decreased by $485 (-9.74%) year-over-year from $4,985 to $4,500. 4-bedroom rentals prices have increased by $1,540 (29.58%) year-over-year from $5,207 to $6,748. 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 6.27% this month. 1-bedroom rents have gone up by 0.10% this month. 2-bedroom rents have gone down by 0.62% this month. 3-bedroom rents have gone down by 2.83% this month. 4-bedroom rents have gone up by 13.35% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.20 $1,572 $1,392 (12.90%) $1,287 (22.14%)
1 BR $2.60 $1,660 $1,707 (-2.73%) $1,532 (8.38%)
2 BR $2.12 $2,240 $2,470 (-9.31%) $1,978 (13.26%)
3 BR $2.60 $4,500 $4,985 (-9.74%) $2,782 (61.75%)
4+ BR $2.83 $6,748 $5,207 (29.58%) $3,888 (73.57%)

Historical Rents in 78704, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78704

There are a total of 13 cities nearby 78704. The average rent in 78704 is currently $2,162 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,698, 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 $2,995 per month.

Let's compare 78704, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 29.09% more expensive. Two bedrooms in 78704, Austin, TX are about 24.98% more expensive. Finally, rent for three bedrooms are about 50.59% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near 78704, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Jollyville, TX N/A N/A $1,548 $1,943
Kyle, TX N/A $1,325 $1,425 $1,995
San Marcos, TX N/A $1,100 $1,500 $1,995
Cedar Park, TX N/A $1,343 $1,749 $2,063
Hutto, TX N/A N/A N/A $2,195
Pflugerville, TX N/A N/A $1,850 $2,200
Leander, TX N/A $1,350 $1,666 $2,200
Austin, TX $1,120 $1,400 $1,900 $2,225
Round Rock, TX N/A N/A $1,695 $2,250
Lakeway, TX N/A N/A $1,950 $2,995

Top Neighborhoods Near 78704

There are a total of 11 neighborhoods in or near 78704. Some of these neighborhoods include North University, Hyde Park, and Hancock. We've included all of these top 11 neighborhoods in or near 78704, Austin, TX in the following chart.

The average rent for these 11 neighborhoods in or near 78704, Austin, TX is currently around $1,999 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,999. Out of all the neighborhoods in or near 78704, North University has the most affordable average rent at $1,298 per month. Whereas, at $3,373 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 $1,062 $1,250 $2,150 $1,298
Hyde Park, Austin, TX $975 $1,199 $1,868 $1,730
Hancock, Austin, TX $1,275 $1,499 $1,800 $1,750
North Austin, Austin, TX N/A $1,020 $1,595 $1,775
West University, Austin, TX $1,325 $1,300 $1,995 $1,800
Brentwood, Austin, TX $1,286 $1,449 $2,395 $1,999
West Oak Hill, Austin, TX N/A $1,374 $2,016 $2,003
South Lamar, Austin, TX $1,175 $1,545 $1,800 $2,250
North Loop, Austin, TX $1,053 $1,400 $1,898 $2,495
Zilker, Austin, TX N/A $1,825 $2,800 $2,995
Downtown Austin, Austin, TX $1,435 $2,898 $3,550 $3,373

Top Counties Near 78704

There are a total of 11 counties located by 78704, 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 $2,200. 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 $1,913. Vice versa, with an average rent of $3,195, Southwest Travis, TX is the most expensive county by 78704, Austin, TX.

In comparison, rent for one bedroom listings in 78704, Austin, TX is 17.44% more expensive than other counties nearby. Finally, rent for two bedrooms in 78704, Austin, TX is 19.71% 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 $1,100 $1,470 $1,995
Kyle-Buda, TX N/A $1,263 $1,815 $2,150
Austin, TX $1,120 $1,398 $1,900 $2,200
Northeast Travis, TX N/A $1,655 $1,850 $2,200
Cedar Park-Liberty Hill, TX N/A $1,347 $1,750 $2,200
Taylor, TX N/A $1,889 $1,500 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,650 $2,295
Northwest Travis, TX N/A $1,295 $1,898 $2,595
Dripping Springs-Wimberley, TX N/A $1,500 $2,250 $3,150
Southwest Travis, TX N/A $1,389 $2,038 $3,195

Top Zipcodes Near 78704

There are a total of 38 zipcodes in or near 78704, Austin, TX. The average rent for all of these zipcodes is $2,200. 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 $4,500 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 $1,235 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,750 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 $1,050 $1,713 $1,995
78613, Cedar Park, TX N/A $1,343 $1,749 $2,100
78666, San Marcos, TX N/A $1,100 $1,500 $1,995
78758, Austin, TX N/A $1,600 $1,750 $1,799
78702, Austin, TX $1,508 $1,933 $2,825 $2,795
78741, Austin, TX $1,074 $1,200 $1,750 $1,995
78626, Jarrell, TX $1,252 $1,259 $1,587 $2,200
78701, Austin, TX $1,435 $2,895 $3,500 $3,350
78745, Austin, TX $995 $1,325 $1,787 $2,000
78628, Round Rock-Georgetown, TX N/A $1,175 $1,500 $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 $2,875. 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 $1,300 and an average price per square feet of $3.20. There are a total of 15 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 $1,600 and an average price per square feet of $2.60. There are a total of 51 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 $2,220 and an average price per square feet of $2.12. There are a total of 106 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 0.13%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by -0.10% year-over-year.
What is a reasonable rent price in 78704, Austin, TX?
A reasonable rent price in 78704, Austin, TX is around $2,300/month. You can search for these reasonably priced rental listings on RentHop.
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