Average Rent in 78705, Austin, TX

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Current Versus Historical 78705, Austin, TX Rents

78705 rentals average $1,273 for a studio rental to $3,998 for a 4-bedroom rental. The median price of all currently available listings is $1,650, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $208 (-14.27%) year-over-year from $1,458 to $1,250. 1-bedroom rentals prices have decreased by $515 (-29.18%) year-over-year from $1,765 to $1,250. 2-bedroom rentals prices have increased by $11 (0.56%) year-over-year from $1,974 to $1,985. 3-bedroom rentals prices have increased by $533 (22.56%) year-over-year from $2,362 to $2,895. 4-bedroom rentals prices have increased by $1,970 (94.66%) year-over-year from $2,081 to $4,050. 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 3.83% this month. 1-bedroom rents have gone down by 25.90% this month. 2-bedroom rents have gone down by 5.06% this month. 3-bedroom rents have gone up by 4.83% this month. 4-bedroom rents have gone up by 0.04% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.00	$1,250	$1,458 (-14.27%)	$2,348 (-46.76%)
1 BR	$2.63	$1,250	$1,765 (-29.18%)	$1,570 (-20.40%)
2 BR	$2.25	$1,985	$1,974 (0.56%)	$1,689 (17.51%)
3 BR	$2.39	$2,895	$2,362 (22.56%)	$2,441 (18.61%)
4+ BR	$2.30	$4,050	$2,081 (94.66%)	$2,631 (53.95%)

Historical Rents in 78705, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 78705

There are a total of 13 cities nearby 78705. The average rent in 78705 is currently $2,200 per month. Our records show that Canyon Lake, TX, with an average rent of $1,750, is the most affordable city nearby. In contrast, the most expensive city near 78705, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,873 per month.

Let's compare 78705, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 13.27% more expensive. Two bedrooms in 78705, Austin, TX are about 15.04% more expensive. Finally, rent for three bedrooms are about 26.32% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near 78705, Austin, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Kyle, TX	N/A	$1,263	$1,450	$2,095
Manor, TX	N/A	N/A	N/A	$2,100
Cedar Park, TX	N/A	$1,381	$1,750	$2,150
Round Rock, TX	N/A	N/A	$1,650	$2,200
Hutto, TX	N/A	N/A	N/A	$2,200
Leander, TX	N/A	$1,250	$1,700	$2,250
Pflugerville, TX	N/A	N/A	$1,875	$2,273
Georgetown, TX	$1,600	$1,095	$1,700	$2,295
Austin, TX	$1,200	$1,425	$1,995	$2,300
Lakeway, TX	N/A	N/A	$2,775	$3,873

Top Neighborhoods Near 78705

There are a total of 9 neighborhoods in or near 78705. Some of these neighborhoods include North University, West University, and Hyde Park. We've included all of these top 9 neighborhoods in or near 78705, Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near 78705, Austin, TX is currently around $2,028 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,028. Interestingly, the neighborhoods' average rent is higher than 78705's average rent, which is only $1,650. Out of all the neighborhoods in or near 78705, North University has the most affordable average rent at $1,350 per month. Whereas, at $3,400 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78705. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North University, Austin, TX	$1,095	$1,250	$2,250	$1,350
West University, Austin, TX	$1,325	$1,300	$1,985	$1,700
Hyde Park, Austin, TX	$999	$1,165	$1,775	$1,700
Hancock, Austin, TX	$1,248	$1,499	$1,900	$1,800
West Oak Hill, Austin, TX	N/A	$1,414	$2,013	$2,028
South Lamar, Austin, TX	$1,163	$2,000	$2,198	$2,325
North Loop, Austin, TX	$1,160	$1,433	$1,900	$2,650
Zilker, Austin, TX	N/A	$2,275	$2,850	$3,200
Downtown Austin, Austin, TX	$1,950	$2,895	$4,500	$3,400

Top Counties Near 78705

There are a total of 9 counties located by 78705, 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 $2,295. That's roughly around $1 per sqft. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,900. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by 78705, Austin, TX.

In comparison, rent for one bedroom listings in 78705, Austin, TX is 2.57% more affordable than other counties nearby. Finally, rent for two bedrooms in 78705, Austin, TX is 10.38% 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	$1,263	$1,638	$2,150
Northeast Travis, TX	N/A	$1,657	$1,950	$2,250
Cedar Park-Liberty Hill, TX	N/A	$1,380	$1,788	$2,250
Austin, TX	$1,200	$1,410	$1,995	$2,295
Taylor, TX	N/A	$1,048	$1,545	$2,295
Round Rock-Georgetown, TX	N/A	$1,300	$1,650	$2,300
Northwest Travis, TX	N/A	$1,295	$1,848	$2,700
Dripping Springs-Wimberley, TX	N/A	$1,200	$2,250	$3,025
Southwest Travis, TX	N/A	$1,429	$2,400	$3,300

Top Zipcodes Near 78705

There are a total of 37 zipcodes in or near 78705, Austin, TX. The average rent for all of these zipcodes is $2,295.

The following chart includes the top 10 zipcodes in 78705, 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	$908	$1,600	$2,125
78613, Cedar Park, TX	N/A	$1,382	$1,763	$2,195
78704, Austin, TX	$1,163	$1,950	$2,448	$2,995
78666, San Marcos, TX	N/A	$1,200	$1,525	$2,000
78758, Austin, TX	N/A	$1,560	$1,650	$1,750
78702, Austin, TX	N/A	$1,950	$2,950	$3,000
78741, Austin, TX	N/A	$1,213	$1,795	$2,175
78626, Jarrell, TX	N/A	$1,045	$1,975	$2,250
78701, Austin, TX	$1,950	$2,823	$4,500	$3,398
78745, Austin, TX	$900	$1,325	$1,750	$2,000

Frequently Asked Questions - 78705 Average Rents

What is the average rent price in 78705, Austin, TX?

The average monthly rental price for 78705, Austin, TX apartments for rent is approximately $1,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 78705, 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 78705, Austin, TX.

How much is a studio apartment in 78705, Austin, TX?

The average monthly rental price for studio apartments is $1,273 and an average price per square feet of $3.00. There are a total of 20 studio apartment listings currently available for rent in 78705.

How much is a one bedroom apartment in 78705, Austin, TX?

The average monthly rental price for one bedroom apartments is $1,263 and an average price per square feet of $2.63. There are a total of 214 one bedroom apartment listings currently available for rent in 78705.

How much is a two bedroom apartment in 78705, Austin, TX?

The average monthly rental price for two bedroom apartments is $1,995 and an average price per square feet of $2.25. There are a total of 153 two bedroom apartment listings currently available for rent in 78705.

How have rent prices in 78705, Austin, TX changed this year?

Rent prices for rentals in 78705, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.14%, one bedroom rental prices have changed by -0.29%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.23% year-over-year.

What is a reasonable rent price in 78705, Austin, TX?

A reasonable rent price in 78705, Austin, TX is around $1,320/month. You can search for these reasonably priced rental listings on RentHop.