Average Rent in 78721, Austin, TX

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Current Versus Historical 78721, Austin, TX Rents

78721 rentals average $1,780 for a studio rental to $3,598 for a 4-bedroom rental. The median price of all currently available listings is $2,373, or roughly $27 per square feet.
For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have increased by $359 (25.22%) year-over-year from $1,422 to $1,780. 1-bedroom rentals prices have increased by $157 (9.49%) year-over-year from $1,656 to $1,813. 2-bedroom rentals prices have decreased by $35 (-1.45%) year-over-year from $2,435 to $2,400. 3-bedroom rentals prices have increased by $2 (0.07%) year-over-year from $3,031 to $3,033. 4-bedroom rentals prices have decreased by $405 (-9.87%) year-over-year from $4,100 to $3,695. 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 12.27% this month. 1-bedroom rents have gone down by 7.01% this month. 2-bedroom rents have gone down by 2.90% this month. 3-bedroom rents have gone up by 4.82% this month. 4-bedroom rents have gone up by 8.78% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $1,780 $1,422 (25.22%) $1,678 (6.10%)
1 BR $30.65 $1,813 $1,656 (9.49%) $1,528 (18.65%)
2 BR $28.06 $2,400 $2,435 (-1.45%) $2,398 (0.08%)
3 BR $23.24 $3,033 $3,031 (0.07%) $2,954 (2.67%)
4+ BR $20.59 $3,695 $4,100 (-9.87%) $1,926 (91.85%)

Historical Rents in 78721, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78721

There are a total of 18 cities nearby 78721. The average rent in 78721 is currently $1,995 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that New Braunfels, TX, with an average rent of $1,550, is the most affordable city nearby. In contrast, the most expensive city near 78721, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,150 per month.

Let's compare 78721, Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 78721, Austin, TX is 72.29% more expensive than other cities nearby. One bedrooms are about 27.89% more expensive. Two bedrooms in 78721, Austin, TX are about 32.10% more expensive. Finally, rent for three bedrooms are about 33.50% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near 78721, Austin, TX in the following table.
City Studio 1 Bed 2 Bed All
Kyle, TX $1,198 $1,290 $1,698 $1,900
Austin, TX $1,308 $1,436 $1,895 $1,995
Manor, TX N/A $1,449 $1,723 $1,995
Round Rock, TX $1,548 $1,550 $1,550 $2,000
Jollyville, TX N/A N/A $1,495 $2,100
Hutto, TX $1,103 $1,230 $1,650 $2,100
Pflugerville, TX N/A $1,191 $1,631 $2,150
Cedar Park, TX $2,075 $1,299 $1,368 $2,200
Brushy Creek, TX N/A $1,319 $1,875 $2,400
Lakeway, TX N/A $1,300 $1,923 $3,150

Top Neighborhoods Near 78721

There are a total of 32 neighborhoods in or near 78721. Some of these neighborhoods include North University, Parker Lane, and St. Johns. We've included the top 30 neighborhoods out of 32 total neighborhoods in or near 78721, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near 78721, Austin, TX is currently around $1,949 per month. A total of 26 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,949. Interestingly, the neighborhoods' average rent is less than 78721's average rent, which is actually $2,373. Out of all the neighborhoods in or near 78721, North University has the most affordable average rent at $1,225 per month. Whereas, at $3,200 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78721. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,000 $1,100 $1,625 $1,225
Parker Lane, Austin, TX $701 $995 $1,570 $1,229
St. Johns, Austin, TX $1,000 $1,155 $1,500 $1,237
Hyde Park, Austin, TX $950 $1,138 $1,450 $1,400
Hancock, Austin, TX $1,000 $1,195 $1,600 $1,450
West University, Austin, TX $1,150 $1,125 $1,750 $1,495
North Austin, Austin, TX $985 $937 $1,373 $1,498
Riverside, Austin, TX $1,329 $1,595 $1,873 $1,648
Brentwood, Austin, TX $1,414 $1,400 $2,095 $1,679
Sweetbriar, Austin, TX $1,514 $1,352 $1,922 $1,750
Highland, Austin, TX $1,764 $1,388 $1,813 $1,768
North Burnet, Austin, TX $1,400 $1,809 $2,481 $1,809
Windsor Park, Austin, TX $1,598 $1,616 $1,600 $1,914
Pleasant Valley, Austin, TX $1,460 $1,389 $2,228 $1,925
North Loop, Austin, TX $1,050 $1,366 $1,895 $1,950
South Lamar, Austin, TX $1,517 $1,751 $1,995 $1,984
Pecan Springs Springdale, Austin, TX $1,691 $1,700 $2,000 $2,000
Johnston Terrace, Austin, TX $1,861 $1,813 $2,432 $2,074
South River City, Austin, TX $1,780 $1,550 $2,298 $2,100
Montropolis, Austin, TX $1,300 $1,370 $2,021 $2,150
Old West Austin, Austin, TX $1,870 $1,979 $2,830 $2,169
Zilker, Austin, TX $1,750 $2,010 $2,850 $2,248
East Cesar Chavez, Austin, TX $1,622 $1,978 $2,682 $2,265
MLK, Austin, TX N/A $1,721 $2,556 $2,338
Govalle, Austin, TX $1,601 $1,830 $2,651 $2,400
MLK-183, Austin, TX N/A $1,493 $2,250 $2,450
Central East Austin, Austin, TX N/A $2,051 $2,857 $2,500
RMMA, Austin, TX $1,908 $2,010 $3,067 $2,708
Bouldin Creek, Austin, TX $2,376 $2,095 $3,131 $2,898
Downtown Austin, Austin, TX $1,906 $2,557 $3,879 $3,200

Top Counties Near 78721

There are a total of 17 counties located by 78721, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,000. That's roughly around $15 per sqft. A total of 15 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,145. Vice versa, with an average rent of $3,244, Southwest Travis, TX is the most expensive county by 78721, Austin, TX.

Typically, rent for studios in 78721, Austin, TX is 32.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 78721, Austin, TX is 26.58% more expensive than other counties nearby. Finally, rent for two bedrooms in 78721, 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 $1,175 $968 $1,175 $1,637
Austin, TX $1,308 $1,450 $1,900 $1,995
Kyle-Buda, TX $1,198 $1,298 $1,720 $1,995
Cedar Creek-Red Rock, TX N/A $1,463 $1,697 $2,000
Round Rock-Georgetown, TX $1,275 $1,372 $1,600 $2,145
Northeast Travis, TX N/A $1,357 $1,765 $2,150
Taylor, TX $1,802 $1,323 $1,612 $2,180
Cedar Park-Liberty Hill, TX $1,815 $1,457 $1,724 $2,200
Northwest Travis, TX $1,603 $1,215 $1,563 $2,222
Southwest Travis, TX $1,249 $1,457 $1,823 $3,244

Top Zipcodes Near 78721

There are a total of 42 zipcodes in or near 78721, Austin, TX. The average rent for all of these zipcodes is $1,983. A total of 36 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 76549, Southwest Bell, TX at $1,250 per month. In comparison, the zipcode with the most expensive average rent of $4,650 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,233. That's at least $27 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78721, Austin, TX is $1,305 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,704 per month. Which comes out to $18 per sqft. The following table includes the top 10 zipcodes in 78721, 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 $1,025 $1,150 $1,700 $1,395
78702, Austin, TX $1,601 $1,833 $2,670 $2,400
78741, Austin, TX $895 $1,305 $1,940 $1,725
78704, Austin, TX $1,694 $1,650 $2,400 $2,200
78701, Austin, TX $1,906 $2,557 $3,879 $3,174
78723, Austin, TX $1,720 $1,810 $2,017 $2,195
78745, Austin, TX $1,201 $1,299 $1,650 $1,741
78751, Austin, TX $950 $1,180 $1,900 $1,800
78752, Austin, TX $1,676 $1,165 $1,613 $1,400
78758, Austin, TX $1,320 $1,637 $1,498 $1,659

Frequently Asked Questions - 78721 Average Rents

What is the average rent price in 78721, Austin, TX?
The average monthly rental price for 78721, Austin, TX apartments for rent is approximately $2,373. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78721, 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 78721, Austin, TX.
How much is a studio apartment in 78721, Austin, TX?
The average monthly rental price for studio apartments is $1,780. There are a total of 2 studio apartment listings currently available for rent in 78721.
How much is a one bedroom apartment in 78721, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,802 and an average price per square feet of $30.65. There are a total of 32 one bedroom apartment listings currently available for rent in 78721.
How much is a two bedroom apartment in 78721, Austin, TX?
The average monthly rental price for two bedroom apartments is $2,416 and an average price per square feet of $28.06. There are a total of 48 two bedroom apartment listings currently available for rent in 78721.
How have rent prices in 78721, Austin, TX changed this year?
Rent prices for rentals in 78721, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.25%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by -0.01%, three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in 78721, Austin, TX?
A reasonable rent price in 78721, Austin, TX is around $1,898/month. You can search for these reasonably priced rental listings on RentHop.
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