Average Rent in 78724, Austin, TX

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Current Versus Historical 78724, Austin, TX Rents

78724 rentals average $750 for a studio rental to $2,075 for a 4-bedroom rental. The median price of all currently available listings is $1,778, or roughly $18 per square feet.
For the apartment units and housing in September 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $287 (-27.64%) year-over-year from $1,037 to $750. 1-bedroom rentals prices have decreased by $7 (-0.49%) year-over-year from $1,507 to $1,500. 2-bedroom rentals prices have decreased by $176 (-9.67%) year-over-year from $1,824 to $1,648. 3-bedroom rentals prices have decreased by $199 (-8.55%) year-over-year from $2,324 to $2,125. 4-bedroom rentals prices have decreased by $74 (-3.49%) year-over-year from $2,124 to $2,050. 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 16.26% this month. 1-bedroom rents have gone up by 0.89% this month. 2-bedroom rents have gone down by 5.89% this month. 3-bedroom rents have gone down by 3.70% this month. 4-bedroom rents have gone down by 8.86% this month.
Beds
Price / Sqft
Sep 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.98 $750 $1,037 (-27.64%) $1,187 (-36.82%)
1 BR $24.00 $1,500 $1,507 (-0.49%) $1,002 (49.66%)
2 BR $16.98 $1,648 $1,824 (-9.67%) $1,312 (25.61%)
3 BR $16.17 $2,125 $2,324 (-8.55%) $2,013 (5.55%)
4+ BR $13.93 $2,050 $2,124 (-3.49%) $2,364 (-13.28%)

Historical Rents in 78724, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78724

There are a total of 18 cities nearby 78724. The average rent in 78724 is currently $1,981 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,450, is the most affordable city nearby. In contrast, the most expensive city near 78724, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,030 per month.

Let's compare 78724, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 19.27% more expensive. Two bedrooms in 78724, Austin, TX are about 7.59% more expensive. Finally, rent for three bedrooms are about 8.90% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near 78724, Austin, TX in the following table.
City Studio 1 Bed 2 Bed All
Bastrop, TX N/A $1,466 $1,549 $1,791
Jollyville, TX N/A $950 $1,450 $1,793
Taylor, TX N/A $938 $1,000 $1,800
Manor, TX N/A $1,570 $1,768 $1,950
Austin, TX $1,395 $1,574 $1,850 $2,000
Round Rock, TX $1,031 $1,545 $1,550 $2,000
Cedar Park, TX N/A $1,119 $1,359 $2,023
Hutto, TX $1,103 $1,230 $1,575 $2,063
Pflugerville, TX N/A $1,170 $1,550 $2,150
Brushy Creek, TX N/A $1,359 $1,970 $2,275

Top Neighborhoods Near 78724

There are a total of 31 neighborhoods in or near 78724. Some of these neighborhoods include Hyde Park, North University, and Parker Lane. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 78724, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near 78724, Austin, TX is currently around $2,023 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only twenty-two neighborhoods have a higher average rent than $2,023. Interestingly, the neighborhoods' average rent is higher than 78724's average rent, which is only $1,778. Out of all the neighborhoods in or near 78724, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $3,200 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78724. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Hyde Park, Austin, TX $909 $1,100 $1,925 $1,200
North University, Austin, TX $825 $987 $1,598 $1,200
Parker Lane, Austin, TX $701 $950 $1,497 $1,385
West University, Austin, TX $995 $995 $1,600 $1,400
North Austin, Austin, TX $985 $924 $1,300 $1,500
Hancock, Austin, TX $1,615 $1,195 $1,848 $1,645
Riverside, Austin, TX $1,433 $1,570 $1,999 $1,665
Brentwood, Austin, TX $1,414 $1,173 $2,193 $1,707
North Burnet, Austin, TX $1,400 $1,811 $2,391 $1,814
Pleasant Valley, Austin, TX $1,460 $1,356 $1,600 $1,827
Sweetbriar, Austin, TX $1,514 $1,403 $1,829 $1,900
South Lamar, Austin, TX N/A $1,600 $1,981 $1,969
Pecan Springs Springdale, Austin, TX $1,661 $1,665 $1,845 $2,000
Windsor Park, Austin, TX $1,802 $1,706 $2,190 $2,000
West Oak Hill, Austin, TX N/A $1,396 $1,650 $2,023
Montropolis, Austin, TX $1,200 $1,370 $1,945 $2,029
Johnston Terrace, Austin, TX $1,598 $1,873 $2,389 $2,074
North Loop, Austin, TX $800 $1,248 $1,850 $2,100
East Cesar Chavez, Austin, TX $1,599 $1,965 $2,553 $2,100
MLK, Austin, TX $1,678 $1,786 $2,454 $2,238
Govalle, Austin, TX $1,596 $1,817 $2,600 $2,257
MLK-183, Austin, TX N/A $1,549 $2,300 $2,279
Rosewood, Austin, TX $1,519 $1,840 $2,500 $2,405
Holly, Austin, TX $995 $2,029 $2,800 $2,459
RMMA, Austin, TX N/A $2,049 $3,115 $2,571
South River City, Austin, TX $1,421 $1,745 $2,693 $2,573
Zilker, Austin, TX $1,645 $2,070 $2,800 $2,649
Central East Austin, Austin, TX $1,700 $1,870 $3,050 $2,650
Bouldin Creek, Austin, TX $695 $2,062 $3,127 $2,766
Downtown Austin, Austin, TX $1,999 $2,664 $3,863 $3,200

Top Counties Near 78724

There are a total of 16 counties located by 78724, Austin, TX. Some of these counties include Lockhart, TX, Bastrop, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $2,050. That's roughly around $15 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. Its average rent per month is $1,525. Vice versa, with an average rent of $2,900, Southwest Travis, TX is the most expensive county by 78724, Austin, TX.

Typically, rent for studios in 78724, Austin, TX is 37.47% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 78724, Austin, TX is 16.87% more expensive than other counties nearby. Finally, rent for two bedrooms in 78724, Austin, TX is 6.37% 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 $830 $1,200 $1,525
Bastrop, TX N/A $1,050 $1,275 $1,750
Cedar Creek-Red Rock, TX $1,000 $1,459 $1,627 $1,900
Kyle-Buda, TX $1,095 $1,299 $1,714 $1,950
Austin, TX $1,395 $1,593 $1,900 $2,000
Round Rock-Georgetown, TX $1,062 $1,388 $1,500 $2,100
Northeast Travis, TX $1,141 $1,466 $1,785 $2,140
Taylor, TX $1,802 $1,173 $1,475 $2,150
Northwest Travis, TX $1,602 $1,195 $1,513 $2,250
Southwest Travis, TX N/A $1,445 $1,729 $2,900

Top Zipcodes Near 78724

There are a total of 42 zipcodes in or near 78724, Austin, TX. The average rent for all of these zipcodes is $1,995. A total of 13 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78705, Austin, TX at $1,300 per month. In comparison, the zipcode with the most expensive average rent of $4,775 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,112. 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 78724, Austin, TX is $1,379 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,669 per month. Which comes out to $18 per sqft. The following table includes the top 10 zipcodes in 78724, 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 $880 $1,000 $1,600 $1,300
78741, Austin, TX $1,074 $1,300 $1,732 $1,652
78704, Austin, TX $1,513 $1,756 $2,524 $2,388
78702, Austin, TX $1,599 $1,837 $2,600 $2,316
78701, Austin, TX $1,999 $2,642 $3,877 $3,200
78723, Austin, TX $1,661 $1,815 $2,220 $2,173
78660, Pflugerville, TX N/A $1,170 $1,575 $2,200
78745, Austin, TX $1,301 $1,369 $1,639 $1,883
78758, Austin, TX $1,330 $1,336 $1,495 $1,650
78752, Austin, TX $1,098 $1,399 $1,975 $1,750

Frequently Asked Questions - 78724 Average Rents

What is the average rent price in 78724, Austin, TX?
The average monthly rental price for 78724, Austin, TX apartments for rent is approximately $1,778. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78724, 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 78724, Austin, TX.
How much is a studio apartment in 78724, Austin, TX?
The average monthly rental price for studio apartments is $750 and an average price per square feet of $9.98. There are a total of 1 studio apartment listings currently available for rent in 78724.
How much is a one bedroom apartment in 78724, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $24.00. There are a total of 58 one bedroom apartment listings currently available for rent in 78724.
How much is a two bedroom apartment in 78724, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,677 and an average price per square feet of $16.98. There are a total of 64 two bedroom apartment listings currently available for rent in 78724.
How have rent prices in 78724, Austin, TX changed this year?
Rent prices for rentals in 78724, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.28%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.10%, three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in 78724, Austin, TX?
A reasonable rent price in 78724, Austin, TX is around $1,422/month. You can search for these reasonably priced rental listings on RentHop.