Average Rent in 78731, Austin, TX

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Current Versus Historical 78731, Austin, TX Rents

78731 rentals average $939 for a studio rental to $6,500 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $22 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $757 (-44.64%) year-over-year from $1,696 to $939. 1-bedroom rentals prices have decreased by $728 (-42.44%) year-over-year from $1,715 to $987. 2-bedroom rentals prices have decreased by $135 (-6.77%) year-over-year from $2,000 to $1,865. 3-bedroom rentals prices have decreased by $1,363 (-30.90%) year-over-year from $4,410 to $3,048. 4-bedroom rentals prices have increased by $2,983 (52.88%) year-over-year from $5,642 to $8,625. 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 21.43% this month. 1-bedroom rents have gone down by 34.86% this month. 2-bedroom rents have gone down by 4.01% this month. 3-bedroom rents have gone down by 21.25% this month. 4-bedroom rents have gone up by 28.73% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$26.69	$939	$1,696 (-44.64%)	$1,386 (-32.24%)
1 BR	$18.72	$987	$1,715 (-42.44%)	$1,336 (-26.10%)
2 BR	$20.46	$1,865	$2,000 (-6.77%)	$1,753 (6.37%)
3 BR	$24.98	$3,048	$4,410 (-30.90%)	$3,491 (-12.71%)
4+ BR	$23.52	$8,625	$5,642 (52.88%)	$5,067 (70.24%)

Historical Rents in 78731, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 78731

There are a total of 19 cities nearby 78731. The average rent in 78731 is currently $1,995 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Killeen, TX, with an average rent of $1,250, is the most affordable city nearby. In contrast, the most expensive city near 78731, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,150 per month.

Let's compare 78731, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 33.23% more affordable. Two bedrooms in 78731, Austin, TX are about 11.33% more expensive. Finally, rent for three bedrooms are about 42.86% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near 78731, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Austin, TX	$1,308	$1,436	$1,895	$1,995
Manor, TX	N/A	$1,449	$1,723	$1,995
Lago Vista, TX	N/A	$1,350	$1,395	$1,995
Round Rock, TX	$1,548	$1,550	$1,550	$2,000
Jollyville, TX	N/A	N/A	$1,495	$2,100
Pflugerville, TX	N/A	$1,191	$1,631	$2,150
Cedar Park, TX	$2,075	$1,299	$1,368	$2,200
Leander, TX	$1,089	$1,419	$1,723	$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 78731

There are a total of 32 neighborhoods in or near 78731. 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 78731, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near 78731, Austin, TX is currently around $1,949 per month. A total of 17 neighborhoods have a lower average rent. Meaning, only thirteen neighborhoods have a higher average rent than $1,949. Interestingly, the neighborhoods' average rent is less than 78731's average rent, which is actually $1,950. Out of all the neighborhoods in or near 78731, 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 78731. 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
West Oak Hill, Austin, TX	$1,250	$1,363	$1,800	$1,949
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
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 78731

There are a total of 18 counties located by 78731, Austin, TX. Some of these counties include Kyle-Buda, TX, Austin, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $1,998. That's roughly around $15 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Killeen, TX. Its average rent per month is $1,299. Vice versa, with an average rent of $3,244, Southwest Travis, TX is the most expensive county by 78731, Austin, TX.

Typically, rent for studios in 78731, Austin, TX is 26.30% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 78731, Austin, TX is 34.41% more affordable than other counties nearby. Finally, rent for two bedrooms in 78731, Austin, TX is 10.07% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Kyle-Buda, TX	$1,198	$1,298	$1,720	$1,995
Austin, TX	$1,308	$1,450	$1,900	$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
Dripping Springs-Wimberley, TX	$1,250	$1,400	$2,450	$2,950
Southwest Travis, TX	$1,249	$1,457	$1,823	$3,244

Top Zipcodes Near 78731

There are a total of 42 zipcodes in or near 78731, Austin, TX. The average rent for all of these zipcodes is $2,033. A total of 20 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 $1,270. That's at least $26 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78731, Austin, TX is $1,335 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 78731, 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
78704, Austin, TX	$1,694	$1,650	$2,400	$2,200
78758, Austin, TX	$1,320	$1,637	$1,498	$1,659
78701, Austin, TX	$1,906	$2,557	$3,879	$3,174
78751, Austin, TX	$950	$1,180	$1,900	$1,800
78723, Austin, TX	$1,720	$1,810	$2,017	$2,195
78752, Austin, TX	$1,676	$1,165	$1,613	$1,400
78757, Austin, TX	$999	$1,157	$1,838	$1,700
78702, Austin, TX	$1,601	$1,833	$2,670	$2,400
78745, Austin, TX	$1,201	$1,299	$1,650	$1,741

Frequently Asked Questions - 78731 Average Rents

What is the average rent price in 78731, Austin, TX?

The average monthly rental price for 78731, Austin, TX apartments for rent is approximately $1,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 78731, 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 78731, Austin, TX.

How much is a studio apartment in 78731, Austin, TX?

The average monthly rental price for studio apartments is $939 and an average price per square feet of $26.69. There are a total of 3 studio apartment listings currently available for rent in 78731.

How much is a one bedroom apartment in 78731, Austin, TX?

The average monthly rental price for one bedroom apartments is $975 and an average price per square feet of $18.72. There are a total of 19 one bedroom apartment listings currently available for rent in 78731.

How much is a two bedroom apartment in 78731, Austin, TX?

The average monthly rental price for two bedroom apartments is $1,840 and an average price per square feet of $20.46. There are a total of 36 two bedroom apartment listings currently available for rent in 78731.

How have rent prices in 78731, Austin, TX changed this year?

Rent prices for rentals in 78731, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.45%, one bedroom rental prices have changed by -0.42%, two bedroom rental prices have changed by -0.07%, three bedroom rental prices have changed by -0.31% year-over-year.

What is a reasonable rent price in 78731, Austin, TX?

A reasonable rent price in 78731, Austin, TX is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.