Average Rent in 78731, Austin, TX

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Current Versus Historical 78731, Austin, TX Rents

78731 rentals average $1,137 for a studio rental to $6,925 for a 4-bedroom rental. The median price of all currently available listings is $1,923, or roughly $20 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $680 (-37.44%) year-over-year from $1,817 to $1,137. 1-bedroom rentals prices have decreased by $525 (-33.42%) year-over-year from $1,570 to $1,045. 2-bedroom rentals prices have decreased by $47 (-2.57%) year-over-year from $1,842 to $1,795. 3-bedroom rentals prices have decreased by $917 (-20.76%) year-over-year from $4,417 to $3,500. 4-bedroom rentals prices have increased by $575 (8.61%) year-over-year from $6,675 to $7,250. 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 0.00% this month. 1-bedroom rents have gone down by 3.98% this month. 2-bedroom rents have gone down by 2.97% this month. 3-bedroom rents have gone down by 5.41% this month. 4-bedroom rents have gone up by 7.46% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$31.93	$1,137	$1,817 (-37.44%)	$1,475 (-22.96%)
1 BR	$19.07	$1,045	$1,570 (-33.42%)	$1,674 (-37.56%)
2 BR	$19.41	$1,795	$1,842 (-2.57%)	$1,607 (11.69%)
3 BR	$20.28	$3,500	$4,417 (-20.76%)	$3,728 (-6.12%)
4+ BR	$27.21	$7,250	$6,675 (8.61%)	$6,381 (13.62%)

Historical Rents in 78731, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 78731

There are a total of 20 cities nearby 78731. The average rent in 78731 is currently $1,917 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Killeen, TX, with an average rent of $1,198, 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 $2,800 per month.

Let's compare 78731, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 19.81% more affordable. Two bedrooms in 78731, Austin, TX are about 19.24% more expensive. Finally, rent for three bedrooms are about 45.83% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near 78731, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Wells Branch, TX	$1,773	$979	$1,425	$1,500
Jollyville, TX	N/A	$1,195	$1,425	$1,713
Manor, TX	N/A	$1,804	$2,330	$1,855
Austin, TX	$1,534	$1,410	$1,750	$1,930
Round Rock, TX	$1,186	$1,414	$1,445	$1,995
Lago Vista, TX	N/A	$1,498	$1,323	$1,997
Pflugerville, TX	N/A	$1,405	$1,612	$2,100
Cedar Park, TX	N/A	$1,131	$1,355	$2,150
Brushy Creek, TX	N/A	$1,514	$1,463	$2,288
Lakeway, TX	N/A	$981	$2,048	$2,800

Top Neighborhoods Near 78731

There are a total of 31 neighborhoods in or near 78731. Some of these neighborhoods include Hyde Park, Parker Lane, and St. Johns. We've included the top 30 neighborhoods out of 31 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 $1,834 per month. A total of 18 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $1,834. Interestingly, the neighborhoods' average rent is less than 78731's average rent, which is actually $1,923. Out of all the neighborhoods in or near 78731, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $3,460 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
Hyde Park, Austin, TX	$912	$998	$1,500	$1,200
Parker Lane, Austin, TX	$865	$1,065	$1,445	$1,265
St. Johns, Austin, TX	$819	$950	$1,250	$1,395
North University, Austin, TX	$825	$999	$1,675	$1,450
Highland, Austin, TX	$1,213	$1,330	$1,715	$1,493
West University, Austin, TX	$1,200	$980	$1,693	$1,495
Pleasant Valley, Austin, TX	N/A	$975	$1,881	$1,495
North Austin, Austin, TX	$985	$899	$1,300	$1,500
Garrison Park, Austin, TX	$920	$899	$1,424	$1,563
Windsor Park, Austin, TX	$914	$1,097	$1,349	$1,583
Riverside, Austin, TX	$1,226	$1,520	$1,861	$1,678
Crestview, Austin, TX	$1,260	$1,600	$1,875	$1,714
Hancock, Austin, TX	$1,372	$1,200	$1,845	$1,740
Brentwood, Austin, TX	$1,271	$1,096	$1,850	$1,750
North Burnet, Austin, TX	$1,408	$1,516	$2,280	$1,834
West Oak Hill, Austin, TX	N/A	$1,314	$1,695	$1,877
South River City, Austin, TX	$1,553	$1,438	$2,050	$1,902
Sweetbriar, Austin, TX	$1,840	$1,564	$2,095	$1,949
South Lamar, Austin, TX	$1,149	$1,700	$2,000	$1,957
North Loop, Austin, TX	$1,074	$1,258	$2,062	$1,960
Montropolis, Austin, TX	N/A	$1,850	$1,950	$2,000
RMMA, Austin, TX	$977	$1,724	$2,235	$2,032
East Cesar Chavez, Austin, TX	$1,564	$1,850	$2,668	$2,075
Old West Austin, Austin, TX	$1,681	$1,895	$2,865	$2,207
MLK-183, Austin, TX	$1,396	$1,504	$2,400	$2,300
MLK, Austin, TX	$1,965	$2,343	$2,537	$2,450
Govalle, Austin, TX	$1,486	$1,724	$2,464	$2,464
Central East Austin, Austin, TX	$1,425	$1,750	$2,895	$2,511
Zilker, Austin, TX	$1,855	$2,565	$2,800	$2,707
Downtown Austin, Austin, TX	$2,067	$2,490	$3,785	$3,460

Top Counties Near 78731

There are a total of 20 counties located by 78731, Austin, TX. Some of these counties include Austin, TX, Kyle-Buda, TX, and Northwest Travis, TX. The average rent for rentals in these counties is $1,947. That's roughly around $14 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Killeen, TX. Its average rent per month is $1,250. Vice versa, with an average rent of $2,798, Dripping Springs-Wimberley, TX is the most expensive county by 78731, Austin, TX.

Typically, rent for studios in 78731, Austin, TX is 6.78% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 78731, Austin, TX is 18.23% more affordable than other counties nearby. Finally, rent for two bedrooms in 78731, Austin, TX is 8.83% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Austin, TX	$1,543	$1,425	$1,795	$1,944
Kyle-Buda, TX	$1,830	$1,700	$1,853	$1,950
Northwest Travis, TX	$1,353	$1,249	$1,544	$1,968
Cedar Creek-Red Rock, TX	$1,000	$1,459	$1,679	$1,995
Round Rock-Georgetown, TX	$1,141	$1,361	$1,485	$2,050
Northeast Travis, TX	$1,119	$1,769	$1,666	$2,089
Taylor, TX	$1,863	$1,118	$1,550	$2,100
Cedar Park-Liberty Hill, TX	$1,514	$1,240	$1,650	$2,195
Southwest Travis, TX	N/A	$2,075	$1,895	$2,750
Dripping Springs-Wimberley, TX	$1,495	$1,258	$1,800	$2,798

Top Zipcodes Near 78731

There are a total of 46 zipcodes in or near 78731, Austin, TX. The average rent for all of these zipcodes is $1,898. A total of 27 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 $1,225 per month. In comparison, the zipcode with the most expensive average rent of $4,275 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,034. That's at least $25 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 $1,341 per month. Or in other words, $22 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,600 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	$1,050	$1,100	$1,695	$1,500
78704, Austin, TX	$1,553	$1,897	$2,349	$2,300
78758, Austin, TX	$1,374	$1,363	$1,550	$1,610
78701, Austin, TX	$2,067	$2,490	$3,785	$3,455
78751, Austin, TX	$912	$1,055	$1,900	$1,693
78723, Austin, TX	$1,144	$1,595	$1,600	$1,850
78752, Austin, TX	$1,092	$1,295	$1,467	$1,500
78757, Austin, TX	$1,278	$1,113	$1,499	$1,497
78702, Austin, TX	$1,551	$1,843	$2,626	$2,461
78745, Austin, TX	$1,197	$1,330	$1,595	$1,850

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 $1,923. 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 $1,137 and an average price per square feet of $31.93. There are a total of 2 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 $1,060 and an average price per square feet of $19.07. There are a total of 24 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 $1,800 and an average price per square feet of $19.41. There are a total of 47 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 -0.37%, one bedroom rental prices have changed by -0.33%, two bedroom rental prices have changed by -0.03%, three bedroom rental prices have changed by -0.21% year-over-year.

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

A reasonable rent price in 78731, Austin, TX is around $1,538/month. You can search for these reasonably priced rental listings on RentHop.