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 $7,375 for a 4-bedroom rental. The median price of all currently available listings is $1,700, or roughly $21 per square feet.

For the apartment units and housing in September 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $681 (-37.48%) year-over-year from $1,818 to $1,137. 1-bedroom rentals prices have decreased by $261 (-16.97%) year-over-year from $1,536 to $1,275. 2-bedroom rentals prices have decreased by $141 (-7.65%) year-over-year from $1,841 to $1,700. 3-bedroom rentals prices have decreased by $1,422 (-32.19%) year-over-year from $4,417 to $2,995. 4-bedroom rentals prices have increased by $1,367 (23.23%) year-over-year from $5,883 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 up by 6.31% this month. 1-bedroom rents have gone up by 14.35% this month. 2-bedroom rents have gone down by 3.13% this month. 3-bedroom rents have gone down by 3.34% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$31.93	$1,137	$1,818 (-37.48%)	$1,307 (-13.01%)
1 BR	$20.08	$1,275	$1,536 (-16.97%)	$1,414 (-9.81%)
2 BR	$19.69	$1,700	$1,841 (-7.65%)	$1,580 (7.59%)
3 BR	$22.58	$2,995	$4,417 (-32.19%)	$3,281 (-8.73%)
4+ BR	$26.21	$7,250	$5,883 (23.23%)	$5,997 (20.89%)

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 $1,900 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Killeen, TX, with an average rent of $1,175, 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 $3,000 per month.

Let's compare 78731, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 20.00% more affordable. Two bedrooms in 78731, Austin, TX are about 9.04% more expensive. Finally, rent for three bedrooms are about 36.14% 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	$1,030	$1,400	$1,525
Jollyville, TX	N/A	$1,297	$1,473	$1,750
Austin, TX	$1,275	$1,450	$1,750	$1,870
Manor, TX	N/A	$1,804	$2,009	$1,900
Round Rock, TX	$1,130	$1,519	$1,513	$2,000
Cedar Park, TX	N/A	$1,149	$1,424	$2,053
Lago Vista, TX	N/A	$1,325	$1,100	$2,100
Pflugerville, TX	N/A	$1,170	$1,600	$2,150
Brushy Creek, TX	N/A	$1,481	$2,270	$2,395
Lakeway, TX	N/A	$981	$1,943	$3,000

Top Neighborhoods Near 78731

There are a total of 34 neighborhoods in or near 78731. Some of these neighborhoods include St. Johns, North University, and West University. We've included the top 30 neighborhoods out of 34 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 $1,862 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only nineteen neighborhoods have a higher average rent than $1,862. Interestingly, the neighborhoods' average rent is higher than 78731's average rent, which is only $1,700. Out of all the neighborhoods in or near 78731, St. Johns has the most affordable average rent at $1,177 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
St. Johns, Austin, TX	$897	$1,139	$1,484	$1,177
North University, Austin, TX	$880	$999	$1,550	$1,188
West University, Austin, TX	$1,145	$1,000	$1,573	$1,269
Hyde Park, Austin, TX	$875	$1,138	$1,695	$1,275
Parker Lane, Austin, TX	$701	$1,000	$1,535	$1,340
North Austin, Austin, TX	$985	$899	$1,313	$1,400
Highland, Austin, TX	$1,185	$1,335	$1,813	$1,495
Pleasant Valley, Austin, TX	N/A	$975	$1,500	$1,498
Brentwood, Austin, TX	$1,328	$1,502	$2,025	$1,640
Hancock, Austin, TX	$1,372	$1,200	$1,895	$1,642
Riverside, Austin, TX	$1,450	$1,635	$2,085	$1,717
Windsor Park, Austin, TX	$914	$1,595	$1,598	$1,720
South Lamar, Austin, TX	$1,177	$1,650	$1,925	$1,800
Sweetbriar, Austin, TX	$1,517	$1,460	$1,704	$1,843
Crestview, Austin, TX	$1,260	$1,700	$1,885	$1,855
North Burnet, Austin, TX	$1,400	$1,770	$2,434	$1,869
North Loop, Austin, TX	$1,074	$1,360	$1,895	$1,895
West Oak Hill, Austin, TX	N/A	$1,371	$1,773	$1,895
South River City, Austin, TX	$1,300	$1,450	$2,350	$1,900
East Cesar Chavez, Austin, TX	$1,543	$1,837	$2,622	$1,966
Montropolis, Austin, TX	$1,099	$1,750	$2,021	$2,012
Old West Austin, Austin, TX	$1,650	$1,946	$2,537	$2,044
RMMA, Austin, TX	$977	$1,908	$2,426	$2,167
Govalle, Austin, TX	$1,546	$1,766	$2,600	$2,193
MLK-183, Austin, TX	$1,396	$1,562	$2,100	$2,312
MLK, Austin, TX	$1,965	$2,310	$2,700	$2,450
West Austin, Austin, TX	$3,100	$1,717	$2,400	$2,550
Central East Austin, Austin, TX	$1,425	$1,900	$2,895	$2,600
Zilker, Austin, TX	$1,658	$2,530	$2,818	$2,751
Downtown Austin, Austin, TX	$2,067	$2,747	$3,850	$3,200

Top Counties Near 78731

There are a total of 20 counties located by 78731, Austin, TX. Some of these counties include Austin, TX, Cedar Creek-Red Rock, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $1,963. 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 Killeen, TX. Its average rent per month is $1,200. Vice versa, with an average rent of $2,900, 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 27.75% more affordable than other counties nearby. Finally, rent for two bedrooms in 78731, Austin, TX is 5.91% 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	$1,300	$1,464	$1,775	$1,885
Cedar Creek-Red Rock, TX	N/A	$1,459	$1,595	$1,950
Kyle-Buda, TX	$1,300	$1,599	$1,846	$1,975
Northwest Travis, TX	$1,563	$1,260	$1,529	$1,990
Round Rock-Georgetown, TX	$1,186	$1,494	$1,599	$2,095
Northeast Travis, TX	$1,119	$1,712	$1,656	$2,100
Cedar Park-Liberty Hill, TX	$1,378	$1,450	$1,763	$2,100
Taylor, TX	$2,500	$1,313	$1,488	$2,100
Southwest Travis, TX	N/A	$1,727	$1,861	$2,762
Dripping Springs-Wimberley, TX	N/A	$1,321	$1,750	$2,900

Top Zipcodes Near 78731

There are a total of 45 zipcodes in or near 78731, Austin, TX. The average rent for all of these zipcodes is $1,900. A total of 14 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 $1,195 per month. In comparison, the zipcode with the most expensive average rent of $3,950 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,077. 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 $1,418 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,615 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	$1,060	$1,097	$1,600	$1,295
78704, Austin, TX	$1,352	$1,848	$2,302	$2,250
78758, Austin, TX	$1,400	$1,402	$1,600	$1,685
78701, Austin, TX	$2,067	$2,744	$3,850	$3,200
78751, Austin, TX	$887	$1,200	$1,895	$1,671
78723, Austin, TX	$977	$1,695	$1,895	$1,988
78752, Austin, TX	$1,155	$1,165	$1,500	$1,291
78757, Austin, TX	$1,260	$1,161	$1,550	$1,550
78702, Austin, TX	$1,525	$1,865	$2,674	$2,358
78745, Austin, TX	$1,199	$1,361	$1,615	$1,775

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 $1,700. 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 $1,113 and an average price per square feet of $20.08. There are a total of 34 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 $1,700 and an average price per square feet of $19.69. There are a total of 43 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 -0.17%, two bedroom rental prices have changed by -0.08%, three bedroom rental prices have changed by -0.32% year-over-year.

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

A reasonable rent price in 78731, Austin, TX is around $1,360/month. You can search for these reasonably priced rental listings on RentHop.