Average Rent in 78745, Austin, TX

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Current Versus Historical 78745, Austin, TX Rents

78745 rentals average $888 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $407 (-28.74%) year-over-year from $1,417 to $1,010. 1-bedroom rentals prices have decreased by $362 (-21.25%) year-over-year from $1,702 to $1,340. 2-bedroom rentals prices have increased by $12 (0.68%) year-over-year from $1,738 to $1,750. 3-bedroom rentals prices have increased by $94 (3.99%) year-over-year from $2,362 to $2,457. 4-bedroom rentals prices have increased by $589 (23.01%) year-over-year from $2,561 to $3,150. 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 19.20% this month. 1-bedroom rents have gone down by 10.47% this month. 2-bedroom rents have gone up by 1.55% this month. 3-bedroom rents have gone up by 2.42% this month. 4-bedroom rents have gone up by 8.06% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.16 $1,010 $1,417 (-28.74%) $1,373 (-26.46%)
1 BR $1.96 $1,340 $1,702 (-21.25%) $1,425 (-5.94%)
2 BR $1.66 $1,750 $1,738 (0.68%) $1,566 (11.76%)
3 BR $1.76 $2,457 $2,362 (3.99%) $1,995 (23.14%)
4+ BR $1.78 $3,150 $2,561 (23.01%) $2,538 (24.14%)

Historical Rents in 78745, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78745

There are a total of 12 cities nearby 78745. The average rent in 78745 is currently $2,198 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,690, is the most affordable city nearby. In contrast, the most expensive city near 78745, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,500 per month.

Let's compare 78745, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 6.61% more expensive. Two bedrooms in 78745, Austin, TX are about 5.36% more expensive. Finally, rent for three bedrooms are about 14.61% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 78745, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,525 $1,995
Kyle, TX N/A $1,238 $1,425 $2,000
Cedar Park, TX N/A $1,350 $1,831 $2,150
Hutto, TX N/A N/A N/A $2,195
Leander, TX N/A $1,350 $1,663 $2,200
Georgetown, TX $1,252 $1,250 $1,557 $2,200
Round Rock, TX N/A N/A $1,695 $2,225
Austin, TX $1,137 $1,417 $1,948 $2,250
Pflugerville, TX N/A N/A $1,595 $2,275
Lakeway, TX N/A N/A $1,850 $3,500

Top Neighborhoods Near 78745

There are a total of 9 neighborhoods in or near 78745. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 9 neighborhoods in or near 78745, Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near 78745, Austin, TX is currently around $2,219 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,219. Interestingly, the neighborhoods' average rent is higher than 78745's average rent, which is only $2,000. Out of all the neighborhoods in or near 78745, North University has the most affordable average rent at $1,273 per month. Whereas, at $3,400 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78745. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,062 $1,250 $2,125 $1,273
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hancock, Austin, TX $1,350 $1,500 $1,900 $1,800
Garrison Park, Austin, TX N/A $1,150 $1,695 $1,875
Hyde Park, Austin, TX $1,010 $1,195 $2,000 $2,219
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,275
North Loop, Austin, TX $1,073 $1,400 $1,968 $2,495
Zilker, Austin, TX N/A $1,900 $2,950 $2,948
Downtown Austin, Austin, TX $1,750 $2,823 $3,500 $3,400

Top Counties Near 78745

There are a total of 9 counties located by 78745, Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Austin, TX. The average rent for rentals in these counties is $2,250. That's roughly around $1 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,950. Vice versa, with an average rent of $3,295, Southwest Travis, TX is the most expensive county by 78745, Austin, TX.

In comparison, rent for one bedroom listings in 78745, Austin, TX is 3.45% more affordable than other counties nearby. Finally, rent for two bedrooms in 78745, Austin, TX is 2.86% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,500 $1,995
Kyle-Buda, TX N/A $1,238 $1,648 $2,150
Austin, TX $1,137 $1,400 $1,950 $2,245
Northeast Travis, TX N/A $1,657 $1,875 $2,250
Cedar Park-Liberty Hill, TX N/A $1,350 $1,800 $2,250
Taylor, TX N/A $1,889 $1,450 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,603 $2,275
Northwest Travis, TX N/A $1,350 $1,825 $2,695
Dripping Springs-Wimberley, TX N/A $1,500 $2,225 $2,925
Southwest Travis, TX N/A $1,434 $2,073 $3,295

Top Zipcodes Near 78745

There are a total of 37 zipcodes in or near 78745, Austin, TX. The average rent for all of these zipcodes is $2,250. A total of 9 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78705, Austin, TX at $1,650 per month. In comparison, the zipcode with the most expensive average rent of $4,700 per month is 78746, West Lake Hills, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78745, Austin, TX is $1,200 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,778 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78745, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78130, New Braunfels, TX N/A $900 $1,800 $2,125
78613, Cedar Park, TX N/A $1,350 $1,831 $2,195
78704, Austin, TX $1,175 $1,625 $2,290 $2,875
78666, San Marcos, TX N/A $1,200 $1,525 $1,995
78758, Austin, TX N/A $1,545 $1,785 $1,795
78702, Austin, TX $1,268 $1,920 $2,995 $2,995
78741, Austin, TX $1,074 $1,230 $1,763 $1,995
78626, Jarrell, TX $1,252 $1,255 $1,575 $2,225
78701, Austin, TX $1,750 $2,750 $3,500 $3,395
78628, Round Rock-Georgetown, TX N/A $1,188 $1,325 $2,350

Frequently Asked Questions - 78745 Average Rents

What is the average rent price in 78745, Austin, TX?
The average monthly rental price for 78745, Austin, TX apartments for rent is approximately $2,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78745, 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 78745, Austin, TX.
How much is a studio apartment in 78745, Austin, TX?
The average monthly rental price for studio apartments is $888 and an average price per square feet of $2.16. There are a total of 4 studio apartment listings currently available for rent in 78745.
How much is a one bedroom apartment in 78745, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,305 and an average price per square feet of $1.96. There are a total of 23 one bedroom apartment listings currently available for rent in 78745.
How much is a two bedroom apartment in 78745, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,750 and an average price per square feet of $1.66. There are a total of 85 two bedroom apartment listings currently available for rent in 78745.
How have rent prices in 78745, Austin, TX changed this year?
Rent prices for rentals in 78745, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.29%, one bedroom rental prices have changed by -0.21%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in 78745, Austin, TX?
A reasonable rent price in 78745, Austin, TX is around $1,600/month. You can search for these reasonably priced rental listings on RentHop.
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