Average Rent in Austin, TX

Home  »  TX  »  Austin

Current Versus Historical Austin, TX Rents

Austin rentals average $1,335 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $1,834, or roughly $25 per square feet.
For the apartment units and housing in March 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $13 (-0.87%) year-over-year from $1,493 to $1,480. 1-bedroom rentals prices have increased by $9 (0.58%) year-over-year from $1,616 to $1,625. 2-bedroom rentals prices have increased by $130 (6.67%) year-over-year from $1,955 to $2,085. 3-bedroom rentals prices have increased by $177 (7.37%) year-over-year from $2,398 to $2,575. 4-bedroom rentals prices have increased by $296 (9.86%) year-over-year from $2,999 to $3,295. 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 5.31% this month. 1-bedroom rents have gone down by 3.00% this month. 2-bedroom rents have gone down by 2.64% this month. 3-bedroom rents have gone up by 1.98% this month. 4-bedroom rents have gone up by 15.01% this month.
Beds
Price / Sqft
Mar 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $35 $1,480 $1,493 (-0.87%) $1,018 (45.34%)
1 BR $28 $1,625 $1,616 (0.58%) $1,236 (31.49%)
2 BR $23 $2,085 $1,955 (6.67%) $1,553 (34.29%)
3 BR $21 $2,575 $2,398 (7.37%) $1,891 (36.18%)
4+ BR $20 $3,295 $2,999 (9.86%) $2,167 (52.08%)

Historical Rents in Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Austin

There are a total of 9 cities nearby Austin. The average rent in Austin is currently $1,845 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that San Marcos, TX, with an average rent of $1,500, is the most affordable city nearby. In contrast, the most expensive city near Austin, TX is Kyle, TX. Monthly rents here are on average $2,195 per month.

Let's compare Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Austin, TX is 17.65% more expensive than other cities nearby. One bedrooms are about 7.53% more expensive. Two bedrooms in Austin, TX are about 10.26% more expensive. Finally, rent for three bedrooms are about 15.83% more expensive. Want more information? Check out the top 9 cities near Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,059 $1,400 $1,500
Cedar Park, TX N/A $1,413 $1,844 $1,562
Canyon Lake, TX N/A $1,200 $1,495 $1,650
New Braunfels, TX $1,099 $1,231 $1,600 $1,825
Round Rock, TX $1,295 $1,350 $1,750 $1,845
Leander, TX $1,298 $1,395 $1,800 $1,925
Georgetown, TX $1,386 $1,464 $1,745 $1,950
Pflugerville, TX $2,322 $1,469 $1,919 $1,988
Kyle, TX N/A $1,383 $2,095 $2,195

Top Neighborhoods Near Austin

There are a total of 11 neighborhoods in or near Austin. Some of these neighborhoods include North University, Hyde Park, and Pleasant Valley. We've included all of these top 11 neighborhoods in or near Austin, TX in the following chart.

The average rent for these 11 neighborhoods in or near Austin, TX is currently around $1,850 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $1,850. Interestingly, the neighborhoods' average rent is higher than Austin's average rent, which is only $1,834. Out of all the neighborhoods in or near Austin, North University has the most affordable average rent at $1,450 per month. Whereas, at $2,995 average rent per month, Downtown Austin is the most expensive neighborhood in or near Austin. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,145 $1,357 $2,100 $1,450
Hyde Park, Austin, TX $1,140 $1,290 $1,700 $1,488
Pleasant Valley, Austin, TX N/A $1,450 $1,701 $1,650
Riverside, Austin, TX $1,326 $1,455 $2,197 $1,699
North Loop, Austin, TX $1,585 $1,495 $1,983 $1,774
West University, Austin, TX $1,298 $1,395 $1,850 $1,850
North Burnet, Austin, TX $1,510 $1,683 $2,369 $1,856
Barton Hills, Austin, TX $1,212 $1,785 $1,928 $1,870
Hancock, Austin, TX $1,175 $1,400 $1,750 $1,919
Zilker, Austin, TX $1,840 $1,550 $2,972 $2,150
Downtown Austin, Austin, TX $2,048 $2,649 $3,824 $2,995

Top Counties Near Austin

There are a total of 11 counties located by Austin, TX. Some of these counties include San Marcos, TX, Northwest Travis, TX, and Austin, TX. The average rent for rentals in these counties is $1,885. That's roughly around $17 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is San Marcos, TX. It's average rent per month is $1,595. Vice versa, with an average rent of $2,995, Southwest Travis, TX is the most expensive county by Austin, TX.

In comparison, rent for one bedroom listings in Austin, TX is 5.95% more expensive than other counties nearby. Finally, rent for two bedrooms in Austin, TX is 6.67% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,059 $1,400 $1,595
Northwest Travis, TX N/A $1,325 $1,695 $1,800
Austin, TX $1,348 $1,508 $2,000 $1,850
Cedar Park-Liberty Hill, TX $1,300 $1,406 $1,830 $1,875
Round Rock-Georgetown, TX $1,276 $1,378 $1,764 $1,885
Northeast Travis, TX $1,379 $1,416 $1,820 $1,951
Taylor, TX N/A $1,416 $1,655 $2,150
Kyle-Buda, TX N/A $1,383 $2,095 $2,250
Dripping Springs-Wimberley, TX N/A $1,463 $1,995 $2,850
Southwest Travis, TX N/A $1,509 $1,831 $2,995

Top Zipcodes Near Austin

There are a total of 32 zipcodes in or near Austin, TX. The average rent for all of these zipcodes is $1,862. A total of 14 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78728, Round Rock-Georgetown, TX at $1,495 per month. In comparison, the zipcode with the most expensive average rent of $2,995 per month is 78701, Austin, TX.

Studios in these zipcodes have an average rent of $1,127. That's at least $31 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Austin, TX is $1,413 per month. Or in other words, $25 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,835 per month. Which comes out to $20 per sqft. The following chart includes the top 10 zipcodes in 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 $1,099 $1,223 $1,595 $1,850
78704, Austin, TX $1,335 $1,703 $2,440 $2,057
78758, Austin, TX $1,482 $1,602 $2,256 $1,770
78705, Austin, TX $1,201 $1,395 $1,850 $1,800
78741, Austin, TX $1,338 $1,450 $1,765 $1,683
78701, Austin, TX $2,048 $2,650 $3,780 $2,995
78745, Austin, TX $1,092 $1,490 $1,847 $1,812
78613, Cedar Park, TX N/A $1,410 $1,844 $1,562
78641, Leander, TX $1,298 $1,395 $1,800 $2,000
78702, Austin, TX $1,695 $1,850 $2,710 $2,350

Frequently Asked Questions - Austin Average Rents

What is the average rent price in Austin, TX?
The average monthly rental price for Austin, TX apartments for rent is approximately $1,834. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Austin, TX.
How much is a studio apartment in Austin, TX?
The average monthly rental price for studio apartments is $1,335 and an average price per square feet of $35.32. There are a total of 202 studio apartment listings currently available for rent in Austin.
How much is a one bedroom apartment in Austin, TX?
The average monthly rental price for one bedroom apartments is $1,495 and an average price per square feet of $27.83. There are a total of 982 one bedroom apartment listings currently available for rent in Austin.
How much is a two bedroom apartment in Austin, TX?
The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $23.06. There are a total of 1,031 two bedroom apartment listings currently available for rent in Austin.
How have rent prices in Austin, TX changed this year?
Rent prices for rentals in Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in Austin, TX?
A reasonable rent price in Austin, TX is around $1,467/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2023 RentHop.com™