Average Rent in Austin, TX

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Current Versus Historical Austin, TX Rents

Austin rentals average $1,165 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $1,875, or roughly $2 per square feet.
For the apartment units and housing in February 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $236 (-14.42%) year-over-year from $1,634 to $1,399. 1-bedroom rentals prices have decreased by $270 (-15.37%) year-over-year from $1,757 to $1,487. 2-bedroom rentals prices have decreased by $407 (-18.12%) year-over-year from $2,248 to $1,841. 3-bedroom rentals prices have decreased by $111 (-4.35%) year-over-year from $2,561 to $2,450. 4-bedroom rentals prices have increased by $9 (0.30%) year-over-year from $2,854 to $2,863. 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 4.59% this month. 1-bedroom rents have gone down by 8.74% this month. 2-bedroom rents have gone down by 6.03% this month. 3-bedroom rents have gone down by 1.67% this month. 4-bedroom rents have gone up by 11.71% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.65 $1,399 $1,634 (-14.42%) $1,337 (4.60%)
1 BR $2.07 $1,487 $1,757 (-15.37%) $1,404 (5.94%)
2 BR $1.91 $1,841 $2,248 (-18.12%) $1,749 (5.25%)
3 BR $1.73 $2,450 $2,561 (-4.35%) $2,092 (17.14%)
4+ BR $1.67 $2,863 $2,854 (0.30%) $2,527 (13.29%)

Historical Rents in Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Austin

There are a total of 5 cities nearby Austin. The average rent in Austin is currently $1,800 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Cedar Park, TX, with an average rent of $1,492, is the most affordable city nearby. In contrast, the most expensive city near Austin, TX is New Braunfels, TX. Monthly rents here are on average $1,895 per month.

Let's compare Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 17.11% more expensive. Two bedrooms in Austin, TX are about 19.98% more expensive. Finally, rent for three bedrooms are about 22.00% more expensive. Want more information? Check out the top 5 cities near Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Cedar Park, TX N/A $1,275 $1,685 $1,492
Canyon Lake, TX N/A $1,235 $1,700 $1,750
Georgetown, TX $1,252 $1,267 $1,575 $1,800
San Marcos, TX N/A $995 $1,450 $1,850
New Braunfels, TX N/A $1,205 $1,600 $1,895

Top Neighborhoods Near Austin

There are a total of 2 neighborhoods in or near Austin. We've included all of these top 2 neighborhoods in or near Austin, TX in the following chart.

The average rent for these 2 neighborhoods in or near Austin, TX is currently around $2,308 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Austin's average rent, which is only $1,875. Out of all the neighborhoods in or near Austin, North Burnet has the most affordable average rent at $1,779 per month. Whereas, at $2,837 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 Burnet, Austin, TX $1,440 $1,569 $2,521 $1,779
Downtown Austin, Austin, TX N/A $2,413 $3,780 $2,837

Top Counties Near Austin

There are a total of 2 counties located by Austin, TX. Some of these counties include Cedar Park-Liberty Hill, TX, Southwest Travis, TX, and San Marcos, TX. The average rent for rentals in these counties is $1,825. That's roughly around $1 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Cedar Park-Liberty Hill, TX. It's average rent per month is $1,595. Vice versa, with an average rent of $2,100, Kyle-Buda, TX is the most expensive county by Austin, TX.

In comparison, rent for one bedroom listings in Austin, TX is 13.67% more expensive than other counties nearby. Finally, rent for two bedrooms in Austin, TX is 17.92% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Cedar Park-Liberty Hill, TX N/A $1,284 $1,683 $1,595
Southwest Travis, TX N/A $1,292 $1,772 $1,764
San Marcos, TX N/A $995 $1,450 $1,788
Round Rock-Georgetown, TX $1,169 $1,289 $1,595 $1,800
Northeast Travis, TX N/A $1,355 $1,811 $1,850
Austin, TX $1,199 $1,523 $2,014 $1,900
New Braunfels, TX N/A $1,222 $1,600 $1,945
Kyle-Buda, TX N/A N/A N/A $2,100

Top Zipcodes Near Austin

There are a total of 9 zipcodes in or near Austin, TX. The average rent for all of these zipcodes is $1,862. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78613, Cedar Park, TX at $1,528 per month. In comparison, the zipcode with the most expensive average rent of $2,837 per month is 78701, Austin, TX.

Studios in these zipcodes have an average rent of $1,165. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Austin, TX is $1,470 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,758 per month. Which comes out to $2 per sqft. The following chart includes the top 9 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 N/A $1,205 $1,600 $1,900
78613, Cedar Park, TX N/A $1,274 $1,680 $1,528
78704, Austin, TX $1,165 $1,846 $2,607 $2,390
78666, San Marcos, TX N/A $995 $1,450 $1,850
78758, Austin, TX $1,420 $1,528 $2,267 $1,704
78702, Austin, TX $1,447 $1,900 $2,640 $2,128
78626, Jarrell, TX $1,252 $1,277 $1,575 $1,862
78741, Austin, TX $1,199 $1,470 $1,758 $1,675
78701, Austin, TX N/A $2,413 $3,780 $2,837

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 $1,875. 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 $1,165 and an average price per square feet of $2.65. There are a total of 29 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 $1,490 and an average price per square feet of $2.07. There are a total of 345 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 $2,000 and an average price per square feet of $1.91. There are a total of 306 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 -0.14%, one bedroom rental prices have changed by -0.15%, two bedroom rental prices have changed by -0.18%, and three bedroom rental prices have changed by -0.04% year-over-year.
What is a reasonable rent price in Austin, TX?
A reasonable rent price in Austin, TX is around $1,500/month. You can search for these reasonably priced rental listings on RentHop.
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