Average Rent in Austin, TX

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Current Versus Historical Austin, TX Rents

Austin rentals average $1,200 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $238 (-15.21%) year-over-year from $1,563 to $1,325. 1-bedroom rentals prices have decreased by $214 (-12.83%) year-over-year from $1,664 to $1,450. 2-bedroom rentals prices have decreased by $142 (-6.66%) year-over-year from $2,137 to $1,995. 3-bedroom rentals prices have increased by $143 (5.72%) year-over-year from $2,507 to $2,650. 4-bedroom rentals prices have increased by $768 (28.13%) year-over-year from $2,732 to $3,500. 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 7.85% this month. 1-bedroom rents have gone down by 11.08% this month. 2-bedroom rents have gone down by 2.29% this month. 3-bedroom rents have gone up by 2.87% this month. 4-bedroom rents have gone up by 7.18% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.82 $1,325 $1,563 (-15.21%) $1,389 (-4.58%)
1 BR $2.45 $1,450 $1,664 (-12.83%) $1,499 (-3.25%)
2 BR $1.97 $1,995 $2,137 (-6.66%) $1,799 (10.91%)
3 BR $1.75 $2,650 $2,507 (5.72%) $2,103 (25.99%)
4+ BR $1.64 $3,500 $2,732 (28.13%) $2,383 (46.85%)

Historical Rents in Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Austin

There are a total of 12 cities nearby Austin. The average rent in Austin is currently $2,196 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,750, is the most affordable city nearby. In contrast, the most expensive city near Austin, TX is Lakeway, TX. Monthly rents here are on average $3,800 per month.

Let's compare Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 26.32% more expensive. Two bedrooms in Austin, TX are about 16.17% more expensive. Finally, rent for three bedrooms are about 20.99% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,550 $1,973
Kyle, TX N/A $1,263 $1,450 $2,095
Manor, TX N/A N/A N/A $2,100
Cedar Park, TX N/A $1,374 $1,744 $2,195
Hutto, TX N/A N/A N/A $2,198
Round Rock, TX N/A N/A $1,650 $2,200
Leander, TX N/A $1,250 $1,700 $2,250
Pflugerville, TX N/A N/A $1,875 $2,288
Georgetown, TX N/A $1,223 $1,700 $2,296
Lakeway, TX N/A N/A $2,775 $3,800

Top Neighborhoods Near Austin

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

The average rent for these 9 neighborhoods in or near Austin, TX is currently around $2,395 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,395. Interestingly, the neighborhoods' average rent is higher than Austin's average rent, which is only $2,300. Out of all the neighborhoods in or near Austin, North University has the most affordable average rent at $1,300 per month. Whereas, at $3,425 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 $1,060 $1,250 $2,225 $1,300
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hancock, Austin, TX $1,248 $1,499 $1,900 $1,800
West Oak Hill, Austin, TX N/A $1,404 $2,013 $2,008
Hyde Park, Austin, TX $999 $1,180 $1,800 $2,395
South Lamar, Austin, TX $1,163 $2,000 $2,200 $2,425
North Loop, Austin, TX $1,200 $1,368 $1,900 $2,548
Zilker, Austin, TX N/A $2,288 $2,900 $3,075
Downtown Austin, Austin, TX $1,950 $2,750 $4,500 $3,425

Top Counties Near Austin

There are a total of 9 counties located by Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Northeast Travis, TX. The average rent for rentals in these counties is $2,295. That's roughly around $1 per sqft. A total of 9 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 Austin, TX.

In comparison, rent for one bedroom listings in Austin, TX is 5.26% more expensive than other counties nearby. Finally, rent for two bedrooms in Austin, TX is 10.38% more expensive 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 $1,550 $1,995
Kyle-Buda, TX N/A $1,263 $1,638 $2,150
Northeast Travis, TX N/A $1,657 $2,000 $2,250
Cedar Park-Liberty Hill, TX N/A $1,369 $1,788 $2,250
Austin, TX $1,200 $1,406 $1,995 $2,295
Taylor, TX N/A $1,431 $1,595 $2,295
Round Rock-Georgetown, TX N/A $1,300 $1,650 $2,300
Northwest Travis, TX N/A $1,350 $1,845 $2,785
Dripping Springs-Wimberley, TX N/A $1,200 $2,250 $2,995
Southwest Travis, TX N/A $1,424 $2,297 $3,295

Top Zipcodes Near Austin

There are a total of 38 zipcodes in or near Austin, TX. The average rent for all of these zipcodes is $2,298. A total of 23 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 $4,550 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 Austin, TX is $1,210 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,763 per month. Which comes out to $2 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 N/A $908 $1,550 $2,113
78613, Cedar Park, TX N/A $1,379 $1,776 $2,200
78704, Austin, TX $1,163 $1,900 $2,495 $2,950
78666, San Marcos, TX N/A $1,200 $1,550 $1,995
78758, Austin, TX N/A $1,560 $1,700 $1,750
78702, Austin, TX $1,278 $1,950 $2,975 $3,000
78626, Jarrell, TX N/A $1,145 $1,975 $2,250
78741, Austin, TX N/A $1,238 $1,795 $2,150
78701, Austin, TX $1,950 $2,725 $4,350 $3,400
78628, Round Rock-Georgetown, TX N/A N/A $1,399 $2,400

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 $2,300. 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 $1,200 and an average price per square feet of $2.82. There are a total of 64 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 $1,425 and an average price per square feet of $2.45. There are a total of 626 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 $1,995 and an average price per square feet of $1.97. There are a total of 903 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 -0.15%, one bedroom rental prices have changed by -0.13%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Austin, TX?
A reasonable rent price in Austin, TX is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.
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