Average Rent in Central Austin, Austin, TX

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Current Versus Historical Central Austin, Austin, TX Rents

Central Austin rentals average $1,200 for a studio rental to $4,100 for a 4-bedroom rental. The median price of all currently available listings is $1,650, 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 $160 (-10.98%) year-over-year from $1,455 to $1,295. 1-bedroom rentals prices have decreased by $520 (-29.39%) year-over-year from $1,770 to $1,250. 2-bedroom rentals prices have increased by $38 (1.93%) year-over-year from $1,957 to $1,995. 3-bedroom rentals prices have increased by $515 (21.57%) year-over-year from $2,386 to $2,900. 4-bedroom rentals prices have increased by $1,832 (86.47%) year-over-year from $2,118 to $3,950. 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 2.20% this month. 1-bedroom rents have gone down by 25.90% this month. 2-bedroom rents have gone down by 4.74% this month. 3-bedroom rents have gone up by 4.88% this month. 4-bedroom rents have gone down by 1.62% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.82 $1,295 $1,455 (-10.98%) $2,335 (-44.54%)
1 BR $2.61 $1,250 $1,770 (-29.39%) $1,566 (-20.19%)
2 BR $2.23 $1,995 $1,957 (1.93%) $1,648 (21.03%)
3 BR $2.42 $2,900 $2,386 (21.57%) $2,408 (20.46%)
4+ BR $2.31 $3,950 $2,118 (86.47%) $2,566 (53.97%)

Historical Rents in Central Austin, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Central Austin

There are a total of 13 cities nearby Central Austin. The average rent in Central Austin is currently $2,195 per month. 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 Central Austin, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,800 per month.

Let's compare Central Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 4.95% more expensive. Two bedrooms in Central Austin, Austin, TX are about 15.38% more expensive. Finally, rent for three bedrooms are about 27.46% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near Central Austin, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Kyle, TX N/A $1,250 $1,425 $2,083
Manor, TX N/A N/A N/A $2,100
Cedar Park, TX N/A $1,379 $1,757 $2,195
Hutto, TX N/A N/A N/A $2,195
Round Rock, TX N/A N/A $1,650 $2,200
Leander, TX N/A $1,300 $1,700 $2,250
Georgetown, TX $1,252 $1,250 $1,575 $2,250
Austin, TX $1,185 $1,420 $1,950 $2,275
Pflugerville, TX N/A N/A $1,875 $2,275
Lakeway, TX N/A N/A $2,500 $3,800

Top Neighborhoods Near Central Austin

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

The average rent for these 9 neighborhoods in or near Central Austin, Austin, TX is currently around $2,013 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,013. Interestingly, the neighborhoods' average rent is higher than Central Austin's average rent, which is only $1,650. Out of all the neighborhoods in or near Central Austin, North University has the most affordable average rent at $1,300 per month. Whereas, at $3,398 average rent per month, Downtown Austin is the most expensive neighborhood in or near Central Austin. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,030 $1,250 $2,150 $1,300
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hyde Park, Austin, TX $999 $1,194 $1,699 $1,760
Hancock, Austin, TX $1,295 $1,499 $1,900 $1,800
West Oak Hill, Austin, TX N/A $1,414 $2,008 $2,013
South Lamar, Austin, TX $1,175 $1,900 $2,198 $2,400
North Loop, Austin, TX $1,205 $1,368 $1,900 $2,500
Zilker, Austin, TX N/A $1,850 $2,900 $2,998
Downtown Austin, Austin, TX $1,950 $2,700 $4,000 $3,398

Top Counties Near Central Austin

There are a total of 9 counties located by Central Austin, Austin, TX. Some of these counties include Cedar Creek-Red Rock, 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. The county that is the most affordable is Lockhart, TX. It's average rent per month is $1,725. Vice versa, with an average rent of $3,298, Southwest Travis, TX is the most expensive county by Central Austin, Austin, TX.

In comparison, rent for one bedroom listings in Central Austin, Austin, TX is 6.93% more affordable than other counties nearby. Finally, rent for two bedrooms in Central Austin, Austin, TX is 8.36% 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 Creek-Red Rock, TX N/A N/A $2,600 $2,095
Kyle-Buda, TX N/A $1,250 $1,638 $2,150
Austin, TX $1,175 $1,400 $1,950 $2,250
Northeast Travis, TX N/A $1,657 $2,000 $2,250
Cedar Park-Liberty Hill, TX N/A $1,379 $1,787 $2,250
Round Rock-Georgetown, TX $1,252 $1,259 $1,625 $2,295
Taylor, TX N/A $1,704 $1,610 $2,295
Northwest Travis, TX N/A $1,395 $1,800 $2,750
Dripping Springs-Wimberley, TX N/A $1,350 $2,225 $2,975
Southwest Travis, TX N/A $1,424 $2,178 $3,298

Top Zipcodes Near Central Austin

There are a total of 40 zipcodes in or near Central Austin, Austin, TX. The average rent for all of these zipcodes is $2,300.

The following chart includes the top 10 zipcodes in Central Austin, 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 $1,200 $1,250 $1,950 $1,650
78751, Austin, TX $1,045 $1,200 $1,900 $2,395
78703, Austin, TX $1,300 $1,750 $2,900 $2,998
78701, Austin, TX $1,950 $2,698 $3,950 $3,350
78756, Austin, TX $1,300 $1,478 $2,272 $1,800
78723, Austin, TX $700 $1,220 $1,583 $2,200
78702, Austin, TX $1,278 $1,925 $2,900 $2,995
78752, Austin, TX N/A $1,330 $1,775 $2,048
78721, Austin, TX N/A $1,100 $2,500 $2,700
78704, Austin, TX $1,338 $1,650 $2,375 $2,925

Frequently Asked Questions - Central Austin Average Rents

What is the average rent price in Central Austin, Austin, TX?
The average monthly rental price for Central Austin, Austin, TX apartments for rent is approximately $1,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Central Austin, 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 Central Austin, Austin, TX.
How much is a studio apartment in Central Austin, 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 26 studio apartment listings currently available for rent in Central Austin.
How much is a one bedroom apartment in Central Austin, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,263 and an average price per square feet of $2.61. There are a total of 220 one bedroom apartment listings currently available for rent in Central Austin.
How much is a two bedroom apartment in Central Austin, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $2.23. There are a total of 164 two bedroom apartment listings currently available for rent in Central Austin.
How have rent prices in Central Austin, Austin, TX changed this year?
Rent prices for rentals in Central Austin, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by -0.29%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.22% year-over-year.
What is a reasonable rent price in Central Austin, Austin, TX?
A reasonable rent price in Central Austin, Austin, TX is around $1,320/month. You can search for these reasonably priced rental listings on RentHop.
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