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 April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $252 (-16.76%) year-over-year from $1,502 to $1,250. 1-bedroom rentals prices have decreased by $798 (-38.05%) year-over-year from $2,098 to $1,300. 2-bedroom rentals prices have decreased by $187 (-8.68%) year-over-year from $2,149 to $1,963. 3-bedroom rentals prices have decreased by $285 (-9.25%) year-over-year from $3,080 to $2,795. 4-bedroom rentals prices have decreased by $182 (-4.81%) year-over-year from $3,782 to $3,600. 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 5.11% this month. 1-bedroom rents have gone down by 25.64% this month. 2-bedroom rents have gone down by 5.80% this month. 3-bedroom rents have gone up by 9.72% this month. 4-bedroom rents have gone up by 16.08% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.82 $1,250 $1,502 (-16.76%) $3,418 (-63.42%)
1 BR $2.64 $1,300 $2,098 (-38.05%) $1,482 (-12.28%)
2 BR $2.22 $1,963 $2,149 (-8.68%) $1,665 (17.87%)
3 BR $2.39 $2,795 $3,080 (-9.25%) $2,695 (3.71%)
4+ BR $2.37 $3,600 $3,782 (-4.81%) $3,229 (11.48%)

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 12 cities nearby Central Austin. The average rent in Central Austin is currently $2,199 per month. 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 Central Austin, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,500 per month.

Let's compare Central Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 3.47% more expensive. Two bedrooms in Central Austin, Austin, TX are about 15.61% more expensive. Finally, rent for three bedrooms are about 26.75% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Central Austin, 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
Hutto, TX N/A N/A N/A $2,195
Cedar Park, TX N/A $1,350 $1,831 $2,198
Georgetown, TX $1,252 $1,250 $1,564 $2,200
Leander, TX N/A $1,350 $1,663 $2,200
Austin, TX $1,137 $1,400 $1,948 $2,250
Round Rock, TX N/A N/A $1,695 $2,250
Pflugerville, TX N/A N/A $1,595 $2,295
Lakeway, TX N/A N/A $2,175 $3,500

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 Hancock. 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 $2,219 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,219. 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 $1,273 per month. Whereas, at $3,400 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 $1,062 $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 $1,850
Hyde Park, Austin, TX $1,010 $1,195 $1,880 $2,219
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,250
North Loop, Austin, TX $1,073 $1,400 $1,920 $2,495
Zilker, Austin, TX N/A $1,900 $2,950 $2,998
Downtown Austin, Austin, TX $1,750 $2,823 $3,500 $3,400

Top Counties Near Central Austin

There are a total of 9 counties located by Central Austin, 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. 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 $3,300, 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 8.28% 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 $1,500 $1,995
Kyle-Buda, TX N/A $1,238 $1,648 $2,163
Austin, TX $1,137 $1,400 $1,950 $2,250
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 $1,764 $1,450 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,625 $2,295
Northwest Travis, TX N/A $1,350 $1,800 $2,695
Dripping Springs-Wimberley, TX N/A $1,500 $2,225 $2,950
Southwest Travis, TX N/A $1,434 $2,083 $3,300

Top Zipcodes Near Central Austin

There are a total of 37 zipcodes in or near Central Austin, Austin, TX. The average rent for all of these zipcodes is $2,275.

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 $1,250 $2,008 $2,473
78703, Austin, TX $1,348 $1,773 $2,660 $3,000
78701, Austin, TX $1,750 $2,750 $3,500 $3,398
78756, Austin, TX $1,300 $1,448 $2,272 $1,850
78723, Austin, TX $700 $1,348 $1,525 $2,195
78702, Austin, TX $1,268 $1,910 $2,995 $2,995
78721, Austin, TX N/A $1,100 $2,335 $2,525
78704, Austin, TX $1,175 $1,625 $2,270 $2,850
78741, Austin, TX $1,074 $1,230 $1,785 $2,000

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 24 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 $2.64. There are a total of 226 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 $1,963 and an average price per square feet of $2.22. There are a total of 160 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 -0.17%, one bedroom rental prices have changed by -0.38%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by -0.09% 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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