Average Rent in Downtown Austin, Austin, TX

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Current Versus Historical Downtown Austin, Austin, TX Rents

Downtown Austin rentals average $2,067 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $3,200, or roughly $42 per square feet.

For the apartment units and housing in September 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $890 (-46.59%) year-over-year from $1,910 to $1,020. 1-bedroom rentals prices have increased by $136 (4.97%) year-over-year from $2,739 to $2,875. 2-bedroom rentals prices have increased by $185 (4.98%) year-over-year from $3,715 to $3,900. 3-bedroom rentals prices have increased by $10,327 (134.57%) year-over-year from $7,674 to $18,000. 4-bedroom rentals prices have increased by $17,883 (844.88%) year-over-year from $2,117 to $20,000. 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 41.55% this month. 1-bedroom rents have gone up by 6.15% this month. 2-bedroom rents have gone up by 0.34% this month. 3-bedroom rents have gone up by 55.27% this month. 4-bedroom rents have gone up by 100.32% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$53.33	$1,020	$1,910 (-46.59%)	$1,924 (-46.97%)
1 BR	$44.60	$2,875	$2,739 (4.97%)	$2,414 (19.12%)
2 BR	$35.68	$3,900	$3,715 (4.98%)	$3,514 (10.98%)
3 BR	$59.89	$18,000	$7,674 (134.57%)	$7,433 (142.15%)
4+ BR	$46.64	$20,000	$2,117 (844.88%)	$2,900 (589.66%)

Historical Rents in Downtown Austin, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Austin

There are a total of 19 cities nearby Downtown Austin. The average rent in Downtown Austin is currently $1,900 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,468, is the most affordable city nearby. In contrast, the most expensive city near Downtown Austin, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,000 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 51.04% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 58.96% more expensive. Finally, rent for three bedrooms are about 77.56% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Downtown Austin, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Wells Branch, TX	$1,773	$1,030	$1,400	$1,525
Jollyville, TX	N/A	$1,297	$1,473	$1,750
Austin, TX	$1,275	$1,450	$1,750	$1,870
Manor, TX	N/A	$1,804	$2,009	$1,900
Round Rock, TX	$1,130	$1,519	$1,513	$2,000
Cedar Park, TX	N/A	$1,149	$1,424	$2,053
Lago Vista, TX	N/A	$1,325	$1,100	$2,100
Pflugerville, TX	N/A	$1,170	$1,600	$2,150
Brushy Creek, TX	N/A	$1,481	$2,270	$2,395
Lakeway, TX	N/A	$981	$1,943	$3,000

Top Neighborhoods Near Downtown Austin

There are a total of 33 neighborhoods in or near Downtown Austin. Some of these neighborhoods include St. Johns, North University, and West University. We've included the top 30 neighborhoods out of 33 total neighborhoods in or near Downtown Austin, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near Downtown Austin, Austin, TX is currently around $1,855 per month. A total of 33 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Downtown Austin's average rent, which is actually $3,200. Out of all the neighborhoods in or near Downtown Austin, St. Johns has the most affordable average rent at $1,177 per month. Whereas, at $2,751 average rent per month, Zilker is the most expensive neighborhood in or near Downtown Austin. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
St. Johns, Austin, TX	$897	$1,139	$1,484	$1,177
North University, Austin, TX	$880	$999	$1,550	$1,188
West University, Austin, TX	$1,145	$1,000	$1,573	$1,269
Hyde Park, Austin, TX	$875	$1,138	$1,695	$1,275
Parker Lane, Austin, TX	$701	$1,000	$1,535	$1,340
Highland, Austin, TX	$1,185	$1,335	$1,813	$1,495
Pleasant Valley, Austin, TX	N/A	$975	$1,500	$1,498
Brentwood, Austin, TX	$1,328	$1,502	$2,025	$1,640
Hancock, Austin, TX	$1,372	$1,200	$1,895	$1,642
East Oak Hill, Austin, TX	$1,210	$1,438	$1,645	$1,650
Riverside, Austin, TX	$1,450	$1,635	$2,085	$1,717
Windsor Park, Austin, TX	$914	$1,595	$1,598	$1,720
Garrison Park, Austin, TX	$920	$899	$1,550	$1,795
South Lamar, Austin, TX	$1,177	$1,650	$1,925	$1,800
Sweetbriar, Austin, TX	$1,517	$1,460	$1,704	$1,843
Crestview, Austin, TX	$1,260	$1,700	$1,885	$1,855
North Loop, Austin, TX	$1,074	$1,360	$1,895	$1,895
South River City, Austin, TX	$1,300	$1,450	$2,350	$1,900
East Cesar Chavez, Austin, TX	$1,543	$1,837	$2,622	$1,966
Pecan Springs Springdale, Austin, TX	$1,720	$1,595	$1,495	$1,995
Montropolis, Austin, TX	$1,099	$1,750	$2,021	$2,012
Old West Austin, Austin, TX	$1,650	$1,946	$2,537	$2,044
RMMA, Austin, TX	$977	$1,908	$2,426	$2,167
Govalle, Austin, TX	$1,546	$1,766	$2,600	$2,193
MLK-183, Austin, TX	$1,396	$1,562	$2,100	$2,312
MLK, Austin, TX	$1,965	$2,310	$2,700	$2,450
West Austin, Austin, TX	$3,100	$1,717	$2,400	$2,550
Central East Austin, Austin, TX	$1,425	$1,900	$2,895	$2,600
Bouldin Creek, Austin, TX	$1,338	$2,215	$2,986	$2,650
Zilker, Austin, TX	$1,658	$2,530	$2,818	$2,751

Top Counties Near Downtown Austin

There are a total of 20 counties located by Downtown Austin, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $1,963. That's roughly around $15 per sqft. A total of 20 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,201. Vice versa, with an average rent of $2,900, Dripping Springs-Wimberley, TX is the most expensive county by Downtown Austin, Austin, TX.

Typically, rent for studios in Downtown Austin, Austin, TX is 51.95% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Austin, Austin, TX is 48.26% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Austin, Austin, TX is 58.45% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Lockhart, TX	N/A	$1,345	$1,250	$1,500
Austin, TX	$1,300	$1,464	$1,775	$1,885
Cedar Creek-Red Rock, TX	N/A	$1,459	$1,595	$1,950
Kyle-Buda, TX	$1,300	$1,599	$1,846	$1,975
Northwest Travis, TX	$1,563	$1,260	$1,529	$1,990
Round Rock-Georgetown, TX	$1,186	$1,494	$1,599	$2,095
Northeast Travis, TX	$1,119	$1,712	$1,656	$2,100
Cedar Park-Liberty Hill, TX	$1,378	$1,450	$1,763	$2,100
Southwest Travis, TX	N/A	$1,727	$1,861	$2,762
Dripping Springs-Wimberley, TX	N/A	$1,321	$1,750	$2,900

Top Zipcodes Near Downtown Austin

There are a total of 49 zipcodes in or near Downtown Austin, Austin, TX. The average rent for all of these zipcodes is $1,895. A total of 47 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78217, San Antonio, TX at $1,110 per month. In comparison, the zipcode with the most expensive average rent of $3,950 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,077. That's at least $25 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Austin, Austin, TX is $1,402 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,606 per month. Which comes out to $18 per sqft. The following table includes the top 10 zipcodes in Downtown Austin, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
78701, Austin, TX	$2,067	$2,744	$3,850	$3,200
78705, Austin, TX	$1,060	$1,097	$1,600	$1,295
78703, Austin, TX	$1,666	$1,923	$2,473	$2,313
78702, Austin, TX	$1,525	$1,865	$2,674	$2,358
78704, Austin, TX	$1,352	$1,848	$2,302	$2,250
78722, Austin, TX	$1,393	$1,200	$1,299	$1,525
78741, Austin, TX	$1,024	$1,495	$1,845	$1,717
78721, Austin, TX	$2,090	$2,185	$2,300	$2,322
78751, Austin, TX	$887	$1,200	$1,895	$1,671
78756, Austin, TX	$1,399	$1,555	$1,925	$1,695

Frequently Asked Questions - Downtown Austin Average Rents

What is the average rent price in Downtown Austin, Austin, TX?

The average monthly rental price for Downtown Austin, Austin, TX apartments for rent is approximately $3,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown 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 Downtown Austin, Austin, TX.

How much is a studio apartment in Downtown Austin, Austin, TX?

The average monthly rental price for studio apartments is $2,067 and an average price per square feet of $53.33. There are a total of 17 studio apartment listings currently available for rent in Downtown Austin.

How much is a one bedroom apartment in Downtown Austin, Austin, TX?

The average monthly rental price for one bedroom apartments is $2,747 and an average price per square feet of $44.60. There are a total of 206 one bedroom apartment listings currently available for rent in Downtown Austin.

How much is a two bedroom apartment in Downtown Austin, Austin, TX?

The average monthly rental price for two bedroom apartments is $3,850 and an average price per square feet of $35.68. There are a total of 151 two bedroom apartment listings currently available for rent in Downtown Austin.

How have rent prices in Downtown Austin, Austin, TX changed this year?

Rent prices for rentals in Downtown Austin, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.47%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.05%, three bedroom rental prices have changed by 1.35% year-over-year.

What is a reasonable rent price in Downtown Austin, Austin, TX?

A reasonable rent price in Downtown Austin, Austin, TX is around $2,560/month. You can search for these reasonably priced rental listings on RentHop.