Average Rent in Downtown Austin, Austin, TX

Current Versus Historical Downtown Austin, Austin, TX Rents

Downtown Austin rentals average $1,825 for a studio rental to $41,988 for a 4-bedroom rental. The median price of all currently available listings is $3,295, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $5 (-0.25%) year-over-year from $1,955 to $1,950. 1-bedroom rentals prices have increased by $402 (16.80%) year-over-year from $2,393 to $2,795. 2-bedroom rentals prices have increased by $432 (12.12%) year-over-year from $3,568 to $4,001. 3-bedroom rentals prices have increased by $685 (9.30%) year-over-year from $7,366 to $8,051. 4-bedroom rentals prices have increased by $13,000 (1,333.33%) year-over-year from $975 to $13,975. 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 0.04% this month. 1-bedroom rents have gone up by 4.43% this month. 2-bedroom rents have gone up by 2.48% this month. 3-bedroom rents have gone up by 5.38% this month. 4-bedroom rents have gone down by 28.12% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.17	$1,950	$1,955 (-0.25%)	$1,786 (9.20%)
1 BR	$3.78	$2,795	$2,393 (16.80%)	$2,466 (13.33%)
2 BR	$3.84	$4,001	$3,568 (12.12%)	$3,517 (13.74%)
3 BR	$4.95	$8,051	$7,366 (9.30%)	$6,173 (30.42%)
4+ BR	$5.14	$13,975	$975 (1,333.33%)	$975 (1,333.33%)

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 15 cities nearby Downtown Austin. The average rent in Downtown Austin is currently $2,145 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that San Marcos, TX, with an average rent of $1,863, 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 $3,088 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 67.22% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 64.56% more expensive. Finally, rent for three bedrooms are about 78.23% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Downtown Austin, Austin, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Kyle, TX	N/A	$1,362	$1,705	$2,000
Lago Vista, TX	N/A	$949	$1,500	$2,049
Jollyville, TX	N/A	N/A	$1,450	$2,050
Round Rock, TX	N/A	N/A	$1,595	$2,100
Manor, TX	N/A	N/A	$2,033	$2,150
Cedar Park, TX	N/A	$1,251	$1,681	$2,150
Pflugerville, TX	N/A	N/A	$1,413	$2,250
Austin, TX	$1,149	$1,400	$1,950	$2,300
Brushy Creek, TX	N/A	N/A	$1,750	$2,550
Lakeway, TX	N/A	N/A	$1,875	$3,088

Top Neighborhoods Near Downtown Austin

There are a total of 15 neighborhoods in or near Downtown Austin. Some of these neighborhoods include North University, Hyde Park, and North Burnet. We've included all of these top 15 neighborhoods in or near Downtown Austin, Austin, TX in the following chart.

The average rent for these 15 neighborhoods in or near Downtown Austin, Austin, TX is currently around $2,095 per month. A total of 15 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown Austin, North University has the most affordable average rent at $1,250 per month. Whereas, at $2,998 average rent per month, South River City is the most expensive neighborhood in or near Downtown Austin. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North University, Austin, TX	$995	$1,250	$2,100	$1,250
Hyde Park, Austin, TX	$1,038	$1,025	$1,850	$1,375
North Burnet, Austin, TX	$1,171	$1,415	$2,165	$1,434
West University, Austin, TX	$1,195	$1,250	$1,700	$1,550
Hancock, Austin, TX	$1,300	$1,299	$1,899	$1,575
Buttercup Creek, Cedar Park, TX	N/A	$1,238	$1,626	$1,815
North Austin, Austin, TX	N/A	$1,000	$1,595	$1,895
Parker Lane, Austin, TX	N/A	$1,200	$1,750	$2,095
South Lamar, Austin, TX	$999	$1,715	$2,100	$2,100
Barton Hills, Austin, TX	N/A	$1,666	$2,062	$2,171
Garrison Park, Austin, TX	N/A	N/A	$1,695	$2,325
North Loop, Austin, TX	$1,353	$1,340	$1,995	$2,400
West Oak Hill, Austin, TX	N/A	$1,323	$1,871	$2,495
Bouldin Creek, Austin, TX	$1,300	$2,100	$2,925	$2,800
South River City, Austin, TX	$1,599	$1,900	$2,298	$2,998

Top Counties Near Downtown Austin

There are a total of 15 counties located by Downtown Austin, Austin, TX. Some of these counties include Kyle-Buda, TX, Northeast Travis, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $2,243. That's roughly around $1 per sqft. A total of 13 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,850. Vice versa, with an average rent of $3,225, Southwest Travis, TX is the most expensive county by Downtown Austin, Austin, TX.

In comparison, rent for one bedroom listings in Downtown Austin, Austin, TX is 54.23% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Austin, Austin, TX is 63.89% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Kyle-Buda, TX	N/A	$1,354	$1,759	$2,100
Northeast Travis, TX	N/A	$1,325	$1,689	$2,200
Cedar Creek-Red Rock, TX	N/A	N/A	$1,550	$2,200
Cedar Park-Liberty Hill, TX	N/A	$1,268	$1,681	$2,243
Taylor, TX	N/A	$1,654	$1,475	$2,250
Round Rock-Georgetown, TX	N/A	$1,350	$1,625	$2,275
Austin, TX	$1,150	$1,400	$1,950	$2,295
Northwest Travis, TX	N/A	$1,380	$1,750	$2,800
Dripping Springs-Wimberley, TX	N/A	N/A	$1,500	$2,995
Southwest Travis, TX	N/A	$1,353	$1,901	$3,225

Top Zipcodes Near Downtown Austin

There are a total of 41 zipcodes in or near Downtown Austin, Austin, TX. The average rent for all of these zipcodes is $2,295. A total of 38 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 $1,499 per month. In comparison, the zipcode with the most expensive average rent of $4,500 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 Downtown Austin, Austin, TX is $1,250 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,681 per month. Which comes out to $2 per sqft. The following chart 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	$1,825	$2,888	$4,500	$3,250
78705, Austin, TX	$1,050	$1,250	$1,780	$1,499
78703, Austin, TX	$1,660	$1,675	$2,698	$3,200
78702, Austin, TX	$1,430	$1,850	$2,990	$2,990
78704, Austin, TX	$1,388	$1,693	$2,300	$2,600
78741, Austin, TX	N/A	$1,200	$1,775	$2,300
78721, Austin, TX	N/A	N/A	$2,535	$2,700
78751, Austin, TX	$1,124	$1,195	$2,125	$1,895
78723, Austin, TX	N/A	$1,080	$1,745	$2,600
78746, West Lake Hills, TX	N/A	$1,606	$2,062	$4,500

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 $3,295. 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 $1,825 and an average price per square feet of $4.17. There are a total of 12 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 $2,895 and an average price per square feet of $3.78. There are a total of 103 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 $4,500 and an average price per square feet of $3.84. There are a total of 81 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 0.00%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.09% 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 $2,636/month. You can search for these reasonably priced rental listings on RentHop.