Average Rent in Downtown Austin, Austin, TX

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Current Versus Historical Downtown Austin, Austin, TX Rents

Downtown Austin rentals average $1,906 for a studio rental to $8,983 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 July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $64 (-3.27%) year-over-year from $1,957 to $1,893. 1-bedroom rentals prices have decreased by $65 (-2.49%) year-over-year from $2,609 to $2,544. 2-bedroom rentals prices have increased by $126 (3.35%) year-over-year from $3,753 to $3,879. 3-bedroom rentals prices have increased by $757 (9.79%) year-over-year from $7,733 to $8,490. 4-bedroom rentals prices have increased by $8,008 (821.33%) year-over-year from $975 to $8,983. 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 5.35% this month. 1-bedroom rents have gone down by 2.37% this month. 2-bedroom rents have gone up by 1.95% this month. 3-bedroom rents have gone up by 21.26% this month. 4-bedroom rents have gone up by 42.28% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $51.94 $1,893 $1,957 (-3.27%) $1,955 (-3.16%)
1 BR $43.82 $2,544 $2,609 (-2.49%) $2,393 (6.31%)
2 BR $36.49 $3,879 $3,753 (3.35%) $3,568 (8.71%)
3 BR $59.41 $8,490 $7,733 (9.79%) $7,366 (15.26%)
4+ BR $37.14 $8,983 $975 (821.33%) $975 (821.33%)

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 18 cities nearby Downtown Austin. The average rent in Downtown Austin is currently $1,995 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that New Braunfels, TX, with an average rent of $1,550, 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 $3,150 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Austin, Austin, TX is 74.12% more expensive than other cities nearby. One bedrooms are about 49.18% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 57.71% more expensive. Finally, rent for three bedrooms are about 76.66% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Downtown Austin, Austin, TX in the following table.
City Studio 1 Bed 2 Bed All
Kyle, TX $1,198 $1,290 $1,698 $1,900
Austin, TX $1,308 $1,436 $1,895 $1,995
Manor, TX N/A $1,449 $1,723 $1,995
Lago Vista, TX N/A $1,350 $1,395 $1,995
Round Rock, TX $1,548 $1,550 $1,550 $2,000
Jollyville, TX N/A N/A $1,495 $2,100
Pflugerville, TX N/A $1,191 $1,631 $2,150
Cedar Park, TX $2,075 $1,299 $1,368 $2,200
Brushy Creek, TX N/A $1,319 $1,875 $2,400
Lakeway, TX N/A $1,300 $1,923 $3,150

Top Neighborhoods Near Downtown Austin

There are a total of 31 neighborhoods in or near Downtown Austin. Some of these neighborhoods include North University, Parker Lane, and St. Johns. We've included the top 30 neighborhoods out of 31 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 $1,949 per month. A total of 31 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, North University has the most affordable average rent at $1,225 per month. Whereas, at $2,898 average rent per month, Bouldin Creek is the most expensive neighborhood in or near Downtown Austin. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,000 $1,100 $1,625 $1,225
Parker Lane, Austin, TX $701 $995 $1,570 $1,229
St. Johns, Austin, TX $1,000 $1,155 $1,500 $1,237
Hyde Park, Austin, TX $950 $1,138 $1,450 $1,400
Hancock, Austin, TX $1,000 $1,195 $1,600 $1,450
West University, Austin, TX $1,150 $1,125 $1,750 $1,495
North Austin, Austin, TX $985 $937 $1,373 $1,498
Riverside, Austin, TX $1,329 $1,595 $1,873 $1,648
Brentwood, Austin, TX $1,414 $1,400 $2,095 $1,679
Sweetbriar, Austin, TX $1,514 $1,352 $1,922 $1,750
Highland, Austin, TX $1,764 $1,388 $1,813 $1,768
Garrison Park, Austin, TX $995 $850 $1,450 $1,875
Windsor Park, Austin, TX $1,598 $1,616 $1,600 $1,914
Pleasant Valley, Austin, TX $1,460 $1,389 $2,228 $1,925
West Oak Hill, Austin, TX $1,250 $1,363 $1,800 $1,949
North Loop, Austin, TX $1,050 $1,366 $1,895 $1,950
South Lamar, Austin, TX $1,517 $1,751 $1,995 $1,984
Pecan Springs Springdale, Austin, TX $1,691 $1,700 $2,000 $2,000
Johnston Terrace, Austin, TX $1,861 $1,813 $2,432 $2,074
South River City, Austin, TX $1,780 $1,550 $2,298 $2,100
Montropolis, Austin, TX $1,300 $1,370 $2,021 $2,150
Old West Austin, Austin, TX $1,870 $1,979 $2,830 $2,169
Zilker, Austin, TX $1,750 $2,010 $2,850 $2,248
East Cesar Chavez, Austin, TX $1,622 $1,978 $2,682 $2,265
MLK, Austin, TX N/A $1,721 $2,556 $2,338
Govalle, Austin, TX $1,601 $1,830 $2,651 $2,400
MLK-183, Austin, TX N/A $1,493 $2,250 $2,450
Central East Austin, Austin, TX N/A $2,051 $2,857 $2,500
RMMA, Austin, TX $1,908 $2,010 $3,067 $2,708
Bouldin Creek, Austin, TX $2,376 $2,095 $3,131 $2,898

Top Counties Near Downtown Austin

There are a total of 17 counties located by Downtown Austin, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,000. That's roughly around $15 per sqft. A total of 16 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,145. Vice versa, with an average rent of $3,244, Southwest Travis, TX is the most expensive county by Downtown Austin, Austin, TX.

Typically, rent for studios in Downtown Austin, Austin, TX is 37.17% 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 56.25% 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 $1,175 $968 $1,175 $1,637
Austin, TX $1,308 $1,450 $1,900 $1,995
Kyle-Buda, TX $1,198 $1,298 $1,720 $1,995
Cedar Creek-Red Rock, TX N/A $1,463 $1,697 $2,000
Round Rock-Georgetown, TX $1,275 $1,372 $1,600 $2,145
Northeast Travis, TX N/A $1,357 $1,765 $2,150
Cedar Park-Liberty Hill, TX $1,815 $1,457 $1,724 $2,200
Northwest Travis, TX $1,603 $1,215 $1,563 $2,222
Dripping Springs-Wimberley, TX $1,250 $1,400 $2,450 $2,950
Southwest Travis, TX $1,249 $1,457 $1,823 $3,244

Top Zipcodes Near Downtown Austin

There are a total of 43 zipcodes in or near Downtown Austin, Austin, TX. The average rent for all of these zipcodes is $2,015. A total of 42 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 76549, Southwest Bell, TX at $1,250 per month. In comparison, the zipcode with the most expensive average rent of $4,650 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,264. That's at least $27 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 $1,305 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,709 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 $1,906 $2,557 $3,879 $3,174
78705, Austin, TX $1,025 $1,150 $1,700 $1,395
78703, Austin, TX $1,870 $1,985 $2,800 $2,599
78702, Austin, TX $1,601 $1,833 $2,670 $2,400
78704, Austin, TX $1,694 $1,650 $2,400 $2,200
78722, Austin, TX $1,506 $1,857 $1,950 $1,950
78741, Austin, TX $895 $1,305 $1,940 $1,725
78721, Austin, TX $1,780 $1,802 $2,416 $2,373
78751, Austin, TX $950 $1,180 $1,900 $1,800
78756, Austin, TX $1,436 $1,575 $2,200 $1,735

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 $1,906 and an average price per square feet of $51.94. There are a total of 21 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 $2,557 and an average price per square feet of $43.82. There are a total of 258 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 $3,879 and an average price per square feet of $36.49. There are a total of 200 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 -0.03%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.03%, three bedroom rental prices have changed by 0.10% 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.
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