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 $8,600 for a 4-bedroom rental. The median price of all currently available listings is $3,455, or roughly $42 per square feet.

For the apartment units and housing in October 2026, median rents have fallen over the last year. Studio rentals prices have increased by $158 (8.28%) year-over-year from $1,909 to $2,067. 1-bedroom rentals prices have decreased by $265 (-9.63%) year-over-year from $2,755 to $2,490. 2-bedroom rentals prices have increased by $24 (0.64%) year-over-year from $3,761 to $3,785. 3-bedroom rentals prices have decreased by $1,215 (-14.72%) year-over-year from $8,253 to $7,038. 4-bedroom rentals prices have increased by $4,342 (101.96%) year-over-year from $4,258 to $8,600. 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 up by 1.61% this month. 1-bedroom rents have gone down by 5.49% this month. 2-bedroom rents have gone down by 3.04% this month. 3-bedroom rents have gone down by 10.58% this month. 4-bedroom rents have gone up by 39.02% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$53.07	$2,067	$1,909 (8.28%)	$1,906 (8.48%)
1 BR	$38.60	$2,490	$2,755 (-9.63%)	$2,453 (1.50%)
2 BR	$37.29	$3,785	$3,761 (0.64%)	$3,468 (9.13%)
3 BR	$58.77	$7,038	$8,253 (-14.72%)	$6,276 (12.13%)
4+ BR	$36.77	$8,600	$4,258 (101.96%)	$2,900 (196.55%)

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 $1,935 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 $1,485, 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 $2,800 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 45.98% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 61.36% more expensive. Finally, rent for three bedrooms are about 73.34% 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	$979	$1,425	$1,500
Jollyville, TX	N/A	$1,195	$1,425	$1,713
Manor, TX	N/A	$1,804	$2,330	$1,855
Austin, TX	$1,534	$1,408	$1,750	$1,935
Round Rock, TX	$1,186	$1,414	$1,445	$1,995
Lago Vista, TX	N/A	$1,498	$1,323	$1,997
Pflugerville, TX	N/A	$1,405	$1,612	$2,100
Cedar Park, TX	N/A	$1,131	$1,355	$2,150
Brushy Creek, TX	N/A	$1,514	$1,463	$2,288
Lakeway, TX	N/A	$981	$2,048	$2,800

Top Neighborhoods Near Downtown Austin

There are a total of 30 neighborhoods in or near Downtown Austin. Some of these neighborhoods include Hyde Park, Parker Lane, and St. Johns. We've included all of these top 30 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 $1,792 per month. A total of 30 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Downtown Austin's average rent, which is actually $3,455. Out of all the neighborhoods in or near Downtown Austin, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $2,707 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
Hyde Park, Austin, TX	$912	$998	$1,500	$1,200
Parker Lane, Austin, TX	$865	$1,065	$1,445	$1,265
St. Johns, Austin, TX	$819	$950	$1,250	$1,395
North University, Austin, TX	$825	$999	$1,675	$1,450
Highland, Austin, TX	$1,213	$1,330	$1,715	$1,493
Pleasant Valley, Austin, TX	N/A	$975	$1,881	$1,495
West University, Austin, TX	$1,200	$980	$1,693	$1,495
North Austin, Austin, TX	$985	$899	$1,300	$1,500
Garrison Park, Austin, TX	$920	$899	$1,424	$1,575
Windsor Park, Austin, TX	$914	$1,097	$1,349	$1,595
East Oak Hill, Austin, TX	$1,210	$1,294	$1,629	$1,639
Riverside, Austin, TX	$1,226	$1,520	$1,861	$1,678
Crestview, Austin, TX	$1,260	$1,600	$1,875	$1,714
Hancock, Austin, TX	$1,372	$1,200	$1,845	$1,740
Brentwood, Austin, TX	$1,271	$1,096	$1,850	$1,750
North Burnet, Austin, TX	$1,408	$1,516	$2,280	$1,834
West Oak Hill, Austin, TX	N/A	$1,314	$1,695	$1,893
South River City, Austin, TX	$1,553	$1,438	$2,050	$1,902
Sweetbriar, Austin, TX	$1,840	$1,564	$2,095	$1,949
South Lamar, Austin, TX	$1,149	$1,700	$2,000	$1,969
North Loop, Austin, TX	$1,074	$1,258	$2,062	$1,975
Montropolis, Austin, TX	N/A	$1,850	$1,950	$2,000
RMMA, Austin, TX	$977	$1,724	$2,235	$2,050
East Cesar Chavez, Austin, TX	$1,564	$1,850	$2,668	$2,075
Old West Austin, Austin, TX	$1,681	$1,895	$2,865	$2,207
MLK-183, Austin, TX	$1,396	$1,504	$2,400	$2,300
MLK, Austin, TX	$1,965	$2,343	$2,500	$2,450
Govalle, Austin, TX	$1,486	$1,724	$2,464	$2,464
Central East Austin, Austin, TX	$1,425	$1,750	$2,895	$2,511
Zilker, Austin, TX	$1,855	$2,565	$2,800	$2,707

Top Counties Near Downtown Austin

There are a total of 19 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 $1,950. That's roughly around $14 per sqft. A total of 19 counties have a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,170. Vice versa, with an average rent of $2,800, Dripping Springs-Wimberley, TX is the most expensive county by Downtown Austin, Austin, TX.

Typically, rent for studios in Downtown Austin, Austin, TX is 51.62% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Austin, Austin, TX is 49.50% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Austin, Austin, TX is 56.41% 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	$1,170	$1,200	$1,493
Austin, TX	$1,543	$1,421	$1,795	$1,945
Kyle-Buda, TX	$1,830	$1,700	$1,846	$1,950
Northwest Travis, TX	$1,353	$1,249	$1,544	$1,968
Cedar Creek-Red Rock, TX	$1,000	$1,459	$1,679	$1,995
Round Rock-Georgetown, TX	$1,141	$1,361	$1,475	$2,050
Northeast Travis, TX	$1,119	$1,769	$1,666	$2,080
Cedar Park-Liberty Hill, TX	$1,514	$1,240	$1,650	$2,195
Southwest Travis, TX	N/A	$2,075	$1,895	$2,750
Dripping Springs-Wimberley, TX	$1,495	$1,258	$1,800	$2,800

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 $4,275 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,047. 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 $1,330 per month. Or in other words, $21 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,600 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	$2,490	$3,785	$3,449
78705, Austin, TX	$1,050	$1,075	$1,695	$1,500
78703, Austin, TX	$1,688	$1,795	$2,500	$2,313
78702, Austin, TX	$1,551	$1,843	$2,626	$2,461
78704, Austin, TX	$1,553	$1,897	$2,349	$2,300
78722, Austin, TX	$1,390	$1,633	$1,775	$1,876
78741, Austin, TX	$895	$1,353	$1,667	$1,603
78721, Austin, TX	$1,765	$2,248	$2,500	$2,400
78751, Austin, TX	$912	$1,055	$1,900	$1,695
78756, Austin, TX	$1,333	$1,500	$1,875	$1,925

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 $3,455. 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 $53.07. There are a total of 113 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 $2,490 and an average price per square feet of $38.60. There are a total of 188 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 $3,785 and an average price per square feet of $37.29. 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 0.08%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.15% 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 $2,764/month. You can search for these reasonably priced rental listings on RentHop.