Average Rent in North Loop, Austin, TX

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Current Versus Historical North Loop, Austin, TX Rents

North Loop rentals average $1,078 for a studio rental to $3,695 for a 4-bedroom rental. The median price of all currently available listings is $2,498, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $19 (-1.50%) year-over-year from $1,279 to $1,260. 1-bedroom rentals prices have decreased by $62 (-3.96%) year-over-year from $1,564 to $1,502. 2-bedroom rentals prices have decreased by $68 (-3.16%) year-over-year from $2,138 to $2,071. 3-bedroom rentals prices have increased by $231 (9.88%) year-over-year from $2,341 to $2,573. 4-bedroom rentals prices have decreased by $335 (-8.52%) year-over-year from $3,933 to $3,598. 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 3.85% this month. 1-bedroom rents have gone up by 1.17% this month. 2-bedroom rents have gone down by 3.63% this month. 3-bedroom rents have gone down by 5.25% this month. 4-bedroom rents have gone down by 6.48% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.50 $1,260 $1,279 (-1.50%) $1,159 (8.68%)
1 BR $2.48 $1,502 $1,564 (-3.96%) $1,316 (14.12%)
2 BR $2.23 $2,071 $2,138 (-3.16%) $1,785 (15.98%)
3 BR $2.02 $2,573 $2,341 (9.88%) $2,729 (-5.75%)
4+ BR $1.83 $3,598 $3,933 (-8.52%) $3,613 (-0.42%)

Historical Rents in North Loop, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near North Loop

There are a total of 12 cities nearby North Loop. The average rent in North Loop is currently $2,200 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,695, is the most affordable city nearby. In contrast, the most expensive city near North Loop, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,500 per month.

Let's compare North Loop, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 13.04% more expensive. Two bedrooms in North Loop, Austin, TX are about 12.83% more expensive. Finally, rent for three bedrooms are about 27.44% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near North Loop, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,550 $1,990
Kyle, TX N/A $1,235 $1,425 $2,000
Hutto, TX N/A N/A N/A $2,195
Cedar Park, TX N/A $1,370 $1,835 $2,200
Leander, TX N/A $1,350 $1,663 $2,200
Georgetown, TX $1,252 $1,250 $1,570 $2,200
Round Rock, TX N/A N/A $1,673 $2,225
Austin, TX $1,149 $1,400 $1,950 $2,250
Pflugerville, TX N/A N/A $1,595 $2,275
Lakeway, TX N/A N/A $2,175 $3,500

Top Neighborhoods Near North Loop

There are a total of 8 neighborhoods in or near North Loop. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 8 neighborhoods in or near North Loop, Austin, TX in the following chart.

The average rent for these 8 neighborhoods in or near North Loop, Austin, TX is currently around $2,050 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,050. Out of all the neighborhoods in or near North Loop, North University has the most affordable average rent at $1,250 per month. Whereas, at $3,400 average rent per month, Downtown Austin is the most expensive neighborhood in or near North Loop. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,062 $1,250 $2,125 $1,250
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hancock, Austin, TX $1,323 $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 $2,250
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,250
Zilker, Austin, TX N/A $1,900 $3,000 $3,000
Downtown Austin, Austin, TX $1,750 $2,750 $3,525 $3,400

Top Counties Near North Loop

There are a total of 8 counties located by North Loop, Austin, TX. Some of these counties include Jarrell, 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. A total of 9 counties have a lower average rent. 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 $3,400, Southwest Travis, TX is the most expensive county by North Loop, Austin, TX.

In comparison, rent for one bedroom listings in North Loop, Austin, TX is 2.84% more expensive than other counties nearby. Finally, rent for two bedrooms in North Loop, Austin, TX is 5.26% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Jarrell, TX N/A N/A N/A $1,950
Kyle-Buda, TX N/A $1,235 $1,648 $2,150
Austin, TX $1,149 $1,400 $1,950 $2,250
Northeast Travis, TX N/A $1,657 $1,875 $2,250
Cedar Park-Liberty Hill, TX N/A $1,371 $1,800 $2,250
Taylor, TX N/A $1,759 $1,450 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,625 $2,295
Northwest Travis, TX N/A $1,373 $1,800 $2,695
Dripping Springs-Wimberley, TX N/A $1,350 $2,225 $2,900
Southwest Travis, TX N/A $1,434 $2,083 $3,400

Top Zipcodes Near North Loop

There are a total of 40 zipcodes in or near North Loop, Austin, TX. The average rent for all of these zipcodes is $2,264. A total of 31 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 $1,600 per month. In comparison, the zipcode with the most expensive average rent of $4,950 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 North Loop, Austin, TX is $1,198 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,762 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in North Loop, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78751, Austin, TX $1,045 $1,250 $2,090 $2,498
78756, Austin, TX $1,300 $1,448 $2,272 $1,850
78723, Austin, TX $700 $1,348 $1,548 $2,198
78705, Austin, TX $1,200 $1,250 $1,950 $1,600
78703, Austin, TX $1,348 $1,750 $2,625 $3,000
78701, Austin, TX $1,750 $2,750 $3,500 $3,373
78702, Austin, TX $1,273 $1,910 $2,995 $2,995
78721, Austin, TX N/A $1,100 $2,435 $2,575
78758, Austin, TX N/A $1,550 $1,775 $1,758
78753, Austin, TX $885 $1,174 $1,680 $2,100

Frequently Asked Questions - North Loop Average Rents

What is the average rent price in North Loop, Austin, TX?
The average monthly rental price for North Loop, Austin, TX apartments for rent is approximately $2,498. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do North Loop, 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 North Loop, Austin, TX.
How much is a studio apartment in North Loop, Austin, TX?
The average monthly rental price for studio apartments is $1,078 and an average price per square feet of $2.50. There are a total of 4 studio apartment listings currently available for rent in North Loop.
How much is a one bedroom apartment in North Loop, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,400 and an average price per square feet of $2.48. There are a total of 12 one bedroom apartment listings currently available for rent in North Loop.
How much is a two bedroom apartment in North Loop, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,900 and an average price per square feet of $2.23. There are a total of 15 two bedroom apartment listings currently available for rent in North Loop.
How have rent prices in North Loop, Austin, TX changed this year?
Rent prices for rentals in North Loop, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in North Loop, Austin, TX?
A reasonable rent price in North Loop, Austin, TX is around $1,998/month. You can search for these reasonably priced rental listings on RentHop.
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