Average Rent in North Loop Business Park, Austin, TX

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Current Versus Historical North Loop Business Park, Austin, TX Rents

North Loop Business Park rentals average $1,319 for a 1-bedroom rental to $2,230 for a 3-bedroom rental. The median price of all currently available listings is $1,592, or roughly $20 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $880 to $880. 1-bedroom rentals prices have decreased by $79 (-5.94%) year-over-year from $1,330 to $1,251. 2-bedroom rentals prices have decreased by $154 (-9.55%) year-over-year from $1,612 to $1,458. 3-bedroom rentals prices have decreased by $321 (-14.70%) year-over-year from $2,182 to $1,861. 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 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 2.10% this month. 3-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $20.16 $1,251 $1,330 (-5.94%) $1,251 (0%)
2 BR $19.30 $1,458 $1,612 (-9.55%) $1,458 (0%)
3 BR $19.89 $1,861 $2,182 (-14.70%) $1,861 (0%)

Historical Rents in North Loop Business Park, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near North Loop Business Park

There are a total of 12 cities nearby North Loop Business Park. The average rent in North Loop Business Park is currently $2,198 per month. Our records show that Canyon Lake, TX, with an average rent of $1,690, is the most affordable city nearby. In contrast, the most expensive city near North Loop Business Park, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,500 per month.

Let's compare North Loop Business Park, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 7.60% more expensive. Two bedrooms in North Loop Business Park, Austin, TX are about 4.04% more affordable. Finally, rent for three bedrooms are about 4.76% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near North Loop Business Park, 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 $1,238 $1,425 $2,000
Hutto, TX N/A N/A N/A $2,195
Cedar Park, TX N/A $1,343 $1,831 $2,198
Georgetown, TX $1,252 $1,250 $1,564 $2,199
Leander, TX N/A $1,350 $1,663 $2,200
Austin, TX $1,137 $1,400 $1,950 $2,250
Round Rock, TX N/A N/A $1,695 $2,250
Pflugerville, TX N/A N/A $1,595 $2,295
Lakeway, TX N/A N/A $2,175 $3,500

Top Neighborhoods Near North Loop Business Park

There are a total of 9 neighborhoods in or near North Loop Business Park. Some of these neighborhoods include North University, West University, and Hancock. We've included all of these top 9 neighborhoods in or near North Loop Business Park, Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near North Loop Business Park, Austin, TX is currently around $2,219 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,219. Interestingly, the neighborhoods' average rent is higher than North Loop Business Park's average rent, which is only $1,592. Out of all the neighborhoods in or near North Loop Business Park, North University has the most affordable average rent at $1,250 per month. Whereas, at $3,425 average rent per month, Downtown Austin is the most expensive neighborhood in or near North Loop Business Park. 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 $1,350 $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 $2,219
South Lamar, Austin, TX $1,175 $1,748 $2,100 $2,275
North Loop, Austin, TX $1,080 $1,400 $1,898 $2,495
Zilker, Austin, TX N/A $1,900 $2,950 $2,998
Downtown Austin, Austin, TX $1,750 $2,750 $3,500 $3,425

Top Counties Near North Loop Business Park

There are a total of 9 counties located by North Loop Business Park, 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. The county that is the most affordable is Lockhart, TX. It's average rent per month is $1,795. Vice versa, with an average rent of $3,325, Southwest Travis, TX is the most expensive county by North Loop Business Park, Austin, TX.

In comparison, rent for one bedroom listings in North Loop Business Park, Austin, TX is 2.35% more affordable than other counties nearby. Finally, rent for two bedrooms in North Loop Business Park, Austin, TX is 13.07% more affordable 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 $1,238 $1,648 $2,163
Austin, TX $1,137 $1,400 $1,950 $2,240
Northeast Travis, TX N/A $1,657 $1,875 $2,250
Cedar Park-Liberty Hill, TX N/A $1,350 $1,800 $2,250
Taylor, TX N/A $1,764 $1,450 $2,250
Round Rock-Georgetown, TX $1,252 $1,250 $1,625 $2,295
Northwest Travis, TX N/A $1,350 $1,825 $2,695
Dripping Springs-Wimberley, TX N/A $1,350 $2,225 $2,925
Southwest Travis, TX N/A $1,434 $2,083 $3,325

Top Zipcodes Near North Loop Business Park

There are a total of 37 zipcodes in or near North Loop Business Park, Austin, TX. The average rent for all of these zipcodes is $2,250.

The following chart includes the top 10 zipcodes in North Loop Business Park, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78727, Austin, TX N/A N/A $1,895 $2,395
78758, Austin, TX N/A $1,540 $1,775 $1,775
78753, Austin, TX $885 $1,174 $1,680 $2,049
78717, Brushy Creek, TX N/A N/A $1,950 $2,550
78756, Austin, TX $1,300 $1,448 $2,272 $1,850
78751, Austin, TX $1,045 $1,250 $1,985 $2,473
78723, Austin, TX $700 $1,348 $1,525 $2,195
78660, Pflugerville, TX N/A $1,660 $2,035 $2,300
78681, Brushy Creek, TX N/A N/A $1,688 $2,250
78664, Round Rock, TX N/A N/A $1,673 $2,145

Frequently Asked Questions - North Loop Business Park Average Rents

What is the average rent price in North Loop Business Park, Austin, TX?
The average monthly rental price for North Loop Business Park, Austin, TX apartments for rent is approximately $1,592. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do North Loop Business Park, 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 Business Park, Austin, TX.
How much is a studio apartment in North Loop Business Park, Austin, TX?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in North Loop Business Park.
How much is a one bedroom apartment in North Loop Business Park, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,319 and an average price per square feet of $20.16. There are a total of 3 one bedroom apartment listings currently available for rent in North Loop Business Park.
How much is a two bedroom apartment in North Loop Business Park, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,592 and an average price per square feet of $19.30. There are a total of 3 two bedroom apartment listings currently available for rent in North Loop Business Park.
How have rent prices in North Loop Business Park, Austin, TX changed this year?
Rent prices for rentals in North Loop Business Park, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.15% year-over-year.
What is a reasonable rent price in North Loop Business Park, Austin, TX?
A reasonable rent price in North Loop Business Park, Austin, TX is around $1,274/month. You can search for these reasonably priced rental listings on RentHop.
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