Average Rent in South Lamar, Austin, TX

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Current Versus Historical South Lamar, Austin, TX Rents

South Lamar rentals average $1,175 for a studio rental to $4,750 for a 4-bedroom rental. The median price of all currently available listings is $2,275, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $87 (-6.95%) year-over-year from $1,249 to $1,163. 1-bedroom rentals prices have decreased by $170 (-9.94%) year-over-year from $1,707 to $1,537. 2-bedroom rentals prices have decreased by $363 (-16.77%) year-over-year from $2,163 to $1,800. 3-bedroom rentals prices have increased by $696 (25.26%) year-over-year from $2,754 to $3,450. 4-bedroom rentals prices have increased by $1,134 (31.36%) year-over-year from $3,616 to $4,750. 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 12.10% this month. 1-bedroom rents have gone down by 12.56% this month. 2-bedroom rents have gone down by 8.35% this month. 3-bedroom rents have gone up by 28.01% this month. 4-bedroom rents have gone down by 2.84% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.74 $1,163 $1,249 (-6.95%) $1,312 (-11.37%)
1 BR $2.38 $1,537 $1,707 (-9.94%) $1,676 (-8.31%)
2 BR $1.94 $1,800 $2,163 (-16.77%) $2,103 (-14.39%)
3 BR $2.29 $3,450 $2,754 (25.26%) $3,336 (3.42%)
4+ BR $2.04 $4,750 $3,616 (31.36%) $3,219 (47.56%)

Historical Rents in South Lamar, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near South Lamar

There are a total of 13 cities nearby South Lamar. The average rent in South Lamar is currently $2,195 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,650, is the most affordable city nearby. In contrast, the most expensive city near South Lamar, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,100 per month.

Let's compare South Lamar, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 31.03% more expensive. Two bedrooms in South Lamar, Austin, TX are about 8.33% more expensive. Finally, rent for three bedrooms are about 39.86% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near South Lamar, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,100 $1,500 $1,990
Kyle, TX N/A $1,263 $1,425 $2,000
Cedar Park, TX N/A $1,344 $1,769 $2,150
Hutto, TX N/A N/A N/A $2,195
Manor, TX N/A N/A N/A $2,200
Leander, TX N/A $1,350 $1,625 $2,200
Austin, TX $1,130 $1,400 $1,900 $2,250
Pflugerville, TX N/A N/A $1,850 $2,250
Round Rock, TX N/A N/A $1,695 $2,250
Lakeway, TX N/A N/A $2,250 $3,100

Top Neighborhoods Near South Lamar

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

The average rent for these 8 neighborhoods in or near South Lamar, Austin, TX is currently around $1,996 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $1,996. Out of all the neighborhoods in or near South Lamar, North University has the most affordable average rent at $1,300 per month. Whereas, at $3,325 average rent per month, Downtown Austin is the most expensive neighborhood in or near South Lamar. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,062 $1,250 $2,150 $1,300
Hancock, Austin, TX $1,350 $1,499 $1,825 $1,763
West University, Austin, TX $1,325 $1,300 $1,963 $1,773
Hyde Park, Austin, TX $1,010 $1,195 $1,975 $1,868
Brentwood, Austin, TX $1,300 $1,500 $2,300 $2,125
North Loop, Austin, TX $1,053 $1,400 $1,898 $2,495
Zilker, Austin, TX N/A $1,825 $2,900 $2,998
Downtown Austin, Austin, TX $1,435 $2,750 $3,500 $3,325

Top Counties Near South Lamar

There are a total of 8 counties located by South Lamar, Austin, TX. Some of these counties include Lockhart, TX, San Marcos, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,200. 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 Lockhart, TX. It's average rent per month is $1,713. Vice versa, with an average rent of $3,200, Southwest Travis, TX is the most expensive county by South Lamar, Austin, TX.

In comparison, rent for one bedroom listings in South Lamar, Austin, TX is 18.81% more expensive than other counties nearby. Finally, rent for two bedrooms in South Lamar, Austin, TX is 4.86% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Lockhart, TX N/A $1,250 $1,400 $1,713
San Marcos, TX N/A $1,100 $1,490 $1,995
Kyle-Buda, TX N/A $1,200 $1,648 $2,150
Austin, TX $1,130 $1,400 $1,900 $2,200
Cedar Park-Liberty Hill, TX N/A $1,349 $1,750 $2,200
Northeast Travis, TX N/A $1,657 $1,875 $2,248
Round Rock-Georgetown, TX $1,252 $1,250 $1,625 $2,295
Northwest Travis, TX N/A $1,295 $1,873 $2,600
Dripping Springs-Wimberley, TX N/A $1,550 $2,225 $2,999
Southwest Travis, TX N/A $1,399 $2,058 $3,200

Top Zipcodes Near South Lamar

There are a total of 38 zipcodes in or near South Lamar, Austin, TX. The average rent for all of these zipcodes is $2,250. A total of 22 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 $1,650 per month. In comparison, the zipcode with the most expensive average rent of $4,495 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 South Lamar, Austin, TX is $1,209 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,774 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in South Lamar, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78704, Austin, TX $1,175 $1,600 $2,245 $2,900
78745, Austin, TX $995 $1,315 $1,750 $2,000
78701, Austin, TX $1,435 $2,750 $3,498 $3,275
78703, Austin, TX $1,000 $1,700 $2,773 $2,900
78746, West Lake Hills, TX N/A $1,682 $2,039 $4,495
78741, Austin, TX $1,074 $1,218 $1,785 $2,000
78705, Austin, TX $1,198 $1,285 $1,950 $1,650
78702, Austin, TX $1,565 $1,930 $2,870 $2,870
78744, Austin, TX N/A N/A $1,675 $2,250
78748, Austin, TX N/A N/A $1,695 $2,350

Frequently Asked Questions - South Lamar Average Rents

What is the average rent price in South Lamar, Austin, TX?
The average monthly rental price for South Lamar, Austin, TX apartments for rent is approximately $2,275. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do South Lamar, 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 South Lamar, Austin, TX.
How much is a studio apartment in South Lamar, Austin, TX?
The average monthly rental price for studio apartments is $1,175 and an average price per square feet of $2.74. There are a total of 3 studio apartment listings currently available for rent in South Lamar.
How much is a one bedroom apartment in South Lamar, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,595 and an average price per square feet of $2.38. There are a total of 7 one bedroom apartment listings currently available for rent in South Lamar.
How much is a two bedroom apartment in South Lamar, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.94. There are a total of 33 two bedroom apartment listings currently available for rent in South Lamar.
How have rent prices in South Lamar, Austin, TX changed this year?
Rent prices for rentals in South Lamar, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.07%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.17%, and three bedroom rental prices have changed by 0.25% year-over-year.
What is a reasonable rent price in South Lamar, Austin, TX?
A reasonable rent price in South Lamar, Austin, TX is around $1,820/month. You can search for these reasonably priced rental listings on RentHop.
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