Average Rent in 78704, Austin, TX

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Current Versus Historical 78704, Austin, TX Rents

78704 rentals average $952 for a studio rental to $7,000 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have decreased by $198 (-11.87%) year-over-year from $1,670 to $1,472. 1-bedroom rentals prices have increased by $100 (5.88%) year-over-year from $1,700 to $1,800. 2-bedroom rentals prices have increased by $131 (5.67%) year-over-year from $2,312 to $2,443. 3-bedroom rentals prices have decreased by $158 (-3.68%) year-over-year from $4,308 to $4,150. 4-bedroom rentals prices have decreased by $167 (-2.94%) year-over-year from $5,667 to $5,500. 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 13.65% this month. 1-bedroom rents have gone down by 4.62% this month. 2-bedroom rents have gone up by 1.43% this month. 3-bedroom rents have gone up by 1.53% this month. 4-bedroom rents have gone down by 14.06% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.27	$1,472	$1,670 (-11.87%)	$1,329 (10.76%)
1 BR	$2.56	$1,800	$1,700 (5.88%)	$1,803 (-0.16%)
2 BR	$2.10	$2,443	$2,312 (5.67%)	$2,332 (4.76%)
3 BR	$2.36	$4,150	$4,308 (-3.68%)	$3,444 (20.50%)
4+ BR	$2.82	$5,500	$5,667 (-2.94%)	$2,256 (143.83%)

Historical Rents in 78704, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 78704

There are a total of 14 cities nearby 78704. The average rent in 78704 is currently $2,000 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that San Marcos, TX, with an average rent of $1,899, is the most affordable city nearby. In contrast, the most expensive city near 78704, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,725 per month.

Let's compare 78704, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 14.44% more expensive. Two bedrooms in 78704, Austin, TX are about 26.70% more expensive. Finally, rent for three bedrooms are about 49.10% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 78704, Austin, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Kyle, TX	N/A	$1,300	$1,900	$1,900
Jollyville, TX	N/A	N/A	$1,495	$1,995
Lago Vista, TX	N/A	$1,500	$1,500	$1,995
Round Rock, TX	N/A	$1,224	$1,510	$1,995
Manor, TX	N/A	N/A	$2,000	$1,999
Austin, TX	$1,000	$1,306	$1,800	$2,100
Pflugerville, TX	N/A	$1,401	$1,575	$2,100
Cedar Park, TX	N/A	$1,355	$1,638	$2,295
Brushy Creek, TX	N/A	N/A	$1,600	$2,354
Lakeway, TX	N/A	$1,850	$1,663	$2,725

Top Neighborhoods Near 78704

There are a total of 12 neighborhoods in or near 78704. Some of these neighborhoods include Hyde Park, Windsor Park, and North University. We've included all of these top 12 neighborhoods in or near 78704, Austin, TX in the following chart.

The average rent for these 12 neighborhoods in or near 78704, Austin, TX is currently around $1,688 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 78704, Hyde Park has the most affordable average rent at $1,225 per month. Whereas, at $3,300 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78704. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Hyde Park, Austin, TX	$914	$1,200	$1,113	$1,225
Windsor Park, Austin, TX	N/A	$1,044	$1,350	$1,535
North University, Austin, TX	$800	$1,295	$1,948	$1,573
Brentwood, Austin, TX	$800	$1,050	$1,700	$1,613
Hancock, Austin, TX	$1,350	$1,273	$1,658	$1,640
North Austin, Austin, TX	$795	$950	$1,549	$1,675
West University, Austin, TX	$1,100	$1,300	$1,885	$1,700
Parker Lane, Austin, TX	N/A	$925	$1,595	$1,888
Garrison Park, Austin, TX	N/A	$973	$1,535	$1,995
South Lamar, Austin, TX	N/A	$1,503	$1,900	$2,100
North Loop, Austin, TX	$1,030	$1,295	$1,800	$2,200
Downtown Austin, Austin, TX	$1,020	$2,500	$4,925	$3,300

Top Counties Near 78704

There are a total of 12 counties located by 78704, Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $2,098. 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 $1,725. Vice versa, with an average rent of $3,100, Southwest Travis, TX is the most expensive county by 78704, Austin, TX.

In comparison, rent for one bedroom listings in 78704, Austin, TX is 14.44% more expensive than other counties nearby. Finally, rent for two bedrooms in 78704, Austin, TX is 20.98% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
San Marcos, TX	N/A	$999	$1,497	$1,950
Kyle-Buda, TX	N/A	$1,498	$2,375	$1,975
Cedar Creek-Red Rock, TX	N/A	N/A	$1,575	$2,038
Austin, TX	$1,000	$1,300	$1,810	$2,095
Northeast Travis, TX	N/A	$1,299	$1,775	$2,100
Round Rock-Georgetown, TX	N/A	$1,225	$1,538	$2,100
Cedar Park-Liberty Hill, TX	N/A	$1,369	$1,752	$2,200
Northwest Travis, TX	N/A	$1,323	$1,725	$2,600
Dripping Springs-Wimberley, TX	N/A	N/A	$1,795	$2,649
Southwest Travis, TX	N/A	$1,625	$1,785	$3,100

Top Zipcodes Near 78704

There are a total of 17 zipcodes in or near 78704, Austin, TX. The average rent for all of these zipcodes is $2,098. A total of 15 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78758, Austin, TX at $1,650 per month. In comparison, the zipcode with the most expensive average rent of $2,995 per month is 78731, Austin, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78704, Austin, TX is $1,145 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,618 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 78704, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
78660, Pflugerville, TX	N/A	$1,320	$1,790	$2,100
78745, Austin, TX	$873	$1,500	$1,650	$1,983
78613, Cedar Park, TX	N/A	$1,355	$1,663	$2,300
78664, Round Rock, TX	N/A	N/A	$1,495	$1,900
78665, Round Rock, TX	N/A	N/A	N/A	$2,197
78748, Austin, TX	N/A	N/A	$1,650	$2,125
78741, Austin, TX	$900	$1,065	$1,800	$2,200
78610, Kyle-Buda, TX	N/A	N/A	$2,813	$2,098
78758, Austin, TX	$795	$950	$1,595	$1,650
78702, Austin, TX	$1,528	$1,825	$2,400	$2,575

Frequently Asked Questions - 78704 Average Rents

What is the average rent price in 78704, Austin, TX?

The average monthly rental price for 78704, Austin, TX apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 78704, 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 78704, Austin, TX.

How much is a studio apartment in 78704, Austin, TX?

The average monthly rental price for studio apartments is $952 and an average price per square feet of $2.27. There are a total of 4 studio apartment listings currently available for rent in 78704.

How much is a one bedroom apartment in 78704, Austin, TX?

The average monthly rental price for one bedroom apartments is $1,475 and an average price per square feet of $2.56. There are a total of 46 one bedroom apartment listings currently available for rent in 78704.

How much is a two bedroom apartment in 78704, Austin, TX?

The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $2.10. There are a total of 85 two bedroom apartment listings currently available for rent in 78704.

How have rent prices in 78704, Austin, TX changed this year?

Rent prices for rentals in 78704, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.12%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.04% year-over-year.

What is a reasonable rent price in 78704, Austin, TX?

A reasonable rent price in 78704, Austin, TX is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.