Average Rent in 78731, Austin, TX

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Current Versus Historical 78731, Austin, TX Rents

78731 rentals average $1,225 for a 1-bedroom rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $2,995, or roughly $2 per square feet.
For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $310 (23.74%) year-over-year from $1,305 to $1,615. 1-bedroom rentals prices have decreased by $59 (-4.47%) year-over-year from $1,309 to $1,250. 2-bedroom rentals prices have increased by $317 (20.06%) year-over-year from $1,578 to $1,895. 3-bedroom rentals prices have decreased by $46 (-1.24%) year-over-year from $3,693 to $3,648. 4-bedroom rentals prices have decreased by $2,381 (-32.26%) year-over-year from $7,381 to $5,000. 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 1.10% this month. 1-bedroom rents have gone down by 13.29% this month. 2-bedroom rents have gone down by 3.15% this month. 3-bedroom rents have gone down by 3.27% this month. 4-bedroom rents have gone down by 10.45% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.67 $1,250 $1,309 (-4.47%) $1,473 (-15.16%)
2 BR $1.73 $1,895 $1,578 (20.06%) $1,716 (10.45%)
3 BR $1.94 $3,648 $3,693 (-1.24%) $3,256 (12.03%)
4+ BR $2.10 $5,000 $7,381 (-32.26%) $4,675 (6.95%)

Historical Rents in 78731, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78731

There are a total of 14 cities nearby 78731. The average rent in 78731 is currently $2,000 per month. A total of 14 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 78731, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,725 per month.

Let's compare 78731, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 3.02% more affordable. Two bedrooms in 78731, Austin, TX are about 16.67% more expensive. Finally, rent for three bedrooms are about 45.02% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 78731, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Round Rock, TX N/A $1,224 $1,495 $1,995
Jollyville, TX N/A N/A $1,495 $1,995
Manor, TX N/A N/A $2,000 $1,995
Lago Vista, TX N/A $1,500 $1,500 $1,995
Austin, TX $1,000 $1,309 $1,800 $2,100
Pflugerville, TX N/A $1,401 $1,575 $2,100
Leander, TX N/A N/A $1,625 $2,199
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 78731

There are a total of 12 neighborhoods in or near 78731. Some of these neighborhoods include Hyde Park, Windsor Park, and North University. We've included all of these top 12 neighborhoods in or near 78731, Austin, TX in the following chart.

The average rent for these 12 neighborhoods in or near 78731, 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 78731, Hyde Park has the most affordable average rent at $1,225 per month. Whereas, at $3,175 average rent per month, Downtown Austin is the most expensive neighborhood in or near 78731. 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
Hancock, Austin, TX $1,350 $1,250 $1,658 $1,620
North Austin, Austin, TX $795 $950 $1,549 $1,675
Brentwood, Austin, TX $800 $1,050 $1,700 $1,675
West University, Austin, TX $1,100 $1,298 $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 $1,298 $1,800 $2,200
Downtown Austin, Austin, TX $1,020 $2,598 $4,896 $3,175

Top Counties Near 78731

There are a total of 12 counties located by 78731, Austin, TX. Some of these counties include Kyle-Buda, TX, Cedar Creek-Red Rock, TX, and Austin, TX. The average rent for rentals in these counties is $2,096. That's roughly around $1 per sqft. A total of 11 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 78731, Austin, TX.

In comparison, rent for one bedroom listings in 78731, Austin, TX is 3.02% more affordable than other counties nearby. Finally, rent for two bedrooms in 78731, Austin, TX is 10.16% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
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 $1,303 $1,810 $2,095
Taylor, TX N/A $1,038 $1,550 $2,095
Northeast Travis, TX N/A $1,299 $1,775 $2,098
Round Rock-Georgetown, TX N/A $1,225 $1,525 $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 $2,725
Southwest Travis, TX N/A $1,613 $1,785 $3,100

Top Zipcodes Near 78731

There are a total of 17 zipcodes in or near 78731, Austin, TX. The average rent for all of these zipcodes is $2,098. A total of 17 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 $2,575 per month is 78702, Austin, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 78731, 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 78731, 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
78704, Austin, TX $952 $1,500 $2,200 $2,500
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 $2,199
78741, Austin, TX $900 $1,065 $1,800 $2,200
78748, Austin, TX N/A N/A $1,650 $2,175
78610, Kyle-Buda, TX N/A N/A $2,813 $2,098
78758, Austin, TX $795 $950 $1,595 $1,650

Frequently Asked Questions - 78731 Average Rents

What is the average rent price in 78731, Austin, TX?
The average monthly rental price for 78731, Austin, TX apartments for rent is approximately $2,995. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 78731, 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 78731, Austin, TX.
How much is a studio apartment in 78731, 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 78731.
How much is a one bedroom apartment in 78731, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,225 and an average price per square feet of $1.67. There are a total of 11 one bedroom apartment listings currently available for rent in 78731.
How much is a two bedroom apartment in 78731, Austin, TX?
The average monthly rental price for two bedroom apartments is $1,935 and an average price per square feet of $1.73. There are a total of 18 two bedroom apartment listings currently available for rent in 78731.
How have rent prices in 78731, Austin, TX changed this year?
Rent prices for rentals in 78731, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.24%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.20%, and three bedroom rental prices have changed by -0.01% year-over-year.
What is a reasonable rent price in 78731, Austin, TX?
A reasonable rent price in 78731, Austin, TX is around $2,396/month. You can search for these reasonably priced rental listings on RentHop.
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