Average Rent in 78731, Austin, TX

Home  »  TX  »  Austin  »  78731

Current Versus Historical 78731, Austin, TX Rents

78731 rentals average $999 for a 1-bedroom rental to $8,000 for a 4-bedroom rental. The median price of all currently available listings is $2,725, or roughly $2 per square feet.
For the apartment units and housing in December 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $153 (10.42%) year-over-year from $1,467 to $1,620. 1-bedroom rentals prices have decreased by $239 (-15.25%) year-over-year from $1,564 to $1,325. 2-bedroom rentals prices have increased by $249 (15.06%) year-over-year from $1,651 to $1,900. 3-bedroom rentals prices have decreased by $109 (-2.81%) year-over-year from $3,869 to $3,761. 4-bedroom rentals prices have increased by $683 (8.73%) year-over-year from $7,815 to $8,498. 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 1.30% this month. 1-bedroom rents have gone down by 25.77% this month. 2-bedroom rents have gone down by 1.30% this month. 3-bedroom rents have gone up by 5.73% this month. 4-bedroom rents have gone up by 37.82% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.67 $1,325 $1,564 (-15.25%) $1,527 (-13.21%)
2 BR $1.85 $1,900 $1,651 (15.06%) $1,771 (7.26%)
3 BR $1.92 $3,761 $3,869 (-2.81%) $3,507 (7.24%)
4+ BR $2.22 $8,498 $7,815 (8.73%) $4,719 (80.08%)

Historical Rents in 78731, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 78731

There are a total of 12 cities nearby 78731. The average rent in 78731 is currently $2,000 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Kyle, TX, with an average rent of $1,900, 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 $2,900 per month.

Let's compare 78731, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 10.11% more affordable. Two bedrooms in 78731, Austin, TX are about 12.40% more expensive. Finally, rent for three bedrooms are about 42.83% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 78731, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Manor, TX N/A N/A $2,000 $1,990
Lago Vista, TX N/A $1,500 $1,500 $1,999
Round Rock, TX N/A N/A $1,500 $2,000
Hutto, TX N/A N/A N/A $2,000
Georgetown, TX N/A $895 $1,695 $2,000
Austin, TX $1,009 $1,300 $1,795 $2,050
Pflugerville, TX N/A $1,175 $1,775 $2,150
Leander, TX N/A N/A $1,625 $2,150
Cedar Park, TX N/A $1,325 $1,523 $2,200
Lakeway, TX N/A $1,775 $1,925 $2,900

Top Neighborhoods Near 78731

There are a total of 10 neighborhoods in or near 78731. Some of these neighborhoods include Hyde Park, North University, and West University. We've included all of these top 10 neighborhoods in or near 78731, Austin, TX in the following chart.

The average rent for these 10 neighborhoods in or near 78731, Austin, TX is currently around $1,738 per month. A total of 9 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 $1,250 per month. Whereas, at $3,200 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 $900 $1,200 $975 $1,250
North University, Austin, TX $800 $1,295 $2,000 $1,600
West University, Austin, TX $1,150 $1,295 $1,875 $1,608
Hancock, Austin, TX $1,400 $1,298 $1,650 $1,620
Brentwood, Austin, TX $800 $1,050 $1,725 $1,725
Windsor Park, Austin, TX N/A $1,046 $1,307 $1,750
North Austin, Austin, TX N/A $938 $1,563 $1,850
Garrison Park, Austin, TX N/A $890 $1,625 $2,100
North Loop, Austin, TX $1,053 $1,185 $1,800 $2,200
Downtown Austin, Austin, TX $1,020 $2,695 $4,349 $3,200

Top Counties Near 78731

There are a total of 10 counties located by 78731, Austin, TX. Some of these counties include Jarrell, TX, Kyle-Buda, TX, and Austin, TX. The average rent for rentals in these counties is $2,100. That's roughly around $1 per sqft. A total of 10 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,750. Vice versa, with an average rent of $3,173, Southwest Travis, TX is the most expensive county by 78731, Austin, TX.

In comparison, rent for one bedroom listings in 78731, Austin, TX is 28.53% more affordable than other counties nearby. Finally, rent for two bedrooms in 78731, Austin, TX is 5.07% 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 $1,948 $1,750
Kyle-Buda, TX N/A $1,485 $1,800 $1,995
Austin, TX $1,005 $1,300 $1,800 $2,000
Taylor, TX N/A $1,198 $1,550 $2,063
Northeast Travis, TX N/A $1,284 $1,659 $2,100
Round Rock-Georgetown, TX N/A $922 $1,500 $2,195
Cedar Park-Liberty Hill, TX N/A $1,349 $1,799 $2,195
Northwest Travis, TX N/A $1,290 $1,695 $2,550
Dripping Springs-Wimberley, TX N/A N/A $1,838 $2,695
Southwest Travis, TX N/A $1,625 $1,800 $3,173

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 $2,000. 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 $1,700 per month. In comparison, the zipcode with the most expensive average rent of $2,583 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 $1,100 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,650 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 $1,785 $2,145
78745, Austin, TX $825 $1,450 $1,638 $1,863
78704, Austin, TX $927 $1,400 $1,975 $2,373
78613, Cedar Park, TX N/A $1,325 $1,548 $2,213
78664, Round Rock, TX N/A N/A $1,500 $1,895
78665, Round Rock, TX N/A N/A $2,100 $2,200
78741, Austin, TX $800 $995 $1,795 $2,000
78748, Austin, TX N/A $1,290 $1,695 $2,125
78610, Kyle-Buda, TX N/A N/A $2,813 $2,100
78758, Austin, TX N/A $1,000 $1,650 $1,700

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 $2,725. 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 $999 and an average price per square feet of $1.67. There are a total of 7 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 $1,895 and an average price per square feet of $1.85. There are a total of 17 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 0.10%, one bedroom rental prices have changed by -0.15%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in 78731, Austin, TX?
A reasonable rent price in 78731, Austin, TX is around $2,180/month. You can search for these reasonably priced rental listings on RentHop.
Quantcast