Average Rent in Downtown Austin, Austin, TX

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Current Versus Historical Downtown Austin, Austin, TX Rents

Downtown Austin rentals average $1,020 for a studio rental to $9,900 for a 3-bedroom rental. The median price of all currently available listings is $3,200, or roughly $4 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $17 (-0.91%) year-over-year from $1,892 to $1,875. 1-bedroom rentals prices have decreased by $15 (-0.63%) year-over-year from $2,412 to $2,397. 2-bedroom rentals prices have increased by $215 (6.24%) year-over-year from $3,436 to $3,650. 3-bedroom rentals prices have increased by $280 (4.58%) year-over-year from $6,100 to $6,380. 4-bedroom rentals prices have increased by $1,263 (129.49%) year-over-year from $975 to $2,238. 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 0.09% this month. 1-bedroom rents have gone down by 0.77% this month. 2-bedroom rents have gone up by 2.44% this month. 3-bedroom rents have gone up by 4.10% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.55 $1,875 $1,892 (-0.91%) $1,893 (-0.96%)
1 BR $3.39 $2,397 $2,412 (-0.63%) $2,428 (-1.30%)
2 BR $3.86 $3,650 $3,436 (6.24%) $3,489 (4.62%)
3 BR $4.18 $6,380 $6,100 (4.58%) $4,940 (29.14%)

Historical Rents in Downtown Austin, Austin, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Austin

There are a total of 12 cities nearby Downtown Austin. The average rent in Downtown Austin is currently $2,000 per month. A total of 12 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 Downtown Austin, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,900 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 59.22% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 61.74% more expensive. Finally, rent for three bedrooms are about 79.87% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Downtown Austin, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
Kyle, TX N/A $1,348 $1,800 $1,900
Manor, TX N/A N/A $2,000 $1,995
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
Austin, TX $1,009 $1,300 $1,795 $2,050
Leander, TX N/A N/A $1,625 $2,125
Pflugerville, TX N/A $1,175 $1,775 $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 Downtown Austin

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

The average rent for these 9 neighborhoods in or near Downtown Austin, Austin, TX is currently around $1,725 per month. A total of 9 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown Austin, Hyde Park has the most affordable average rent at $1,250 per month. Whereas, at $2,200 average rent per month, North Loop is the most expensive neighborhood in or near Downtown Austin. 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 $1,800
Garrison Park, Austin, TX N/A $890 $1,650 $2,100
North Loop, Austin, TX $1,053 $1,185 $1,800 $2,200

Top Counties Near Downtown Austin

There are a total of 9 counties located by Downtown Austin, Austin, TX. Some of these counties include Kyle-Buda, TX, San Marcos, 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 11 counties have a lower average rent. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,750. Vice versa, with an average rent of $3,173, Southwest Travis, TX is the most expensive county by Downtown Austin, Austin, TX.

In comparison, rent for one bedroom listings in Downtown Austin, Austin, TX is 52.40% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Austin, Austin, TX is 58.54% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Kyle-Buda, TX N/A $1,485 $1,800 $1,995
San Marcos, TX N/A $1,025 $1,420 $1,997
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 Downtown Austin

There are a total of 18 zipcodes in or near Downtown Austin, Austin, TX. The average rent for all of these zipcodes is $2,049. A total of 18 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 $2,860 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 Downtown Austin, Austin, TX is $1,063 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,673 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Downtown Austin, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
78702, Austin, TX $1,353 $1,725 $2,375 $2,570
78704, Austin, TX $927 $1,400 $1,975 $2,373
78741, Austin, TX $800 $995 $1,748 $1,998
78752, Austin, TX N/A $1,175 $1,695 $1,900
78745, Austin, TX $825 $1,450 $1,638 $1,875
78731, Austin, TX N/A $999 $1,873 $2,860
78744, Austin, TX N/A $1,100 $1,550 $2,200
78758, Austin, TX N/A $1,000 $1,650 $1,700
78748, Austin, TX N/A $1,290 $1,695 $2,125
78753, Austin, TX $825 $850 $1,498 $1,750

Frequently Asked Questions - Downtown Austin Average Rents

What is the average rent price in Downtown Austin, Austin, TX?
The average monthly rental price for Downtown Austin, Austin, TX apartments for rent is approximately $3,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Austin, 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 Downtown Austin, Austin, TX.
How much is a studio apartment in Downtown Austin, Austin, TX?
The average monthly rental price for studio apartments is $1,020 and an average price per square feet of $2.55. There are a total of 6 studio apartment listings currently available for rent in Downtown Austin.
How much is a one bedroom apartment in Downtown Austin, Austin, TX?
The average monthly rental price for one bedroom apartments is $2,698 and an average price per square feet of $3.39. There are a total of 68 one bedroom apartment listings currently available for rent in Downtown Austin.
How much is a two bedroom apartment in Downtown Austin, Austin, TX?
The average monthly rental price for two bedroom apartments is $4,339 and an average price per square feet of $3.86. There are a total of 60 two bedroom apartment listings currently available for rent in Downtown Austin.
How have rent prices in Downtown Austin, Austin, TX changed this year?
Rent prices for rentals in Downtown Austin, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in Downtown Austin, Austin, TX?
A reasonable rent price in Downtown Austin, Austin, TX is around $2,560/month. You can search for these reasonably priced rental listings on RentHop.
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