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 $5,750 for a 4-bedroom rental. The median price of all currently available listings is $3,175, or roughly $4 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 decreased by $149 (-7.88%) year-over-year from $1,890 to $1,741. 1-bedroom rentals prices have increased by $90 (3.81%) year-over-year from $2,361 to $2,451. 2-bedroom rentals prices have increased by $492 (14.58%) year-over-year from $3,378 to $3,870. 3-bedroom rentals prices have decreased by $217 (-4.00%) year-over-year from $5,427 to $5,210. 4-bedroom rentals prices have increased by $2,525 (258.97%) year-over-year from $975 to $3,500. 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 4.79% this month. 1-bedroom rents have gone down by 0.17% this month. 2-bedroom rents have gone up by 3.68% this month. 3-bedroom rents have gone down by 20.21% this month. 4-bedroom rents have gone down by 8.50% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.55 $1,741 $1,890 (-7.88%) $1,877 (-7.25%)
1 BR $3.17 $2,451 $2,361 (3.81%) $2,428 (0.97%)
2 BR $4.09 $3,870 $3,378 (14.58%) $3,494 (10.76%)
3 BR $4.18 $5,210 $5,427 (-4.00%) $6,292 (-17.20%)
4+ BR $2.12 $3,500 $975 (258.97%) $975 (258.97%)

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 14 cities nearby Downtown Austin. The average rent in Downtown Austin 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 Downtown Austin, Austin, TX is Lakeway, TX. Monthly rents here are on average $2,725 per month.

Let's compare Downtown Austin, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 51.41% more expensive. Two bedrooms in Downtown Austin, Austin, TX are about 67.06% more expensive. Finally, rent for three bedrooms are about 77.33% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near Downtown Austin, 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
Manor, TX N/A N/A $2,000 $1,995
Round Rock, TX N/A $1,224 $1,495 $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
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 Downtown Austin

There are a total of 11 neighborhoods in or near Downtown Austin. Some of these neighborhoods include Hyde Park, Windsor Park, and North University. We've included all of these top 11 neighborhoods in or near Downtown Austin, Austin, TX in the following chart.

The average rent for these 11 neighborhoods in or near Downtown Austin, Austin, TX is currently around $1,675 per month. A total of 11 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 $1,225 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 $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
Brentwood, Austin, TX $800 $1,050 $1,700 $1,675
North Austin, Austin, TX $795 $950 $1,549 $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

Top Counties Near Downtown Austin

There are a total of 11 counties located by Downtown Austin, 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 12 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 Downtown Austin, Austin, TX.

In comparison, rent for one bedroom listings in Downtown Austin, Austin, TX is 51.41% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Austin, Austin, TX is 64.49% 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 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 $2,099. 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 $1,650 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 Downtown Austin, Austin, TX is $1,164 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,634 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 $1,528 $1,825 $2,400 $2,575
78704, Austin, TX $952 $1,500 $2,200 $2,500
78741, Austin, TX $900 $1,065 $1,800 $2,200
78752, Austin, TX N/A $1,195 $1,618 $1,850
78745, Austin, TX $873 $1,500 $1,650 $1,983
78731, Austin, TX N/A $1,225 $1,935 $2,995
78744, Austin, TX N/A $1,182 $1,600 $2,275
78758, Austin, TX $795 $950 $1,595 $1,650
78748, Austin, TX N/A N/A $1,650 $2,175
78753, Austin, TX $825 $875 $1,463 $1,895

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 $3,175. 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 7 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 $2,598 and an average price per square feet of $3.17. There are a total of 72 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 $4,896 and an average price per square feet of $4.09. There are a total of 64 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 -0.08%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by -0.04% 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 $2,540/month. You can search for these reasonably priced rental listings on RentHop.
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