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3 Bedroom Apartments for Rent in Austin, TX - 243 Rentals available

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Austin’s average rent reached $1,385 in October

Austin’s average rent reached $1,385 in October, after a 4.0% decrease since last year. A major U.S. business hub and a renter-majority city (55%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,464.  [View Full Report]

Austin apartment rent report

Austin’s average rent was $1,385 in October

Austin’s average rent reached $1,385 in October, after a 4.0% decrease since last year. A major U.S. business hub and a renter-majority city (55%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,464.

Austin’s rent compared to other surrounding cities

The average rent for an apartment in Austin decreased compared to Cedar Park ($1,318), where prices went up by 1.1% since last year, and Round Rock where they went up by 1.4% ($1,213).

What it costs to rent in the largest renter hubs in the Austin area

The city with the largest renter share is San Marcos (72%), with an average rent of $1,443 after an annual decrease of 0.6%. Second is Austin with 55%, followed by Round Rock with 39% renter households. Cedar Park has the fourth largest share of renters (32%), while in Kyle, where 29% of homes are renter households, the average rent is $1,175, going down by 0.3% in the past year.

The priciest and cheapest cities for renters in the Austin area

Despite the dip in rates, San Marcos is the priciest city for renters in the Austin area, with apartments renting for $1,443 per month. Leander’s $1,408 rate is the second most expensive, while apartments in Austin ($1,385) come in third.

For renters in search of budget-friendly apartments, Kyle rentals are the cheapest in the Austin area, with an average price of $1,175, followed by Round Rock rentals, going for $1,213 per month. Pflugerville apartments are the third least pricey on the list, with an $1,235 monthly average as of October.

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for 3 bedroom apartments near me

Are you looking to upgrade to a larger apartment? Are there certain requirements that you and your family need to be able to find the perfect apartment? Browse 3 bedroom apartments near you on RENTCafé to find the one that fits your family. Filter by size, price, and amenities both inside and outside the apartment, and check reviews by verified residents, to make sure you are choosing the apartment that is perfect for you and your family.

Browse for 3 bedroom apartments near you, whether you want to stay in the same neighborhood or ZIP code, or in any city in the U.S. that you plan on moving to. We can help you find the one that is near all the essential places, such as stores, parks, schools and even your job, at the price that suits your budget. Your next home is waiting, let's find it!

Austin, TX Demographics

  • Total Population935,755
  • Female 474,247
    Male 461,508
  • Median Age33

Average Rent in Austin, TX

  • Austin, TX Average Rental Price, February 2020 $1,439 /mo

Austin, TX Apartment Rent Ranges

  • $701-$1,00015%
  • $1,001-$1,50053%
  • $1,501-$2,00021%
  • > $2,00010%

Austin, TX Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Austin, TX $1,303 $1,283 $1,306 $1,308 $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,439
National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
/

Check out the average rent prices in Austin by neighborhood.

Austin, TX Households

  • Total Number of Households370,043
  • Family 192,369
    Non-family 177,674
  • Children 100,870
    No Children 269,173
  • Average People Per Household2.47
  • Median Household Income$67,462
  • Median Housing Costs Per Month$1,340

Austin, TX Education Statistics

  • No High School5%
  • Some High School23%
  • Some College20%
  • Associate Degree5%
  • Bachelor Degree30%
  • Graduate Degree17%

  • Most Expensive 3 Bedroom Apartment

    The Bowie $1,736 - $12,618

  • Cheapest 3 Bedroom Apartment

    Windy Ridge $453 - $1,383

Renting a 3 bedroom apartment in Austin, TX

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,059 Sq.Ft.. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Austin, TX, rents on 3 bedroom apartments go up to $5,652. 121 rental properties offer 3 bedroom units in Austin, TX to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Austin, TX

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $930 in Austin, TX, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Harris Ridge or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!