Apartments for Rent in Austin, TX

Prices and availability in Austin, TX were last updated on 18 May 2026.

The best apartments in Austin, TX are: Evolve @ Arboretum, High Oaks, Altair Tech Ridge, Monterey Ranch and Stonelake at the Arboretum.

The average rent in Austin, TX is $1,696.

The price range for a studio apartment in Austin, TX is between $35 and $8,257.

The price range for a 1-bedroom apartment in Austin, TX is between $500 and $24,143.

The price range for a 2-bedroom apartment in Austin, TX is between $100 and $25,263.

The price range for a 3-bedroom apartment in Austin, TX is between $100 and $25,190.

In Austin, 57% of the residents are renting compared to 43% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 28% of Austin's rentals, 57% are small-scale complexes with under 50 units, and 14% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Austin are about 22 years old, on average. Of these, 62% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 87% of the rental communities here are low-rise, garden-style communities, 15% are mid-rises, and 4% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Austin come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 53% of the total apartments in the city, while 2-bedroom floorplans represent around 35% of all rentals in Austin. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.