What’s the average rent in Austin, TX?

The average rent in Austin, TX is $1,696. Start your search for apartments in Austin, TX now.

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Average rent in Austin, TX

$1,696/mo Austin, TX average rental price, November 2024

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

Austin, TX apartment rent ranges

About 34% of apartment rents in Austin, TX range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 19% of apartments. Around 43% of Austin’s apartments are in the $1,001-$1,500 price range. 4% of apartments are priced between $701-$1,000.

Austin, TX rent trends

Check out the average rent prices in Austin by neighborhood.

Compared to the national average rent of $1,748, the average rent in Austin, TX is $1,696.

Getting around in Austin, TX

16 /100

Car-Dependent

25 /100

Some Transit

24 /100

Somewhat Bikeable

Walk Score®: 16, Transit Score®: 25, Bike Score®: 24

Frequently asked questions

When were prices and availability in Austin, TX last updated?

Prices and availability in Austin, TX were last updated on 16 Jan 2025.

What are the best apartments in Austin, TX?

The best apartments in Austin, TX are: Evolve @ Arboretum, Spicewood Springs Apartment Homes, River Stone Ranch, High Oaks and Arbors at Creekside Apartments.

What is the average rent in Austin, TX?

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

What is the price range for a studio apartment in Austin, TX?

The price range for a studio apartment in Austin, TX is between $100 and $4,965.

What is the price range for a 1-bedroom apartment in Austin, TX?

The price range for a 1-bedroom apartment in Austin, TX is between $700 and $5,791.

What is the price range for a 2-bedroom apartment in Austin, TX?

The price range for a 2-bedroom apartment in Austin, TX is between $100 and $8,782.

What is the price range for a 3-bedroom apartment in Austin, TX?

The price range for a 3-bedroom apartment in Austin, TX is between $100 and $7,931.

What type of rental buildings are in Austin, TX?

In Austin 56% of the housing is rented out compared to 44% of homes are owned, according to the most recent Census Bureau estimates. 25% of Austin’s apartments are found in large buildings of 50 units or more, 60% are located in smaller apartment complexes with less than 50 units, and 14% are single-family rentals.

What do typical apartment communities look like in Austin, TX?

The average age of rental buildings in Austin is 22 years old, with 57% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 90% are garden-style apartment communities, 12% are mid-sized buildings, and 3% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

What apartment floorplans are common in Austin, TX?

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 52% of the total apartments in the city, while 2-bedroom floorplans represent around 36% 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.

Austin, TX in the news

New Apartment Construction to Reach Historic High of Half Million in 2024, Two Million Rentals to Open by 2028

Claiming third place for apartments slated to open in 2024 is Austin, another booming Texas locale and the second-fastest-growing metro in the U.S. Here, developers are working to complete 21,506 new rentals before the end of the year.

Top Renting Sweet Spots in the U.S.: Where Your Income Goes the Furthest

With an annual income of $66,681, renters in Austin could cover the $1,784 monthly rent and the below-average costs for utilities, food, healthcare, goods, transportation and services costs.

16.7 Million Americans Are Renting Alone; Salt Lake City Saw the Highest Surge

Solo renters in Austin grew 23.9%, from 114,510 to 141,923 in five years. With that, this category now represents 18% of the city’s population of renters. And, with its booming tech industry, many professionals in “Silicon Hills” enjoy the convenience of renting alone.

America’s Construction Boom: 1 Million Units Built in 3 Years, Another Million to Be Added Until 2025

In Austin (#3), another fast-growing Texas metro, developers are set to open 23,434 new rentals by the end of 2023. The vast majority of apartments are concentrated in Austin proper (12,692 units), followed at a great distance by Georgetown, TX (2,154 units), and Round Rock, TX (1,481 units).

Looking For Your Family’s Forever City? The Best Places for Renter Families in 2023 Are in the South, With Plano, TX Ranking First

Austin ranks seventh when it comes to most renting family-friendly cities in the U.S. in 2023, claiming the 12th spot for local economy and the 15th position for quality of life. The city also stands out due to its low cost of living, which has attracted a large share of renters to the point that they even outnumber homeowners.

New Build-to-Rent Homes Hit Record With 3 Times as Many Houses Under Construction

Austin was named the second fastest growing city in the U.S. by the Kenan Institute of Private Enterprise. That came after the city recorded a 4.3% rise in its GDP in 2022 to $216 billion, following the Bay Area. The Texas capital's booming economy continually attracts talent from other costlier states, particularly California, which feeds the local rental market that can hardly keep up.

Living in Austin, TX

Rolling along the Colorado River among the beautiful hills and deep canyons of central Texas is sunny Austin - capital of the state and the 10th-largest city in the nation. Known for live music, arts and Southern culinary scenes, "Keep Austin Weird" is a motto most renters fulfill. Plus, when renting in Austin, personal and corporate income taxes are non-existent. Major tech companies like Google, Facebook, Amazon, Dell, and Indeed employ renters and help contribute to a strong economy. Renters in Austin are also close to renowned educational institutions, like the University of Texas and interesting attractions, such as the Blanton Museum of Art, LBJ Presidential Library and Bullock State History Museum. With a mix of student renters, young professionals, creatives, entrepreneurs, retirees and remote workers, Austin has a well-rounded population. Austin renters with children are also served by the Austin Independent School District.

Embracing the city's ethos of innovation and charm, the community thrives on a blend of the high-tech with the handcrafted. Artisan markets and local businesses stand alongside thriving tech startups, fostering a unique economy where small-scale entrepreneurship is as celebrated as the success of global enterprises. The city's commitment to eco-friendly living is evident in its numerous bike paths, lake activities, and community gardens, ensuring that life in Austin is not only culturally rich but also connected to the natural beauty of the Texas landscape.

Renting in Austin, TX

Here, South Congress, Hyde Park and Old West Austin have "classic" older apartments for rent in prime locations. Many of these renovated apartments for rent in Austin have shared facilities for laundry and window A/C units. Meanwhile, the luxury apartments for rent in these three neighborhoods tend to have better amenities, such as community pools and fitness centers. More precisely, downtown Austin has high-rise apartments near the Paramount Theater and Erwin Events Center, whereas South Lamar has more affordable high-rise apartments for rent. East Austin features a mix of historical, bungalow-style homes and modern apartments, while Tarrytown and Barton Hills offer a variety of residential properties, including rustic homes, high-end homes and other architectural styles. Otherwise, Mueller showcases modern condos, simple cottages and two-story houses for rent, and Travis Heights stands out with Craftsman, Tudor Revival and Mid-century Modern rentals.

Shopping in Austin, TX

South Congress offers vintage shops, bookstores, and unique gift shops, like Monkey See Monkey Do and Big Top Candy Shop. Or, South First Street features locally owned shops like Bloomers and Frocks, while the 2nd Street District offers upscale boutiques and local designers, such as Bonobos and Eliza Page. The North Loop is known for its vintage stores, like Revival Vintage, and East Austin showcases artisan wares and independent labels at EA/ST Co. and Cycleast. However, for the best shopping mall experience in Texas, renters visit The Domain (featuring luxury brands like Tiffany & Co., Louis Vuitton and Anthropologie), and then Domain NORTHSIDE with indie clothing brands like Alex and Ani; Free People; and STAG. There's also more great stores at Arboretum at Great Hills (Barnes & Noble, Pottery Barn and Z Gallerie), as well as Barton Creek Square Mall (GAP, J. Crew and Banana Republic).

Transportation in Austin, TX

When renting in Austin, a car is strongly recommended to avoid traffic congestion and limited parking. Alternatively, public transportation is provided to renters by Capital Metro. Austin renters are also quickly familiarized with MetroRapid Route 801, which runs north-south from Southpark Meadows to Tech Ridge, taking renters past Hyde Park, North Loop and the Austin Convention Center. Similarly, the MetroRail runs north-south from downtown Austin to the small town of Leander. Additionally, Austin is a large, bike-friendly city with bike rentals available through the Austin B-cycle app. In addition to Uber and Lyft, renters also have Wingz, zTrip, Fetii, and Hitch ridesharing apps, as well as car rentals from car2go and zipcar. Finally, renters also can take a pedicab, in which local cyclists provide transportation throughout the city.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Austin, TX. Easily search through a wide selection of apartments for rent in Austin, TX, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Austin, TX apartments with rents starting from $739 and submit your rental application today!

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

1 BED	$1,295+
2 BEDS	$1,667+
3 BEDS	$2,344+

1 BED	$839+
2 BEDS	$1,080+

STUDIO	Ask for Pricing
1 BED	$1,409+
2+ BEDS	$1,779+

1 BED	$1,138+
2 BEDS	$1,349+
3 BEDS	$2,230+

1 BED	$1,106+
2 BEDS	$1,605+

1 BED	$1,025+
2 BEDS	$1,325+

STUDIO	$959+
1 BED	$1,170+
2 BEDS	$1,373+

1 BED	$1,344+
2 BEDS	$2,044+

1 BED	$1,412+
2 BEDS	$1,456+
3 BEDS	$1,804+

Apartments for Rent in Austin, TX 5,537 Rentals Available

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