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Apartments for Rent in Austin, TX under $1200 – 1605 Rentals available


Austin’s average rent reached $1,388 in January

Austin’s average rent reached $1,388 in January after a 3.3% decrease since last year. A major U.S. business hub and a renter-majority city (51%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,392. [View Full Report]

Austin apartment rent report

Austin’s average rent reached $1,388 in January

Austin’s average rent reached $1,388 in January after a 3.3% decrease since last year. A major U.S. business hub and a renter-majority city (51%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,392.

The average rent for an apartment in Austin decreased more compared to Cedar Park ($1,316), where prices saw a decrease of 0.2% since last year, and Round Rock where they went up by 1.8% ($1,219).

Austin apartment rent report

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

The city with the largest renter share is San Marcos (69%), with an average rent of $1,447 after an annual increase of 0.2%. Second is Austin with 51%, followed by Round Rock with 37% renters. Buda has the fourth largest share of renters (34%),  with a rent of$1,254after a2% annualincrease, while in Kyle, where 31% of the population are renters, the average rent is $1,180, seeing a decrease of 0.3% in the past year.

The priciest and cheapest cities for renters in the Austin area

San Marcos is the priciest city for renters in the Austin area, with apartments renting for $1,447 per month. Leander’s $1,405 rate is the second most expensive, while apartments in Austin ($1,388) 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 $1,180, followed by Round Rock rentals, going for $1,219 per month. Pflugerville apartments are the third least pricey on the list, with a $1,238 monthly average as of January.

Austin apartment rent report

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.

Austin, TX Demographics

  • Total Population950,807
  • Female 482,605
    Male 468,202
  • Median Age33.3

Average Rent in Austin, TX

  • Austin, TX Average Rental Price, December 2020 $1,378 /mo

Austin, TX Apartment Rent Ranges

  • $701-$1,00018%
  • $1,001-$1,50056%
  • $1,501-$2,00018%
  • > $2,0008%

Austin, TX Rent Trends

Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
Austin, TX $1,306 $1,308 $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,445 $1,410 $1,378
National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Austin, TX Households

  • Total Number of Households380,392
  • Family 197,674
    Non-family 182,718
  • Children 102,757
    No Children 277,635
  • Average People Per Household2.44
  • Median Household Income$71,576
  • Median Housing Costs Per Month$1,397

Austin, TX Education Statistics

  • No High School5%
  • Some High School22%
  • Some College19%
  • Associate Degree5%
  • Bachelor Degree31%
  • Graduate Degree17%

Search for apartments in Austin, TX under $1,200

There’s more than one way to spend $1,200 on rent in Austin, TX, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $1,200 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $1,200 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Austin, TX. Customize your search by using more RENTCafé filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 217 apartments for rent below $1,200 in Austin, TX for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

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