Austin, TX Rental Market Trends
Highlights
The average rent for an apartment in Austin is $1,388, a 3% decrease compared to the previous year.
Average Rent in Austin, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,388 | -3% | 865 sq. ft. |
The average size for a Austin, TX apartment is 865 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Austin, TX Apartment Rent Ranges
- $701-$1,00017%
- $1,001-$1,50056%
- $1,501-$2,00018%
- > $2,0008%
Austin, TX Occupied Housing Units
- Renter-occupied Households48%
- Owner-occupied Households51%
182,718 or 48% of the households in Austin, TX are renter-occupied while 197,674 or 51% are owner-occupied.
Austin, TX Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Austin, TX | $1,308 | $1,299 | $1,338 | $1,368 | $1,370 | $1,427 | $1,442 | $1,445 | $1,410 | $1,372 | $1,388 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Austin | $2,596 |
| University of Texas at Austin | $2,471 |
| North University | $2,400 |
| West University | $2,400 |
| Old West Austin | $2,389 |
| Clarksville | $2,362 |
| Tarrytown West Austin | $2,362 |
| Hancock | $2,078 |
| The Triangle | $2,078 |
| Central East Austin | $1,829 |
| Chestnut | $1,829 |
| East Cesar Chavez | $1,829 |
| Govalle | $1,829 |
| Holly | $1,829 |
| Circle C | $1,749 |
| Rosewood | $1,713 |
| Balcones Park | $1,607 |
| Bee Cave Woods | $1,579 |
| Rob Roy | $1,579 |
| Stratford Hills | $1,579 |
| Westlake | $1,579 |
| Apache Shores | $1,557 |
| Steiner Ranch | $1,543 |
| Barton Hills | $1,520 |
| Bouldin Creek | $1,516 |
| Dawson | $1,516 |
| Galindo | $1,516 |
| SoCo | $1,516 |
| South Lamar | $1,516 |
| Travis Heights | $1,516 |
| Zilker | $1,516 |
| Cedar Valley | $1,502 |
| River Place | $1,428 |
| Hyde Park | $1,425 |
| North Loop | $1,425 |
| Oak Hill | $1,409 |
| South Congress | $1,403 |
| Avery Ranch | $1,358 |
| Pecan Springs Springdale | $1,345 |
| University Hills | $1,345 |
| Windsor Park | $1,345 |
| Greenshores | $1,336 |
| Long Canyon | $1,336 |
| River Pointe | $1,336 |
| Martin Luther King | $1,335 |
| Brentwood | $1,323 |
| Mueller | $1,322 |
| North Shoal Creek | $1,316 |
| Wooten | $1,316 |
| Bauerle Ranch | $1,313 |
| Bluebell Ridge | $1,309 |
| Bradshaw Crossing | $1,309 |
| North Burnet | $1,305 |
| North Civic Association | $1,305 |
| Olympic Heights | $1,300 |
| The Oak at Twin Creeks | $1,300 |
| East Riverside - Oltorf | $1,297 |
| Montopolis | $1,297 |
| Angus Valley | $1,293 |
| Milwood | $1,293 |
| Scofield Farms | $1,293 |
| Tanglewood Oaks | $1,289 |
| Walnut Crossing | $1,283 |
| Buckingham Estates | $1,276 |
| Canyon Creek | $1,260 |
| Grandview Hills | $1,260 |
| Garrison Park | $1,258 |
| South Manchaca | $1,258 |
| Westgate | $1,258 |
| Harris Branch | $1,251 |
| Pioneer Crossing | $1,251 |
| Promontory Point | $1,251 |
| Jester Estates | $1,250 |
| Balcones Woods | $1,250 |
| Gateway | $1,250 |
| Great Hills | $1,250 |
| Mesa Park | $1,250 |
| Northwood | $1,245 |
| Allandale | $1,245 |
| Cat Mountain | $1,232 |
| Northwest Hills | $1,232 |
| Gracywoods | $1,228 |
| River Oaks | $1,228 |
| Rosedale | $1,220 |
| Anderson Mill - Jollyville | $1,214 |
| Upper Boggy Creek | $1,195 |
| McKinney Heights | $1,191 |
| Onion Creek | $1,191 |
| The Courtyard | $1,188 |
| Agave | $1,174 |
| Colony Park | $1,174 |
| North Point | $1,174 |
| The Woodlands | $1,174 |
| Bluff Springs | $1,160 |
| Colorado Crossing | $1,160 |
| Franklin Park | $1,160 |
| McKinney | $1,160 |
| Pilot Knob | $1,160 |
| Copperfield | $1,158 |
| Crestview | $1,157 |
| Georgian Acres | $1,129 |
| Harris Ridge | $1,129 |
| Heritage Hills | $1,129 |
| North Lamar | $1,129 |
| Windsor Hills | $1,129 |
| Coronado Hills | $1,099 |
| Highland | $1,099 |
| St Johns | $1,099 |
| Johnston Terrace | $1,044 |
The most affordable neighborhoods in Austin are Johnston Terrace, where the average rent goes for $1,044/month, Coronado Hills, where renters pay $1,099/mo on average, and Highland, where the average rent goes for $1,099/mo. If you’re looking for other great deals, check out the listings from St Johns ($1,099), Georgian Acres ($1,129), and Harris Ridge ($1,129), where the asking prices are below the average Austin rent of $1,388/mo.
The most expensive neighborhoods in Austin are West University ($2,400), University of Texas at Austin ($2,471) and Downtown Austin ($2,596).
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 30 verified RENTCafé listings with an average rent of $1,297. Next up is Anderson Mill - Jollyville, where apartments go for $1,214/month, followed by Northwest Hills with $1,232 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Downtown Austin, where renters pay $2,596 on average, and Upper Boggy Creek, where the average monthly rent is $1,195.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 6% lower than in Allandale
Agave rent is 15% lower than Austin average
| Average Rent | $1,174 |
|---|
Allandale rent is 10% lower than Austin average
| Average Rent | $1,245 |
|---|
How Austin Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,110 | n/a |
| Dallas | $1,256 | 1% |
| Austin | $1,388 | -3% |
| San Antonio | $1,055 | 1% |
| Fort Worth | $1,182 | 5% |
| Irving | $1,191 | -1% |
| Round Rock | $1,219 | 2% |
| Pflugerville | $1,240 | -3% |
| Wells Branch | $1,166 | -1% |
| Cedar Park | $1,318 | 1% |
| Georgetown | $1,381 | 10% |
For more information about the Austin rental trends, check out our monthly rent report
Check out Texas Cities, Texas Neighborhoods and Texas Zip Codes for more details on verified listings, including the Texas Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!