Austin, TX Rental Market Trends
What is the average rent in Austin?
The average rent for an apartment in Austin is $1,703. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Austin, TX
Last updated July 2024
| Average Rent | Average Apartment Size |
|---|---|
| $1,703 | 861 sq. ft. |
What is the average apartment size in Austin?
The average size for a Austin, TX apartment is 861 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
Austin, TX Occupied Housing Units
223,564 or 55% of the households in Austin, TX are renter-occupied while 180,557 or 45% are owner-occupied.
Austin, TX rent trends
Average Rent in Austin, TX By Neighborhood
| City | Average Rent |
|---|---|
| Downtown Austin | $3,157 |
| University of Texas at Austin | $3,028 |
| North University | $2,957 |
| West University | $2,957 |
| Old West Austin | $2,938 |
| Clarksville | $2,870 |
| Tarrytown West Austin | $2,870 |
| Hancock | $2,600 |
| The Triangle | $2,600 |
| Central East Austin | $2,065 |
| Chestnut | $2,065 |
| East Cesar Chavez | $2,065 |
| Govalle | $2,065 |
| Holly | $2,065 |
| Rosewood | $2,009 |
| Bee Cave Woods | $1,974 |
| Rob Roy | $1,974 |
| Stratford Hills | $1,974 |
| Westlake | $1,974 |
| Balcones Park | $1,919 |
| Apache Shores | $1,888 |
| Circle C | $1,885 |
| Barton Hills | $1,879 |
| Bouldin Creek | $1,838 |
| Dawson | $1,838 |
| Galindo | $1,838 |
| SoCo | $1,838 |
| South Lamar | $1,838 |
| Travis Heights | $1,838 |
| Zilker | $1,838 |
| Cedar Valley | $1,820 |
| Steiner Ranch | $1,808 |
| Johnston Terrace | $1,789 |
| Oak Hill | $1,737 |
| Martin Luther King | $1,700 |
| Agave | $1,688 |
| Colony Park | $1,688 |
| North Point | $1,688 |
| The Woodlands | $1,688 |
| River Place | $1,686 |
| Pecan Springs Springdale | $1,686 |
| University Hills | $1,686 |
| Windsor Park | $1,686 |
| Hyde Park | $1,681 |
| North Loop | $1,681 |
| South Congress | $1,681 |
| Mueller | $1,678 |
| Avery Ranch | $1,661 |
| North Burnet | $1,621 |
| North Civic Association | $1,621 |
| Angus Valley | $1,606 |
| Milwood | $1,606 |
| Scofield Farms | $1,606 |
| Upper Boggy Creek | $1,601 |
| Greenshores | $1,588 |
| Long Canyon | $1,588 |
| River Pointe | $1,588 |
| Walnut Crossing | $1,569 |
| Bluebell Ridge | $1,564 |
| Bradshaw Crossing | $1,564 |
| Brentwood | $1,546 |
| Bauerle Ranch | $1,537 |
| East Riverside - Oltorf | $1,536 |
| Montopolis | $1,536 |
| Northwood | $1,534 |
| Tanglewood Oaks | $1,523 |
| Gracywoods | $1,522 |
| River Oaks | $1,522 |
| Canyon Creek | $1,515 |
| Grandview Hills | $1,515 |
| North Shoal Creek | $1,515 |
| Wooten | $1,515 |
| Olympic Heights | $1,510 |
| Garrison Park | $1,506 |
| South Manchaca | $1,506 |
| Westgate | $1,506 |
| Buckingham Estates | $1,505 |
| The Oak at Twin Creeks | $1,504 |
| Harris Branch | $1,493 |
| Pioneer Crossing | $1,493 |
| Promontory Point | $1,493 |
| Jester Estates | $1,482 |
| Balcones Woods | $1,476 |
| Gateway | $1,476 |
| Great Hills | $1,476 |
| Mesa Park | $1,476 |
| McKinney Heights | $1,473 |
| Onion Creek | $1,473 |
| Allandale | $1,466 |
| Anderson Mill - Jollyville | $1,462 |
| Cat Mountain | $1,457 |
| Northwest Hills | $1,457 |
| Rosedale | $1,452 |
| Bluff Springs | $1,440 |
| Colorado Crossing | $1,440 |
| Franklin Park | $1,440 |
| McKinney | $1,440 |
| Pilot Knob | $1,440 |
| Crestview | $1,437 |
| Copperfield | $1,422 |
| Coronado Hills | $1,415 |
| Highland | $1,415 |
| St Johns | $1,415 |
| The Courtyard | $1,409 |
| Georgian Acres | $1,390 |
| Harris Ridge | $1,390 |
| Heritage Hills | $1,390 |
| North Lamar | $1,390 |
| Windsor Hills | $1,390 |
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What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Georgian Acres, where the average rent goes for $1,390/month, Harris Ridge, where renters pay $1,390/mo on average, and Heritage Hills, where the average rent goes for $1,390/mo. If you’re looking for other great deals, check out the listings from North Lamar ($1,390), Windsor Hills ($1,390), and The Courtyard ($1,409), where the asking prices are below the average Austin rent of $1,703/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are West University ($2,957), University of Texas at Austin ($3,028) and Downtown Austin ($3,157).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 27 listings with an average rent of $1,536. Next up is Anderson Mill - Jollyville, where apartments go for $1,462/month, followed by Downtown Austin with $3,157 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Oak Hill, where renters pay $1,737 on average, and Avery Ranch, where the average monthly rent is $1,661.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 15% higher than in Allandale
$1,688
Agave rent is 1% lower than Austin average
Average Rent
$1,688
$1,466
Allandale rent is 14% lower than Austin average
Average Rent
$1,466
How Austin Compares to Other Cities
| State | Average Rent |
|---|---|
| Houston | $1,353 |
| Dallas | $1,571 |
| Austin | $1,703 |
| San Antonio | $1,285 |
| Fort Worth | $1,447 |
| Irving | $1,508 |
| Plano | $1,734 |
| Conroe | $1,363 |
| Katy | $1,597 |
| Arlington | $1,357 |
| Spring | $1,553 |
| Georgetown | $1,637 |
| Pflugerville | $1,578 |
| Round Rock | $1,514 |
| Leander | $1,627 |
| San Marcos | $1,746 |
| Hutto | $1,598 |
| Cedar Park | $1,590 |
| Kyle | $1,527 |
| Manor | $1,490 |
| Buda | $1,500 |
What is the average price for a storage unit in Austin?
The average rent for a non-climate-controlled 10'x10' storage unit in Austin is $139.59. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Austin
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Vibe On Riverside
1600 Wickersham Lane, Austin, TX 78741| 1 BED | $1,150+ |
| 2 BEDS | $1,245+ |
| 4 BEDS | $1,749+ |
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Collective On Riverside
1515 Wickersham Lane, Austin, TX 78741| 1 BED | $1,199+ |
| 2 BEDS | $1,385+ |
| 3+ BEDS | $1,835+ |
Le Montreaux Apartments
3605 Steck Ave., Austin, TX 78759| 1 BED | $1,193+ |
| 2 BEDS | $1,400+ |
| 3+ BEDS | $2,116+ |
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Northland At The Arboretum
11500 Jollyville Road, Austin, TX 78759| 1 BED | $1,070+ |
| 2 BEDS | $1,260+ |
| 3 BEDS | $1,970+ |
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Spicewood Springs Apartment Homes
8617 Spicewood Springs Road, Austin, TX 78759| 1 BED | $995 |
| 2 BEDS | $1,350 |