Austin, TX Rental Market Trends
What is the average rent in Austin?
The average rent for an apartment in Austin is $1,735. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Austin, TX
| Average Rent | Average Apartment Size |
|---|---|
| $1,735 | 862 sq. ft. |
What is the average apartment size in Austin?
The average size for a Austin, TX apartment is 862 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
190,324 or 48% of the households in Austin, TX are renter-occupied while 204,956 or 51% are owner-occupied.
Austin, TX Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Austin, TX | $1,368 | $1,370 | $1,427 | $1,442 | $1,445 | $1,410 | $1,372 | $1,411 | $1,591 | $1,690 | $1,735 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Austin | $3,163 |
| Clarksville | $2,954 |
| Tarrytown West Austin | $2,954 |
| University of Texas at Austin | $2,769 |
| Old West Austin | $2,663 |
| North University | $2,556 |
| West University | $2,556 |
| Central East Austin | $2,305 |
| Chestnut | $2,305 |
| East Cesar Chavez | $2,305 |
| Govalle | $2,305 |
| Holly | $2,305 |
| Hancock | $2,288 |
| The Triangle | $2,288 |
| Rosewood | $2,183 |
| Apache Shores | $2,060 |
| Balcones Park | $2,000 |
| Bee Cave Woods | $1,984 |
| Rob Roy | $1,984 |
| Stratford Hills | $1,984 |
| Westlake | $1,984 |
| Cedar Valley | $1,953 |
| Steiner Ranch | $1,928 |
| Barton Hills | $1,920 |
| Bouldin Creek | $1,918 |
| Dawson | $1,918 |
| Galindo | $1,918 |
| SoCo | $1,918 |
| South Lamar | $1,918 |
| Travis Heights | $1,918 |
| Zilker | $1,918 |
| Circle C | $1,905 |
| River Place | $1,821 |
| Oak Hill | $1,774 |
| Avery Ranch | $1,764 |
| South Congress | $1,759 |
| Greenshores | $1,735 |
| Long Canyon | $1,735 |
| River Pointe | $1,735 |
| Hyde Park | $1,730 |
| North Loop | $1,730 |
| Angus Valley | $1,719 |
| Milwood | $1,719 |
| Scofield Farms | $1,719 |
| North Burnet | $1,693 |
| North Civic Association | $1,693 |
| Walnut Crossing | $1,660 |
| Bluebell Ridge | $1,652 |
| Bradshaw Crossing | $1,652 |
| Bauerle Ranch | $1,649 |
| Canyon Creek | $1,644 |
| Grandview Hills | $1,644 |
| Pecan Springs Springdale | $1,644 |
| University Hills | $1,644 |
| Windsor Park | $1,644 |
| Martin Luther King | $1,640 |
| Olympic Heights | $1,632 |
| The Oak at Twin Creeks | $1,632 |
| Northwood | $1,629 |
| Brentwood | $1,628 |
| Mueller | $1,627 |
| Tanglewood Oaks | $1,608 |
| North Shoal Creek | $1,606 |
| Wooten | $1,606 |
| Jester Estates | $1,597 |
| Buckingham Estates | $1,588 |
| Harris Branch | $1,586 |
| Pioneer Crossing | $1,586 |
| Promontory Point | $1,586 |
| East Riverside - Oltorf | $1,583 |
| Montopolis | $1,583 |
| Balcones Woods | $1,582 |
| Gateway | $1,582 |
| Great Hills | $1,582 |
| Mesa Park | $1,582 |
| Anderson Mill - Jollyville | $1,568 |
| Gracywoods | $1,556 |
| River Oaks | $1,556 |
| Garrison Park | $1,554 |
| South Manchaca | $1,554 |
| Westgate | $1,554 |
| Cat Mountain | $1,550 |
| Northwest Hills | $1,550 |
| Agave | $1,543 |
| Colony Park | $1,543 |
| Johnston Terrace | $1,543 |
| North Point | $1,543 |
| The Woodlands | $1,543 |
| Allandale | $1,535 |
| McKinney Heights | $1,529 |
| Onion Creek | $1,529 |
| Upper Boggy Creek | $1,523 |
| Rosedale | $1,513 |
| Bluff Springs | $1,495 |
| Colorado Crossing | $1,495 |
| Franklin Park | $1,495 |
| McKinney | $1,495 |
| Pilot Knob | $1,495 |
| The Courtyard | $1,472 |
| Crestview | $1,437 |
| Copperfield | $1,425 |
| Coronado Hills | $1,385 |
| Highland | $1,385 |
| St Johns | $1,385 |
| Georgian Acres | $1,371 |
| Harris Ridge | $1,371 |
| Heritage Hills | $1,371 |
| North Lamar | $1,371 |
| Windsor Hills | $1,371 |
What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Georgian Acres, where the average rent goes for $1,371/month, Harris Ridge, where renters pay $1,371/mo on average, and Heritage Hills, where the average rent goes for $1,371/mo. If you’re looking for other great deals, check out the listings from North Lamar ($1,371), Windsor Hills ($1,371), and Coronado Hills ($1,385), where the asking prices are below the average Austin rent of $1,735/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are Clarksville ($2,954), Tarrytown West Austin ($2,954) and Downtown Austin ($3,163).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 32 verified RentCafe listings with an average rent of $1,583. Next up is Anderson Mill - Jollyville, where apartments go for $1,568/month, followed by Oak Hill with $1,774 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Downtown Austin, where renters pay $3,163 on average, and Northwest Hills, where the average monthly rent is $1,550.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 1% higher than in Allandale
Agave rent is 11% lower than Austin average
| Average Rent | $1,543 |
|---|
Allandale rent is 12% lower than Austin average
| Average Rent | $1,535 |
|---|
How Austin Compares to Other Cities
| City | Average Rent |
|---|---|
| Houston | $1,263 |
| Dallas | $1,474 |
| San Antonio | $1,230 |
| Austin | $1,735 |
| Fort Worth | $1,356 |
| Arlington | $1,250 |
| Irving | $1,427 |
| Denton | $1,421 |
| Plano | $1,724 |
| Spring | $1,481 |
| Forney | $1,352 |
| Round Rock | $1,547 |
| New Braunfels | $1,464 |
| Pflugerville | $1,614 |
| San Marcos | $1,536 |
| Georgetown | $1,695 |
| Wells Branch | $1,519 |
| Leander | $1,707 |
| Cedar Park | $1,679 |
| Kyle | $1,563 |
| Killeen | $954 |
Most Popular Apartments in Austin
The Collection Lady Bird Lake
2409 Town Lake Circle, Austin, TX 78741- Studio
- 1 BED
- 2 BEDS
- Ask for pricing
- $1,265+
- $1,700
Juniper Springs Apartments
3500 Greystone Drive, Austin, TX 78731- 1 BED
- 2 BEDS
- 3 BEDS
- $1,421+
- $1,695+
- Ask for pricing
Villas At Stone Oak Ranch
13021 Legendary Dr, Austin, TX 78727- 1 BED
- 2 BEDS
- 3 BEDS
- $1,495+
- $1,972+
- $2,281+
FLORA
5406 Middle Fiskville Rd, Austin, TX 78751- Studio
- 1 BED
- 2 BEDS
- $1,475+
- $1,430+
- Ask for pricing
Le Montreaux Apartments
3605 Steck Ave., Austin, TX 78759- 1 BED
- 2 BEDS
- 3+ BEDS
- $1,379+
- $1,765+
- $2,105+
Ethos Apartments
8001 S IH 35 Frontage Road, Austin, TX 78744- 1 BED
- 2 BEDS
- 3 BEDS
- $1,415+
- $1,765
- $2,398