Austin, TX Rental Market Trends

Highlights

The average rent for an apartment in Austin is $1,364, a 5% increase compared to the previous year, when the average rent was $1,303.

Average Rent in Austin, TX

Last updated Feb 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,364	5%	884 sq. ft.

The average size for a Austin, TX apartment is 884 square feet, but this number varies greatly depending on apartment type. 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-$1,00022%
$1,001-$1,50051%
$1,501-$2,00017%
> $2,0009%

Austin, TX Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Feb / 2019
Austin, TX	$1,268	$1,294	$1,303	$1,282	$1,305	$1,303	$1,294	$1,297	$1,364
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Austin, TX By Neighborhood

Average Rent
Neighborhood	Average Rent
Johnston Terrace	$994
Windsor Hills	$1,034
North Lamar	$1,034
Heritage Hills	$1,034
Harris Ridge	$1,034
Georgian Acres	$1,034
St Johns	$1,055
Highland	$1,055
Coronado Hills	$1,055
Copperfield	$1,073
Pilot Knob	$1,122
McKinney	$1,122
Franklin Park	$1,122
Colorado Crossing	$1,122
Bluff Springs	$1,122
Crestview	$1,130
The Woodlands	$1,160
North Point	$1,160
Colony Park	$1,160
Agave	$1,160
Onion Creek	$1,160
McKinney Heights	$1,160
River Oaks	$1,166
Gracywoods	$1,166
Grandview Hills	$1,171
Canyon Creek	$1,171
Mesa Park	$1,183
Great Hills	$1,183
Gateway	$1,183
Balcones Woods	$1,183
Jester Estates	$1,187
Northwest Hills	$1,191
Cat Mountain	$1,191
Anderson Mill - Jollyville	$1,193
Promontory Point	$1,202
Pioneer Crossing	$1,202
Harris Branch	$1,202
The Courtyard	$1,209
Northwood	$1,210
Westgate	$1,219
South Manchaca	$1,219
Garrison Park	$1,219
Rosedale	$1,225
Buckingham Estates	$1,232
Walnut Crossing	$1,235
Tanglewood Oaks	$1,244
The Oak at Twin Creeks	$1,250
Olympic Heights	$1,250
Allandale	$1,250
North Civic Association	$1,263
North Burnet	$1,263
Bauerle Ranch	$1,263
Scofield Farms	$1,265
Milwood	$1,265
Angus Valley	$1,265
Bradshaw Crossing	$1,271
Bluebell Ridge	$1,271
River Pointe	$1,277
Long Canyon	$1,277
Greenshores	$1,277
Avery Ranch	$1,287
Upper Boggy Creek	$1,298
Montopolis	$1,316
East Riverside - Oltorf	$1,316
Brentwood	$1,317
Wooten	$1,327
North Shoal Creek	$1,327
River Place	$1,368
Mueller	$1,373
Martin Luther King	$1,374
Windsor Park	$1,387
University Hills	$1,387
Pecan Springs Springdale	$1,387
Oak Hill	$1,399
South Congress	$1,441
Cedar Valley	$1,454
Steiner Ranch	$1,481
Apache Shores	$1,496
North Loop	$1,498
Hyde Park	$1,498
Circle C	$1,535
Barton Hills	$1,577
Westlake	$1,594
Stratford Hills	$1,594
Rob Roy	$1,594
Bee Cave Woods	$1,594
Zilker	$1,602
Travis Heights	$1,602
South Lamar	$1,602
SoCo	$1,602
Galindo	$1,602
Dawson	$1,602
Bouldin Creek	$1,602
Balcones Park	$1,644
Rosewood	$1,745
Holly	$1,896
Govalle	$1,896
East Cesar Chavez	$1,896
Chestnut	$1,896
Central East Austin	$1,896
The Triangle	$1,973
Hancock	$1,973
West University	$2,211
North University	$2,211
Old West Austin	$2,288
University of Texas at Austin	$2,388
Tarrytown West Austin	$2,504
Clarksville	$2,504
Downtown Austin	$2,719

The most affordable neighborhoods in Austin are Johnston Terrace, where the average rent goes for $994/month, Georgian Acres, where renters pay $1,034/mo on average, and Harris Ridge, where the average rent goes for $1,034/mo. If you’re looking for other great deals, check out the listings from Heritage Hills ($1,034), North Lamar ($1,034), and Windsor Hills ($1,034), where the asking prices are below the average Austin rent of $1,364/mo.

The most expensive neighborhoods in Austin are Clarksville ($2,504), Tarrytown West Austin ($2,504) and Downtown Austin ($2,719).

Austin | Rent Comparison by Neighborhood

Rent in Agave is 7% lower than in Allandale

$1,160

Agave rent is 15% lower than Austin average

Average Rent	$1,160

$1,250

Allandale rent is 8% lower than Austin average

Average Rent	$1,250

How Does Austin Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Houston	$1,092	2%
Dallas	$1,190	3%
Austin	$1,364	5%
Fort Worth	$1,073	4%
Corpus Christi	$975	1%
El Paso	$775	4%

For more information about the Austin rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

Mid-priced Listings on RENTCafé

Most Expensive Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Austin apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.