Austin, TX Rental Market Trends
What is the average rent in Austin?
The average rent for an apartment in Austin is $1,431, a 1% increase compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Austin, TX.
Average Rent in Austin, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,431 | 1% | 864 sq. ft. |
What is the average apartment size in Austin?
The average size for a Austin, TX apartment is 864 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-$1,00016%
- $1,001-$1,50053%
- $1,501-$2,00020%
- > $2,00010%
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 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Austin, TX | $1,299 | $1,338 | $1,368 | $1,370 | $1,427 | $1,442 | $1,445 | $1,410 | $1,372 | $1,411 | $1,431 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Austin | $2,709 |
| Clarksville | $2,489 |
| Tarrytown West Austin | $2,489 |
| University of Texas at Austin | $2,489 |
| Old West Austin | $2,399 |
| North University | $2,365 |
| West University | $2,365 |
| Hancock | $2,056 |
| The Triangle | $2,056 |
| Central East Austin | $1,868 |
| Chestnut | $1,868 |
| East Cesar Chavez | $1,868 |
| Govalle | $1,868 |
| Holly | $1,868 |
| Rosewood | $1,744 |
| Balcones Park | $1,645 |
| Bouldin Creek | $1,571 |
| Dawson | $1,571 |
| Galindo | $1,571 |
| SoCo | $1,571 |
| South Lamar | $1,571 |
| Travis Heights | $1,571 |
| Zilker | $1,571 |
| Apache Shores | $1,561 |
| Steiner Ranch | $1,557 |
| Barton Hills | $1,556 |
| Bee Cave Woods | $1,532 |
| Rob Roy | $1,532 |
| Stratford Hills | $1,532 |
| Westlake | $1,532 |
| Cedar Valley | $1,495 |
| River Place | $1,452 |
| Circle C | $1,449 |
| Hyde Park | $1,437 |
| North Loop | $1,437 |
| South Congress | $1,431 |
| Oak Hill | $1,425 |
| Avery Ranch | $1,368 |
| Greenshores | $1,367 |
| Long Canyon | $1,367 |
| River Pointe | $1,367 |
| Pecan Springs Springdale | $1,360 |
| University Hills | $1,360 |
| Windsor Park | $1,360 |
| Angus Valley | $1,358 |
| Milwood | $1,358 |
| Scofield Farms | $1,358 |
| Martin Luther King | $1,355 |
| Mueller | $1,333 |
| North Burnet | $1,328 |
| North Civic Association | $1,328 |
| Brentwood | $1,315 |
| East Riverside - Oltorf | $1,314 |
| Montopolis | $1,314 |
| North Shoal Creek | $1,312 |
| Wooten | $1,312 |
| Bauerle Ranch | $1,308 |
| Walnut Crossing | $1,302 |
| Olympic Heights | $1,300 |
| The Oak at Twin Creeks | $1,300 |
| Bluebell Ridge | $1,288 |
| Bradshaw Crossing | $1,288 |
| Tanglewood Oaks | $1,284 |
| Harris Branch | $1,278 |
| Pioneer Crossing | $1,278 |
| Promontory Point | $1,278 |
| Canyon Creek | $1,273 |
| Grandview Hills | $1,273 |
| Buckingham Estates | $1,273 |
| Northwood | $1,266 |
| Garrison Park | $1,252 |
| South Manchaca | $1,252 |
| Westgate | $1,252 |
| Gracywoods | $1,242 |
| River Oaks | $1,242 |
| Jester Estates | $1,241 |
| Allandale | $1,236 |
| Balcones Woods | $1,233 |
| Gateway | $1,233 |
| Great Hills | $1,233 |
| Mesa Park | $1,233 |
| Cat Mountain | $1,217 |
| Northwest Hills | $1,217 |
| Rosedale | $1,210 |
| Anderson Mill - Jollyville | $1,206 |
| McKinney Heights | $1,188 |
| Onion Creek | $1,188 |
| Upper Boggy Creek | $1,181 |
| The Courtyard | $1,178 |
| Crestview | $1,165 |
| Copperfield | $1,163 |
| Bluff Springs | $1,160 |
| Colorado Crossing | $1,160 |
| Franklin Park | $1,160 |
| McKinney | $1,160 |
| Pilot Knob | $1,160 |
| Johnston Terrace | $1,148 |
| Georgian Acres | $1,128 |
| Harris Ridge | $1,128 |
| Heritage Hills | $1,128 |
| North Lamar | $1,128 |
| Windsor Hills | $1,128 |
| Agave | $1,113 |
| Colony Park | $1,113 |
| North Point | $1,113 |
| The Woodlands | $1,113 |
| Coronado Hills | $1,112 |
| Highland | $1,112 |
| St Johns | $1,112 |
What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Coronado Hills, where the average rent goes for $1,112/month, Highland, where renters pay $1,112/mo on average, and St Johns, where the average rent goes for $1,112/mo. If you’re looking for other great deals, check out the listings from Agave ($1,113), Colony Park ($1,113), and North Point ($1,113), where the asking prices are below the average Austin rent of $1,431/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are Clarksville ($2,489), Tarrytown West Austin ($2,489) and Downtown Austin ($2,709).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 30 verified RENTCafé listings with an average rent of $1,314. Next up is Anderson Mill - Jollyville, where apartments go for $1,206/month, followed by Northwest Hills with $1,217 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Oak Hill, where renters pay $1,425 on average, and Downtown Austin, where the average monthly rent is $2,709.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 10% lower than in Allandale
Agave rent is 22% lower than Austin average
| Average Rent | $1,113 |
|---|
Allandale rent is 14% lower than Austin average
| Average Rent | $1,236 |
|---|
How Austin Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Houston | $1,132 | 2% |
| Dallas | $1,276 | 2% |
| Austin | $1,431 | 1% |
| San Antonio | $1,077 | 3% |
| Fort Worth | $1,209 | 6% |
| Humble | $1,111 | 2% |
| Round Rock | $1,253 | 4% |
| New Braunfels | $1,247 | 4% |
| Liberty Hill | $1,320 | 4% |
| Killeen | $831 | 8% |
| Wells Branch | $1,181 | -2% |