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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Austin, TX Rental Market Trends

Highlights

The average rent for an apartment in Austin is $1,439, a 5% increase compared to the previous year.

Average Rent in Austin, TX

Last updated February 2020
Average Rent Y-o-Y Change Average Apartment Size
$1,439 5% 864 sq. ft.

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-$1,00015%
  • $1,001-$1,50053%
  • $1,501-$2,00021%
  • > $2,00010%

Austin, TX Occupied Housing Units

  • Renter-occupied Households48%
  • Owner-occupied Households51%

177,674 or 48% of the households in Austin, TX are renter-occupied while 192,369 or 51% are owner-occupied.

Austin, TX Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Austin, TX $1,303 $1,283 $1,306 $1,308 $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,439
National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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Average Rent in Austin, TX By Neighborhood

Neighborhood Average Rent
Johnston Terrace $1,061
Windsor Hills $1,110
North Lamar $1,110
Heritage Hills $1,110
Harris Ridge $1,110
Georgian Acres $1,110
St Johns $1,142
Highland $1,142
Coronado Hills $1,142
Copperfield $1,151
The Woodlands $1,183
North Point $1,183
Colony Park $1,183
Agave $1,183
Pilot Knob $1,187
McKinney $1,187
Franklin Park $1,187
Colorado Crossing $1,187
Bluff Springs $1,187
Crestview $1,208
Onion Creek $1,216
McKinney Heights $1,216
Westgate $1,250
South Manchaca $1,250
Garrison Park $1,250
Anderson Mill - Jollyville $1,250
River Oaks $1,251
Gracywoods $1,251
The Courtyard $1,269
Buckingham Estates $1,279
Promontory Point $1,281
Pioneer Crossing $1,281
Harris Branch $1,281
Northwest Hills $1,287
Cat Mountain $1,287
Rosedale $1,289
Tanglewood Oaks $1,290
Jester Estates $1,292
Northwood $1,294
Mesa Park $1,294
Great Hills $1,294
Grandview Hills $1,294
Gateway $1,294
Canyon Creek $1,294
Balcones Woods $1,294
Allandale $1,317
The Oak at Twin Creeks $1,318
Olympic Heights $1,318
Bauerle Ranch $1,320
Upper Boggy Creek $1,327
Bradshaw Crossing $1,330
Bluebell Ridge $1,330
Walnut Crossing $1,336
Scofield Farms $1,355
Milwood $1,355
Angus Valley $1,355
North Civic Association $1,360
North Burnet $1,360
Montopolis $1,361
East Riverside - Oltorf $1,361
Brentwood $1,392
River Pointe $1,395
Long Canyon $1,395
Greenshores $1,395
Wooten $1,404
North Shoal Creek $1,404
Avery Ranch $1,418
Mueller $1,429
Oak Hill $1,432
Martin Luther King $1,434
Windsor Park $1,447
University Hills $1,447
Pecan Springs Springdale $1,447
River Place $1,454
South Congress $1,472
Circle C $1,506
Cedar Valley $1,523
Steiner Ranch $1,528
North Loop $1,543
Hyde Park $1,543
Apache Shores $1,580
Barton Hills $1,617
Zilker $1,638
Travis Heights $1,638
South Lamar $1,638
SoCo $1,638
Galindo $1,638
Dawson $1,638
Bouldin Creek $1,638
Westlake $1,675
Stratford Hills $1,675
Rob Roy $1,675
Bee Cave Woods $1,675
Balcones Park $1,708
Rosewood $1,842
Holly $1,960
Govalle $1,960
East Cesar Chavez $1,960
Chestnut $1,960
Central East Austin $1,960
The Triangle $2,145
Hancock $2,145
West University $2,442
North University $2,442
Old West Austin $2,458
Tarrytown West Austin $2,500
Clarksville $2,500
University of Texas at Austin $2,581
Downtown Austin $2,826
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The most affordable neighborhoods in Austin are Johnston Terrace, where the average rent goes for $1,061/month, Georgian Acres, where renters pay $1,110/mo on average, and Harris Ridge, where the average rent goes for $1,110/mo. If you’re looking for other great deals, check out the listings from Heritage Hills ($1,110), North Lamar ($1,110), and Windsor Hills ($1,110), where the asking prices are below the average Austin rent of $1,439/mo.

The most expensive neighborhoods in Austin are Tarrytown West Austin ($2,500), University of Texas at Austin ($2,581) and Downtown Austin ($2,826).

The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 29 verified RENTCafé listings with an average rent of $1,361. Next up is Anderson Mill - Jollyville, where apartments go for $1,250/month, followed by Northwest Hills with $1,287 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Downtown Austin, where renters pay $2,826 on average, and North Civic Association, where the average monthly rent is $1,360.

Austin | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Agave is 10% lower than in Allandale

$1,183

Agave rent is 18% lower than Austin average

Average Rent $1,183
$1,317

Allandale rent is 9% lower than Austin average

Average Rent $1,317

How Austin Compares to Other Cities

Average Rent Y-o-Y Change
Houston $1,118 2%
Dallas $1,250 4%
Austin $1,439 5%
San Antonio $1,049 3%
Fort Worth $1,128 3%
Irving $1,206 5%
Round Rock $1,203 4%
Wells Branch $1,211 9%
Pflugerville $1,281 3%
Cedar Park $1,318 7%
Georgetown $1,239 4%

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!

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.