Downtown Austin, Austin, TX Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Austin is $3,291, a 0.85% decrease compared to the previous year, when the average rent was $3,319.
Studio Apartments at $1,984 offer the most budget-friendly option with 485 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 792 square feet for $2,820, balancing privacy and affordability.
Two-bedroom units at $4,242 offer 1,266 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,857 sq ft) for $6,513, suitable for larger households.
Average rent in Downtown Austin, Austin, TX
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,291 | 941 sq. ft. |
| Studio | $1,984 | 485 sq. ft. |
| 1 Bed | $2,820 | 792 sq. ft. |
| 2 Beds | $4,242 | 1,266 sq. ft. |
| 3 Beds | $6,513 | 1,857 sq. ft. |
Downtown Austin, Austin, TX rent trends
Rental prices in Downtown Austin, Austin, TX have decreased by 0.85% over the past year. The average rent moved from $3,319 to $3,291.
What's the typical rent budget in Downtown Austin, Austin, TX?
The largest share of rentals in Downtown Austin, Austin, TX (47%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Austin, Austin, TX?
4,109 or 55% of the households in Downtown Austin, Austin, TX are renter-occupied while 3,403 or 45% are owner-occupied.
Most affordable neighborhoods in Downtown Austin?
Mesa Park $919/month
Georgian Acres $947/month
Heritage Hills $958/month
All of these neighborhoods fall below the city wide average of $1,641/month.Most expensive neighborhoods in Downtown Austin?
Bouldin Creek $2,621/month
Downtown Austin $3,291/month
West University $3,489/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West University | $3,489 |
| Downtown Austin | $3,291 |
| Bouldin Creek | $2,621 |
| Central East Austin | $2,461 |
| SoCo | $2,366 |
| Clarksville | $2,315 |
| Tarrytown West Austin | $2,273 |
| Mueller | $2,270 |
| Westlake | $2,251 |
| Zilker | $2,151 |
| Rosedale | $2,122 |
| North University | $2,122 |
| The Triangle | $1,975 |
| East Cesar Chavez | $1,973 |
| Holly | $1,965 |
| Steiner Ranch | $1,961 |
| Rosewood | $1,949 |
| Travis Heights | $1,949 |
| Govalle | $1,925 |
| Johnston Terrace | $1,914 |
| Hancock | $1,844 |
| Cedar Valley | $1,842 |
| Pilot Knob | $1,819 |
| Bee Cave Woods | $1,797 |
| North Burnet | $1,761 |
| Highland | $1,698 |
| Barton Hills | $1,695 |
| Long Canyon | $1,691 |
| Oak Hill | $1,680 |
| Brentwood | $1,651 |
| North Point | $1,650 |
| Allandale | $1,640 |
| Bluebell Ridge | $1,628 |
| Bauerle Ranch | $1,605 |
| River Place | $1,601 |
| The Woodlands | $1,597 |
| Martin Luther King | $1,595 |
| Angus Valley | $1,591 |
| Crestview | $1,583 |
| Galindo | $1,563 |
| Northwood | $1,558 |
| Avery Ranch | $1,556 |
| Montopolis | $1,553 |
| Pecan Springs Springdale | $1,549 |
| North Loop | $1,513 |
| South Congress | $1,506 |
| South Lamar | $1,502 |
| Buckingham Estates | $1,495 |
| Jester Estates | $1,494 |
| Apache Shores | $1,486 |
| Gateway | $1,462 |
| The Oak at Twin Creeks | $1,455 |
| Pioneer Crossing | $1,452 |
| Canyon Creek | $1,446 |
| McKinney Heights | $1,440 |
| North Shoal Creek | $1,435 |
| Scofield Farms | $1,415 |
| Tanglewood Oaks | $1,412 |
| Great Hills | $1,407 |
| Bluff Springs | $1,406 |
| River Oaks | $1,393 |
| Dawson | $1,386 |
| East Riverside - Oltorf | $1,373 |
| Gracywoods | $1,364 |
| Windsor Park | $1,362 |
| Milwood | $1,358 |
| Upper Boggy Creek | $1,356 |
| Garrison Park | $1,355 |
| Copperfield | $1,353 |
| Anderson Mill - Jollyville | $1,336 |
| Hyde Park | $1,318 |
| Olympic Heights | $1,306 |
| Walnut Crossing | $1,288 |
| Harris Ridge | $1,278 |
| Balcones Woods | $1,273 |
| Onion Creek | $1,266 |
| Northwest Hills | $1,193 |
| Wooten | $1,175 |
| Franklin Park | $1,173 |
| St Johns | $1,112 |
| Promontory Point | $1,103 |
| North Lamar | $1,093 |
| South Manchaca | $1,090 |
| University Hills | $1,079 |
| Westgate | $1,070 |
| Windsor Hills | $1,062 |
| North Civic Association | $1,055 |
| Heritage Hills | $958 |
| Georgian Acres | $947 |
| Mesa Park | $919 |
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Austin | Rent Comparison by Neighborhood
Rent in Downtown Austin is 101% higher than in Allandale
$3,291
Downtown Austin rent is the same as Austin average
Average Rent
$3,291
$1,640
Allandale rent is 50% lower than Austin average
Average Rent
$1,640
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Austin apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.