Downtown Austin, Austin, TX Rental Market Trends
What is the average rent in Downtown Austin?
The average rent for an apartment in Downtown Austin is $3,058. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Downtown Austin, Austin, TX
Last updated November 2024
| Average Rent | Average Apartment Size |
|---|---|
| $3,058 | 921 sq. ft. |
What is the average apartment size in Downtown Austin, Austin, TX?
The average size for a Downtown Austin, Austin, TX apartment is 921 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.
Downtown Austin, Austin, TX apartment rent ranges
Downtown Austin, Austin, TX Occupied Housing Units
3,373 or 51% of the households in Downtown Austin, Austin, TX are renter-occupied while 3,294 or 49% are owner-occupied.
Downtown Austin, Austin, TX rent trends
Average Rent in Austin, TX By Neighborhood
| City | Average Rent |
|---|---|
| Downtown Austin | $3,058 |
| University of Texas at Austin | $3,016 |
| North University | $2,991 |
| West University | $2,991 |
| Old West Austin | $2,938 |
| Clarksville | $2,743 |
| Tarrytown West Austin | $2,743 |
| Hancock | $2,607 |
| The Triangle | $2,607 |
| Central East Austin | $2,126 |
| Chestnut | $2,126 |
| East Cesar Chavez | $2,126 |
| Govalle | $2,126 |
| Holly | $2,126 |
| Rosewood | $2,086 |
| Steiner Ranch | $1,952 |
| Johnston Terrace | $1,896 |
| Circle C | $1,891 |
| Balcones Park | $1,883 |
| Bouldin Creek | $1,872 |
| Dawson | $1,872 |
| Galindo | $1,872 |
| SoCo | $1,872 |
| South Lamar | $1,872 |
| Travis Heights | $1,872 |
| Zilker | $1,872 |
| Barton Hills | $1,857 |
| Bee Cave Woods | $1,846 |
| Rob Roy | $1,846 |
| Stratford Hills | $1,846 |
| Westlake | $1,846 |
| Upper Boggy Creek | $1,821 |
| Apache Shores | $1,806 |
| River Place | $1,780 |
| Cedar Valley | $1,741 |
| Martin Luther King | $1,737 |
| Mueller | $1,730 |
| Pecan Springs Springdale | $1,718 |
| University Hills | $1,718 |
| Windsor Park | $1,718 |
| Oak Hill | $1,703 |
| Agave | $1,691 |
| Colony Park | $1,691 |
| North Point | $1,691 |
| The Woodlands | $1,691 |
| South Congress | $1,687 |
| Hyde Park | $1,649 |
| North Loop | $1,649 |
| Greenshores | $1,642 |
| Long Canyon | $1,642 |
| River Pointe | $1,642 |
| North Burnet | $1,618 |
| North Civic Association | $1,618 |
| Avery Ranch | $1,592 |
| Angus Valley | $1,571 |
| Milwood | $1,571 |
| Scofield Farms | $1,571 |
| Walnut Crossing | $1,557 |
| Bluebell Ridge | $1,540 |
| Bradshaw Crossing | $1,540 |
| Bauerle Ranch | $1,528 |
| Gracywoods | $1,526 |
| River Oaks | $1,526 |
| Brentwood | $1,511 |
| North Shoal Creek | $1,508 |
| Wooten | $1,508 |
| East Riverside - Oltorf | $1,507 |
| Montopolis | $1,507 |
| Tanglewood Oaks | $1,504 |
| Northwood | $1,489 |
| Allandale | $1,483 |
| Olympic Heights | $1,483 |
| Rosedale | $1,476 |
| Buckingham Estates | $1,474 |
| Garrison Park | $1,474 |
| South Manchaca | $1,474 |
| The Oak at Twin Creeks | $1,474 |
| Westgate | $1,474 |
| McKinney Heights | $1,473 |
| Onion Creek | $1,473 |
| Canyon Creek | $1,471 |
| Grandview Hills | $1,471 |
| The Courtyard | $1,465 |
| Cat Mountain | $1,462 |
| Northwest Hills | $1,462 |
| Balcones Woods | $1,460 |
| Gateway | $1,460 |
| Great Hills | $1,460 |
| Mesa Park | $1,460 |
| Jester Estates | $1,457 |
| Harris Branch | $1,457 |
| Pioneer Crossing | $1,457 |
| Promontory Point | $1,457 |
| Crestview | $1,451 |
| Bluff Springs | $1,446 |
| Colorado Crossing | $1,446 |
| Franklin Park | $1,446 |
| McKinney | $1,446 |
| Pilot Knob | $1,446 |
| Coronado Hills | $1,436 |
| Highland | $1,436 |
| St Johns | $1,436 |
| Anderson Mill - Jollyville | $1,423 |
| Copperfield | $1,418 |
| Georgian Acres | $1,401 |
| Harris Ridge | $1,401 |
| Heritage Hills | $1,401 |
| North Lamar | $1,401 |
| Windsor Hills | $1,401 |
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What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Georgian Acres, where the average rent goes for $1,401/month, Harris Ridge, where renters pay $1,401/mo on average, and Heritage Hills, where the average rent goes for $1,401/mo. If you’re looking for other great deals, check out the listings from North Lamar ($1,401), Windsor Hills ($1,401), and Copperfield ($1,418), where the asking prices are below the average Austin rent of $1,696/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are West University ($2,991), University of Texas at Austin ($3,016) and Downtown Austin ($3,058).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 26 listings with an average rent of $1,507. Next up is Anderson Mill - Jollyville, where apartments go for $1,423/month, followed by Oak Hill with $1,703 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Avery Ranch, where renters pay $1,592 on average, and Downtown Austin, where the average monthly rent is $3,058.
Austin | Rent Comparison by Neighborhood
Rent in Downtown Austin is 81% higher than in Agave
$3,058
Downtown Austin rent is the same as Austin average
Average Rent
$3,058
$1,691
Agave rent is 45% lower than Austin average
Average Rent
$1,691
How Austin Compares to Other Cities
| State | Average Rent |
|---|---|
| Houston | $1,355 |
| Dallas | $1,580 |
| Austin | $1,696 |
| San Antonio | $1,291 |
| Fort Worth | $1,443 |
| Irving | $1,512 |
| Plano | $1,736 |
| El Paso | $1,081 |
| Katy | $1,595 |
| Arlington | $1,377 |
| Denton | $1,636 |
| Georgetown | $1,600 |
| Round Rock | $1,474 |
| Pflugerville | $1,593 |
| Leander | $1,581 |
| San Marcos | $1,707 |
| Hutto | $1,591 |
| Cedar Park | $1,514 |
| Kyle | $1,461 |
| Buda | $1,475 |
| Manchaca | $1,888 |
Most Popular Apartments in Austin
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Spicewood Springs Apartment Homes
8617 Spicewood Springs Road, Austin, TX 78759| 1 BED | $1,025 |
| 2 BEDS | $1,315 |
Northland At The Arboretum
11500 Jollyville Road, Austin, TX 78759| 1 BED | $1,035+ |
| 2 BEDS | $1,245+ |
| 3 BEDS | $1,700+ |
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Collective On Riverside
1515 Wickersham Lane, Austin, TX 78741| 1 BED | $1,099 |
| 2 BEDS | $1,385 |
| 3+ BEDS | $1,749+ |
Juniper Springs Apartments
3500 Greystone Drive, Austin, TX 78731| 1 BED | $1,139+ |
| 2 BEDS | $1,416+ |
| 3 BEDS | $1,849+ |
Le Montreaux Apartments
3605 Steck Ave., Austin, TX 78759| 1 BED | $1,122+ |
| 2 BEDS | $1,346+ |
| 3+ BEDS | $1,870+ |
Monterey Ranch
4701 Staggerbrush Road, Austin, TX 78749| STUDIO | $1,005+ |
| 1 BED | $1,010+ |
| 2+ BEDS | $1,220+ |
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