5 Austin Zip Codes Where You Can Find Luxury Apartments at Lower Rents

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Dreaming of upscale living in Austin, TX, but dreading the sky-high rents? You’re not alone. Beyond having a fancy mail address, living in a luxury apartment means enjoying a truly unique lifestyle. Think state-of-the-art fitness centers, resort-style pools, and community spaces designed for socializing — it’s all about coming home to a space that reflects your style and comfort.

In Austin, where the outdoor lifestyle reigns supreme, having a well-appointed home base is essential. Austin’s allure draws people from all over the country — yet while the city’s known for its culture and tech scene, the cost of renting luxury apartments here can be a hurdle even for high-earners.

But what if you could snag an upscale apartment without breaking the bank? The truth is, there are pockets within Austin where you can find stunning luxury apartments at significantly lower prices than the city average. Imagine enjoying top-notch amenities and modern finishes in a prime location, all while saving hundreds of dollars each month.

If you’re on the lookout for premium rentals in Austin, here are five zip codes where you’ll find them for considerably less than the city’s $1,772 average as of November 2024 for comparable luxury units:

Zip code 78729 allows maximum savings on luxury apartments

Topping our list is zip code 78729, where renters can save a solid $333 each month compared to the average luxury apartment in Austin. That means you can snag a high-end unit for just $1,439 in this part of the city. Located in Northwest Austin, zip code 78729 offers the perfect balance of suburban calm and city convenience. You’ll find a wide range of premium rentals, from modern apartment complexes to spacious townhomes.


The area boasts excellent schools, numerous parks, and easy access to major employers. Residents enjoy a relaxed lifestyle with plenty of opportunities for outdoor recreation. Plus, the proximity to major roadways makes commuting a breeze. So, if you’re looking for a peaceful retreat with all the comforts of a luxury apartment, 78729 is a fantastic choice.

Zip code 78748 is South Austin’s hidden luxury retreat

Next up is zip code 78748, a South Austin gem where you can save about $285 per month on luxury apartments as the average rent for upscale units here is $1,487. This area is growing fast, with plenty of modern apartments packed with must-have amenities.


Residents love being close to Southpark Meadows, a major shopping and dining hub, and having easy access to highways for a smooth commute around Austin. Moreover, zip code 78748 attracts a mix of young professionals and families, creating a diverse and welcoming community. With lots of parks and green spaces, it’s a top choice for outdoor lovers looking for luxury living.

Zip code 78745 exudes upscale convenience at lower rents

In zip code 78745, luxury apartments go for an average of $1,554, which means you can save $218 each month. This South Austin spot has a more urban vibe than some of the other areas on this list, thanks to its eclectic mix of restaurants, shops, and entertainment venues.


With easy access to downtown Austin and the lively South Congress area, renters here have plenty of upscale apartments, from modern high-rises to boutique complexes. Notably, this area is very popular with young professionals and creatives who appreciate its walkability and dynamic atmosphere.

Zip code 78736 offers Hill Country luxury at a discount

Moving west, zip code 78736 allows luxury renters to save $209 per month on upscale apartments, which rent for an average of $1,564. Nestled in the scenic Hill Country, this area offers stunning views, a peaceful vibe, and plenty of parks, hiking trails, and outdoor adventures.

If you’re looking for premium rentals in zip code 78736, you’ll find a mix of spacious apartments and upscale homes, many with breathtaking views of the surrounding landscape. It’s a favorite for those looking to escape the city buzz while still enjoying a high-end lifestyle.

Zip code 78750 is where premium rentals go for less in North Austin

Finally, luxury enthusiasts can pocket about $200 a month in savings when renting upscale apartments in zip code 78750, given that these units typically rent for $1,572. This well-established North Austin neighborhood offers a great mix of residential and commercial places, making it a prime spot for families and professionals alike.

With easy access to major employers, shopping centers, and entertainment, living here means convenience at your doorstep. From sleek modern complexes to charming townhomes, there’s no shortage of upscale options. If you’re after a luxury apartment that strikes the perfect balance between location and value, 78750 is worth checking out!

Austin’s rental market can be competitive, but finding a luxury apartment at a lower rent is entirely possible. With a little research in these zip codes, you can unlock significant savings and enjoy the upscale lifestyle you desire.

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Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica’s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.

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