The Most Expensive ZIP Codes in Texas – Central Austin in the Lead with Downtown Rents Nearing $2.5K

Key takeaways:

• • The #1 most expensive ZIP code in Texas is 78701 in trendy Downtown Austin with an average rent of $2,475
  • All 50 of the most expensive ZIP codes in Texas boast rents higher than the national average—currently at $1,316 according to Yardi Matrix
  • Harris county leads with 15 spots among Texas’ 50 priciest ZIPs

As rent pressure shifted from hot housing markets to mid-tier cities and apartment construction is finally catching up with demand, rent growth across the nation is slowing down. The hottest rental markets have not been exempt from the apartment industry’s shifting price trends, with average rents slipping even in the most notoriously pricey markets.

With fastest-growing rents concentrated on West Coast cities, where does that leave the South, and especially Texas, once home to booming rental markets in Austin and Dallas? When it comes to the Lone Star State’s most expensive ZIP codes, less than half of the 50 priciest ones saw prices tick up compared to 2016.

Moreover, rent growth flatlined in six of the state’s top 50 ZIPs, while 23 ZIP codes saw average rents inch down. In fact, two of Texas’ top ZIPs experienced double-digit negative rent growth—rents in Houston’s 77005 are 10% cheaper than last year, while 77046’s average rent dropped 11% over the course of the past 13 months.

The interactive table below allows you to take a detailed look at Texas’ top 50 most expensive ZIP codes for renters. Use the search box or click on the header of each column to sort results according to your preferences. Don’t forget to scroll all the way down for more detailed information on the top priciest ZIP codes for renters in Texas.

#	ZIP Code	City	County	Average Rent
1	78701	Austin	Travis	$2,475
2	78703	Austin	Travis	$2,393
3	75225	Dallas	Dallas	$2,188
4	78705	Austin	Travis	$2,102
5	75201	Dallas	Dallas	$1,907
6	77006	Houston	Harris	$1,889
7	75205	Dallas	Dallas	$1,884
8	77005	Houston	Harris	$1,859
9	77002	Houston	Harris	$1,800
10	77004	Houston	Harris	$1,794
11	77019	Houston	Harris	$1,772
12	78702	Austin	Travis	$1,711
13	75202	Dallas	Dallas	$1,698
14	77027	Houston	Harris	$1,684
15	75204	Dallas	Dallas	$1,682
16	75207	Dallas	Dallas	$1,663
17	77007	Houston	Harris	$1,649
18	77098	Houston	Harris	$1,643
19	77056	Houston	Harris	$1,601
20	78215	San Antonio	Bexar	$1,575
21	77046	Houston	Harris	$1,570
22	78204	San Antonio	Bexar	$1,556
23	79401	Lubbock	Lubbock	$1,552
24	77024	Houston	Harris	$1,551
25	75219	Dallas	Dallas	$1,546
26	77030	Houston	Harris	$1,515
27	78704	Austin	Travis	$1,513
28	77845	College Station	Brazos	$1,495
29	76102	Fort Worth	Tarrant	$1,491
30	77009	Houston	Harris	$1,490
31	78732	Austin	Travis	$1,486
32	78746	Austin	Travis	$1,477
33	78751	Austin	Travis	$1,461
34	77003	Houston	Harris	$1,456
35	75039	Las Colinas	Dallas	$1,448
36	78735	Austin	Travis	$1,444
37	75226	Dallas	Dallas	$1,430
38	78738	Austin	Travis	$1,416
39	75082	Richardson	Collin	$1,409
40	76107	Fort Worth	Tarrant	$1,408
41	78256	San Antonio	Bexar	$1,401
42	77079	Houston	Harris	$1,396
43	76110	Fort Worth	Tarrant	$1,392
44	76107	Frisco	Collin	$1,387
45	75209	Dallas	Dallas	$1,377
46	78666	San Marcos	Hays	$1,374
47	75206 (Tie)	Dallas	Dallas	$1,371
48	76248 (Tie)	Keller	Tarrant	$1,371
49	77459	Missouri City	Fort-Bend	$1,361
50	75244	Farmer's Branch	Dallas	$1,359

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Boasting an average rent of $2,475, Downtown Austin’s 78701 reigns as the most expensive ZIP code in Texas. Next-door neighbor 78703 comes in hot on its heels as the second most expensive ZIP code in Texas, posting an average rent of $2,393. Covering Central Austin neighborhoods such as Clarksville and Tarrytown, 78703 forms a contiguous enclave of affluence with 78701, which ranks as the most expensive area for renters in Texas.

Although comfortably leading Texas’ most expensive ZIP codes chart, both 78701 and 78703 experienced negative rent growth compared to 2016. Downtown Austin saw rents dip by 3%, while 78703’s neighborhoods saw the average rent contract by 5%. However, the priciest area for Texas apartment living still boasts average rents more than twice the state-wide rate — currently at an average of $1,063.

Ranking as the 3^rd most expensive ZIP code in Texas, Dallas’ 75225 features an average rent of $2,188 and is the second priciest area for Lone Star renters. Covering University Park and parts of the Hillside and Preston Hollow neighborhoods, 75225 increased its apartment inventory by 6% compared to the year-ago figure. Now totaling 1,223 units, 75225’s average rent followed suit with a 6% year-over-year appreciation. Among its most luxurious apartment buildings is The Caruth, where amenities include a resort-style pool, outdoor kitchen, an executive business center and wood-burning fireplaces.

Covering University Campus and parts of Hancock, Austin’s 78705 is Texas’ 3^rd most expensive area for renters, and is directly adjacent to the #1 priciest area for renters in the state. Texas’ 4^th most expensive ZIP code, 78705’s average rent now stands at $2,102, a 5% year-over-year price gain, while inventory remained unchanged at 5,524 units. Bounding the University of Texas at Austin campus on two sides, 78705 is home to swanky apartment developments such as University Towers, with amenities including a rooftop pool and sun lounge, media room and walk-in closets.

Curious to see if other states’ priciest ZIPs can take Texas on? Just move your cursor to another state boundary.

(Spoiler alert!) Some of the most expensive ZIP codes in the U.S. include 10282 in Manhattan, NY (or Battery Park City, to be more specific); 07030 in Hoboken, NJ; 19147 in Philadelphia; 33146 in Coral Gables, FL; 60606 in Chicago’s pricey Loop neighborhood; 85003 in Phoenix, AZ; 55415 in Minneapolis, MN; 63105 in St. Louis, MO; 03824 in Durham, NH; 48104 in Ann Arbor, MI; and 02906 in Providence, RI.

 

Methodology

• Data compilation, analysis, and mapping done by RentCafe using rent and construction data provided by Yardi Matrix, a RentCafe sister company.
• The average rent figures in this article were calculated from the actual rents charged in apartment buildings with at least 50 rental units, located in 125 U.S. markets, totaling approximately 15 million apartment units.
• ZIP codes with less than 200 rental units and less than 3 properties were excluded from the calculations.
• Rent prices are for apartments only, no single-family homes or townhomes were included.