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

The most Expensive ZIP codes for renters in Texas

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 6 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.

Top Most Expensive ZIP Codes in Texas

#ZIP CodeCityCountyAverage Rent
178701AustinTravis$2,475
278703AustinTravis$2,393
375225DallasDallas$2,188
478705AustinTravis$2,102
575201DallasDallas$1,907
677006HoustonHarris$1,889
775205DallasDallas$1,884
877005HoustonHarris$1,859
977002HoustonHarris$1,800
1077004HoustonHarris$1,794
1177019HoustonHarris$1,772
1278702AustinTravis$1,711
1375202DallasDallas$1,698
1477027HoustonHarris$1,684
1575204DallasDallas$1,682
1675207DallasDallas$1,663
1777007HoustonHarris$1,649
1877098HoustonHarris$1,643
1977056HoustonHarris$1,601
2078215San AntonioBexar$1,575
2177046HoustonHarris$1,570
2278204San AntonioBexar$1,556
2379401LubbockLubbock$1,552
2477024HoustonHarris$1,551
2575219DallasDallas$1,546
2677030HoustonHarris$1,515
2778704AustinTravis$1,513
2877845College StationBrazos$1,495
2976102Fort WorthTarrant$1,491
3077009HoustonHarris$1,490
3178732AustinTravis$1,486
3278746AustinTravis$1,477
3378751AustinTravis$1,461
3477003HoustonHarris$1,456
3575039Las ColinasDallas$1,448
3678735AustinTravis$1,444
3775226DallasDallas$1,430
3878738AustinTravis$1,416
3975082RichardsonCollin$1,409
4076107Fort WorthTarrant$1,408
4178256San AntonioBexar$1,401
4277079HoustonHarris$1,396
4376110Fort WorthTarrant$1,392
4475035FriscoCollin$1,387
4575209DallasDallas$1,377
4678666San MarcosHays$1,374
4775206 (Tie)DallasDallas$1,371
4876248 (Tie)KellerTarrant$1,371
4977459Missouri CityFort-Bend$1,361
5075244Farmer's BranchDallas$1,359
You are free to use the code below to embed the table on your website, by giving credit to RENTCafé:

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 in 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, that 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 3rd 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 the Lone Star State’s 3rd most expensive area for renters, and is directly adjacent to the #1 priciest area for renters in the state. Texas’ 4th 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 like 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.

 

Methodology
  • Data compilation, analysis, and mapping done by RENTCafé using rent and construction data provided by Yardi Matrix, a RENTCafé 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 pricies are for apartments only, no single-family homes or townhomes were included.
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About the author

Balazs Szekely

Balazs is a qualified journalist with a thing for real estate. This obsession comes in handy in his work as an online content developer and creative writer for RENTCafé. When he’s not thrashing his keyboard, he takes pleasure in photography, aquascaping and all kinds of DIY projects. Feel free to get in touch with Balazs via email or Twitter.

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