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Austin’s average rent reached $1,378 in December

Austin’s average rent reached $1,378 in December after a 4.2% decrease since last year. A major U.S. business hub and a renter-majority city (55%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,462.[View Full Report]

Austin apartment rent report

Austin’s average rent reached $1,378 in December

Austin’s average rent reached $1,378 in December after a 4.2% decrease since last year. A major U.S. business hub and a renter-majority city (55%), Austin is a diverse and vibrant place to live in. Still, its apartment rents remain below the national average of $1,462.

The average rent for an apartment in Austin decreased compared to Cedar Park ($1,312), where prices saw no change since last year, and Round Rock where they went up by 1% ($1,210).

Austin apartment rent report

What it costs to rent in the largest renter hubs in the Austin area

The city with the largest renter share is San Marcos (72%), with an average rent of $1,440 after an annual decrease of 0.4%. Second is Austin with 55%, followed by Round Rock with 39% renter households. Cedar Park has the fourth largest share of renters (32%), while in Kyle, where 29% of homes are renter households, the average rent is $1,176, seeing no change in the past year.

The priciest and cheapest cities for renters in the Austin area

Despite the dip in rates, San Marcos is the priciest city for renters in the Austin area, with apartments renting for $1,440 per month. Leander’s $1,400 rate is the second most expensive, while apartments in Georgetown ($1,377) come in third.

For renters in search of budget-friendly apartments, Kyle rentals are the cheapest in the Austin area, with an average price of $1,176, followed by Round Rock rentals, going for $1,210 per month. Pflugerville apartments are the third least pricey on the list, with a $1,234 monthly average as of December.

Austin apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

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Frequently Asked Questions

What are the advantages of renting a house in Austin, TX?

Renting a house in Austin, TX comes with more space, both indoor and outdoor.

What are the downsides of renting a house apartment in Austin, TX?

Houses for rent in Austin, TX are usually located in non-central areas. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Austin, TX.

Austin, TX Demographics

  • Total Population935,755
  • Female 474,247
    Male 461,508
  • Median Age33

Average Rent in Austin, TX

  • Austin, TX Average Rental Price, October 2020 $1,385 /mo

Austin, TX Apartment Rent Ranges

  • $701-$1,00018%
  • $1,001-$1,50056%
  • $1,501-$2,00018%
  • > $2,0008%

Austin, TX Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
Austin, TX $1,308 $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,442 $1,445 $1,410 $1,385
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
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Austin, TX Households

  • Total Number of Households370,043
  • Family 192,369
    Non-family 177,674
  • Children 100,870
    No Children 269,173
  • Average People Per Household2.47
  • Median Household Income$67,462
  • Median Housing Costs Per Month$1,340

Austin, TX Education Statistics

  • No High School5%
  • Some High School23%
  • Some College20%
  • Associate Degree5%
  • Bachelor Degree30%
  • Graduate Degree17%