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Luxury Apartments for Rent in Austin, TX - 1,308 Rentals available


Austin’s average rent reached $1,417 in April

Austin’s average rent reached $1,417 in April, after a 0.5% decrease since last year. A thriving economic and cultural center and a renter-majority city (51%), Austin is a popular location to call home, with apartment rents similar to the national average of $1,417. [View Full Report]

Austin apartment rent report

Austin’s average rent reached $1,417 in April

Austin’s average rent reached $1,417 in April, after a 0.5% decrease since last year. A thriving economic and cultural center and a renter-majority city (51%), Austin is a popular location to call home, with apartment rents similar to the national average of $1,417.

While the average rent for an apartment in Austin decreased, in Cedar Park ($1,351) prices saw a 2.3% rise since last year. Meanwhile, apartment rates in Round Rock went up by 3.3%, reaching a $1,244 average.

Austin apartment rent report

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

San Marcos, the city with the largest renter share (69%) in the Austin area, has a $1,453 average rent, after a 0.3% annual decrease. Austin comes in second, followed by Round Rock, where 37% of residents are tenants.

Buda has the fourth largest share of renters (34%), with apartments going for $1,317, after a 6.4% annual increase. Last but not least, Kyle's 31% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,199 in April , going up by 0.1% in the past year. 

The priciest and cheapest cities for renters in the Austin area

San Marcos is the priciest city for renters in the Austin area, with apartments renting for $1,453 per month. Leander’s $1,444 rate is the second most expensive, while apartments in Austin ($1,417) come in third.

For renters in search of budget-friendly apartments, Kyle's $1,199 average rent is the cheapest in the Austin area, followed by Round Rock's $1,244 rate. Pflugerville rentals are the third least pricey on the list, with a $1,295 average rent as of April.

Austin apartment rents in popular ZIP codes for renters

Among Austin's most popular renter ZIP codes, 78741 has a $1,325 average rent, below the city average ($1,417). At the same time, rentals in ZIP 78758 go for $1,347, while prices in ZIP 78704 circle around $1,607. Apartment rents in ZIP 78759 clock in at around $1,248, lower than the Austin average, while rates in ZIP 78753 average at $1,136.

Check out how average rents evolved across the Austin area

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.

Look for luxury apartments near me

Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RENTCafé you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

RENTCafé can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

Frequently Asked Questions

What is the price of a luxury apartment in Austin, TX?

The price range is between $798 and $11,094. Find luxury apartments in Austin, TX.

How many luxury rentals are available in Austin, TX on RENTCafé?

There are 1295 luxury rentals available on RENTCafé. Prices and availability in Austin, TX were last updated on 13 Jun 2021.

What is the average size of a luxury apartment in Austin, TX?

The average Austin, TX luxury apartment size is 995 sq. ft.

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

Renting a luxury apartment in Austin, TX comes with many amenities, more space and central locations.

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

Luxury apartments tend to be more expensive and have higher utility bills. 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.

Renter's Guide to Austin

Known for its legendary music concerts and vibrant cultural landscape, Austin is one of the largest and fastest-growing cities in the U.S. With settlements dating back as far as 9200 BC, most Austin developments have sprung around the 1830s. But it wasn’t until the mid-20th century that Austin become a prominent metropolitan center – and rose to fame as a permanent fixture on the national music scene.

Spread over 280 square miles, Austin is set within reach of other prominent Texas urban centers – and fellow metropolises ranking among the top 10 largest U.S. cities – like Houston, San Antonio, and Dallas, all located within a distance about 200 miles. When it comes to living options, Austin can easily accommodate both those looking for walkable estates and high-rise living, all of them neighbored by an array of modern bars and restaurants.

The city climate falls under the humid subtropical climate, which is characterized by hot summers, mild winter days, and cold winter nights. The average temperature is 7 degrees Celsius during the winter – which typically runs from December through February, while its summers last from June to September. Every year, there are about 228 sunny days, the highest temperatures being recorded in the month of July; conversely, January is the month with the lowest temperatures. When it comes to notable weather particularities, Austin experiences an ice storm every two years that typically detracts operations for up to 48 hours.

Austin, TX Demographics

  • Total Population950,807
  • Female 482,605
    Male 468,202
  • Median Age33.3

Cost of Living in Austin, TX

A regular bus fare in Austin costs, on average, $2.5/day, with prices varying based on the type of pass chosen. A single ride costs between $0.60 and $1.25, while 31-day passes prices range from $20.60 to $41.25. Children under 5 – accompanied by an adult or military personnel wearing uniform – can ride free of charge. Commuters can now buy passes and plan their trips through a mobile application while also enjoying affordable rates and reduced fares when purchasing their tickets online. The metro rideshare and the train service complement the public transport system, leading to an average commute time of roughly 23.5 minutes.

In a rather inexpensive restaurant, a three-course meal for two people will cost you approximately $50, with the price of a combo meal averaging roughly $7 per person. A cup of cappuccino costs about $4, while a loaf of bread and a liter of milk go for $2.31 and $0.86, respectively. Dining options abound for both those passionate about domestic and international cuisine, with restaurants like Franklin Barbecue Restaurant, Uchiko Japanese restaurant, Hula Hut Mexican Restaurant welcoming city residents and tourists alike.

Texas residents that choose Austin as their home pay about $141 for services such as electricity, water, garbage collection, and heating; the costs are reported for a 914-square-foot apartment. The monthly internet bill for the region is $48, while cleaning services are as high as $22/hour.

Average Rent in Austin, TX

  • Austin, TX Average Rental Price, May 2021 $1,431 /mo

Austin, TX Apartment Rent Ranges

  • $701-$1,00016%
  • $1,001-$1,50053%
  • $1,501-$2,00020%
  • > $2,00010%

Austin, TX Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Austin, TX $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,445 $1,410 $1,372 $1,411 $1,431
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
/

Living in Austin

Being the 3rd fastest growing city in the US, Austin ranks high on Forbes’ list of “best cities for employment.” Living within city limits comes with certain tax benefits for both employees and small enterprises – especially given the lack of individual income tax rule in Texas.

Given the city’s steadily increasing population, residents have to cope with traffic congestion – that has led to increasing commute times. If you decide to settle near the city’s central business district, know that you will have to beat the traffic – that can be all the more difficult to handle during the hot summer

Back in the 1930s, the city has been home to a large number of African Americans, at the time accounting for about 25% of the overall population. However, the African American population has gradually decreased, percentage-wise, making way for an increasing number of people of an Asian or Hispanic descent. As of 2010, the Non-Hispanic white population stands as the majority, at 49%, with Latino Americans following closely, and making up for 35% of the city’s population.

Things to do in Austin

Regardless of their age, both city residents and visitors enjoy an occasional swim in the Barton Springs Pool, go for a bike ride in Zilker Park, and go bat watching at the Congress Avenue Bridge. The Bob Bullock Museum and Blanton Museum of Art are great venues for those passionate about ancient cultural heritage. Other popular sites include the Austin Duck Adventures, the Escape Game Austin, Aquarium, and Schlitterbahn Water Park and Resort.

With close to 300 days of sunshine, the city offers a myriad of outdoor activities such as water biking, canoe paddling, stand-up paddle boarding, and hiking at the Lady Bird hike trail. The Barton Springs pool offers shallow waters for children, making it a great outdoor activity for the whole family. Other popular options are splash movie nights that air family friendly films, while couples and singles can indulge in the lively nightlife.

The Austin Nature and Science Center, the Zilker Metropolitan Park, Golf ATX, and the Barton Springs Pool are among the most popular parks and outdoor venues. But there’s no shortage of shopping venues either, with the Domain Shopping Mall, Barton Creek Square, and Hancock Mall standing out as some of the most popular choices.

Employment & Economy

Austin is not only the fastest-growing of the biggest U.S. cities, but also the second largest state capital after Phoenix. The city is a major hub for high-tech workers, where thousands of engineering and computer science graduates find employment. In 2012, the city ranked 1st on Forbes’ list of “major cities for jobs”, thanks to the low unemployment rate. Local employers include high-profile names like Dell, IBM, Apple, ARM Holdings, Samsung Group, Intel Corporation, Oracle, Hewlett-Packard, Google, and Facebook, to name just a few.

Austin, TX Households

  • Total Number of Households380,392
  • Family 197,674
    Non-family 182,718
  • Children 102,757
    No Children 277,635
  • Average People Per Household2.44
  • Median Household Income$71,576
  • Median Housing Costs Per Month$1,397

Education in Austin

For years, education has taken center stage in Austin thanks to strong community support. The Austin Independent School District (AISD) is the fifth largest school district in Texas, providing quality education to approximately 80,000 students at 130 schools.

The city is home to top ranked universities and colleges such as St. Edward’s University, Southwestern University, Texas State University, and Huston-Tillotson University, among others. CNN Money ranked Austin as the 6th “smartest American city”, with the University of Texas being featured for its “best values in public education.” The University of Texas’ Law, Engineering, and Business schools rank among the top 10 schools for Hispanics, according to the Wall Street Journal, while the University’s MBA landed the 12th spot.

Austin, TX Education Statistics

  • No High School5%
  • Some High School22%
  • Some College19%
  • Associate Degree5%
  • Bachelor Degree31%
  • Graduate Degree17%

Tips for Renting in Austin

The Austin Tenants Council promotes the right to fair, safe, decent, and affordable housing for all. If you are relocating to Austin, understanding tenants’ rights and your responsibility safeguards you from potential legal hurdles.

Often, a lease comes into effect when the two parties append signatures, and the tenant remains liable whether they eventually move in or not. There is no law limiting the number of rent increases, and it’s worth mentioning that evictions can be carried out in as fast as two weeks. While most leases allows property owners to enter the houses without the express permit of the tenant, they can only execute that privilege if it’s specified in the contract.

Renting a luxury apartment in Austin, TX

You too can live in the lap of luxury! If you’re looking for the best apartments in Austin, TX, RENTCafé offers you 1,308 high rise apartments to choose from in 122 modern buildings. The average size for a luxury apartment is about 1,114 Sq.Ft., but it doesn’t really matter what you’re looking for: luxury studio apartments, large apartments and even luxury townhomes - you name it! You’re sure to find the home of your dreams in the best locations in town, listed for up to $11,094. The average rent for a luxury apartment is about $4,117, but if you are looking for more affordable housing, you can also find cheap luxury apartments that offer the same elegance and comfort that high-end units do, with monthly rents starting at $928.

High rise apartments in Austin, TX – luxury, convenience and security

You can’t go wrong with a luxury apartment. They are some of the best apartments to live in and they offer many more advantages than meets the eye. These properties bring convenience to the table. Fitness centers, resort style pools and even business centers are now a common sight in most apartment complexes. Many of the units are already exquisitely furnished, so you don’t have to waste any time decorating. Sure, these apartments come with top-of- the-line amenities and great interiors, but most importantly, you get a sense of community. They are an oasis of comfort and tranquility that you and your family can enjoy. So, whether you want to socialize with your welcoming neighbors, or enjoy some peace and quiet in your own home, a luxury complex gives you the choice to do whatever you want. It’s also good to know that luxury communities usually have security gates which keep potential intruders away. In addition, many Austin, TX apartment complexes offer security systems in each unit, so your family and your home will always be safe.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!