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Market District apartments for rent - Austin, TX

Beds

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Average Rent in Austin, TX

Avg. RentAnnual Change
Austin Studio - $1,255+26%
Austin 1 Bed - $1,474-8%
Austin 2 Beds - $1,816-5%
Last updated 6/22/2024

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Local Guide

See what Austin, TX has to offer.

Local Reviews

I love the fact that it is close to a major grocery store as well as some restaurants and shops. I also feel safe walking here.

Close to downtown. Close to lots of good restaurants. Very walkable. Friendly neighbors. Variety in home styles.

Demographics

Education

High School

11%

Associate's

12%

Bachelor's

54%

Master's

20%

Doctorate

3%

Family Size

2 people

85%

3 people

11%

4 people

4%

5 people

0%

6+ people

0%

Household Income

0-50k

20%

50-100k

19%

100-150k

24%

150-200k

7%

200k+

29%

Age

0-10

1%

10-20

1%

20-45

63%

45-65

26%

65+

9%

Rent Trends

Average rent in Market District, Austin, TX

In Austin, TX, as of 2024, the average rent for apartments ranges from $1,255 to $1,816. Specifically, the average rent for a studio apartment in Market District, Austin, TX is $1,255. For those seeking a 1-bedroom apartments, the average rent is $1,474. And for a 2-bedroom apartment, renters can expect to pay an average of $1,816.

Annual Rent Change Over the Past 12 Months

Studio

+26%

Changed from $996 to $1,255
1 Bed

-8%

Changed from $1,602 to $1,474
2 Beds

-5%

Changed from $1,912 to $1,816
Last updated 6/22/2024

Cost of Living

Compared to State Average

3.5%

Compared to National Average

2%

The cost of living in Market District, Austin, TX is 3.5% higher than the state average and 2% lower than the national average. Market District, Austin, TX housing is 8.8% more expensive than the U.S average, while utilities are about 4.3% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2.4% less in Market District, Austin, TX than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 2.3% less here compared to the U.S. average.
Cost of Living in Market District, Austin, TXCompared to State AverageCompared to National Average
Housing
26.1%
8.8%
Utilities
4.4%
4.3%
Food
0.1%
2.4%
Transportation
3.4%
9.7%
Healthcare
0.9%
2.3%

Compare Other Cities

CityStudio Avg RentAnnual Change
Georgetown$1,365-2%
Round Rock$1,304-20%
Austin$1,255+26%
New Braunfels$999+4%
San Marcos$949--
City1 Bed Avg RentAnnual Change
Buda$1,602+4%
Round Rock$1,5470%
Kyle$1,520-1%
Pflugerville$1,502-10%
Hutto$1,490-6%
Leander$1,483-14%
Austin$1,474-8%
Georgetown$1,459-2%
Cedar Park$1,383-4%
Del Valle$1,3670%
Manor$1,353+32%
Bastrop$1,312+15%
Taylor$1,2740%
New Braunfels$1,262-9%
San Marcos$1,246+5%
Lockhart$1,032+7%
City2 Beds Avg RentAnnual Change
Buda$1,994+18%
Round Rock$1,977+7%
Leander$1,913-3%
Cedar Park$1,889-4%
Pflugerville$1,885-14%
Georgetown$1,844-2%
Hutto$1,840-5%
Austin$1,816-5%
Kyle$1,728+8%
Del Valle$1,682+4%
Manor$1,617+31%
New Braunfels$1,616-5%
Elgin$1,5650%
Bastrop$1,462+14%
Taylor$1,460+1%
San Marcos$1,350-2%
Canyon Lake$1,299-5%
Lockhart$1,234+7%

Compare Neighborhoods

Cherrywood

$1,033

1 Bed Avg. Rent

Travis Heights

$1,075

1 Bed Avg. Rent

Parker Lane

$1,099

1 Bed Avg. Rent

What are the most affordable neighborhoods in Austin, TX?

For renters in Austin seeking more affordable options, the neighborhoods to watch are Cherrywood, Travis Heights, and Parker Lane, where average rents for 1-bedroom apartments stand at $1,033, $1,075, and $1,099 respectively. Additional areas offering value are South Austin and Georgian Acres, where the rents are $1,100 and $1,144, a favorable comparison to Austin's overall 1-bedroom average of $1,474.

What are the most expensive neighborhoods in Austin, TX?

In Austin, the neighborhoods commanding the highest rents are Bouldin Creek, South Congress, and Greater South River City. A 1-bedroom apartment in Bouldin Creek averages at $3,112, in South Congress it averages $2,864, and in Greater South River City, the average is $2,844. For additional high-end living options, Crestview offers 1-bedroom apartments at $2,338, and MLK at $2,306. These rates compare to the overall average rent of $1,474 for a 1-bedroom apartment in Austin, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Austin, TX?

In Austin, the most sought-after neighborhoods for renters include North University, West University, and Hancock. In North University, the average rent for a 1-bedroom apartment is $1,175. West University sees average rents of $1,206 for a 1-bedroom unit. Hancock offers similar appeal with 1-bedroom apartments averaging $1,961. For those seeking other popular areas, Cherrywood presents 1-bedroom apartments at $1,033, and Hyde Park at $1,271. These prices are set against the backdrop of the city-wide average of $1,474 for a 1-bedroom apartment in Austin, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Montopolis$1,979-30%
Hancock$1,708+1%
MLK$1,697--
Downtown$1,689-17%
Bouldin Creek$1,649-40%
Pleasant Valley$1,599-7%
Oak Hill$1,559-37%
North Burnet$1,537-25%
East Austin$1,474-47%
Zilker$1,472+5%
Windsor Park$1,428+36%
Brentwood$1,399-15%
Central Austin$1,377-14%
Northeast Austin$1,359-35%
North Loop$1,332-18%
East Riverside - Oltorf$1,326-21%
Riverside$1,315+21%
West University$1,200--
South Lawn$1,175+2%
South Lamar$1,175+2%
Southwest Austin$1,112+16%
Southeast Austin$1,110--
Hyde Park$1,095-17%
Clarksville$1,050-30%
Parker Lane$1,031--
South Congress$1,030-18%
Greater South River City$1,030-18%
Northwest Austin$1,025+5%
North Austin$975-10%
Travis Heights$968--
South Austin$950--
Georgian Acres$940-3%
North University$900--
Highland$900--
Cherrywood$877--
Neighborhood1 Bed Avg RentAnnual Change
South Congress$2,864-25%
Greater South River City$2,844-26%
Crestview$2,338--
MLK$2,306+92%
Zilker$2,130+49%
North Burnet$2,050+1%
Barton Hills$2,023-10%
Tarrytown$1,999--
Hancock$1,961-3%
Pleasant Valley$1,949-6%
Downtown$1,909-41%
Great Hills$1,735--
Central Austin$1,683-19%
Montopolis$1,660+59%
Windsor Park$1,649+36%
Brentwood$1,627-19%
North Loop$1,617-4%
Oak Hill$1,611-2%
East Austin$1,610+24%
South Lawn$1,553+4%
Riverside$1,532+4%
Highland$1,457-15%
Northwest Austin$1,4340%
East Riverside - Oltorf$1,392-6%
Northeast Austin$1,390+13%
Clarksville$1,349+4%
Southwest Austin$1,301-6%
Hyde Park$1,271+4%
South Lamar$1,261-17%
Southeast Austin$1,247-8%
West University$1,206-16%
Allandale$1,195--
North University$1,175-13%
North Austin$1,170-1%
Georgian Acres$1,144-1%
South Austin$1,100--
Parker Lane$1,099-14%
Travis Heights$1,075--
Cherrywood$1,033--
Neighborhood2 Beds Avg RentAnnual Change
Zilker$3,205+97%
Hancock$2,799-5%
North Burnet$2,706-13%
MLK$2,697+93%
Downtown$2,689-25%
Great Hills$2,520--
Barton Hills$2,463-2%
Pleasant Valley$2,449-12%
Brentwood$2,289-16%
Windsor Park$2,237+40%
East Austin$2,126+25%
Montopolis$2,126+70%
Highland$2,060-2%
North Loop$2,052-9%
Oak Hill$2,022+6%
Central Austin$1,999-28%
Northwest Austin$1,902-4%
Riverside$1,893+12%
South Lawn$1,870+9%
Hyde Park$1,711--
Clarksville$1,695--
South Austin$1,695+61%
Garrison Park$1,695--
Southwest Austin$1,681-9%
Northeast Austin$1,680+6%
North Austin$1,665+9%
East Riverside - Oltorf$1,660+15%
North University$1,600+68%
Greater South River City$1,595-20%
South Congress$1,550-22%
Tarrytown$1,550--
Crestview$1,550--
Southeast Austin$1,537-5%
Allandale$1,475--
Parker Lane$1,422+2%
Georgian Acres$1,4120%
South Lamar$1,399-16%
Travis Heights$1,326-34%
West University$1,280-26%
Cherrywood$1,186-65%

Transportation

Commute Time

0-15 Mins

42%

15-30 Mins

38%

30-40 Mins

16%

40-60 Mins

2%

60+ Mins

3%

Area Amenities

Top Score

Grocery Stores

4/5 stars based on undefined reviews

Solid grocery game.

  1. A high number of grocery stores per resident
  2. 83% more grocery stores than average
  3. 73% more grocery stores than areas of a similar size

Nightlife

4/5 stars based on undefined reviews

You've got a good shot at a great night out in Market District Austin.

  1. A high number of bars and clubs per resident
  2. 95% more bars and clubs than average
  3. 86% more bars and clubs than areas of a similar size

Retail Shops

4/5 stars based on undefined reviews

Market District Austin's retail scene is in the bag.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Gas Stations

3.5/5 stars based on undefined reviews

Filling stations in Market District Austin are at full-throttle!

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Pet Services

3/5 stars based on undefined reviews

It's pawsible that your pets will fall in love with Market District Austin.

  1. A high number of pet facilities per resident
  2. 52% more pet facilities than average
  3. 17% more pet facilities than areas of a similar size

Medical Care

3/5 stars based on undefined reviews

More of a gem than germ, this Market District Austin is not too bad for medical care.

  1. Few medical facilities per resident
  2. An average number of medical facilities
  3. A standard number of medical facilities compared to areas of a similar size

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. A high number of restaurants per resident
  2. 79% more restaurants than average
  3. 58% more restaurants than areas of a similar size

Coffee

2.5/5 stars based on undefined reviews

Not too cold, not too hot. An average town for coffee.

  1. A high number of coffee shops per resident
  2. 87% more coffee shops than average
  3. 78% more coffee shops than areas of a similar size

Parks

2.5/5 stars based on undefined reviews

There's fresh air to be had here.

  1. A high number of parks per resident
  2. 80% more parks than average
  3. 80% more parks than areas of a similar size

Health and Fitness

2.5/5 stars based on undefined reviews

Cardio is hale and hardy in Market District Austin.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Fine Arts

2.5/5 stars based on undefined reviews

It's just about fine for fine art. An average score.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Amusement Parks

2.5/5 stars based on undefined reviews

Not exactly a Tilt-a-Whirl, but there's fun to be had.

  1. A high number of amusement parks per resident
  2. 89% more amusement parks than average
  3. 80% more amusement parks than areas of a similar size

Childcare

2/5 stars based on undefined reviews

Market District Austin is low on childcare options so get on the waiting list early.

  1. Few daycares per resident
  2. An average number of daycares
  3. A standard number of daycares compared to areas of a similar size

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? Market District Austin has a quiet theater scene.

  1. Few theaters per resident
  2. An average number of theaters
  3. A standard number of theaters compared to areas of a similar size

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Austin, TX 0.5 miles$1,474$1,816
Round Rock, TX 17 miles$1,547$1,977
Cedar Park, TX 16.7 miles$1,383$1,889
Pflugerville, TX 14.1 miles$1,502$1,885
San Marcos, TX 29.1 miles$1,246$1,350
Buda, TX 13.9 miles$1,602$1,994
Georgetown, TX 25.4 miles$1,459$1,844
Kyle, TX 20.8 miles$1,520$1,728
Leander, TX 22.2 miles$1,483$1,913
Del Valle, TX 7.1 miles$1,367$1,682

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Downtown 0.5 miles$1,909$2,689
SoCo 1.5 miles------
Clarksville 0.7 miles$1,349$1,695
Bouldin Creek 1.3 miles$3,112$4,240
Zilker 1.4 miles$2,130$3,205
West University 1.6 miles$1,206$1,280
Seaholm District 0.3 miles$3,471$5,420
Warehouse District 0.3 miles------
2nd Street District 0.5 miles------
Travis Heights 1.7 miles$1,075$1,326

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