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Rental market trends in Austin, TX

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Average Rent in Austin, TX

Avg. Rent	Annual Change
Studio - $944	-39%
1 Bed - $1,533	-2%
2 Beds - $1,835	+1%

Last updated 3/22/2023

Average Apartment Cost in Austin, TX

The average rent for apartments in Austin, TX, is between $944 and $1,835 in 2023. For a studio apartment in Austin, TX, the average rent is $944. When it comes to 1-bedroom apartments, the average rent in Austin, TX, is $1,533. For a 2-bedroom apartment, the average rent is $1,835.

Apartment Rent Ranges in Austin, TX

	Apartment Prices Proportion

		0%			1%			19%			33%			46%

Neighborhood Apartment Rent Trends in Austin, TX

Neighborhood	Studio Avg Rent	Annual Change
Montopolis	$3,049	-8%
Market District	$3,016	+24%
Bouldin Creek	$2,926	+15%
East Cesar Chavez	$2,325	-1%
East Austin	$2,318	-6%
Downtown	$2,054	-17%
Oak Hill	$1,950	-24%
Northeast Austin	$1,950	-14%
East Oak Hill	$1,950	-24%
North Loop	$1,875	--
North Burnet	$1,777	-5%
Southeast Austin	$1,769	--
Pleasant Valley	$1,724	+11%
East Riverside - Oltorf	$1,674	+8%
Central Austin	$1,621	-27%
Brentwood	$1,600	--
Clarksville	$1,500	+40%
Hancock	$1,495	+25%
Parker Lane	$1,260	--
South Congress	$1,250	+15%
Hyde Park	$1,250	+34%
Greater South River City	$1,250	+15%
South Lamar	$1,199	+4%
West University	$1,150	+22%
South Lawn	$1,150	+15%
North University	$1,150	+21%
Barton Hills	$1,150	--
Riverside	$1,086	+25%
South Austin	$1,050	--
Windsor Park	$1,050	--
Zilker	$1,000	0%
Southwest Austin	$949	--
Northwest Austin	$924	-4%
North Austin	$541	+15%

Neighborhood	1 Bed Avg Rent	Annual Change
Seaholm District	$3,324	-4%
Downtown	$2,602	-21%
Barton Hills	$2,169	+2%
North Burnet	$2,169	+5%
Pleasant Valley	$2,074	+9%
Milwood	$1,959	--
Central Austin	$1,903	-25%
Brentwood	$1,828	-1%
Triangle State	$1,802	-29%
Mueller	$1,735	--
East Oak Hill	$1,713	-10%
Central East Austin	$1,700	+13%
North Loop	$1,617	--
Oak Hill	$1,577	-14%
West Oak Hill	$1,525	+3%
East Riverside - Oltorf	$1,499	+12%
South Lamar	$1,492	-5%
Southeast Austin	$1,472	+43%
Riverside	$1,471	+14%
West University	$1,442	+13%
South Lawn	$1,432	0%
Northwest Austin	$1,404	+4%
Allandale	$1,399	+4%
Southwest Austin	$1,384	-9%
Zilker	$1,350	+14%
Parker Lane	$1,342	+5%
Northeast Austin	$1,335	+29%
Clarksville	$1,295	-23%
Hyde Park	$1,250	0%
South Austin	$1,250	+1%
North Austin	$1,202	+14%
East Austin	$1,200	-11%
Windsor Park	$1,175	+2%
North University	$1,140	-19%
Hancock	$1,049	--
Montopolis	$1,043	-23%

Neighborhood	2 Beds Avg Rent	Annual Change
Seaholm District	$4,701	-5%
Bouldin Creek	$4,527	-8%
South Congress	$4,488	+19%
Greater South River City	$4,488	+19%
East Cesar Chavez	$4,216	+1%
Cherrywood	$3,400	--
Downtown	$3,279	-32%
North Burnet	$2,981	+7%
Triangle State	$2,921	-17%
Milwood	$2,820	--
Brentwood	$2,810	+7%
Barton Hills	$2,808	-2%
Pleasant Valley	$2,774	+11%
Market District	$2,700	-42%
Tarrytown	$2,650	+148%
Central Austin	$2,641	-11%
Mueller	$2,395	--
North Loop	$2,300	+156%
Central East Austin	$2,195	+16%
Clarksville	$2,100	+24%
East Oak Hill	$2,051	-18%
Travis Heights	$1,995	+5%
Northwest Austin	$1,928	+2%
Hyde Park	$1,922	+48%
North Austin	$1,900	+15%
Oak Hill	$1,862	0%
South Lawn	$1,815	+21%
West Oak Hill	$1,737	+24%
South Lamar	$1,735	-12%
Southwest Austin	$1,684	-3%
Riverside	$1,683	+12%
Southeast Austin	$1,663	+35%
Northeast Austin	$1,655	+33%
East Austin	$1,650	-1%
Windsor Park	$1,650	+44%
Hancock	$1,645	--
North University	$1,470	+43%
Allandale	$1,456	-14%
East Riverside - Oltorf	$1,399	-7%
Parker Lane	$1,399	+3%
Montopolis	$1,395	-16%
Zilker	$1,365	0%
West University	$1,215	+9%
South Austin	$1,150	+21%

How Other Cities Compare to Austin, TX

City	Studio Avg Rent	Annual Change
Round Rock	$1,500	-33%
Georgetown	$1,465	--
San Marcos	$1,150	--
New Braunfels	$1,010	+19%
Elgin	$975	--
Bastrop	$850	--

City	1 Bed Avg Rent	Annual Change
Pflugerville	$1,873	+25%
Leander	$1,755	-1%
Dripping Springs	$1,748	-2%
Round Rock	$1,580	+6%
Hutto	$1,563	+1%
Kyle	$1,557	-18%
Georgetown	$1,525	+61%
Cedar Park	$1,525	-12%
Buda	$1,423	-5%
New Braunfels	$1,369	+6%
San Marcos	$1,182	+12%
Bastrop	$1,137	+5%
Manor	$1,027	-14%
Lockhart	$966	--

City	2 Beds Avg Rent	Annual Change
Lakeway	$2,500	-17%
Pflugerville	$2,273	+19%
Dripping Springs	$2,085	-19%
Kyle	$2,038	-6%
Leander	$1,987	-5%
Hutto	$1,973	+7%
Cedar Park	$1,945	-7%
Round Rock	$1,864	0%
Georgetown	$1,857	+60%
New Braunfels	$1,642	-23%
Buda	$1,614	-4%
Elgin	$1,500	-4%
Taylor	$1,450	+16%
Bastrop	$1,287	0%
San Marcos	$1,262	+5%
Manor	$1,232	-14%
Marble Falls	$1,200	--
Lockhart	$1,152	--

Austin, TX Rent Trends

Studio	1 Bed	2 Beds
Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
$1100	$1100	$1024	$1074	$1120	$1120	$1135	$1135	$974	$974	$944	$944	$944
$1558	$1578	$1573	$1555	$1556	$1555	$1554	$1569	$1576	$1594	$1574	$1554	$1533
$1817	$1987	$2044	$2075	$2074	$1984	$1989	$1893	$1962	$1909	$1901	$1924	$1832
$1964	$1900	$1957	$1964	$2042	$2119	$2023	$2011	$1830	$1864	$1955	$1775	$1887

Neighborhood Information for Austin, TX

What are the most affordable neighborhoods in Austin, TX?

The most affordable neighborhoods in Austin are Montopolis, where the average 1-bedroom apartment rent goes for $1,043, Hancock, where renters pay $1,049 on average for a 1-bedroom apartment, and North University, where the average 1-bedroom apartment rent goes for $1,140. If you're looking for other great deals, check out the listings in Windsor Park ($1,175 for a 1-bedroom apartment) or East Austin ($1,200 for a 1-bedroom apartment), compared to the $1,533 average for an Austin 1-bedroom apartment.