1. Home
  2. Texas
  3. Austin
  4. Renter Market Trends

Rental market trends in Austin, TX

Please reach out to press@rent.com for any media inquiries regarding this data.

Average Rent in Austin, TX

Average Rent in Austin, TX

Avg. RentAnnual Change
Studio - $1,117+18%
1 Bed - $1,434-11%
2 Beds - $1,763-8%
Last updated 2/29/2024

Average Apartment Cost in Austin, TX

The average rent for apartments in Austin, TX, is between $1,117 and $1,763 in 2024. For a studio apartment in Austin, TX, the average rent is $1,117. When it comes to 1-bedroom apartments, the average rent in Austin, TX, is $1,434. For a 2-bedroom apartment, the average rent is $1,763.

Apartment Rent Ranges in Austin, TX

Apartment PricesProportion
1%
4%
18%
27%
51%

Neighborhood Apartment Rent Trends in Austin, TX

NeighborhoodStudio Avg RentAnnual Change
Oak Hill$1,7990%
Southeast Austin$1,661--
Pleasant Valley$1,624-8%
Downtown$1,619-20%
Brentwood$1,522-7%
Northeast Austin$1,485-8%
Central Austin$1,474-10%
East Austin$1,450-38%
Hancock$1,399--
Windsor Park$1,377+31%
North Loop$1,345-17%
South Lamar$1,300+8%
West University$1,225+7%
Clarksville$1,208-19%
South Congress$1,199-4%
Riverside$1,199+6%
Greater South River City$1,199-4%
East Riverside - Oltorf$1,199-31%
Travis Heights$1,175--
Zilker$1,165+17%
South Lawn$1,165-3%
Southwest Austin$1,162--
Barton Hills$1,150--
Parker Lane$1,031--
Hyde Park$999--
North Austin$975+80%
Northwest Austin$955+3%
South Austin$950--
Westgate$950--
Georgian Acres$930+1%
North University$900--
Highland$900--
Cherrywood$877--
Neighborhood1 Bed Avg RentAnnual Change
Pleasant Valley$2,074+2%
Hancock$2,064+97%
Barton Hills$2,024+4%
Downtown$1,809-47%
Brentwood$1,781-2%
Montopolis$1,657+59%
West University$1,600+11%
Central Austin$1,592-18%
East Austin$1,580+19%
Windsor Park$1,570+34%
Oak Hill$1,554-7%
Highland$1,540-8%
North Loop$1,505-11%
Bouldin Creek$1,440-59%
Riverside$1,434+3%
Greater South River City$1,433-59%
Northeast Austin$1,433-2%
South Lawn$1,380-5%
East Riverside - Oltorf$1,360-5%
Zilker$1,358-9%
Clarksville$1,349-23%
Southwest Austin$1,287-10%
Northwest Austin$1,279-8%
Allandale$1,275--
Hyde Park$1,259+3%
Garrison Park$1,250--
Southeast Austin$1,227-16%
North University$1,150-15%
South Lamar$1,150-21%
Georgian Acres$1,1500%
North Austin$1,145-5%
South Austin$1,100--
Westgate$1,100--
Parker Lane$1,099-19%
Cherrywood$1,033--
Travis Heights$1,029--
Neighborhood2 Beds Avg RentAnnual Change
Market District$2,700-45%
Pleasant Valley$2,549-4%
Barton Hills$2,326-4%
Travis Heights$2,295+15%
Brentwood$2,249-19%
Windsor Park$2,211+43%
East Austin$2,115+26%
North Loop$2,072+3%
Highland$1,970+4%
Oak Hill$1,874-2%
Riverside$1,860+17%
Montopolis$1,842+32%
Clarksville$1,838-12%
West University$1,815+51%
Central Austin$1,797-40%
Downtown$1,795-62%
Hyde Park$1,784--
South Lawn$1,767-3%
Northwest Austin$1,766-7%
Northeast Austin$1,764+9%
Hancock$1,723+5%
Bouldin Creek$1,699-66%
South Austin$1,695+19%
Garrison Park$1,695+19%
Allandale$1,675--
Tarrytown$1,650--
North Austin$1,640-14%
Southwest Austin$1,574-8%
South Congress$1,550-64%
North University$1,550+35%
Greater South River City$1,550-64%
Crestview$1,550--
Southeast Austin$1,505-10%
Georgian Acres$1,411+1%
East Riverside - Oltorf$1,399-25%
South Lamar$1,376-16%
Parker Lane$1,349-18%
Cherrywood$1,186-65%
Westgate$1,050-28%

How Other Cities Compare to Austin, TX

CityStudio Avg RentAnnual Change
Round Rock$1,499-4%
Georgetown$1,365-2%
New Braunfels$1,099-3%
San Marcos$999--
City1 Bed Avg RentAnnual Change
Buda$1,651+22%
Pflugerville$1,592-8%
Kyle$1,588+1%
Leander$1,568-5%
Del Valle$1,562+14%
Hutto$1,562+3%
Round Rock$1,532-3%
Georgetown$1,485+2%
Cedar Park$1,435-4%
Bastrop$1,312+15%
New Braunfels$1,284-5%
Taylor$1,274--
Manor$1,250+22%
San Marcos$1,127-5%
Lockhart$9660%
Canyon Lake$920-9%
Giddings$775--
City2 Beds Avg RentAnnual Change
Buda$2,244+48%
Pflugerville$2,082-2%
Leander$1,980-1%
Del Valle$1,870+17%
Cedar Park$1,849-12%
Hutto$1,813-8%
Georgetown$1,803-5%
Kyle$1,756-16%
Round Rock$1,599-17%
Elgin$1,565+4%
New Braunfels$1,537-4%
Taylor$1,523+22%
Manor$1,494+21%
Bastrop$1,462+14%
Canyon Lake$1,374-2%
San Marcos$1,312+4%
Marble Falls$1,200--
Lockhart$1,1520%

Austin, TX Rent Trends

Studio1 Bed2 Beds
Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024
$944$944$999$999$945$962$977$975$980$980$980$1038$1038
$1609$1534$1541$1602$1625$1712$1658$1608$1560$1478$1454$1438$1438
$1924$1832$1844$1917$1915$1905$1938$1915$1860$1780$1785$1757$1761
$2185$2185$2185$2185$2176$2173$2189$2192$2134$2187$2229$2187$2135

Neighborhood Information for Austin, TX

What are the most affordable neighborhoods in Austin, TX?

The most affordable neighborhoods in Austin are Travis Heights, where the average 1-bedroom apartment rent goes for $1,029, Cherrywood, where renters pay $1,033 on average for a 1-bedroom apartment, and Parker Lane, where the average 1-bedroom apartment rent goes for $1,099. If you're looking for other great deals, check out the listings in South Austin ($1,100 for a 1-bedroom apartment) or Westgate ($1,100 for a 1-bedroom apartment), compared to the $1,434 average for an Austin 1-bedroom apartment.

What are the most expensive neighborhoods in Austin, TX?

The most affordable neighborhoods in Austin are Market District, where the average 1-bedroom apartment rent goes for $3,839, South Congress, where renters pay $3,396 on average for a 1-bedroom apartment, and Tarrytown, where the average 1-bedroom apartment rent goes for $2,500. If you're looking for other great deals, check out the listings in Crestview ($2,338 for a 1-bedroom apartment) or Pleasant Valley ($2,074 for a 1-bedroom apartment), compared to the $1,434 average for an Austin 1-bedroom apartment.

What are the most popular neighborhoods in Austin, TX?

The most popular neighborhoods in Austin are North University, where the average 1-bedroom apartment rent goes for $1,150, West University, where renters pay $1,600 on average for a 1-bedroom apartment, and Hancock, where the average 1-bedroom apartment rent goes for $2,064. If you're looking for other popular neighborhoods, check out the listings in Cherrywood ($1,033 for a 1-bedroom apartment) or Downtown ($1,809 for a 1-bedroom apartment), compared to the $1,434 average for an Austin 1-bedroom apartment.

Nearby Listings

  • Windsor Park Towers property

    $1,220+

    Windsor Park Towers

    Studio–3 Beds • 1–2 Baths

    500–1278 Sqft

    10+ Units Available

  • The Catherine property

    $2,345+

    The Catherine

    Studio–2 Beds • 1–2 Baths

    623–1226 Sqft

    10+ Units Available

  • Korina and Alder at the Grove property

    $1,470+

    Korina and Alder at the Grove

    Studio–3 Beds • 1–2 Baths

    450–1605 Sqft

    10+ Units Available

  • Austin City Lights property

    $1,202+

    Austin City Lights

    1–3 Beds • 1–2 Baths

    735–1431 Sqft

    10+ Units Available

  • William Cannon Apartment Homes property

    $1,017+

    William Cannon Apartment Homes

    1–3 Beds • 1–2 Baths

    723–1231 Sqft

    Available Now

  • Starburst Apartments property

    $999+

    Starburst Apartments

    1–2 Beds • 1–2 Baths

    444–817 Sqft

    10+ Units Available