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Rental market trends in Austin, TX

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Average Rent in Austin, TX

Avg. RentAnnual 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

Neighborhood Apartment Rent Trends in Austin, TX

NeighborhoodStudio Avg RentAnnual Change
Market District$3,016+24%
Bouldin Creek$2,926+15%
East Cesar Chavez$2,325-1%
East Austin$2,318-6%
Oak Hill$1,950-24%
Northeast Austin$1,950-14%
East Oak Hill$1,950-24%
North Loop$1,875--

How Other Cities Compare to Austin, TX

CityStudio Avg RentAnnual Change
Round Rock$1,500-33%
San Marcos$1,150--
New Braunfels$1,010+19%

Austin, TX Rent Trends

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.