Austin, TX Rental Market Trends
What is the average rent in Austin?
The average rent for an apartment in Austin is $1,826. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Austin, TX
Average Rent | Average Apartment Size |
---|---|
$1,826 | 863 sq. ft. |
What is the average apartment size in Austin?
The average size for a Austin, TX apartment is 863 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Austin, TX Apartment Rent Ranges
Austin, TX Occupied Housing Units
215,383 or 54% of the households in Austin, TX are renter-occupied while 179,897 or 46% are owner-occupied.
Austin, TX Rent Trends
Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
$1,370 | $1,427 | $1,442 | $1,445 | $1,410 | $1,372 | $1,411 | $1,591 | $1,690 | $1,735 | $1,826 | |
$1,375 | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
Average Rent in Austin, TX By Neighborhood
Neighborhood | Average Rent |
---|---|
Downtown Austin | $3,378 |
Clarksville | $3,225 |
Tarrytown West Austin | $3,225 |
University of Texas at Austin | $2,936 |
Old West Austin | $2,840 |
North University | $2,698 |
West University | $2,698 |
Central East Austin | $2,544 |
Chestnut | $2,544 |
East Cesar Chavez | $2,544 |
Govalle | $2,544 |
Holly | $2,544 |
Hancock | $2,418 |
The Triangle | $2,418 |
Rosewood | $2,402 |
Balcones Park | $2,156 |
Apache Shores | $2,098 |
Bee Cave Woods | $2,037 |
Rob Roy | $2,037 |
Stratford Hills | $2,037 |
Westlake | $2,037 |
Barton Hills | $2,034 |
Bouldin Creek | $2,033 |
Dawson | $2,033 |
Galindo | $2,033 |
SoCo | $2,033 |
South Lamar | $2,033 |
Travis Heights | $2,033 |
Zilker | $2,033 |
Steiner Ranch | $2,012 |
Cedar Valley | $1,986 |
Oak Hill | $1,899 |
Circle C | $1,872 |
River Place | $1,870 |
South Congress | $1,867 |
Hyde Park | $1,837 |
North Loop | $1,837 |
Avery Ranch | $1,834 |
Angus Valley | $1,804 |
Milwood | $1,804 |
Scofield Farms | $1,804 |
North Burnet | $1,757 |
North Civic Association | $1,757 |
Greenshores | $1,755 |
Long Canyon | $1,755 |
River Pointe | $1,755 |
Bauerle Ranch | $1,742 |
Walnut Crossing | $1,732 |
Bluebell Ridge | $1,720 |
Bradshaw Crossing | $1,720 |
Canyon Creek | $1,714 |
Grandview Hills | $1,714 |
Olympic Heights | $1,713 |
The Oak at Twin Creeks | $1,713 |
Pecan Springs Springdale | $1,711 |
University Hills | $1,711 |
Windsor Park | $1,711 |
Martin Luther King | $1,709 |
Northwood | $1,707 |
Tanglewood Oaks | $1,705 |
Mueller | $1,701 |
Brentwood | $1,696 |
Johnston Terrace | $1,684 |
Buckingham Estates | $1,680 |
Harris Branch | $1,673 |
Pioneer Crossing | $1,673 |
Promontory Point | $1,673 |
Jester Estates | $1,672 |
North Shoal Creek | $1,672 |
Wooten | $1,672 |
Balcones Woods | $1,655 |
Gateway | $1,655 |
Great Hills | $1,655 |
Mesa Park | $1,655 |
Garrison Park | $1,654 |
South Manchaca | $1,654 |
Westgate | $1,654 |
Anderson Mill - Jollyville | $1,649 |
East Riverside - Oltorf | $1,643 |
Montopolis | $1,643 |
Upper Boggy Creek | $1,636 |
Cat Mountain | $1,628 |
Northwest Hills | $1,628 |
Gracywoods | $1,620 |
River Oaks | $1,620 |
Allandale | $1,619 |
Agave | $1,613 |
Colony Park | $1,613 |
North Point | $1,613 |
The Woodlands | $1,613 |
Rosedale | $1,603 |
McKinney Heights | $1,598 |
Onion Creek | $1,598 |
Bluff Springs | $1,565 |
Colorado Crossing | $1,565 |
Franklin Park | $1,565 |
McKinney | $1,565 |
Pilot Knob | $1,565 |
The Courtyard | $1,563 |
Crestview | $1,512 |
Copperfield | $1,498 |
Coronado Hills | $1,464 |
Highland | $1,464 |
St Johns | $1,464 |
Georgian Acres | $1,435 |
Harris Ridge | $1,435 |
Heritage Hills | $1,435 |
North Lamar | $1,435 |
Windsor Hills | $1,435 |
What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Georgian Acres, where the average rent goes for $1,435/month, Harris Ridge, where renters pay $1,435/mo on average, and Heritage Hills, where the average rent goes for $1,435/mo. If you’re looking for other great deals, check out the listings from North Lamar ($1,435), Windsor Hills ($1,435), and Coronado Hills ($1,464), where the asking prices are below the average Austin rent of $1,826/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are Clarksville ($3,225), Tarrytown West Austin ($3,225) and Downtown Austin ($3,378).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 32 verified RentCafe listings with an average rent of $1,643. Next up is Anderson Mill - Jollyville, where apartments go for $1,649/month, followed by Oak Hill with $1,899 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Northwest Hills, where renters pay $1,628 on average, and Downtown Austin, where the average monthly rent is $3,378.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 1% lower than in Allandale
Agave rent is 12% lower than Austin average
Average Rent | $1,613 |
---|
Allandale rent is 11% lower than Austin average
Average Rent | $1,619 |
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How Austin Compares to Other Cities
City | Average Rent |
---|---|
Houston | $1,304 |
San Antonio | $1,281 |
Dallas | $1,568 |
Austin | $1,826 |
Fort Worth | $1,423 |
Arlington | $1,308 |
Irving | $1,503 |
Spring | $1,532 |
Plano | $1,824 |
Forney | $1,409 |
Denton | $1,482 |
Round Rock | $1,623 |
Georgetown | $1,809 |
Pflugerville | $1,685 |
Killeen | $998 |
New Braunfels | $1,503 |
Cedar Park | $1,753 |
Leander | $1,800 |
Wells Branch | $1,597 |
San Marcos | $1,552 |
Kyle | $1,627 |