Austin, TX Rental Market Trends
What is the average rent in Austin?
The average rent for an apartment in Austin is $1,753. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Austin, TX
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,753 | 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
223,564 or 55% of the households in Austin, TX are renter-occupied while 180,557 or 45% are owner-occupied.
Austin, TX rent trends
Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Austin | $3,212 |
| University of Texas at Austin | $2,941 |
| Clarksville | $2,846 |
| Tarrytown West Austin | $2,846 |
| Old West Austin | $2,815 |
| North University | $2,806 |
| West University | $2,806 |
| Hancock | $2,514 |
| The Triangle | $2,514 |
| Central East Austin | $2,167 |
| Chestnut | $2,167 |
| East Cesar Chavez | $2,167 |
| Govalle | $2,167 |
| Holly | $2,167 |
| Rosewood | $2,124 |
| Bee Cave Woods | $1,993 |
| Rob Roy | $1,993 |
| Stratford Hills | $1,993 |
| Westlake | $1,993 |
| Balcones Park | $1,955 |
| Barton Hills | $1,928 |
| Bouldin Creek | $1,923 |
| Dawson | $1,923 |
| Galindo | $1,923 |
| SoCo | $1,923 |
| South Lamar | $1,923 |
| Travis Heights | $1,923 |
| Zilker | $1,923 |
| Apache Shores | $1,913 |
| Circle C | $1,880 |
| Steiner Ranch | $1,876 |
| Cedar Valley | $1,846 |
| River Place | $1,767 |
| Oak Hill | $1,764 |
| Hyde Park | $1,762 |
| North Loop | $1,762 |
| South Congress | $1,761 |
| Upper Boggy Creek | $1,758 |
| Mueller | $1,722 |
| Pecan Springs Springdale | $1,719 |
| University Hills | $1,719 |
| Windsor Park | $1,719 |
| Martin Luther King | $1,712 |
| Avery Ranch | $1,688 |
| Johnston Terrace | $1,687 |
| Greenshores | $1,680 |
| Long Canyon | $1,680 |
| River Pointe | $1,680 |
| Agave | $1,658 |
| Colony Park | $1,658 |
| North Point | $1,658 |
| The Woodlands | $1,658 |
| North Burnet | $1,654 |
| North Civic Association | $1,654 |
| Brentwood | $1,633 |
| Angus Valley | $1,632 |
| Milwood | $1,632 |
| Scofield Farms | $1,632 |
| Bluebell Ridge | $1,623 |
| Bradshaw Crossing | $1,623 |
| Canyon Creek | $1,621 |
| Grandview Hills | $1,621 |
| East Riverside - Oltorf | $1,611 |
| Montopolis | $1,611 |
| Walnut Crossing | $1,609 |
| Bauerle Ranch | $1,600 |
| North Shoal Creek | $1,593 |
| Wooten | $1,593 |
| Tanglewood Oaks | $1,585 |
| Northwood | $1,578 |
| Gracywoods | $1,577 |
| River Oaks | $1,577 |
| Olympic Heights | $1,568 |
| The Oak at Twin Creeks | $1,568 |
| Buckingham Estates | $1,566 |
| Garrison Park | $1,565 |
| South Manchaca | $1,565 |
| Westgate | $1,565 |
| Jester Estates | $1,558 |
| Harris Branch | $1,554 |
| Pioneer Crossing | $1,554 |
| Promontory Point | $1,554 |
| Balcones Woods | $1,534 |
| Gateway | $1,534 |
| Great Hills | $1,534 |
| Mesa Park | $1,534 |
| Allandale | $1,533 |
| McKinney Heights | $1,528 |
| Onion Creek | $1,528 |
| Anderson Mill - Jollyville | $1,522 |
| Rosedale | $1,515 |
| Cat Mountain | $1,513 |
| Northwest Hills | $1,513 |
| Copperfield | $1,497 |
| Bluff Springs | $1,494 |
| Colorado Crossing | $1,494 |
| Franklin Park | $1,494 |
| McKinney | $1,494 |
| Pilot Knob | $1,494 |
| Crestview | $1,476 |
| Georgian Acres | $1,473 |
| Harris Ridge | $1,473 |
| Heritage Hills | $1,473 |
| North Lamar | $1,473 |
| Windsor Hills | $1,473 |
| The Courtyard | $1,461 |
| Coronado Hills | $1,442 |
| Highland | $1,442 |
| St Johns | $1,442 |
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What are the most affordable neighborhoods in Austin?
The most affordable neighborhoods in Austin are Coronado Hills, where the average rent goes for $1,442/month, Highland, where renters pay $1,442/mo on average, and St Johns, where the average rent goes for $1,442/mo. If you’re looking for other great deals, check out the listings from The Courtyard ($1,461), Georgian Acres ($1,473), and Harris Ridge ($1,473), where the asking prices are below the average Austin rent of $1,753/mo.
What are the most expensive neighborhoods in Austin?
The most expensive neighborhoods in Austin are Tarrytown West Austin ($2,846), University of Texas at Austin ($2,941) and Downtown Austin ($3,212).
What are the most popular neighborhoods in Austin?
The most popular neighborhood in Austin is East Riverside - Oltorf, where there are 25 listings with an average rent of $1,611. Next up is Anderson Mill - Jollyville, where apartments go for $1,522/month, followed by Oak Hill with $1,764 If you’re looking to rent in Austin’s most popular neighborhoods, make sure to also check out Downtown Austin, where renters pay $3,212 on average, and Northwest Hills, where the average monthly rent is $1,513.
Austin | Rent Comparison by Neighborhood
Rent in Agave is 8% higher than in Allandale
$1,658
Agave rent is 5% lower than Austin average
Average Rent
$1,658
$1,533
Allandale rent is 13% lower than Austin average
Average Rent
$1,533
How Austin Compares to Other Cities
| City | Average Rent |
|---|---|
| Houston | $1,348 |
| Dallas | $1,575 |
| Austin | $1,753 |
| San Antonio | $1,290 |
| Fort Worth | $1,436 |
| Irving | $1,515 |
| Plano | $1,771 |
| Arlington | $1,365 |
| Spring | $1,547 |
| Conroe | $1,360 |
| Denton | $1,554 |
| Round Rock | $1,551 |
| Georgetown | $1,700 |
| Pflugerville | $1,605 |
| San Marcos | $1,735 |
| Canyon Lake | $1,295 |
| Cedar Park | $1,605 |
| Kyle | $1,592 |
| Hutto | $1,696 |
| Leander | $1,654 |
| Manor | $1,601 |
What is the average price for a storage unit in Austin?
The average rent for a non-climate-controlled 10'x10' storage unit in Austin is $137.42. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Austin
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Spicewood Springs Apartment Homes
8617 Spicewood Springs Road, Austin, TX 78759| 1 BED | $1,055 |
| 2 BEDS | Ask for Pricing |
Northland At The Arboretum
11500 Jollyville Road, Austin, TX 78759| 1 BED | $1,150+ |
| 2 BEDS | $1,295+ |
| 3 BEDS | $1,470+ |
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Le Montreaux Apartments
3605 Steck Ave., Austin, TX 78759| 1 BED | $1,186+ |
| 2 BEDS | $1,522+ |
| 3+ BEDS | $2,196+ |
Juniper Springs Apartments
3500 Greystone Drive, Austin, TX 78731| 1 BED | $1,275+ |
| 2 BEDS | $1,644+ |
| 3 BEDS | $1,969+ |
Chevy Chase
7581 Chevy Chase Dr, Austin, TX 78752| 1 BED | $1,186+ |
| 2 BEDS | $1,305+ |
| 3 BEDS | Ask for Pricing |
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Collective On Riverside
1515 Wickersham Lane, Austin, TX 78741| 1 BED | $1,165+ |
| 2 BEDS | $1,459+ |
| 3+ BEDS | $1,955+ |
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