Average rent in Austin, Texas
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How To Find an Apartment in Austin
Austin is one of the largest cities in Texas, only smaller than San Antonio, Houston, and Dallas. It’s one of the best places to live in the state, offering a vibrant culture and stunning natural beauty.
The area is known as the Live Music Capital of the World and is home to famous venues like Broken Spoke and Carousel Lounge. This major city is the birthplace of country stars like Willie Nelson and often hosts music festivals.
Austin is also a thriving tech hub with companies like Apple, Google, and Tesla, and its rich academic community, anchored by the University of Texas, adds to the innovative energy. The city's vibrant food scene appeals to working professionals and students alike, drawing in foodies from all over. After indulging in some authentic BBQ, you can take a scenic walk at Barton Springs or Zilker Park, where Austin perfectly blends urban life with nature.
If you’re searching for apartments in Austin, there are many excellent neighborhoods to call home. Living in Downtown Austin means you’ll be close to everything from concert halls to top employers. It’s a nightlife hotspot with many different types of units available, including apartments and condos with up to five bedrooms.
South Congress (SoCo) is a trendy area with high-end boutiques and unique restaurants. There’s an eclectic mix of apartment complexes and townhomes in this neighborhood, and the best units offer amenities like fireplaces, gas cooking, and upgraded cabinetry. And Cherrywood is one of the safest neighborhoods in East Austin and known for its modern units in historic bungalows and converted warehouses.
If you’re tired of typing “Austin apartments near me” into Google and looking for rent signs around the city, try Apartment List. Just fill out our Renter Quiz, and we’ll match you with rentals in Austin, TX based on your budget, location preferences, and must-have amenities.
Our apartment finder app lets you communicate directly with landlords 24/7 to ask all your questions. You can also explore shared housing options in Austin zip codes if you want a roommate to split costs with.
Frequently Asked Questions
Frequently Asked Questions (FAQs)
While rent in Austin varies by neighborhood, the city’s median rent is $1,443 — higher than the national median of $1,405. Popular areas like Downtown Austin tend to have higher rent than locations like Northwest Austin, Central Austin, and Hyde Park.
On average, here’s what you can expect to pay:
- - 1BD: $1,278/month
- - 2BD: $1,556/month
The cost of living in Texas is 5.8% lower than the national average. If you earn an annual income of $51,000 (with a monthly income of $4,250), you can comfortably afford to rent studio or one-bedroom apartments in Austin, TX.
In October 2024, rent in Austin decreased by 1.%, and it’s going down 7.2% year over year. While the median rent is higher than the national average, Austin’s rental market is offering more affordable options compared to previous years.