The Watson
11901 Burnet Rd,
Austin, TX 78758
Studio - 2 Beds | $1,677 - $4,580
Rental Market Trends in Austin, TX
Updated July 2026
The average rent in Austin, TX is $1,421/month.
Rent in Austin is roughly equal to the national average rent of of $1,663/month.
$1,421/month
Average Rent
714 Sq Ft
Average Size
-0.2%
Change / Year
35,461
Available Apartments
Austin rent varies by unit size and layout:
- Studio apartments in Austin average $1,225 per month.
- One-bedroom apartments in Austin average $1,421 per month.
- Two-bedroom apartments in Austin average $1,847 per month.
- Three-bedroom apartments in Austin average $2,461 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Austin, TX?
In the past year, rent has decreased by 0.2%, which averages out to $2 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Austin, TX
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
16%
$700 - $1,000/month
47%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Austin?
Based on current rent prices, Heritage Hills, Georgian Acres and Walnut Crossing are the most affordable neighborhoods in Austin.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Austin?
Based on current rent prices, Warehouse District, Wooldridge Square and Sixth Street District are the most expensive neighborhoods in Austin.
Neighborhood
Average Rent
Average Sq Ft
Which Austin neighborhoods have the most rentals available?
The neighborhoods in Austin with the most apartments available are North Austin, Northwest Austin and South Austin .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Austin, TX?
Because the average rent in Austin is $1,421, you’ll want to make about $4,736 per month or $56,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Austin, TX is 4.0% lower than the national average. Generally, housing in Austin is 4.6% less expensive than the national average, with rent falling between $1,225 - $2,461. You can expect to pay 4.4% less for groceries, 1.0% less for utilities, and 4.9% less for transportation.
How does Austin, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Austin, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Austin Area GuideStudio
$775/month
$2,466/month
One Bedroom
$962/month
$3,436/month
Two Bedroom
$1,343/month
$5,821/month
Three Bedroom
$1,650/month
$11,397/month
Apartment Communities in Austin We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Austin?
The average rent in Austin is $1,421 per month, which is 14.6% lower than the national average of $1,663.
What is the average rent for a house in Austin?
The average rent for a house in Austin, TX is $2,715 per month.
What is the average rent for a townhome in Austin?
The average rent for a townhome in Austin, TX is $1,656 per month.
What is the average rent for a condo in Austin?
The average rent for a condo in Austin, TX is $1,867 per month.
Are rents going up or down in Austin?
Rents in Austin, TX are decreasing, with prices down 0.2% year-over-year and $2 less per month.
What rent range is most common in Austin?
In Austin, TX, 47% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.