SkyHouse Austin
51 Rainey St,
Austin, TX 78701
$1,790 - $5,690 | Studio - 3 Beds
Downtown Austin
Austin, TX
Downtown Austin - Austin, TX
Area Guide
The vibrant heart of what makes Austin affectionately weird
Vibrant
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Hip
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Urban
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Riverside
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Eclectic
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Historic
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Charming
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Situated in the heart of the city, Downtown Austin is the city’s core business, historic, and entertainment district. Downtown Austin is home to the Texas State Capitol as well as several of Austin’s renowned cultural and nightlife districts. Downtown contains the infamous Sixth Street, West Sixth Street, Red River Cultural District, Warehouse District, Rainey Street, and Second Street.
There are a wide variety of rentals available in Downtown, including plenty of luxury apartments in high-rise buildings. Renting in Downtown Austin is desirable for its convenience to all that makes Austin the beloved, weird place it is. Residents enjoy walkable and bikeable access to a host of diverse museums, galleries, bars, music venues, restaurants, food trucks, and offices. Nestled alongside the Colorado River, Downtown is also convenient to all kinds of outdoor recreation on Lady Bird Lake, from fishing to stand-up paddleboarding and everything in between.
Rent Trends
As of April 2025, the average apartment rent in Downtown Austin is $1,978 for a studio, $2,804 for one bedroom, $4,562 for two bedrooms, and $9,151 for three bedrooms. Apartment rent in Downtown Austin has increased by 2.8% in the past year.
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Studio
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500 sq ft
Average Sq Ft
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$1,978/month
Average Rent
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1 BR
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797 sq ft
Average Sq Ft
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$2,804/month
Average Rent
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2 BR
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1,299 sq ft
Average Sq Ft
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$4,562/month
Average Rent
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3 BR
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2,080 sq ft
Average Sq Ft
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$9,151/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Texas Memorial Museum
- Umlauf Sculpture Garden and Museum
- Shoal Creek Greenbelt Park
- Zilker Botanical Garden
- Boggy Creek Greenbelt
Commuter Rail
Military Bases
Airports
- Austin-Bergstrom International
Top Apartments in Downtown Austin
Houses for Rent in Downtown Austin
Property Management Companies
Greystar
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3,210
Communities
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892,352
Units
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830
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Willow Bridge
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688
Communities
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186,255
Units
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314
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AMC
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648
Communities
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127,474
Units
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259
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FPI Management
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619
Communities
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106,326
Units
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220
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RPM
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607
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160,232
Units
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232
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Cushman & Wakefield
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547
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127,675
Units
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276
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Search Nearby Rentals
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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 February 2025.