The Upland
12217 N Interstate 35,
Austin, TX 78753
1-3 Beds | $1,374 - $4,680
Rental Market Trends in Austin, TX
What is the average rent in Austin, TX?
$1,433/month
Average Rent
712 Sq Ft
Average Apartment Size
-5.2%
Decrease in the Last Year
As of December 2024, the average rent in Austin, TX is $1,433 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Austin rent prices are 8% lower than the national average. When you rent an apartment in Austin, you can expect to pay about $1,259 per month for a studio, $1,433 for a one-bedroom apartment, and around $1,841 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,410 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Austin, TX?
In the past year, rent has decreased by 5.2%, which averages out to $73 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Austin, TX
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
12%
$700 - $1,000/month
48%
$1,001 - $1,500/month
27%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Austin?
Based on current rent prices, Northeast Austin, Wells Branch and Southeast Austin 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, Downtown Austin, Mueller and South Central Austin 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 Northwest Austin, North Austin and East 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 $1,433, you’ll want to make about $4,776 per month or $57,312 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.
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.
Studio
$1,033/month
$1,922/month
One Bedroom
$1,280/month
$2,707/month
Two Bedroom
$1,644/month
$4,263/month
Three Bedroom
$1,857/month
$8,756/month
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3,184
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881,592
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RPM
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616
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104
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Willow Bridge
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Cardinal Group Management and Advisory, LLC
-
164
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35,566
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Kairoi Residential
-
64
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17,714
Units
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20
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Avenue5 Residential
-
519
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114,360
Units
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199
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MAA
-
282
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-
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Methodology
† 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.
* Percentages may not total 100 due to rounding.