Downtown Austin, Austin, TX Rental Market Trends
Last updated: April 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Austin is $3,198, a 1.31% increase compared to the previous year, when the average rent was $3,156.
Studio Apartments at $1,917 offer the most budget-friendly option with 485 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 792 square feet for $2,758, balancing privacy and affordability.
Two-beedroom units at $4,081 offer 1,265 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,857 sq ft) for $6,328, suitable for larger households.
Average rent in Downtown Austin, Austin, TX
Last updated: April 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,198 | 941 sq. ft. |
| Studio | $1,917 | 485 sq. ft. |
| 1 Bed | $2,758 | 792 sq. ft. |
| 2 Beds | $4,081 | 1,265 sq. ft. |
| 3 Beds | $6,328 | 1,857 sq. ft. |
Downtown Austin, Austin, TX rent trends
Rental prices in Downtown Austin, Austin, TX have increased by 1.31% over the past year. The average rent moved from $3,156 to $3,198.
What's the typical rent budget in Downtown Austin, Austin, TX?
The largest share of rentals in Downtown Austin, Austin, TX (45%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Austin, Austin, TX?
4,109 or 55% of the households in Downtown Austin, Austin, TX are renter-occupied while 3,403 or 45% are owner-occupied.
Most affordable neighborhoods in Downtown Austin?
Mesa Park $879/month
Heritage Hills $983/month
Coronado Hills $989/month
All of these neighborhoods fall below the city wide average of $1,623/month.Most expensive neighborhoods in Downtown Austin?
Bouldin Creek $2,607/month
Downtown Austin $3,198/month
West University $3,513/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West University | $3,513 |
| Downtown Austin | $3,198 |
| Bouldin Creek | $2,607 |
| Central East Austin | $2,541 |
| SoCo | $2,398 |
| Clarksville | $2,299 |
| Mueller | $2,234 |
| Westlake | $2,225 |
| North University | $2,204 |
| Tarrytown West Austin | $2,193 |
| Rosedale | $2,120 |
| Zilker | $2,052 |
| The Triangle | $1,986 |
| Rosewood | $1,984 |
| Holly | $1,983 |
| East Cesar Chavez | $1,972 |
| Travis Heights | $1,939 |
| Steiner Ranch | $1,913 |
| Johnston Terrace | $1,889 |
| Govalle | $1,886 |
| Hancock | $1,857 |
| Bee Cave Woods | $1,803 |
| Pilot Knob | $1,749 |
| Cedar Valley | $1,715 |
| North Burnet | $1,709 |
| Highland | $1,698 |
| Barton Hills | $1,670 |
| North Point | $1,648 |
| Chestnut | $1,639 |
| Oak Hill | $1,623 |
| Bluebell Ridge | $1,621 |
| Martin Luther King | $1,617 |
| Brentwood | $1,611 |
| Long Canyon | $1,610 |
| Crestview | $1,593 |
| Avery Ranch | $1,569 |
| McKinney | $1,558 |
| Bauerle Ranch | $1,555 |
| Angus Valley | $1,549 |
| Northwood | $1,548 |
| Montopolis | $1,523 |
| The Woodlands | $1,520 |
| Apache Shores | $1,519 |
| McKinney Heights | $1,519 |
| South Lamar | $1,517 |
| Pecan Springs Springdale | $1,512 |
| River Place | $1,510 |
| South Congress | $1,492 |
| Olympic Heights | $1,488 |
| Jester Estates | $1,475 |
| Buckingham Estates | $1,469 |
| The Oak at Twin Creeks | $1,455 |
| North Loop | $1,453 |
| Gateway | $1,435 |
| Tanglewood Oaks | $1,434 |
| Allandale | $1,434 |
| Scofield Farms | $1,417 |
| Pioneer Crossing | $1,413 |
| River Oaks | $1,409 |
| North Shoal Creek | $1,407 |
| Windsor Park | $1,402 |
| Upper Boggy Creek | $1,392 |
| Canyon Creek | $1,392 |
| Bluff Springs | $1,391 |
| Great Hills | $1,379 |
| Milwood | $1,374 |
| East Riverside - Oltorf | $1,362 |
| Gracywoods | $1,349 |
| Dawson | $1,325 |
| Hyde Park | $1,321 |
| Anderson Mill - Jollyville | $1,320 |
| Garrison Park | $1,311 |
| Copperfield | $1,311 |
| Harris Ridge | $1,290 |
| Onion Creek | $1,282 |
| Walnut Crossing | $1,262 |
| Galindo | $1,250 |
| Balcones Woods | $1,222 |
| Wooten | $1,216 |
| Franklin Park | $1,202 |
| Northwest Hills | $1,168 |
| Promontory Point | $1,147 |
| Windsor Hills | $1,146 |
| St Johns | $1,129 |
| North Lamar | $1,126 |
| South Manchaca | $1,101 |
| North Civic Association | $1,100 |
| Westgate | $1,059 |
| University Hills | $1,039 |
| Georgian Acres | $1,005 |
| Coronado Hills | $989 |
| Heritage Hills | $983 |
| Mesa Park | $879 |
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Austin | Rent Comparison by Neighborhood
Rent in Downtown Austin is 123% higher than in Allandale
$3,198
Downtown Austin rent is the same as Austin average
Average Rent
$3,198
$1,434
Allandale rent is 55% lower than Austin average
Average Rent
$1,434
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Austin apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.