Average rent in Austin Texas

Question

I am looking for a general understanding of the current rental market in Austin. Could anyone share their recent experiences or knowledge regarding average rent prices for different types of apartments or houses?

Category: Housing & Rentals

Answer 1

Figuring out the exact average rent in Austin depends on the data source, but recent numbers provide a solid snapshot. Across the city, the average for an apartment is generally in the range of $1,650 to $1,750 a month. When you look at specific sizes, a one-bedroom usually runs about $1,500 to $1,600, and a two-bedroom apartment typically costs somewhere between $1,850 and $2,000.

Keep in mind that these prices reflect a recent softening in Austin's rental market after a few years of sharp hikes. Of course, costs vary a great deal by neighborhood, with central areas demanding significantly higher rents than suburban communities.