Austin renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Austin is about $1,641 per month. This puts it in the 94th percentile compared to the state average cost of rent, which is $1,369. Households in Austin have a median income of $7,070 per month so the average renter in Austin is spending roughly 23% of their earnings on housing.
Nationally, and in Austin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Austin is $427,279 right now, which is lower than cities nearby, meaning that rents in Austin also tend to be lower versus these nearby cities.
Higher rent prices are common in the western parts of Austin while lower rent rates are often available in southeastern areas.
Nearby Cities
- Rollingwood, TX: more expensive rent prices
- Austin, TX: comparable rent prices
- West Lake Hills, TX: more expensive rent prices
- Sunset Valley, TX: more expensive rent prices
- Marshall Ford, TX: more expensive rent prices
- Jollyville, TX: more expensive rent prices
- Wells Branch, TX: less expensive rent prices
- San Leanna, TX: less expensive rent prices
- Bee Cave, TX: less expensive rent prices
- Hornsby Bend, TX: more expensive rent prices
Cities with Similar Populations
- San Jose, CA: more expensive rent prices
- Grand Rapids, MI: less expensive rent prices
- Honolulu, HI: more expensive rent prices
- Tucson, AZ: less expensive rent prices
- Tulsa, OK: less expensive rent prices
- Rochester, NY: less expensive rent prices
- Fresno, CA: less expensive rent prices
- Bridgeport, CT: more expensive rent prices
- Worcester, MA: less expensive rent prices
- Omaha, NE: less expensive rent prices
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