Median rents, rental comps, and market trends across 15 zip codes in Austin, TX.
Tons of new construction has shifted pricing power back toward renters here. If you're a landlord, you need to know what the actual going rate is — not what it was two years ago.
Median Asking Rent
$1,782
Rent Change (YoY)
-13.0%
Avg Days on Market
66
Active Rental Listings
4,867
Median List Price
$565,000
Average across 15 zip codes
ZIP | Median Rent |
|---|---|
| 78701 | $2,795/mo |
| 78702 | $2,495/mo |
| 78727 | $1,950/mo |
| 78735 | $1,900/mo |
| 78704 | $1,895/mo |
| 78750 | $1,800/mo |
| 78723 | $1,750/mo |
| 78731 | $1,750/mo |
| 78748 | $1,725/mo |
| 78745 | $1,700/mo |
| 78729 | $1,649/mo |
| 78757 | $1,599/mo |
| 78759 | $1,550/mo |
| 78753 | $1,275/mo |
| 78741 | $1,250/mo |
Get rental comps for any property in Austin
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,145/mo |
| 1 Bedroom | $1,109/mo |
| 2 Bedroom | $1,550/mo |
| 3 Bedroom | $2,340/mo |
| 4 Bedroom | $2,895/mo |
Aggregated median across all Austin zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 78731 | $975,000 |
| 78735 | $899,000 |
| 78704 | $789,000 |
| 78701 | $715,000 |
| 78757 | $684,000 |
| 78702 | $674,000 |
| 78759 | $575,000 |
| 78723 | $565,000 |
| 78750 | $498,500 |
| 78745 | $479,000 |
| 78727 | $465,000 |
| 78729 | $459,000 |
| 78748 | $409,900 |
| 78753 | $375,000 |
| 78741 | $345,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $2,210/mo |
| 1 Bedroom | $2,350/mo |
| 2 Bedroom | $2,780/mo |
| 3 Bedroom | $3,520/mo |
| 4 Bedroom | $4,140/mo |
Fair Market Rents are published annually by HUD for the Austin metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Austin, TX is currently $1,782/month, based on active rental listings across 15 zip codes. Median asking rents have decreased by -13.0% over the past 12 months.
Asking rents vary significantly across the city. ZIP 78701 has the highest median asking rent at $2,795/month, while ZIP 78741 comes in at $1,250/month.
Rental listings in the area spend an average of 66 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Austin metro area is $2,780/month. Current median asking rents are near or below the FMR for this area.
Austin built a lot of apartments. Like, a lot. The construction boom that started during the pandemic is still delivering units, and it's completely changed the pricing dynamics. Rents came down meaningfully from their 2022 peaks even though people keep moving here. That's great if you're buying, but if you're pricing a rental based on what your neighbor got two years ago, you're going to sit vacant. Downtown and East Austin still get premium rents, but suburban areas like Pflugerville and Round Rock have gotten more competitive. The spread between zip codes is wide here — accurate comps at the zip level matter more in Austin than almost any other Texas market right now.
Want to look up rental comps and rent estimates for a specific property in Austin? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Austin, TX. Free to start.
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Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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