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962 Apartments for rent in Austin, TX

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Last updated September 22 at 8:37PM
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City Guide
Austin
Austin’s geographical setting is in hill country, with lots of gorgeous rivers and lakes. In fact, it’s bisected by the Colorado River (misnomer, we know) into northern and southern parts of the city. North Austin is largely residential, while downtown and southern areas of Austin hold more activity and attractions. And there are tons of areas in and around the city themselves that have their own unique characters too. Read on for our complete city guide to Austin, as an aid to you as you search for the perfect apartment!

To the northwest of the city lie established neighborhoods that some claim to feel more like Dallas than Austin. One of these is Arboretum Area, which offers top retail, great schools, high tech employers, tons of apartments, and lots of dining and nightspot options. The tech companies and University of Texas research campus are big draws for the population who live there.

On the south side of the Colorado River is an area called Barton Hills, which is absolutely full of things to do, especially outside. Apartments are plentiful here, and there are parks, swimming pools, creeks, greenbelts, hiking and biking trails, etc. all over the area. It’s an ideal place for people who love the best of all worlds because it offers plenty of activities, shopping (Barton Creek Square), great schools, and other options within itself but is also super close to downtown and 2nd street retail district.

The suburbs of Austin are also very desirable. West Lake Hills especially is a popular area with its great rolling hills, gorgeous views, and proximity to both the city and the Colorado River. It is also within the Eanes Independent School District, the top school district in Austin.

East Austin tends to be a bit more gritty and nonconformist, and is becoming an increasingly popular area of the city. It’s got lots of hole-in-the-wall places (this area serves some of Austin’s best Mexican food), murals, worn-in spots, rugged exteriors, and an eclectic mix of neighbors. Nightlife in East Austin is extensive and full of character.

Living in downtown Austin is great for those who want to be in the center of all the action. Depending on where one lives downtown, it’s either right next to or super close to the Colorado River and Lady Bird Lake, meaning there’s lots of water-play options. There are also tons of parks, museums, restaurants, shopping, and events going on too. Austin is one of the nation’s most fit cities, and this is reflected in downtown’s walkabilty as well as proximity to all kinds of trails for all kinds of activities. There’s also the weekly Farmers Market in Republic Square as well as lots of other healthy grocery options like Whole Foods and multiple Royal Blue Grocery locations.

Beyond fitness awards, Austin is a great place for tons of different people, including creative professionals. Obviously, being the Live Music Capital of the World provides tons of opportunities and a great scene for aspiring musicians and producers. However, it is also great for moviemakers, artists, authors, etc. And this is shown in the city’s eagerness to “Keep Austin Weird.” Although there are many large businesses and retail chains in the area, the city’s residents have a huge appreciation for all things indie, local, and unique. Austinites hold dear all the things that make them funky and love encouraging anything that adds to, or maintains, their funky vibe.

The main form of transportation in Austin is, of course, the classic automobile. However, plenty of public transportation options are available as well. Capital Metro is the city’s provider of public transportation, and they offer MetroBus, MetroRapid (bus service on the same line as MetroBus but with less stops), and MetroRail, that all run from north to south in the city; UT Shuttles (University of Texas transportation, free to those with a valid UT photo ID); and vanpool and carpool options.

Overall, Austin is an eclectic, thriving mix. Different parts of the city serve different interests, but all are united in their love for Austin’s unique vibe. Moving here means getting a lot of opportunities for exposure to various sounds, tastes, interests, and walks of life. It’s a great place for those who want to expand their horizons and experience varying types of influences! As always, Apartment List is here to help you find the perfect home.

Rent Report
Austin

September 2017 Austin Rent Report

Welcome to the September 2017 Austin Rent Report. Austin rents increased over the past month. In this report, we'll evaluate trends in the Austin rental market, including comparisons to cities throughout the state and nation.

Austin rents increased slightly over the past month

Austin rents have increased 0.2% over the past month, and are up 2.0% in comparison to the same time last year. Currently, median rents in Austin stand at $1,140 for a one-bedroom apartment and $1,410 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Austin's year-over-year rent growth leads the state average of 1.5%, but trails the national average of 3.0%.

Rents rising across cities in Texas

Throughout the past year, rent increases have been occurring not just in the city of Austin, but across the entire state. Of the largest 10 cities that we have data for in Texas, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,420; of the 10 largest cities in Texas that we have data for, Houston and Corpus Christi, where two-bedrooms go for $990 and $1,030, are the only two major cities in the state to see rents fall year-over-year (-2.4% and -0.9%).
  • Arlington, Fort Worth, and San Antonio have all experienced year-over-year growth above the state average (9.0%, 5.6%, and 2.8%, respectively).

Similar cities nationwide show more affordable rents compared to Austin

Rent growth in Austin has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most other large cities across the country, Austin is less affordable for renters.

  • Austin's median two-bedroom rent of $1,410 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.0% rise in Austin.
  • While rents in Austin remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will generally find more expensive prices in Austin than most similar cities. For example, Detroit has a median 2BR rent of $890, where Austin is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Austin Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Austin ranks on:
B+ Overall satisfaction
A- Safety and crime rate
A Jobs and career opportunities
B+ Recreational activities
C Affordability
B- Quality of schools
B+ Weather
D Commute time
A- State and local taxes
C- Public transit
B+ Pet-friendliness
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released results for Austin from the second annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 30,000 renters, provides insight into what states and cities must do to meet the needs of the 105 million American renters nationwide.

“Austin renters seem to be generally well satisfied with their city,” says Andrew Woo, Director of Data Science at Apartment List. “They gave average or above average scores across most of our categories.”

Key findings in Austin include the following:

  • Austin renters give their city a B+ overall for satisfaction.
  • The highest-rated categories for Austin were its local jobs and career opportunities (A), safety (A-), and state and local taxes (A-).
  • Renters here seem to also be generally satisfied with the quality of local schools (B-), weather (B+), and access to public transit (B+).
  • Categories like affordability/cost of living (C) and access to public transit (C-) proved less satisfactory to renters, and commute times received the worst grade overall (D).
  • Renters who are millennials as well as renters who are parents seem to be nearly equally satisfied, with millennials giving the city an A-, and parents giving an A.
  • Austin came out on top relative to other large, Texan cities. Houston renters gave their city a B, and Dallas renters gave out a C+.
  • The top rated cities nationwide for renter satisfaction included Arlington, VA; Lincoln, NE; Pasadena, CA; Boston, MA; and Madison, WI. The lowest rated cities included Newark, NJ; Bronx, NY; Bridgeport, CT; Baltimore, MD; and Salinas, CA.

Renters say:

  • “The weather is fantastic; the location is ideal for young professionals…” —Mackenzie L.
  • “It's easy to find good people, good coffee, and good weather in Austin. Some cities feel shrouded in bad vibes, but Austin radiates good vibes that come from the unique beauty of the city and its people.” —Emily V.
  • “Traffic is a nightmare, there is nothing resembling viable public transportation, and the city is trying to price out anyone who doesn't make a six-figure salary.” —Brian S.
  • “I love living in Austin because of the culture and local parks. However, the public transportation is a joke. The city has even called the local rail ‘poorly planned.’” —Brittany C.