119 Cheap Apartments for rent in Round Rock, TX

Last updated September 24 at 9:18PM
1901 Sunrise Rd
Heritage Center
Round Rock, TX
Updated September 21 at 4:14AM
2 Bedrooms
$989
1200 Hyridge Street
Hyridge
Round Rock, TX
Updated September 24 at 9:34AM
2 Bedrooms
$1,000
2401 Greenlawn Blvd
Round Rock
Round Rock, TX
Updated September 24 at 4:13AM
1 Bedroom
$839
1415 Bayland
Heritage Center
Round Rock, TX
Updated September 21 at 4:14AM
1 Bedroom
$915
1801 E Old Settlers Blvd #115
Crystal Park
Round Rock, TX
Updated September 21 at 4:15AM
1 Bedroom
$915
Results within 1 miles of Round Rock, TX
1301 A.W. Grimes Blvd
Turtle Creek Village
Round Rock, TX
Updated September 24 at 6:13PM
1 Bedroom
$974
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Rent Report
Round Rock

September 2017 Round Rock Rent Report

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

Round Rock rents declined over the past month

Round Rock rents have declined 0.8% over the past month, and are down marginally by 0.5% in comparison to the same time last year. Currently, median rents in Round Rock stand at $1,240 for a one-bedroom apartment and $1,530 for a two-bedroom. Round Rock's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Rents rising across cities in Texas

While rent decreases have been occurring in the city of Round Rock over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 7 of the largest 10 cities in the Texas for which we have data. 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 Texas cities that we have data for, 3 have seen rents fall year-over-year, with Houston experiencing the fastest decline (-2.4%).
  • 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).

Many large cities nationwide show more affordable rents compared to Round Rock

As rents have fallen in Round Rock, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Round Rock is less affordable for renters.

  • Round Rock's median two-bedroom rent of $1,530 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.5% decline in Round Rock.
  • While rents in Round Rock fell over the past year, many cities nationwide saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%).
  • Renters will generally find more expensive prices in Round Rock than most large cities. For example, Detroit has a median 2BR rent of $890, where Round Rock 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.