Apartments in Downtown Austin

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Downtown Austin

An Austin Neighborhood

Summary

Austin is known as the live music capital of the world, with great food and plenty of things to do. There are many wonderful neighborhoods to live in and fun places to hang out, and Downtown Austin is the hub of it all. Find some of the best entertainment in Austin at the Zach Theater or Paramount Theater. If you want to enjoy a lovely hike, check out the Lady Bird Bike-and-Hike trail. But when you're searching for Downtown Austin Apartments it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why ABODO exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of apartments in downtown Austin to choose from!

 Back to Austin Apartments

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,251
Studio
$1,436
1 Bedroom
$1,815
2 Bedrooms
$2,432
3 Bedrooms
$2,420
4 Bedrooms
$3,940
5+ Bedrooms
Get your search on...

Austin:
October Rent Report

Welcome to the October 2020 Austin Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 key findings and figures for the Austin rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Austin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Austin rent prices in the chart below.

Monthly Rent Report

Austin Rent Prices Decrease From September to October

Austin rent prices decreased over the last month. From September to October, the city experienced a -0.31% decrease for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,270.0.

When we take a look at the two-bedroom comparison from September to October, Austin experienced a 0.39% increase for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,560.0.

October Prices: Austin vs. Surrounding Areas

Rent Prices in Austin and Surrounding Areas

Rent prices have decreased in Austin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Austin suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in San Marcos, TX, Del Valle, TX, Leander, TX .

  • Rent decreased in Round Rock, TX, Cedar Park, TX, Pflugerville, TX, Georgetown, TX.

  • 7 suburbs are currently priced lower than the city of Austin.

October 2020 Pricing Trends: Austin vs. National Comparisons

Austin Rent Prices More Affordable Than Major Cities

Rent growth in Austin over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin rent prices appear to be relatively affordable for local residents.

The price for a Austin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's October 2020 National Apartment Report and data set here.

For more information about Austin and surrounding area rent prices, take a look at the complete data set below.

Data set for Austin and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Austin, TX $1,274.0 -0.78% $1,554.0 -0.06%
Round Rock, TX $1,082.0 -0.19% $1,340.0 -1.33%
Cedar Park, TX $1,149.0 -0.43% $1,524.0 1.80%
Pflugerville, TX $1,126.0 -1.23% $1,415.0 -2.35%
San Marcos, TX $986.0 0.20% $1,118.0 1.73%
Georgetown, TX $1,143.0 -2.89% $1,442.0 -4.88%
Del Valle, TX $1,079.0 0.19% $1,365.0 0.00%
Leander, TX $1,135.0 2.25% $1,426.0 -0.83%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.