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The Quarters Nueces House
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The Standard at Austin
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The Quarters Grayson House
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2714 Whitis Ave
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The Quarters Sterling House
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1115 W 22Nd 1/2 St
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300 E 30th St
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24 Longview Student Apartments
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605 W 29Th 1/2 St
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331 E 31St St
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331 E 31St St
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331 E 31St St
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1904 David St
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3112 Walling
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3306 Liberty St
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607 W 35Th St
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408 W 37Th St
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The Eastwood
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829 W 12Th St
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3709 Tom Green St Unit A
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Hyde Park Court Apartments
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1708 Enfield RD
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622 W 7Th St
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908 Red River St
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1405 Hartford Rd Apt 203
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Spanish Trails & Miller Square
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Apartments in The Drag Austin

1 of 51 Results
23
$1,359
PER
ROOM
GrandMarc Austin
5.0
510 W 26Th St, Austin, TX
3 BR | Aug. 16, 2023
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
36
$859 - 1,649
PER
ROOM
Villas on Rio
Deal
5.0
2111 Rio Grande St Austin, TX
2 - 6 BR | Aug. 19, 2023
Contact
Dog Friendly
Cat Friendly
Student
The Drag
18
$1,350 - 1,575
Palisades Condominiums
311 E 31st Austin, TX
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
North University
21
3D Tour
$975 - 1,549
PER
ROOM
The Quarters Nueces House
2300 Nueces St. Austin, TX
Studio - 3 BR | Ask for Availability
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Student
Virtual Tour
Covered Parking
In Unit Laundry
Fitness Center
18
$905 - 1,820
PER
ROOM
The Standard at Austin
Deal
715 West 23Rd Street Austin, TX
Studio - 6 BR | Aug. 17, 2023
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Dog Friendly
Cat Friendly
Student
The Drag
29
3D Tour
$855 - 1,499
PER
ROOM
The Quarters Grayson House
714 West 22nd St. Austin, TX
Studio - 4 BR | Ask for Availability
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Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
0
$2,095
2714 Whitis Ave
Austin, TX
2 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
The Drag
18
3D Tour
$979 - 1,499
PER BED
& ROOM
The Quarters Sterling House
709 West 22nd. St. Austin, TX
1 - 3 BR | Ask for Availability
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Student
Virtual Tour
Air Conditioning
Covered Parking
In Unit Laundry
22
$7,495
1115 W 22Nd 1/2 St
Austin, TX
5 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
The Drag
2
$795 - 825
300 E 30th St
Austin, TX
Studio | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
2
$669 - 875
PER
ROOM
24 Longview Student Apartments
2401 Longview Austin, TX
2 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Storage
12
$13,000
605 W 29Th 1/2 St
Austin, TX
8+ BR | Ask for Availability
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House
Air Conditioning
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10
$1,150 - 1,450
331 E 31St St
Austin, TX
1 - 2 BR | Available Now
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North University
10
$1,575
331 E 31St St
Austin, TX
2 BR | Available Now
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North University
10
$1,550
331 E 31St St
Austin, TX
2 BR | Available Now
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North University
16
$5,750
1904 David St
Austin, TX
5 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
23
$2,100
3112 Walling
Austin, TX
2 BR | Aug. 7, 2023
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
28
$4,995
3306 Liberty St
Austin, TX
5 BR | Ask for Availability
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House
Air Conditioning
In Unit Laundry
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North University
12
$6,495
607 W 35Th St
Austin, TX
6 BR | Ask for Availability
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Air Conditioning
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North University
15
$950
PER
ROOM
408 W 37Th St
Austin, TX
2 BR | Available Now
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Furnished
North University
15
$1,700 - 2,523
The Eastwood
2904 Swisher St Austin, TX
2 BR | Available Now
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Dog Friendly
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Air Conditioning
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Pool
27
$1,812 - 2,625
829 W 12Th St
Austin, TX
Studio - 2 BR | Available Now
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Balcony, Deck, Patio
Fitness Center
Dishwasher
57
Call for Pricing
3709 Tom Green St Unit A
Austin, TX
Studio | Ask for Availability
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North University
22
$1,220 - 1,650
Hyde Park Court Apartments
Deal
302 W 38th St Austin, TX
1 - 2 BR | Aug. 15, 2023
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
20
$1,400 - 1,952
1708 Enfield RD
Austin, TX
1 - 2 BR | Available Now
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Clarksville
19
$2,018 - 3,986
622 W 7Th St
Austin, TX
1 - 2 BR | Available Now
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Balcony, Deck, Patio
Fitness Center
Dishwasher
Market District
30
$1,875 - 3,135
908 Red River St
Austin, TX
Studio - 2 BR | Available Now
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Balcony, Deck, Patio
Fitness Center
Dishwasher
Congress Ave District
5
Call for Pricing
1405 Hartford Rd Apt 203
Austin, TX
Studio | Ask for Availability
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House
Clarksville
27
$1,175 - 3,250
Spanish Trails & Miller Square
918 E 40Th St Austin, TX
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Hancock
17
$2,714 - 4,029
408 Rio Grande
Austin, TX
1 - 2 BR | Available Now
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Balcony, Deck, Patio
Fitness Center
Dishwasher
Market District
1 - 30 of 51 Results
  1. Home
  2. Austin
  3. The Drag

How much does it cost to rent an apartment in Austin?

Austin Apartments
Bed Type Average Rent Range
Studio $1,440 $900 - $2,380
1BR $1,550 $1,090 - $2,760
2BR $1,940 $1,350 - $3,880
3BR $2,390 $1,410 - $5,900
4+BR $2,900 $650 - $15,160
Frequently Asked Questions

How many apartments are available in Austin, TX on Rentable.co?

Rentable.co has over 116,251 apartments available in Austin.

What is the average rent for a studio apartment in Austin, TX?

The average rent for a studio apartment in Austin is around $1,440 per month.

What is the average rent for a one-bedroom apartment in Austin, TX?

The average rent for a one-bedroom apartment in Austin is around $1,550 per month.

What is the average rent for a two-bedroom apartment in Austin, TX?

The average rent for a two-bedroom apartment in Austin is around $1,940 per month.

How expensive is living in Austin, TX?

Based on average rent prices in Austin, to afford a studio apartment you would need an annual salary of $58,000 to live comfortably.

Asset 2
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Apartments Under $700
Apartments Under $1,200
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Austin:
May Rent Report

Welcome to the May 2023 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2023 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 average rent prices in the chart below.

Monthly Rent Report

Austin Rent Prices Increase From April to May

Austin rent prices increased over the last month. From April to May, the city experienced a 0.06% increase for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,587.0.

When we take a look at the two-bedroom comparison from April to May, Austin experienced a -0.5% decrease for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,973.0.

May Prices: Austin vs. Surrounding Areas

Rent Prices in Austin and Surrounding Areas

Rent prices have increased 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 4 of the Austin suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Round Rock, TX, Pflugerville, TX, Leander, TX, Kyle, TX .

  • Rent decreased in Cedar Park, TX, San Marcos, TX, Georgetown, TX.

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

May 2023 Pricing Trends: Austin vs. National Comparisons

Austin Rent Prices More Affordable Than Major Cities

Rent growth in Austin over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin average 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.

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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Austin, TX $1,586.0 0.51% $1,983.0 0.20%
Round Rock, TX $1,465.0 0.83% $1,758.0 -0.28%
Cedar Park, TX $1,482.0 -0.27% $1,898.0 0.26%
San Marcos, TX $1,143.0 0.00% $1,354.0 -0.95%
Pflugerville, TX $1,570.0 1.36% $1,935.0 0.83%
Georgetown, TX $1,420.0 0.00% $1,785.0 -0.06%
Leander, TX $1,545.0 0.46% $1,907.0 0.21%
Kyle, TX $1,573.0 0.83% $2,125.0 0.81%

Methodology

Each month, using over 1 million Rentable 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.