Last updated
Average Rent in Downtown Austin & Rent Trends
Rent prices and market trends across 18 apartment communities in Downtown Austin, Austin, TX. Updated daily.
Market Average
$3,182/mo
▼ 1.6% from last month
Lowest Available
$1,669/mo
cheapest unit on market
Communities
18
tracked daily
Units Listed
143
available now
Price Cuts This Week in Downtown Austin
32 listed units across 9 buildings offering 1 bed units in Downtown Austin dropped their asking rent in the past 7 days, an average cut of $72/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| 415 Colorado | Unit 4612, PH1 | $10,299 | $9,790 | $509 |
| The Quincy | Unit 2018, A2C | $2,938 | $2,758 | $180 |
| Alexan Waterloo | Unit 2008, B0 | $4,069 | $3,958 | $111 |
| Alexan Waterloo | Unit 2512, B3 | $4,069 | $3,958 | $111 |
| Alexan Waterloo | Unit 2809, B5 | $4,319 | $4,208 | $111 |
| Windsor on the Lake | Unit 2202, B5 | $4,716 | $4,610 | $106 |
| Windsor on the Lake | Unit 2602, B5 | $4,756 | $4,650 | $106 |
| Windsor on the Lake | Unit 3103, PH1 | $4,896 | $4,790 | $106 |
Downtown Austin vs Austin, TX Average
Downtown Austin is more expensive than the Austin, TX average by $1,207/mo (61%). The citywide average is $1,975/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown Austin?
As of August 2026, the average rent in Downtown Austin is $3,182 per month across 18 apartment communities and 143 available units. Rents have decreased $60 (1.6%) over the past month.
The most affordable option is The Shoal starting at $1,669/mo. By unit type, a 1-bedroom averages $3,182/mo.
Prices range from $1,669 to $5,912 per month. The most common price point is the $2,600 range, where 23 units are currently listed.
Downtown Austin Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| April 2026 | $3,211 | - | 19 |
| May 2026 | $3,412 | +$201 | 19 |
| June 2026 | $3,589 | +$177 | 19 |
| July 2026 | $3,792 | +$203 | 19 |
| August 2026 | $3,663 | -$129 | 19 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Downtown Austin
Rent Prices by Apartment in Downtown Austin
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Shoal | $1,669/mo | $1,952/mo | 4 | 4.2 |
| AMLI 300 | $1,998/mo | $2,210/mo | 3 | 3.8 |
| Elle West Ave | $2,150/mo | $2,453/mo | 14 | 4 |
| Hanover Brazos Street | $2,319/mo | $2,777/mo | 8 | 4.7 |
| 404 Rio Grande | $2,352/mo | $2,582/mo | 2 | 4.4 |
| Whitley Apartments | $2,433/mo | $2,705/mo | 5 | 4.6 |
| Alexan Waterloo | $2,473/mo | $2,760/mo | 14 | 4.5 |
Frequently Asked Questions About Rent in Downtown Austin
What is the average rent in Downtown Austin?
Is rent going up or down in Downtown Austin?
What is the cheapest apartment in Downtown Austin?
How much is a 1-bedroom apartment in Downtown Austin?
How many apartments are available in Downtown Austin?
What salary do I need to live comfortably in Downtown Austin?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$127,000/year
Based on the 30 percent rule, using our tracked average rent of $3,182/mo.
Comfortable income
$153,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,669/mo), you need to earn at least $67,000/year.
Median household income in Downtown Austin is $91,461 , about 40% below the comfortable-living threshold.
Cost of living in Downtown Austin
Overall prices in Downtown Austin runs below the national average by about 2% (BEA Regional Price Parity index 98.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Downtown Austin's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,182 |
| Utilities | $543 |
| Groceries | $502 |
| Transportation | $1,295 |
| Healthcare | $632 |
| Other goods and services | $1,011 |
| Estimated total | $7,165/mo |
Population
967,862
Median household income
$91,461
Census median rent
$1,655/mo
Rent as % of income
29.0%
Median age
34.5
Mean commute
24 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Downtown Austin Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Downtown Austin Apartments
Browse all 18 communities with daily-updated pricing and availability.