Platform
2823 E Martin Luther King Jr Blvd,
Austin, TX 78702
$990 - $5,252
Studio - 2 Beds
Chestnut
Austin, TX
Chestnut - Austin, TX
Area Guide
Quirky, offbeat, and all Austin
University
•
Walkable
•
Mass Transit
•
Affordable
•
A small, east side neighborhood with a hipster vibe, Chestnut is an affordable Austin neighborhood that’s about a mile from the University of Texas at Austin campus. Chestnut residents can hop aboard the MetroRail at M L King Jr Station and quickly get to work or school. Chestnut is located between Martin Luther King Jr Boulevard and East 12th Street, extending from Chicon Street east to Airport Boulevard.
One of the neighborhood’s quirkier features is the Museum of Natural & Artificial Ephemerata, an in-home, family-run museum of quirky collections. Tours are available with a suggested donation, where you’ll enjoy themed exhibitions as well as traveling exhibitions. Another unique landmark, the Coleto Moonlight Tower, is a historical light tower located on the corner of 13 Street and Coleto Street. Built in 1894, 31 ltowers lit up Austin and stood 164 feet tall. Today, only a few remain.
While this neighborhood is mainly residential, there are several destinations where you can catch up with locals. Bennu Coffee, a coffeehouse located off Martin Luther King Jr Boulevard, is open 24/7 and offers outdoor seating. Other great neighborhood locations include Roland’s, Rio Rita, and Dozen Street.
Rent Trends
As of October 2025, the average apartment rent in Chestnut is $1,129 for a studio, $1,584 for one bedroom, and $2,099 for two bedrooms. Apartment rent in Chestnut has decreased by -2.7% in the past year.
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Studio
-
444 sq ft
Average Sq Ft
-
$1,129/month
Average Rent
-
1 BR
-
727 sq ft
Average Sq Ft
-
$1,584/month
Average Rent
-
2 BR
-
1,167 sq ft
Average Sq Ft
-
$2,099/month
Average Rent
Transportation
82
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
55
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
90
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- Boggy Creek Greenbelt
- Texas Memorial Museum
- Thinkery
- Elisabet Ney Museum
- Shoal Creek Greenbelt Park
Commuter Rail
Military Bases
Airports
- Austin-Bergstrom International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.