Miller Square & Spanish Trails
918-920 E 40th St,
Austin, TX 78751
$799 - $1,799
Studio - 3 Beds
First developed in 1891 as a streetcar suburb, Hyde Park has become one of the most densely-populated areas in the city. With many historic buildings in its two historic districts, the neighborhood enjoys a charming beauty, with sites like the Queen Anne style Col. Monroe M. Shipe House and the Elisabet Ney Museum.
Hyde Park sits directly north of the University of Texas at Austin, with I-35 running along the eastern border. On the west side, residents have easy access to a variety of shops, including Central Market, and the Heart Hospital of Austin. The university is home to four museums, including the Blanton Museum of Art. Sports fans can cheer on the Longhorns at nearby the Darrell K Royal-Texas Memorial Stadium.
As of February 2026, the average apartment rent in Hyde Park is $987 for a studio, $1,137 for one bedroom, $1,498 for two bedrooms, and $1,961 for three bedrooms. Apartment rent in Hyde Park has decreased by -4.8% in the past year.
Studio
414 sq ft
Average Sq Ft
$987/month
Average Rent
1 BR
575 sq ft
Average Sq Ft
$1,137/month
Average Rent
2 BR
851 sq ft
Average Sq Ft
$1,498/month
Average Rent
3 BR
1,153 sq ft
Average Sq Ft
$1,961/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
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.
Current Resident
5 years and 9 months ago•Niche Review
The neighborhood is quiet but well connected to the rest of the City. Lofts of great restaurants and a lovely neighborhood for taking walks.
Current Resident
8 years and 1 months ago•Niche Review
A friendly, safe, and beautiful neighborhood full of families and college students. Lots of unique cafes, coffee shops and local businesses. Affordable for the Austin area and a quick shot from downtown Austin or the University of Texas campus.
Niche User
9 years and 5 months ago•Niche Review
Being on the street, I feel that there is adequate lighting and that my yard is very open to see anyone or anything going on. I feel very safe in this area.
Niche User
9 years and 10 months ago•Niche Review
Very few crimes. In eighteen years I only remember 3 crimes that happened in my neighborhood.
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† 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 February 2026.