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 May 2026, the average apartment rent in Hyde Park is $968 for a studio, $1,130 for one bedroom, $1,493 for two bedrooms, and $1,937 for three bedrooms. Apartment rent in Hyde Park has decreased by -4.8% in the past year.
Studio
414 sq ft
Average Sq Ft
$968/month
Average Rent
1 BR
575 sq ft
Average Sq Ft
$1,130/month
Average Rent
2 BR
851 sq ft
Average Sq Ft
$1,493/month
Average Rent
3 BR
1,153 sq ft
Average Sq Ft
$1,937/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Hyde Park - Austin, TX is for everyday living.
Moderately Walkable
Walkability
Some Public Transit
Transit
Very Drivable
Drivability
Moderately Bikeable
Bikeability
Hyde Park - Austin, TX offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
Good Restaurant Variety Nearby
Restaurants
Fair Café Variety Nearby
Cafes
Good Variety of Shops Nearby
Shopping
Hyde Park - Austin, TX provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Fair Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Hyde Park - Austin, TX from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
Fair Nightlife Variety Nearby
Nightlife
Somewhat Noisy
Quiet Score
Current Resident
6 years 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 4 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 8 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
10 years and 1 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.