Water Marq
300 E Riverside Dr,
Austin, TX 78704
$1,709 - $7,859
Studio - 3 Beds
South Central Austin is a large district with multiple sought-after neighborhoods. The area feels urban with beautiful homes, unique townhomes, and lavish high-rise apartment complexes with beautiful skyline views. South Central Austin is also home to Saint Edward’s University.
Nestled beside Lady Bird Lake, South Central Austin is characterized by an abundance of lush green spaces, shopping centers, restaurants, and entertainment. Auditorium Shores at Town Lake Metropolitan Park is a local favorite. This urban natural area is great for taking a stroll, canoeing, biking, and walking your dog. The park is a popular spot for special events such as the Austin Symphony’s 4th of July Concert and Fireworks. This district is also home to a mini golf spot and several theaters for film and live performances. For Instagram-worthy photos or a bit of artistic expression, visit the Greetings from Austin Mural in Bouldin Creek.
As of January 2026, the average apartment rent in South Central Austin is $1,271 for a studio, $1,609 for one bedroom, $2,049 for two bedrooms, and $3,804 for three bedrooms. Apartment rent in South Central Austin has decreased by -3.9% in the past year.
Studio
471 sq ft
Average Sq Ft
$1,271/month
Average Rent
1 BR
702 sq ft
Average Sq Ft
$1,609/month
Average Rent
2 BR
1,019 sq ft
Average Sq Ft
$2,049/month
Average Rent
3 BR
1,481 sq ft
Average Sq Ft
$3,804/month
Average Rent
3,458
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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 November 2025.