Ellwood at Lake Travis
7655 N Ranch Road 620,
Austin, TX 78726
$1,105 - $3,025 Total Monthly Price
1-3 Beds
Rental Market Trends in Austin, TX
What is the average rent in Austin, TX?
$1,381/month
Average Rent
713 Sq Ft
Average Apartment Size
-4.9%
Decrease in the Last Year
As of February 2026, the average rent in Austin, TX is $1,381 per month. This is 15% lower than the national average rent of $1,626/month, making renting in Austin more affordable than most cities in the US. When you rent an apartment in Austin, you can expect to pay about $1,209 per month for a studio, $1,381 for a one-bedroom apartment, and around $1,790 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,385 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Austin, TX?
In the past year, rent has decreased by 4.9%, which averages out to $67 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025
2026
Rent Ranges in Austin, TX
Last Updated February 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
16%
$700 - $1,000/month
50%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Austin?
Based on current rent prices, Village at Anderson Mill, Georgian Acres and North Lamar are the most affordable neighborhoods in Austin.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Austin?
Based on current rent prices, Rainey Street, Rainey Street District and Warehouse District are the most expensive neighborhoods in Austin.
Neighborhood
Average Rent
Average Sq Ft
Which Austin neighborhoods have the most rentals available?
The neighborhoods in Austin with the most apartments available are Northeast Austin, North Austin and Northwest Austin .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Austin, TX?
Because the average rent in Austin is $1,381, you’ll want to make about $4,603 per month or $55,236 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Austin, TX is 4.0% lower than the national average. Generally, housing in Austin is 1.7% less expensive than the national average, with rent falling between $1,209 - $2,385. You can expect to pay 4.8% less for groceries, 1.1% less for utilities, and 4.4% less for transportation.
How does Austin, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Austin, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$2,188/month
One Bedroom
-
$3,211/month
Two Bedroom
-
$5,474/month
Three Bedroom
-
$9,676/month
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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 February 2026.
* Percentages may not total 100 due to rounding.