Austin, TX Rental Market
Austin is Texas's technology capital, home to Apple's largest campus outside Cupertino, major Google and Meta offices, and Tesla's global headquarters, alongside the flagship University of Texas campus. After a sharp run-up in 2021–2022, rents have cooled from their peak as new apartment supply entered the market, creating a better-balanced environment that still supports long-term growth as the tech sector matures.
Get a rent estimate for an address in AustinAverage Rent in Austin, TX
$1,750
per month · 2026-06
Market Score
Key Facts — Austin, TX Rental Market
- Average rent in Austin, TX:$1,750/mo
- Median rent:$1,610/mo
- Rent range:$875 – $3,850/mo
- Most common rental (2 bedrooms):$1,550/mo
- Active listings:2,200
- Avg days to lease:28 days
- Year-over-year change:+1.5%
- Median home value:$420,000
- Est. gross annual yield:5.0%
- Data as of:2026-06
Rent by Bedroom in Austin, TX
Average monthly rent for each bedroom type based on current active listings in Austin.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,250/mo |
2 Bedrooms | $1,550/mo |
3 Bedrooms | $1,950/mo |
4 Bedrooms | $2,425/mo |
5 Bedrooms | $2,775/mo |
Austin Rental Market Statistics
Key indicators from the current Austin, TX rental market.
2,200
Available now in Austin
28
From list to lease
$1.30
Average across listings
1,350 sq ft
Typical rental size
$875 – $3,850
Min to max active listings
+1.5%
Avg rent vs. prior year
Investing in Austin, TX Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$420,000
Typical purchase price in Austin
Est. Gross Annual Yield
5.0%
Before expenses & vacancy
Avg Monthly Income
$1,750
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Austin for a full cash-flow breakdown including all costs.
Austin, TX Rental Market FAQ
Common questions about renting and investing in Austin, TX.
What is the average rent in Austin, TX?
The average rent in Austin, TX is $1,750 per month as of 2026. One-bedroom apartments average $1,250/mo, two-bedrooms average $1,550/mo, and three-bedroom homes average $1,950/mo. East Austin, South Congress, and Downtown command premiums, while areas like Round Rock, Cedar Park, and Pflugerville offer lower rents within the broader metro.
Is Austin, TX a good place to invest in rental property?
Austin offers a 5.0% estimated gross yield — lower than other Texas markets — due to high home prices relative to rents following the 2021–2022 price surge. However, the city's concentration of major tech employers (Apple, Google, Meta, Tesla, Dell) and the 50,000+ student University of Texas campus provide a deep, high-quality tenant pool. Investors who prioritize long-term appreciation over immediate yield will find Austin compelling.
How competitive is the Austin, TX rental market?
Austin averages 28 days on market with 2,200 active listings — a more balanced market than during the 2021–2022 peak. The significant new apartment supply that came online in 2023–2025 has given tenants more options and moderated rent growth to 1.5% year-over-year. East Austin, the Domain area, and neighborhoods near major tech campuses continue to see stronger demand and faster lease-up.
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