Luxe Austin Homes

KXAN Austin writes, "After Real estate experts reported in December Austin had the largest rent decrease between 2023 and 2024 of the country’s largest metros, new insight from Rent.com data is revealing which capital city neighborhoods are cheapest for renters.

Rent.com pulled average rental data and annual change data for Austin from February 2025 figures, with all neighborhoods included listed on the apartment search engine’s rental market trends dashboard.

Rent.com’s analysis revealed the average rental prices in Austin included $1,261 for a studio (up 14% year over year), $1,387 for a one-bedroom apartment (down 4% year over year) and $1,713 for a two-bedroom unit (down 3% from this time in 2024).

Looking at the proportions of rental units in various cost brackets, Rent.com’s data revealed 42% of Austin apartments cost more than $2,100 a month, with 31% listing monthly rents between $1,501 and $2,100. For units between $1,001 and $1,500, those amounted to 23% of available units, while just 4% of Austin apartments available for rent cost between $701 and $1,000.

Here’s a breakdown of the cheapest Austin neighborhoods by one-bedroom apartment rates, courtesy Rent.com. Data is up to date as of Sunday.

1. South Austin
   • Average one-bedroom rent: $958
   • Annual change: Not available
2. North Austin
   • Average one-bedroom rent: $1,065
   • Annual change: 7% decrease
3. Allandale
   • Average one-bedroom rent: $1,125
   • Annual change: 12% decrease
4. North University
   • Average one-bedroom rent: $1,125
   • Annual change: 0%
5. Hyde Park
   • Average one-bedroom rent: $1,175
   • Annual change: 7% decrease
6. East Riverside Drive/Oltorf Street
   • Average one-bedroom rent: $1,189
   • Annual change: 13% decrease
7. Crestview
   • Average one-bedroom rent: $1,195
   • Annual change: Not available
8. West Oak Hill
   • Average one-bedroom rent: $1,197
   • Annual change: 12% decrease
9. Pleasant Valley
   • Average one-bedroom rent: $1,208
   • Annual change: Not available
10. Tech Ridge
    • Average one-bedroom rent: $1,215
    • Annual change: Not available
11. Southeast Austin
    • Average one-bedroom rent: $1,227
    • Annual change: Not available
12. South Lamar
    • Average one-bedroom rent: $1,231
    • Annual change: 7% increase
13. Cherry Creek
    • Average one-bedroom rent: $1,247
    • Annual change: Not available
14. West Campus
    • Average one-bedroom rent: $1,250
    • Annual change: 22% decrease
15. Northwest Austin
    • Average one-bedroom rent: $1,251
    • Annual change: 2% decrease
16. Riverside
    • Average one-bedroom rent: $1,253
    • Annual change: 13% decrease
17. Pond Springs
    • Average one-bedroom rent: $1,264
    • Annual change: Not available
18. Gracy Woods
    • Average one-bedroom rent: $1,267
    • Annual change: Not available
19. North Loop
    • Average one-bedroom rent: $1,272
    • Annual change: 16% decrease
20. Northeast Austin
    • Average one-bedroom rent: $1,275
    • Annual change: 12% decrease
21. Old West Austin
    • Average one-bedroom rent: $1,349
    • Annual change: 0% change
22. South Congress
    • Average one-bedroom rent: $1,362
    • Annual change: Not available
23. Highland
    • Average one-bedroom rent: $1,372
    • Annual change: 11% decrease
24. Jollyville
    • Average one-bedroom rent: $1,400
    • Annual change: Not available
25. Southwest Austin
    • Average one-bedroom rent: $1,413
    • Annual change: 10% increase

The full data trends evaluation is available online."

Source: KXAN Austin

Written by: Kelsey Thompson 

Published: March 10, 2025

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