AUSTIN (KXAN) — 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.
South Austin Average one-bedroom rent: $958 Annual change: Not available North Austin Average one-bedroom rent: $1,065 Annual change: 7% decrease Allandale Average one-bedroom rent: $1,125 Annual change: 12% decrease North University Average one-bedroom rent: $1,125 Annual change: 0% Hyde Park Average one-bedroom rent: $1,175 Annual change: 7% decrease East Riverside Drive/Oltorf Street Average one-bedroom rent: $1,189 Annual change: 13% decrease Crestview Average one-bedroom rent: $1,195 Annual change: Not available West Oak Hill Average one-bedroom rent: $1,197 Annual change: 12% decrease Pleasant Valley Average one-bedroom rent: $1,208 Annual change: Not available Tech Ridge Average one-bedroom rent: $1,215 Annual change: Not available Southeast Austin Average one-bedroom rent: $1,227 Annual change: Not available South Lamar Average one-bedroom rent: $1,231 Annual change: 7% increase Cherry Creek Average one-bedroom rent: $1,247 Annual change: Not available West Campus Average one-bedroom rent: $1,250 Annual change: 22% decrease Northwest Austin Average one-bedroom rent: $1,251 Annual change: 2% decrease Riverside Average one-bedroom rent: $1,253 Annual change: 13% decrease Pond Springs Average one-bedroom rent: $1,264 Annual change: Not available Gracy Woods Average one-bedroom rent: $1,267 Annual change: Not available North Loop Average one-bedroom rent: $1,272 Annual change: 16% decrease Northeast Austin Average one-bedroom rent: $1,275 Annual change: 12% decrease Old West Austin Average one-bedroom rent: $1,349 Annual change: 0% change South Congress Average one-bedroom rent: $1,362 Annual change: Not available Highland Average one-bedroom rent: $1,372 Annual change: 11% decrease Jollyville Average one-bedroom rent: $1,400 Annual change: Not available Southwest Austin Average one-bedroom rent: $1,413 Annual change: 10% increaseThe full data trends evaluation is available online.
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