Last updated
Average Rent in Downtown Austin & Rent Trends
Rent prices and market trends across 19 apartment communities in Downtown Austin, Austin, TX. Updated daily.
Market Average
$4,329/mo
▲ +3.6% from last month
Lowest Available
$1,159/mo
cheapest unit on market
Communities
19
tracked daily
Units Listed
119
available now
Price Cuts This Week in Downtown Austin
143 listed units across 15 buildings offering 2 bed units in Downtown Austin dropped their asking rent in the past 7 days, an average cut of $126/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Hanover Brazos Street | Unit 7 | $4,251 | $2,801 | $1,450 |
| Hanover Brazos Street | Unit 6 | $4,392 | $3,015 | $1,377 |
| Ashton Austin | Unit 3603, PC2.5C | $10,991 | $9,996 | $995 |
| Hanover Brazos Street | Unit 4 | $3,015 | $2,321 | $694 |
| Hanover Brazos Street | Unit 5 | $2,801 | $2,370 | $431 |
| Ashton Austin | Unit 0802, B2D | $5,616 | $5,216 | $400 |
| Ashton Austin | Unit 1102, B2D | $5,816 | $5,416 | $400 |
| Ashton Austin | Unit 1602, B2D | $5,771 | $5,371 | $400 |
Downtown Austin vs Austin, TX Average
Downtown Austin is more expensive the Austin, TX average by $2,355/mo (119%). The citywide average is $1,974/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown Austin?
As of July 2026, the average rent in Downtown Austin is $4,329 per month across 19 apartment communities and 119 available units. Rents have increased $122 (3.6%) over the past month.
The most affordable option is Camden Downtown starting at $1,159/mo. By unit type, a 2-bedroom averages $4,329/mo.
Prices range from $1,159 to $11,839 per month. The most common price point is the $4,200 range, where 16 units are currently listed.
Downtown Austin Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| March 2026 | $2,592 | - | 5 |
| April 2026 | $3,014 | +$422 | 19 |
| May 2026 | $3,165 | +$151 | 19 |
| June 2026 | $3,386 | +$221 | 19 |
| July 2026 | $3,496 | +$110 | 19 |
Rent Price Distribution
Rent by Bedroom Type in Downtown Austin
Rent Prices by Apartment in Downtown Austin
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Camden Downtown | $1,159/mo | $1,344/mo | 6 | 4 |
| Camden Rainey Street Apartments | $1,159/mo | $1,344/mo | 6 | 4.3 |
| AMLI 300 | $2,322/mo | $2,465/mo | 6 | 3.8 |
| Elle West Ave | $2,570/mo | $2,826/mo | 5 | 4 |
| Whitley Apartments | $3,151/mo | $3,203/mo | 3 | 4.6 |
| 404 Rio Grande | $3,185/mo | $3,514/mo | 5 | 4.4 |
| AMLI Downtown | $3,624/mo | $4,093/mo | 3 | 3.9 |
Frequently Asked Questions About Rent in Downtown Austin
What is the average rent in Downtown Austin?
Is rent going up or down in Downtown Austin?
What is the cheapest apartment in Downtown Austin?
How many apartments are available in Downtown Austin?
What salary do I need to live comfortably in Downtown Austin?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$173,000/year
Based on the 30 percent rule, using our tracked average rent of $4,329/mo.
Comfortable income
$208,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,159/mo), you need to earn at least $46,000/year.
Median household income in Downtown Austin is $91,461 , about 56% below the comfortable-living threshold.
Cost of living in Downtown Austin
Overall prices in Downtown Austin runs below the national average by about 2% (BEA Regional Price Parity index 98.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Downtown Austin's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $4,329 |
| Utilities | $543 |
| Groceries | $502 |
| Transportation | $1,295 |
| Healthcare | $632 |
| Other goods and services | $1,011 |
| Estimated total | $8,312/mo |
Population
967,862
Median household income
$91,461
Census median rent
$1,655/mo
Rent as % of income
29.0%
Median age
34.5
Mean commute
24 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Downtown Austin Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Downtown Austin Apartments
Browse all 19 communities with daily-updated pricing and availability.