Last updated
Average Rent in Cherrywood & Rent Trends
Rent prices and market trends across 3 apartment communities in Cherrywood, Austin, TX. Updated daily.
Market Average
$2,090/mo
Lowest Available
$1,103/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
23
available now
Cherrywood vs Austin, TX Average
Cherrywood is more expensive the Austin, TX average by $63/mo (3%). The citywide average is $2,027/mo across all neighborhoods.
Is Rent Going Up or Down in Cherrywood?
As of June 2026, the average rent in Cherrywood is $2,090 per month across 3 apartment communities and 23 available units.
The most affordable option is The Abali starting at $1,103/mo. By unit type, a studio averages $1,580/mo, a 1-bedroom averages $1,982/mo, a 2-bedroom averages $2,261/mo, a 3-bedroom averages $3,980/mo.
Prices range from $1,103 to $3,980 per month. The most common price point is the $1,600 range, where 7 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Cherrywood
Rent Prices by Apartment in Cherrywood
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Abali | $1,103/mo | $1,262/mo | 3 | 3.2 |
| Elan East Apartments | $1,529/mo | $1,905/mo | 9 | 4.6 |
| Bridge at The Blockyard | $1,606/mo | $2,466/mo | 11 | 4.4 |
Google Search Trends for Cherrywood Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Cherrywood
What is the average rent in Cherrywood?
Is rent going up or down in Cherrywood?
What is the cheapest apartment in Cherrywood?
How much is a 1-bedroom apartment in Cherrywood?
How many apartments are available in Cherrywood?
What salary do I need to live comfortably in Cherrywood?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$84,000/year
Based on the 30 percent rule, using our tracked average rent of $2,090/mo.
Comfortable income
$100,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,103/mo), you need to earn at least $44,000/year.
Median household income in Cherrywood is $91,461 , about 9% below the comfortable-living threshold.
Cost of living in Cherrywood
Overall prices in Cherrywood 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 Cherrywood's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,090 |
| Utilities | $543 |
| Groceries | $502 |
| Transportation | $1,295 |
| Healthcare | $632 |
| Other goods and services | $1,011 |
| Estimated total | $6,073/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.
Explore Cherrywood Apartments
Browse all 3 communities with daily-updated pricing and availability.