How many apartments are available in 78723 on Rentable.co?

Rentable.co has 151 apartments available for rent in 78723.

What is the average rent for an apartment in 78723?

The average rent for an apartment in 78723 is around $1,720 per month.

What is the average rent for a two-bedroom apartment in 78723?

The average rent for a two-bedroom apartment in 78723 is around $1,868 per month.

What is the average rent for a one-bedroom apartment in 78723?

The average rent for a one-bedroom apartment in 78723 is around $1,512 per month.

What is the average rent for a studio apartment in 78723?

The average rent for a studio apartment in 78723 is around $1,345 per month.

Apartments in 78723

Austin:
December Rent Report

Welcome to the December 2024 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Austin rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Austin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Austin average rent prices in the chart below.

Monthly Rent Report

$2,050

$1,540

$1,030

$510

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Austin Rent Prices Decrease From November to December

Austin rent prices decreased over the last month. From November to December, the city experienced a -2.08% decrease for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,460.0.

When we take a look at the two-bedroom comparison from November to December, Austin experienced a -1.18% decrease for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,842.0.

December Prices: Austin vs. Surrounding Areas

Leander, TX

Pflugerville, TX

Kyle, TX

Austin, TX

Round Rock, TX

Cedar Park, TX

Georgetown, TX

San Marcos, TX

$1,580

$1,573

$1,538

$1,491

$1,445

$1,441

$1,341

$1,163

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Austin and Surrounding Areas

Rent prices have decreased in Austin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Austin suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Round Rock, TX, San Marcos, TX, Georgetown, TX, Pflugerville, TX, Leander, TX .
Rent decreased in Kyle, TX, Cedar Park, TX.
3 suburbs are currently priced higher than the city of Austin.
4 suburbs are currently priced lower than the city of Austin.

December 2024 Pricing Trends: Austin vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Austin, TX

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,134

$3,160

$2,389

$2,353

$1,914

$1,491

$1,318

$1,255

$1,234

$1,350

$2,700

$4,050

$5,400

Median Rent

Austin Rent Prices More Affordable Than Major Cities

Rent growth in Austin over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin average rent prices appear to be relatively affordable for local residents.

The price for a Austin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Austin and surrounding area rent prices, take a look at the complete data set below.

Data set for Austin and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Austin, TX	$1,491.0	-2.49%	$1,864.0	-1.27%
Round Rock, TX	$1,445.0	0.56%	$1,800.0	0.95%
San Marcos, TX	$1,163.0	3.56%	$1,326.0	-0.15%
Kyle, TX	$1,538.0	-3.27%	$1,781.0	-3.26%
Georgetown, TX	$1,341.0	0.53%	$1,710.0	0.12%
Cedar Park, TX	$1,441.0	-0.48%	$1,943.0	-0.41%
Pflugerville, TX	$1,573.0	0.06%	$2,060.0	0.00%
Leander, TX	$1,580.0	1.22%	$2,051.0	3.64%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.