Listed 1 Day Ago
Highlights
Pet Friendly
Location
5501 Downs Dr, Austin, TX 78721, USA|MLK-183
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Property Overview
Close to a top-rated middle school and supported by 40 photos, the home offers a clear, well-documented look at the property. It also ranks in the 100th percentile for value for money in the area and includes pet-friendly touches, outdoor spaces, and tile, vinyl, or hardwood flooring.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Images Available
Great for
Pet owners
Amenities for 5501 Downs Dr, MLK-183
Features
| Carpet | Ceiling Fan |
| Hardwood Floor | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 5501 Downs Dr
Sweet deal!
This listing is 27% below the median price for 4 bedroom apartments in MLK-183.
Welcome to this beautifully updated 4-bedroom, 2-bath home in East Austin's desirable 78721 area. Combining modern finishes with inviting indoor and outdoor living spaces, this home offers comfort, style, and convenience just minutes from downtown. The home features hardwood flooring, large windows that fill the space with natural light, and a thoughtfully designed layout. The living room includes a ceiling fan and wall-mounted TV bracket, while the dedicated dining area is highlighted by a stylish woven basket chandelier. The gourmet kitchen is designed for both everyday living and entertaining, featuring shaker-style cabinetry, floating shelves, quartz countertops, a subway tile backsplash, and a large center island with breakfast bar seating. Stainless steel appliances include a gas range, French-door refrigerator, microwave, dishwasher, and undermount sink with gooseneck faucet. All bedrooms offer ceiling fans, carpeted flooring, and spacious closets, including one bedroom with a large walk-in closet complete with built-in shelving and hanging storage. The primary bathroom features a dual-sink vanity and tub/shower combination, while the secondary bathroom includes a vanity and tiled shower with built-in niche. Step outside to enjoy an impressive multi-level wooden deck, complete with custom-built outdoor seating and a coffee table, creating the perfect setting for relaxing or entertaining. The fully fenced backyard offers mature shade trees, raised garden beds, a fire pit, storage shed, and exceptional privacy. Additional exterior features include a wide elevated front porch, expansive front lawn, terraced garden bed, and off-street parking via the side driveway. A dedicated laundry area with washer and dryer included adds everyday convenience. LOCATION HIGHLIGHTS -Downtown Austin – approximately 10 minutes -Austin–Bergstrom International Airport (AUS) – approximately 15 minutes -The University of Texas at Austin – approximately 10 minutes -Oracle Corporate Campus – nearby major employer -Tesla Gigafactory Texas – convenient commuter access -Mueller Development – shopping, dining, entertainment, and grocery options -East Austin Entertainment District – restaurants, coffee shops, breweries, and nightlife -Lady Bird Lake & Trail System – outdoor recreation, biking, and walking trails Your Perfect Austin Home Awaits. Schedule your tour now! All Bay Property Management Group Austin residents are automatically enrolled in the Resident Benefits Package (RBP) for $50.00/month, which includes renters insurance, credit building to help boost your credit score with timely rent payments, $1M Identity Protection, HVAC air filter delivery, move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! The Resident Benefits Package is a voluntary program and may be terminated at any time, for any reason, upon thirty (30) days' written notice. Tenants that do not upload their own renter's insurance to the Tenant portal 5 days prior to move in will be automatically included in the RBP and the renter's insurance program. More details upon application. Requirements include acceptable rental history, acceptable credit history, acceptable criminal history, and complete and accurate information on the application. Pursuant to Texas law, the landlord is not required to and does not accept housing vouchers at this property. The landlord compl..
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5501 Downs Dr compares to other nearby properties.
Positives
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | MLK-183 |
|---|---|
| Zip code | 78721 |
| Type | House for rent |
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Rent trends in MLK-183
4-bedroom apartments at 5501 Downs Dr cost about 27% less than the average rent price for 4-bedroom apartments in Austin.
Median rents as of Jul 25 2026.
MLK-183
Austin
| Month | Median Rent |
|---|---|
| August 2024 | $2,900 |
| September 2024 | $2,993 |
| October 2024 | $3,177 |
| November 2024 | $3,057 |
| December 2024 | $2,998 |
| January 2025 | $2,997 |
| February 2025 | $2,967 |
| March 2025 | $3,007 |
| April 2025 | $3,025 |
| May 2025 | $2,978 |
| June 2025 | $2,851 |
| July 2025 | $2,769 |
| August 2025 | $2,706 |
| September 2025 | $2,756 |
| October 2025 | $2,825 |
| November 2025 | $2,791 |
| December 2025 | $2,798 |
| January 2026 | $2,851 |
| February 2026 | $2,886 |
| March 2026 | $2,797 |
| April 2026 | $2,771 |
| May 2026 | $2,761 |
| June 2026 | $2,797 |
| July 2026 | $2,696 |
| Month | Median Rent |
|---|---|
| August 2024 | $3,368 |
| September 2024 | $2,868 |
| October 2024 | $2,543 |
| March 2025 | $2,000 |
| April 2025 | $2,000 |
| May 2025 | $2,000 |
| August 2025 | $2,500 |
| September 2025 | $2,500 |
| November 2025 | $2,190 |
| December 2025 | $2,190 |
| June 2026 | $3,695 |
| July 2026 | $3,695 |
Affordability calculator
Can I afford to live at 5501 Downs Dr?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$107,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $107,960 annually to afford this 4-bedrooms monthly rent price of $2,699.
For more information on rent affordability, visit our rent calculator.
Schools near 5501 Downs Dr
Norman-Sims Elementary School
4001 tannehill ln
austin, TX, 78721
PK, K-5Public
C+
Texas School for the Blind
1100 w 45th st
austin, TX, 78756
3-12Public
C
Rosedale School
7505 silvercrest dr
austin, TX, 78757
PK, K-12Public
Texas School for the Deaf
1102 s congress ave
austin, TX, 78704
PK, K-12Public
Uphaus Early Childhood Center
5200 freidrich ln
austin, TX, 78744
PK, KPublic
B
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Internet available near 5501 Downs Dr
Neighborhood
MLK-183 | Austin, TX
Getting around Austin near 5501 Downs Dr
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 5501 Downs Dr, Austin
Groceries
6/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
3/10
Some shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Variety of bars within a short drive
Explore the area around 5501 Downs Dr
Double R Grocery
4501 E Martin Luther King Jr Blvd
Mom & Pop's General Store
2943 E 12th St
Lone Star Family Market
2009 Airport Blvd
Double M Grocery
7700 FM 969 Rd
Incubaker
1924 E 38th 1/2 St
Cool Gear
6409 Wilcab Rd
First Request
4405 Scottsdale Rd
Family Dollar
4701 E Martin Luther King Jr Blvd
Shoe Show
1144 Airport Blvd
Citi Trends
1144 Airport Blvd
Texas Coffee Traders
5815 Wilcab Rd
Enduro Coffee Roasters LLC
1400 Greenwood Ave
Hound Stooth Coffee
2001 Ed Bluestein Blvd
Austin Coffee Collective
2803 Zach Scott St
Sa-Ten
916 Springdale Rd
Boukarou International, LLC
1413 Webberville Rd
Sahara Lounge
1413 Webberville Rd
Texas Union Bowling Alley
Uroko LLC
1023 Springdale Rd
Sunny's Backyard
3526 E 7th St
Guru Cake
1023 Springdale Rd
Julie Myrtille
1023 Springdale Rd
Joe's Organics
7206 Shelton Rd
Brothers Produce of Austin
979 Springdale Rd
Organic Muscle Fitness Supplements
5500 Basswood Ln
Playground
Norman School Park
Springdale Park
Fort Branch Creek Greenbelt
Playground
Ted's Farm BBQ
6014 Techni Center Dr
Subway
6105 Techni Center Dr
Krispy Krunchy Chicken
4509 E Martin Luther King Jr Blvd
Chiapita's Tacos
4509 E Martin Luther King Jr Blvd
Lucille's Kitchen
4509 E Martin Luther King Jr Blvd
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Woodrow / Lamar
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Fort Branch / Delano
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Tannehill / Samuel Huston
Woodrow / Lamar
Fort Branch / Meander
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M L King Jr Station
Red Line, Red Line
Plaza Saltillo Station
Red Line, Red Line
Downtown Station
Red Line, Red Line
Highland Station
Red Line, Red Line
Crestview Station
Red Line, Red Line
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