Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • On-site laundry facilities
  • Walk in closet
  • Private fenced patio
  • Plank flooring throughout
  • Spacious one-bedroom apartment
  • Close to local restaurants and shopping

Location

2602 Penny Ln, Austin, TX 78757, USA|North Shoal Creek
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Contact

Management

EQ Real Estate, LLC

Leasing office

(512) 472-9100

Property Overview

Penny Lane receives an impressive overall Zumper Expert Rating of 9.2 out of 10, reflecting its outstanding blend of value, amenities, and prime location. The property features on-site laundry, spacious layouts, and private outdoor spaces, contributing to its appeal, particularly for pet owners. With a competitive price rating of 10 out of 10 and trustworthiness at 8 out of 10, Penny Lane stands out as a reliable choice for renters seeking a quality living experience near local shopping and dining.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.2
Excellent
Penny Lane is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • Elementary school nearby
  • Laundry available on site

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath564 sqft$1,025 /mo1 unit availableGreat North/Central Austin location off Burnet Road near Hwy 183. Close to great local restaurants and shopping, and conveniently located on Capital Metro Bus Route. Spacious one-bedroom apartment in quiet complex. Plank flooring throughout, walk in closet, and private fenced patio. On-Site Laundry Facilities. Small Pets welcome with additional deposit.

Let's explore this property.

Amenities for Penny Lane

Apartment Amenities

Plank Flooring Through OutWalk-in Closet

Appliances

DishwasherElectric Range
RangeRefrigerator

Building

Cats OKDogs OK
Onsite Laundry

Grounds

Private Fenced Patio

Other

First Floor Unit
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

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units20
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About Penny Lane

HomeApartments in AustinNorth Shoal Creek Penny Lane

Great North/Central Austin location off Burnet Road near Hwy 183. Close to great local restaurants and shopping, and conveniently located on Capital Metro Bus Route. Spacious one-bedroom apartment in quiet complex. Plank flooring throughout, walk in closet, and private fenced patio. On-Site Laundry Facilities. Small Pets welcome with additional deposit.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.2
/10
Excellent
Penny Lane is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated Penny Lane
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Penny Lane offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Penny Lane goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Penny Lane receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Penny Lane is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Penny Lane has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Penny Lane is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 13 pet supply stores near the property
  • 5 pet hospitals in the area
  • 2 pet grooming services nearby

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 Penny Lane compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.3 mile away
Elementary school nearby
There is an elementary school 0.3 mile away
Laundry available on site
Washers and dryers are available in-building or in-unit
Walk-in closet
More closet space on average

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in North Shoal Creek

1-bedroom apartments at Penny Lane cost about 7% less than the average rent price for 1-bedroom apartments in North Shoal Creek.

Median rents as of Nov 1 2025.
North Shoal Creek
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
November 2023$1,443
December 2023$1,448
January 2024$1,445
February 2024$1,438
March 2024$1,495
April 2024$1,500
May 2024$1,504
June 2024$1,520
July 2024$1,502
August 2024$1,521
September 2024$1,582
October 2024$1,596
November 2024$1,576
December 2024$1,569
January 2025$1,582
February 2025$1,576
March 2025$1,582
April 2025$1,601
May 2025$1,583
June 2025$1,582
July 2025$1,574
August 2025$1,579
September 2025$1,582
October 2025$1,582
November 2025$1,583
A table of studio rental data trends in North Shoal Creek
MonthMedian Rent
November 2023$1,097
December 2023$1,053
January 2024$1,062
February 2024$1,050
March 2024$1,050
April 2024$1,065
May 2024$950
June 2024$1,150
July 2024$950
August 2024$950
October 2024$1,050
November 2024$1,000
December 2024$950
January 2025$1,030
February 2025$1,035
March 2025$1,035
April 2025$1,017
May 2025$1,020
June 2025$1,025
July 2025$1,034
August 2025$1,004
September 2025$1,002
October 2025$1,034
November 2025$1,167

Affordability calculator

Can I afford to live at 2602 Penny Ln?

Bedrooms

1 bedroom

Rent-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

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.

Schools near Penny Lane

Pillow Elementary School

3025 crosscreek dr

austin, TX, 78757

PK, K-5Public
B-

Padron Elementary School

2011 w rundberg ln

austin, TX, 78758

PK, K-5Public
C

Rosedale School

7505 silvercrest dr

austin, TX, 78757

PK, K-12Public

Uphaus Early Childhood Center

5200 freidrich ln

austin, TX, 78744

PK, KPublic
B
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Internet available near Penny Lane

Getting around Austin near 2602 Penny Ln

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 2602 Penny Ln, Austin

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

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