Zumper
modified
3 Days Ago

Highlights

  • 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
Hi! Let’s figure out if this property is right for you.

Powered by Zumper AI

Tour Penny Lane

Contact

Management

EQ Real Estate, LLC

Leasing office

(512) 472-9100

Property Overview

Penny Lane is a competitively priced, spacious one-bedroom community with strong expert scores across overall quality, amenities, location, and trustworthiness, indicating excellent value for renters. Residents benefit from convenient on-site laundry, walk-in closets, private fenced patios, and plank flooring, as well as proximity to local restaurants, shopping, and nearby top-rated elementary and middle schools.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, Penny Lane is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Penny Lane has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Elementary school nearby

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath564 sqft$879 /mo1 unit availableGreat North/Central Austin location off Burnet Road near Hwy 183. Near to local restaurants and shopping, and conveniently located on Capital Metro Bus Route. Spacious one-bedroom apartment in quiet complex with tile countertops and no carpet. On-Site Laundry Facilities Ready for move in ASAP.

Let's explore this property.

Amenities for Penny Lane

Apartment Amenities

Walk-in Closet

Building

Onsite Laundry

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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units20
Advertisement

About Penny Lane

HomeApartments in AustinNorth Shoal Creek Penny Lane

Great North/Central Austin location off Burnet Road near Hwy 183. Near to local restaurants and shopping, and conveniently located on Capital Metro Bus Route. Spacious one-bedroom apartment in quiet complex with tile countertops and no carpet. On-Site Laundry Facilities Ready for move in ASAP.


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Penny Lane is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Penny Lane has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated Penny Lane
Price·8A 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.
Scoring a 8/10, Penny Lane is a great option for renters looking for apartments in North Shoal Creek. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, Penny Lane is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
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
  • 1 pet grooming service 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

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
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
No in-unit dishwasher
Dishwashers aren't available

Get the latest listings anytime, anywhere

Receive similar listings in the area, download our app, and more.
Email*
By clicking submit, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values.

Rent trends in North Shoal Creek

1-bedroom apartments at Penny Lane cost about 26% less than the average rent price for 1-bedroom apartments in North Shoal Creek.

Median rents as of May 2 2026.
North Shoal Creek
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
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$1,584
December 2025$1,585
January 2026$1,584
February 2026$1,588
March 2026$1,584
April 2026$1,602
May 2026$1,620
A table of studio rental data trends in North Shoal Creek
MonthMedian Rent
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
December 2025$1,067
January 2026$1,048
February 2026$1,059
March 2026$1,011
April 2026$999
May 2026$1,475

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

$35,160/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,160 annually to afford this 1-bedroom monthly rent price of $879.
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

Texas School for the Blind

1100 w 45th st

austin, TX, 78756

3-12Public
C

Davis Elementary School

5214 duval rd

austin, TX, 78727

PK, K-5Public
A-
Powered byniche.com
Advertisement

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

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
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 5-minute walk

High schools

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

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within a few minutes’ walk

Explore the area around 2602 Penny Ln

El Rancho Supermercado
8752 Research Blvd
Lone Star Family Food Market
8756 Research Blvd
Fresh Plus
2917 W Anderson Ln
Walmart Supercenter
2525 W Anderson Ln
La Hacienda
1812 Payton Gin Rd

Compare similar properties nearby

featured image of 2921 E 17th St

The Rail

Our team has verified this company

Chestnut • 2921 E 17th St

Studio–2 Beds

$1,261–$2,495

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 824 Camino La Costa

Centro Studio Homes

Our team has verified this company

St. Johns • 824 Camino La Costa

Studio

$699–$1,114

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 3515 Manor Rd

Seabrook Square

Our team has verified this company

MLK • 3515 Manor Rd

Studio–3 Beds

$835–$1,923

dogs and cats ok
Yes
swimming pool
No
fitness center
Yes
featured image of 4600 Elmont Dr

Ballpark North

Our team has verified this company

Pleasant Valley • 4600 Elmont Dr

1 Bed

$1,030–$1,140

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 11011 Domain Dr

Villages at Domain

Our team has verified this company

North Burnet • 11011 Domain Dr

Studio–3 Beds

$1,196–$2,141

dogs and cats ok
Yes
swimming pool
Yes
fitness center
No
featured image of 8225 N Fm 620 Rd

Abelia Flats

Our team has verified this company

8225 N Fm 620 Rd

Studio–3 Beds

$993–$3,597

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 8600 N Fm 620 Rd

The Verandah

Our team has verified this company

8600 N Fm 620 Rd

1–3 Beds

$1,089–$2,335

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 5400 W Parmer Ln

Stone Oak @ Parmer

Our team has verified this company

5400 W Parmer Ln

1–3 Beds

$1,037–$2,620

dogs and cats ok
Yes
swimming pool
No
fitness center
No
featured image of 2921 E 17th St

The Rail

Our team has verified this company

Chestnut • 2921 E 17th St

Studio–2 Beds

$1,261–$2,495

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 824 Camino La Costa

Centro Studio Homes

Our team has verified this company

St. Johns • 824 Camino La Costa

Studio

$699–$1,114

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 3515 Manor Rd

Seabrook Square

Our team has verified this company

MLK • 3515 Manor Rd

Studio–3 Beds

$835–$1,923

dogs and cats ok
Yes
swimming pool
No
fitness center
Yes
featured image of 4600 Elmont Dr

Ballpark North

Our team has verified this company

Pleasant Valley • 4600 Elmont Dr

1 Bed

$1,030–$1,140

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 11011 Domain Dr

Villages at Domain

Our team has verified this company

North Burnet • 11011 Domain Dr

Studio–3 Beds

$1,196–$2,141

dogs and cats ok
Yes
swimming pool
Yes
fitness center
No
featured image of 8225 N Fm 620 Rd

Abelia Flats

Our team has verified this company

8225 N Fm 620 Rd

Studio–3 Beds

$993–$3,597

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 8600 N Fm 620 Rd

The Verandah

Our team has verified this company

8600 N Fm 620 Rd

1–3 Beds

$1,089–$2,335

dogs and cats ok
Yes
swimming pool
Yes
fitness center
Yes
featured image of 5400 W Parmer Ln

Stone Oak @ Parmer

Our team has verified this company

5400 W Parmer Ln

1–3 Beds

$1,037–$2,620

dogs and cats ok
Yes
swimming pool
No
fitness center
No

Check availability

Full name*
Move-in date
Floor plan
By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by Penny Lane.