Zumper
modified
Updated 3 Days Ago

Highlights

  • Quartz countertops
  • Vinyl plank flooring
  • On site laundry
  • Recently renovated
  • Pet friendly community

Location

2602 Penny Ln, Austin, TX 78757, USA|North Shoal Creek
Hi! Let’s figure out if this property is right for you.

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Contact

Management

EQ Real Estate, LLC

Leasing office

(512) 472-9100

Property Overview

Penny Lane earns a strong overall Zumper Expert Rating of 8.6, supported by excellent marks for amenities, location, and quality, along with competitive pricing and strong trustworthiness. Key features include quartz countertops, vinyl plank flooring, on-site laundry, recent renovations, and a pet-friendly community, while nearby top-rated elementary and middle schools add to its appeal.

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

8.6
Very Good
With a solid 8.6 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 Amenities— so you can be assured your rent will come with a high standard of living.

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$950 /mo1 unit availableGreat central Austin location with easy access to all major highways and on Capital Metro Bus Route. Large one bedroom on the first floor in a quiet complex. Recently renovated with fresh paint, vinyl plank flooring throughout, and quartz countertops. On site laundry. Pet friendly community. Ready for move in ASAP!

Let's explore this property.

Amenities for Penny Lane

Apartment Amenities

Vinyl Plank Flooring ThroughoutWalk-in Closet

Appliances

DishwasherFree Standing Range
Refrigerator

Building

Onsite Laundry
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
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About Penny Lane

HomeApartments in AustinNorth Shoal Creek Penny Lane

Great central Austin location with easy access to all major highways and on Capital Metro Bus Route. Large one bedroom on the first floor in a quiet complex. Recently renovated with fresh paint, vinyl plank flooring throughout, and quartz countertops. On site laundry. Pet friendly community. 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.
8.6
/10
Very Good
With a solid 8.6 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 Amenities— 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·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 onsite laundry. 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
  • 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

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 5% less than the average rent price for 1-bedroom apartments in North Shoal Creek.

Median rents as of Aug 29 2026.
North Shoal Creek
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
September 2024$1,588
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$1,339
June 2026$1,187
July 2026$1,154
August 2026$1,105
A table of studio rental data trends in North Shoal Creek
MonthMedian Rent
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

$38,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
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-
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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

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

7/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide 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

8/10
Wide variety of bars within a short drive, including some within walking distance

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2525 W Anderson Ln
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1812 Payton Gin Rd

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