Zumper
modified
5+ Days Ago

Highlights

  • Central location
  • Off-street parking
  • Quality construction
  • Modern luxury
  • Open-concept layout
  • Premium materials and fixtures

Location

701 Sparks Ave, Austin, TX 78705, USA|Hancock
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Management

Leasing Office

Leasing office

(512) 479-9922

Property Overview

701 Sparks Ave offers a strong overall Zumper expert rating of 7.1, highlighting its appeal as a rental option. The property features exceptional amenities and location ratings of 9 out of 10, showcasing its central position and high-quality features such as modern luxury and premium materials. Additionally, it provides transparency with a trustworthiness rating of 8, fostering confidence in potential renters.

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

Zumper Expert Rating

7.1
Very Good
701 Sparks Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Middle school nearby
  • Elementary school nearby

Floor plans

5BR/5.0BA5 bed5 bath$6,500 /mo1 unit availableNow pre-leasing for an August 2026 move-in, this brand-new 5-bedroom, 5-bathroom home is currently under construction and will offer modern luxury just a short walk from The University of Texas. Designed with elevated finishes and thoughtful architecture, this rare new-build near campus provides a fresh, upscale leasing opportunity in one of Austin’s most desirable neighborhoods. The home will feature an open-concept layout with abundant natural light, a high-end kitchen with premium materials and fixtures, and four well-sized bedrooms served by four beautifully finished bathrooms. The design is ideal for roommates, professionals, or anyone seeking a brand-new residence close to UT. Off-street parking will be included—an exceptional convenience in this central location. With its walkable proximity to campus, quality construction, and anticipated August 2026 completion, this home offers the chance to secure newly built luxury housing well ahead of schedule. *If home is not complete for 8/22/26 commencement date landlord to offer a one time $4,000 housing credit to tenants to cover the cost of short term rental.

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Amenities for 701 Sparks Ave

Apartment Amenities

Dryer

Appliances

DishwasherIn-Unit Laundry
RangeRefrigerator
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.

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Building details

Property details

Units2
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About 701 Sparks Ave

HomeApartments in AustinHancock 701 Sparks Ave

Now pre-leasing for an August 2026 move-in, this brand-new 5-bedroom, 5-bathroom home is currently under construction and will offer modern luxury just a short walk from The University of Texas. Designed with elevated finishes and thoughtful architecture, this rare new-build near campus provides a fresh, upscale leasing opportunity in one of Austin’s most desirable neighborhoods. The home will feature an open-concept layout with abundant natural light, a high-end kitchen with premium materials and fixtures, and four well-sized bedrooms served by four beautifully finished bathrooms. The design is ideal for roommates, professionals, or anyone seeking a brand-new residence close to UT. Off-street parking will be included—an exceptional convenience in this central location. With its walkable proximity to campus, quality construction, and anticipated August 2026 completion, this home offers the chance to secure newly built luxury housing well ahead of schedule. *If home is not complete for 8/22/26 commencement date landlord to offer a one time $4,000 housing credit to tenants to cover the cost of short term rental.


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.
7.1
/10
Very Good
701 Sparks Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.
How we rated 701 Sparks Ave
Price·5A 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.
Monthly rent at 701 Sparks Ave is significantly more expensive than other properties in local neighborhoods. Because of the risk associated with the significant cost difference, this building received a 5/10. Some might think the increased cost is justified by the amenities, but it's worth taking a thorough look for yourself and deciding if any premium benefits are worth the extra expense.
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.
701 Sparks Ave goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, 701 Sparks Ave 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.
701 Sparks Ave 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·6A 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.
While 701 Sparks Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.

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 701 Sparks Ave compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 2 miles away
Elementary school nearby
There is an elementary school 0.3 mile away

Considerations

Priced higher than average
4-bedrooms are $3350 more than the median rent in this area
Priced higher than average
5-bedrooms are $5151 more than the median rent in this area

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Rent trends in Hancock

Median rents as of Mar 14 2026.
Hancock
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
March 2024$1,506
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$1,584
December 2025$1,585
January 2026$1,584
February 2026$1,588
March 2026$1,581
A table of studio rental data trends in Hancock
MonthMedian Rent
March 2024$1,435
April 2024$1,477
May 2024$1,502
June 2024$1,505
July 2024$1,519
August 2024$1,501
September 2024$1,511
October 2024$1,516
November 2024$1,498
December 2024$1,496
January 2025$1,504
February 2025$1,514
March 2025$1,514
April 2025$1,504
May 2025$1,493
June 2025$1,504
July 2025$1,531
August 2025$1,414
September 2025$1,566
October 2025$1,567
November 2025$1,503
December 2025$1,375
January 2026$1,400
February 2026$1,349
March 2026$1,312

Schools near 701 Sparks Ave

Lee Elementary School

3308 hampton rd

austin, TX, 78705

K-6Public
A-

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

YPW Spanish Immersion School

3640 bee caves rd

austin, TX, 78746

PKPublic
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Internet available near 701 Sparks Ave

Neighborhood

Hancock | Austin, TX

NEIGHBORHOOD VIBE
Green oasis
A botanical paradise blooming with foliage.

Getting around Austin near 701 Sparks Ave

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

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

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 701 Sparks Ave, Austin

Groceries

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

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Parks

9/10
Very large amount of park space within a few minutes' walk

Nightlife

6/10
Several bars within a few minutes’ walk

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