11 Hours Ago
Highlights
Pet Friendly
- Virtual tour
- 3d tour
Location
1801 Rio Grande St, Austin, TX 78701, USA|Downtown Austin
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Property Overview
Penthouse Apartments offers strong overall value with high expert ratings for price, amenities, location, and trustworthiness, along with solid quality scores and extensive listing photos to help set clear expectations. Residents benefit from convenient access to a top-rated high school and exceptional nearby cultural, dining, and recreation options that support an active social life. The building’s 2 bedroom, 2 bath layouts, on-site laundry facility, parking, and nearby pet services and parks further enhance everyday convenience and comfort.
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.
Things you’ll love
High school nearby- Less expensive
- More space
Great for
Social life
Pet owners
Floor plans
| penA1 | 1 bed | 1 bath | 580 sqft | $1,294 /mo | 4 units available | Nestled in the North Side neighborhood adjacent to Downtown ATX, your next home at Penthouse Apartments is a one-of-a-kind gem you will be lucky to find. Surrounding you will be the historic Texas Capital, Waterloo Park, Pease District Park, and Moody Amphitheater, along with countless iconic eateries. You'll be within walking distance to dozens of restaurants Downtown and at The Drag, which includes Dobie Mall, Medici Roasting, Kerbey Lane, and Torchy's. Penthouse Apartments has 5 parks within 2.6 miles, including Texas Memorial Museum, Shoal Creek Greenbelt Park, and Umlauf Sculpture Garden and Museum. | |
| PRELEASE NOW! A2 | 1 bed | 1 bath | 650 sqft | $1,309 /mo | 1 unit available | ||
| PRELEASE NOW 2025 A3 | 1 bed | 1 bath | 730 sqft | $1,359 /mo | 1 unit available | ||
| penB3 | 2 bed | 2 bath | 950 sqft | $1,594 /mo | 2 units available | 2 bedroom, 2 bath https my matterport com show ?m=tWVVoufSCr3 | |
| PRELEASE NOW 2025 B1 | 2 bed | 1 bath | 860 sqft | $1,634 /mo | 1 unit available | ||
| PRELEASE NOW 2026 B2 | 2 bed | 2 bath | 918 sqft | $1,649 /mo | 1 unit available | ||
| penB4 | 2 bed | 2 bath | 989 sqft | $1,699–$1,799 /mo | 2 units available | 2 bedroom, 1 bath | |
| penC1 | 3 bed | 2 bath | 1,160 sqft | $2,054 /mo | 1 unit available | 3 bedroom, 2 bath |
Let's explore this property.
Amenities for Penthouse Apartments
Apartment Amenities
| 2020 Renovation |
Building
| Cats OK | Dogs OK |
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
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 50 |
|---|
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About Penthouse Apartments
Nestled in the North Side neighborhood adjacent to Downtown ATX, your next home at Penthouse Apartments is a one-of-a-kind gem you will be lucky to find. Surrounding you will be the historic Texas Capital, Waterloo Park, Pease District Park, and Moody Amphitheater, along with countless iconic eateries. You'll be within walking distance to dozens of restaurants Downtown and at The Drag, which includes Dobie Mall, Medici Roasting, Kerbey Lane, and Torchy's. Penthouse Apartments has 5 parks within 2.6 miles, including Texas Memorial Museum, Shoal Creek Greenbelt Park, and Umlauf Sculpture Garden and Museum.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Penthouse Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Penthouse Apartments has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
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, Penthouse Apartments is a great option for renters looking for apartments in Downtown Austin. 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, Penthouse Apartments 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.
Penthouse Apartments 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Penthouse Apartments to provide reasonable accomodations and accurate details about its community.
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.
Penthouse Apartments is great for:
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 Penthouse Apartments compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- More space
- The 1-bedroom is 128 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Fewer storage options
- Limited cabinet or closet space
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Austin
1-bedroom apartments here are priced 50% lower than 1-bedrooms in Downtown Austin.
If you decide to upgrade your space, you can expect 2-bedrooms at Penthouse Apartments to be 56% less than the average for similarly sized apartments in Downtown Austin.
3-bedroom apartments at Penthouse Apartments cost about 76% less than the average rent price for 3-bedroom apartments in Downtown Austin.
Median rents as of May 9 2026.
Downtown Austin
Austin
| Month | Median 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 | $1,621 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,906 |
| June 2024 | $1,885 |
| July 2024 | $1,905 |
| August 2024 | $1,926 |
| September 2024 | $1,922 |
| October 2024 | $1,919 |
| November 2024 | $1,878 |
| December 2024 | $1,854 |
| January 2025 | $1,934 |
| February 2025 | $1,938 |
| March 2025 | $1,994 |
| April 2025 | $2,011 |
| May 2025 | $2,065 |
| June 2025 | $2,070 |
| July 2025 | $1,996 |
| August 2025 | $2,014 |
| September 2025 | $1,984 |
| October 2025 | $1,910 |
| November 2025 | $1,911 |
| December 2025 | $1,921 |
| January 2026 | $1,941 |
| February 2026 | $1,926 |
| March 2026 | $1,915 |
| April 2026 | $1,920 |
| May 2026 | $1,944 |
Affordability calculator
Can I afford to live at 1801 Rio Grande St?
Bedrooms
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
$52,360/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,360 annually to afford this 1-bedroom median monthly rent price of $1,309.
For more information on rent affordability, visit our rent calculator.
Schools near Penthouse Apartments
Bryker Woods Elementary School
3309 kerbey ln
austin, TX, 78703
K-5Public
A
Texas School for the Deaf
1102 s congress ave
austin, TX, 78704
PK, K-12Public
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
YPW Spanish Immersion School
3640 bee caves rd
austin, TX, 78746
PKPublic
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Internet available near Penthouse Apartments
Neighborhood
Downtown Austin | Austin, TX
Getting around Austin near 1801 Rio Grande St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 1801 Rio Grande St, Austin
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
3/10
No high schools within a 30-minute walk
Parks
10/10
Very large amount of park space within a few minutes' walk
Nightlife
8/10
Variety of bars within walking distance
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