Zumper
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Updated 4 Days Ago

Highlights

  • Pet Friendly
  • Den, two bedrooms, two bathrooms
  • Spacious living, three bedrooms, two bathrooms
  • Walk-in closet, two bedrooms, two bathrooms

Location

1801 Rio Grande St, Austin, TX 78701, USA|Downtown Austin
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Contact

Management

Rainier River Oaks District

Leasing office

(737) 734-4390

Property Overview

Penthouse Apartments offers strong overall appeal, with a 7.4 Zumper Expert Rating supported by standout location, amenities, and trustworthiness scores. It features appealing layouts like two- and three-bedroom options with two bathrooms, a den, walk-in closet, and spacious living, while also standing out for its 50 photos and proximity to restaurants, parks, and entertainment venues.

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

7.4
Very Good
Penthouse Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location 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

  • High school nearby
  • Less expensive
  • Images Available

Great for

  • Social life

Floor plans

penA21 bed1 bath650 sqft$1,409 /mo1 unit available1 bedroom, 1 bath
penB42 bed2 bath989 sqft$1,475 /mo1 unit available2 bedroom, 2 bath https my matterport com show ?m=8ymBZyKos7r
penB12 bed1 bath860 sqft$1,634 /mo1 unit available2 bedroom, 1 bath

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Amenities for Penthouse Apartments

Building

Cats OKDogs 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

Utilities Admin Fee

Monthly.

$5.50

Pest Control Fee

Monthly.

$6.50

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

1 dog max.

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Units50
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About Penthouse Apartments

HomeApartments in AustinDowntown Austin 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.
7.4
/10
Very Good
Penthouse Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location 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 Penthouse Apartments
Price·6A 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.
Penthouse Apartments is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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:

Social life

  • 429 restaurants within 1 mile of this property
  • 483 mixed-use spaces nearby
  • 59 theaters, music venues, or sports arenas nearby
  • Area has 86 parks and recreation options

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
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away
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 36% lower than 1-bedrooms in Downtown Austin.

If you decide to upgrade your space, you can expect 2-bedrooms at Penthouse Apartments to be 50% less than the average for similarly sized apartments in Downtown Austin.

Median rents as of Aug 29 2026.
Downtown Austin
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 Downtown Austin
MonthMedian Rent
September 2024$1,928
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$1,748
June 2026$1,808
July 2026$1,820
August 2026$1,790

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

$56,360/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,360 annually to afford this 1-bedroom monthly rent price of $1,409.
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

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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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