Apartments for Rent in Downtown Austin, Austin, TX

Downtown Austin, Austin apartment availability

Downtown Austin's rental market offers a very strong selection of listings, with an average of nearly 1,200 rentals available each month. The majority of rentals are 1-bedroom and 2-bedroom apartments, with a significant number of studios also available. Many of these apartments offer popular amenities such as fitness centers, outdoor spaces, and swimming pools, making Downtown Austin an attractive option for renters who value convenience and luxury. With its vibrant atmosphere and proximity to entertainment and employment opportunities, Downtown Austin is a highly sought-after neighborhood for renters.

Downtown Austin, Austin rental market trends

Downtown Austin's rental market experienced a decline in 2024, with average monthly rents decreasing by 4.4% to $2,822. Breaking it down by bed count, 1-bedrooms averaged $2,432 per month, a 5.8% decrease from the previous year, while 2-bedrooms averaged $3,581, a 5.7% decrease. Studios saw a more significant decline, with average rents dropping by 9.3% to $1,881. In contrast, 3-bedrooms experienced a 4.6% increase, with average rents reaching $6,592.

The summer months tend to see higher demand and prices in Downtown Austin, with July typically being the most expensive month. Rents in July are approximately 7.9% higher than in November, the month with the lowest average rent. If you're looking for a new apartment, November might be a good time to find a deal. However, if you're looking for a specific type of rental, be prepared for more competition during the summer months.

Why Downtown Austin, Austin is a great place to live

Downtown Austin is a hub for renters who prioritize social life and fitness wellness. Our analysis of recent data reveals that this neighborhood excels in providing amenities and services that cater to these interests.

For those who value fitness and wellness, Downtown Austin offers a range of features, including onsite pool and spa facilities, gym equipment, and fitness centers. The prevalence of natural lighting, soundproofing, and low VOC materials in apartments also contributes to a healthy living environment. Additionally, the area hosts various health and wellness events, making it an ideal location for renters who prioritize their physical and mental well-being.

The neighborhood is also perfect for those who enjoy an active social life, with numerous restaurants, a vibrant street infrastructure, and frequent transit options. The area's mixed-use development and emphasis on safety ensure that renters can easily access entertainment options and socialize with friends and community members.