Zumper
modified
2 Days Ago

Highlights

  • Pet Friendly
  • On-site laundry
  • Covered parking
  • Pet friendly community

Location

507 S 1st St, Austin, TX 78704, USA|Bouldin Creek
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Tour Austin - Downtown - Town Lake

Contact

Leasing office

(844) 334-1230 ext. 9996

Property Overview

The property in Austin's Downtown - Town Lake area achieves a Zumper expert rating of 9 out of 10, underscoring its competitive pricing, outstanding amenities, and prime location. Notable features include on-site laundry, covered parking, and a pet-friendly environment, complemented by nearby schools and various services. This vibrant community offers ample opportunities for socializing, work-from-home arrangements, and environmental sustainability, making it a well-rounded choice for prospective renters.

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

9.0
Excellent
Austin - Downtown - Town Lake is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Images Available

Great for

  • Social life
  • Eco living
  • Pet owners

Floor plans

Plan AStudio1 bath300 sqft$1,499 /mo

Let's explore this property.

Amenities for Austin - Downtown - Town Lake

Apartment Amenities

Air ConditioningDining and Cooking Utensils
KitchenModern Lighting
Premium BeddingUpdated Bathrooms
Workspace

Appliances

Iron

Tech

Flat Screen TV'sPremium Cable Package Included

Building

Cats OKDogs OK
Onsite Laundry

Grounds

Assigned ParkingPet-Friendly Community

Services

Breakfast/Coffee ConciergeConcierge Service
Free Local CallsPackage Service
VoiceMailWireless Internet Access
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

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1

Pet Friendly

Building details

Property details

Units2
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About Austin - Downtown - Town Lake

HomeApartments in AustinBouldin Creek Austin - Downtown - Town Lake

Austin - Downtown - Town Lake is a Austin Apartment located at 507 S First St. The property features a Studio rental unit available starting at $1499. Amenities include Dogs Ok, Cats Ok, Pet Friendly Community, and On-Site Laundry. Covered Parking parking available. Contact us for a showing.


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.
9.0
/10
Excellent
Austin - Downtown - Town Lake is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.
How we rated Austin - Downtown - Town Lake
Price·9A 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.
Austin - Downtown - Town Lake stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A 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.
Austin - Downtown - Town Lake stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Austin - Downtown - Town Lake 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.
Austin - Downtown - Town Lake 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·7A 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.
Austin - Downtown - Town Lake provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Austin - Downtown - Town Lake is great for:

Social life

  • 488 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • A bustling neighborhood
  • The area has transit options

Eco living

  • Public transit available nearby
  • 82 parks within a mile
  • You can get around by foot in this area

Pet owners

  • 3 dog parks within 1 mile
  • 18 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 Austin - Downtown - Town Lake compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
High school nearby
There is a high school 0.3 mile away
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Package service
More secure storage for delivery

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Bouldin Creek

studio apartments at Austin - Downtown - Town Lake cost about 31% less than the average rent price for studio apartments in Bouldin Creek.

Median rents as of Sep 6 2025.
Bouldin Creek
Austin
A table of studio rental data trends in Austin
MonthMedian Rent
September 2023$1,452
October 2023$1,492
November 2023$1,444
December 2023$1,448
January 2024$1,445
February 2024$1,438
March 2024$1,495
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$1,585
A table of studio rental data trends in Bouldin Creek
MonthMedian Rent
September 2023$2,296
October 2023$2,102
November 2023$2,139
December 2023$2,150
January 2024$2,003
February 2024$1,590
March 2024$2,307
April 2024$2,280
May 2024$1,700
June 2024$1,553
July 2024$1,416
August 2024$1,870
September 2024$1,926
October 2024$2,105
November 2024$1,961
December 2024$2,168
January 2025$2,174
February 2025$2,171
March 2025$2,154
April 2025$2,174
May 2025$2,186
June 2025$2,173
July 2025$2,173
August 2025$2,173
September 2025$2,171

Affordability calculator

Can I afford to live at 507 S 1st St?

Bedrooms

Studio

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

$59,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,960 annually to afford this studio monthly rent price of $1,499.
For more information on rent affordability, visit our rent calculator.

Schools near Austin - Downtown - Town Lake

Uphaus Early Childhood Center

5200 freidrich ln

austin, TX, 78744

PK, KPublic
B

Rosedale School

7505 silvercrest dr

austin, TX, 78757

PK, K-12Public

Padron Elementary School

2011 w rundberg ln

austin, TX, 78758

PK, K-5Public
C
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Internet available near Austin - Downtown - Town Lake

Getting around Austin near 507 S 1st St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

9/10
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 507 S 1st St, Austin

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Variety of cafés within walking distance

Restaurants

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

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

5/10
At least one high school 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 a few minutes' walk

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