Rental Rumblings

This Austin ZIP code is the most expensive place to rent in Texas

70 Rainey condo downtown Austin skyline view

Downtown Austin is the priciest place to rent in the state.

Photo courtesy of Sackman Austin

Move over, 90210. The most expensive ZIP codes in the Lone Star State will give you a run for your money. According to a new report from rental website RentCafe, based on data from Yardi Matrix, you have to shell out nearly $2,500 a month to rent an apartment in the priciest area in the state, which is located right here in Austin. In fact, the Capital City is home to three of the five most expensive ZIPs in Texas.

So what are the most expensive ZIP codes in Texas?

No. 1: 78701, Austin
Everything is going up in downtown Austin — the prices and condos are literally reaching for the stars. Want to live above the fray? $2,475 a month will get you an apartment and a front row seat to SXSW.

No. 2: 78703, Austin
Austin's upscale 78703 encompasses Tarrytown, Old West Austin, and a sliver of downtown. It comes in at No. 2 with an average apartment rent of $2,393.

No. 3: 75225, Dallas
Dallas’ red-hot rental market is no joke either. Rents in University Park have reached $2,188, making it the third most expensive in Texas — and the priciest in Big D.

No. 4: 78705, Austin
Proximity to the University of Texas is great, but it’ll cost you. The average apartment rent these days in West Campus? $2,102 a month. Fret not, students, you can shack up with friends.

No. 5: 75201, Dallas
Downtown Dallas is starting to make a comeback, and the prices prove it. Rent in the area comes in just below the $2,000 mark at $1,907 a month.

Good news is on the horizon, though. Rent growth across the nation is slowing down, says RentCafe, and average rents are slipping, even in the most notoriously pricey markets.

reports rent

hottest headlines of 2024

Top Austin real estate stories of 2024 unlock hot suburbs, lavish homes

Photo by Mack Ramirez on Unsplash

It seems like everyone is hoping for lower housing prices as we move into 2025.

Editor's note: As 2024 comes to a close, we're looking back at the stories that defined Austin this year, including the red-hot topic of real estate. Austin's real estate market has seen some dramatic swings this year, but that's not all that happened. From Austin's suburbs continuing to boom to lavish estates hitting the market, here's a look at the hottest real estate headlines of 2024.

1. Annual Outdoor Living Tour returns for 2024 in Austin's 8 best backyards. The 2024 tour spanned a wide geography across Austin, including Travis Heights, Rollingwood, Allandale, and more.

2. Austin suburb's ZIP code stands out on new list of hottest U.S. housing markets in 2023. This Leander ZIP code was the 13th hottest market, showing that interest in the suburbs is as popular as ever.

3. Texas chef's Old West Austin home hits the market for $1.65 million. This home was originally built as a guest house in 1947, but has since been completely renovated with modern style.

1002 Baylor Street, Old West Austin, home for sale, Chef Lou Lambert The home is located above the street for privacy. Photo courtesy of James H Ruiz Photography

4. 5 Austin neighbors lauded as best small cities in America. Leading the pack were the northwest Austin suburbs of Leander and Cedar Park.

5. Drake suspected new owner of $15 million Dos Brisas ranch in Texas. Drake was reportedly the latest rap icon that can proudly say he's a Texan after purchasing this acclaimed 313-acre ranch in Washington, Texas.

6. 3 Austin neighbors shine on new list of America's safest suburbs. Cedar Park, Georgetown, and Round Rock have earned high praise for their livability and growth in recent years.

7. 6 hot Austin-area ZIP codes for first-time homebuyers in spring 2024. A local real estate expert shared his insight into the ZIP codes – from Kyle to Pflugerville – that received the most attention from first-time buyers.

8. South Austin 'entertainer's paradise' hits the market for $4 million. This 10,343-square-foot property comes with an expertly designed game room, a trendy golf simulator, an outdoor kitchen and lounge, a light up three-car carport, and much more.

9. This $4.85 million Hill Country ranch with its own lazy river is going wild on social media. The Lazy River Ranch in Boerne makes a splash with its many extravagant amenities.

227 Seewald Road, Boerne, Lazy River Ranch The Lazy River Ranch is at 227 Seewald Rd., Boerne. Photo courtesy of Kuper Sotheby's

10. Historic Greek mansion near Austin hits the market for just under $1 million. This Greek Revival mansion in Lockhart, built in 1907, was looking for a new owner to cherish its rich past.