Renting in Austin costs about $1,705 a month, and the typical home is listed at $489,000. That puts the price-to-rent ratio at 23.9: a typical home costs as much as 23.9 years of rent.
Austin now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,705/mo | $1,275/mo |
| Typical list price | $489,000 | $505,000 |
| Price-to-rent ratio | 23.9 | — |
Rent is projected at -5.6% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-6.1%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+5.4% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 78745 | $1,775/mo | 662 | $449,900 | 543 |
| 78753 | $1,395/mo | 263 | $349,999 | 148 |
| 78748 | $1,950/mo | 371 | $415,000 | 284 |
| 78744 | $1,895/mo | 336 | $389,990 | 340 |
| 78758 | $1,411/mo | 449 | $399,900 | 207 |
| 78704 | $2,000/mo | 615 | $775,000 | 528 |
| 78741 | $1,389/mo | 523 | $329,900 | 224 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 7 of Austin's 32 ZIP codes (the most populous, home to 39% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Austin, TX?
Typical asking rent is $1,705 a month, across 3,219 active rental listings in 7 ZIP codes.
How much do homes cost in Austin, TX?
The typical list price is $489,000, across 2,274 active sale listings in 7 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Austin, TX?
About 23.9: the typical list price equals 23.9 years of typical rent. The higher the ratio, the more buying costs relative to renting.