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City Report · TX

Spicewood

·2nd most expensive in Texas·One of the pricier rental markets in the US
Median rent (all units)
$3,192/mo
Year-over-Year
+1.7%
Month-over-Month
-2.5%
vs US Median
+$1,230
Falling (Monthly)
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Most AffordableMost Expensive
Spicewood · $3,192
More expensive than 93% of US cities · National median $1,962/mo
Affordability
53% of income
EXPENSIVE
0%30% benchmark60%+

At $3,192/mo, rent takes about 53% of the US median household income, well above the 30% benchmark.

Income to afford
$128,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Spicewood's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,480
2 BR
$1,740
3 BR
$2,230
4 BR+
$2,560
Fair Market Rent (HUD)
$1,740/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,192 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$38,304/yr
At $3,192/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.7% YoY, -2.5% MoM), not inventory.
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View Spicewood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Spicewood on your salary?

At $3,192/mo, how Spicewood rent compares to typical pay (30% rule).

By apartment size

Spicewood rent by bedroom count

Median rent for each apartment size in Spicewood. Click any size for full breakdown.

Local insights

Tips for renters in Spicewood

About renting in Spicewood, TX

Last updated: August 17, 2026

The median rent in Spicewood is $3,192/mo as of August 2026. A studio apartment averages $1,370/mo while a 2-bedroom runs $1,740/mo. One-bedroom apartments average $1,480/mo and 3-bedroom units go for $2,230/mo.

At 53% of estimated US median household income ($72,000/yr), Spicewood ranks as expensive compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

Is Spicewood an affordable city for renters?

Spicewood is considered expensive for renters. At $3,192/mo, rent takes approximately 53% of the US median household income ($72,000/yr). The standard benchmark is 30%. Spicewood significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Spicewood?

To keep rent at or below 30% of gross income, you would need to earn at least $128,000/year (~$62/hour full-time) to afford the median rent of $3,192/mo in Spicewood.

Is rent going up or down in Spicewood?

Rent in Spicewood has increased 1.7% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Spicewood rent compare to other cities in Texas?

Spicewood is one of the pricier cities in Texas for rent, ranking #2 out of 267 tracked cities at $3,192/mo.

Which nearby cities are cheaper to rent in than Spicewood?

Several nearby cities have lower median rents than Spicewood ($3,192/mo): Marble Falls ($1,551/mo), Leander ($1,922/mo), Lago Vista ($2,122/mo).

How does Spicewood rent compare to the national average?

Spicewood's median rent of $3,192/mo is $1,230 (63%) above the US national median of $1,962/mo. Within Texas, it ranks #2 out of 267 tracked cities.
Income Affordability
53%
EXPENSIVE

At $3,192/mo, rent takes ~53% of US median household income ($72,000/yr). The standard benchmark is 30%.

Spicewood 53%Benchmark 30%
State income taxNone
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Neighborhoods

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Public schools near Spicewood, TX

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