City Report · TX

Spicewood

·2nd most expensive in Texas·Spicewood rents are up 6.5% over the past year
Median rent (all units)
$3,572/mo
Year-over-Year
+6.5%
Month-over-Month
Stable
vs US Median
+$1,640
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Spicewood · $3,572
More expensive than 96% of US cities · National median $1,932/mo
Affordability
60% of income
EXPENSIVE
0%30% benchmark60%+

At $3,572/mo, rent takes about 60% of the US median household income, well above the 30% benchmark.

Income to afford
$143,000/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 $3,572 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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Texas

Rent in Spicewood changed +6.5% over the year to September 2026. Across the 224 Texas cities Zillow tracks, the typical change was +1.0%.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

Cheaper nearby

Lago Vista, 9 miles away, rents for 51% less ($1,754/mo), about $21,800 a year in savings.

From Zillow's monthly rent index (ZORI) for Spicewood.

Annual cost
$42,864/yr
At $3,572/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +0.1% MoM), not inventory.
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Community

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View Spicewood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Spicewood on your salary?

At $3,572/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: October 17, 2026

The median rent in Spicewood is $3,572/mo as of October 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 60% of estimated US median household income ($72,000/yr), Spicewood ranks as expensive compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

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 $143,000/year (about $69/hour full-time) to afford the median rent of $3,572/mo in Spicewood.

Is rent going up or down in Spicewood?

Rent in Spicewood has risen 6.5% over the past year.

How does Spicewood rent compare to other cities in Texas?

Spicewood is one of the pricier among Texas cities for rent, ranking #2 of 257 tracked cities at $3,572/mo. Over the year to September 2026, rent in Spicewood changed +6.5%, against a typical +1.0% across the 224 Texas cities Zillow tracks.

Which nearby cities are cheaper to rent in than Spicewood?

Nearby cities with lower median rent than Spicewood ($3,572/mo) include Marble Falls ($1,449/mo), Lago Vista ($1,754/mo), and Leander ($1,897/mo).
Income Affordability
60%
EXPENSIVE

At $3,572/mo, rent takes ~60% of US median household income ($72,000/yr). The standard benchmark is 30%.

Spicewood 60%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Spicewood, TX

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