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ZIP Code · TX

ZIP 78701

Part of Austin, TX
Pop. 11,824·Travis County·9th most expensive ZIP in Texas
Median rent (all units)
$2,853/mo
Year-over-Year
-1.0%
Month-over-Month
+96.8%
vs US Median
+$888
Reported rents (1)
$1,450/mo median
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78701 · $2,853
More expensive than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,210
1 BR
$2,350
2 BR
$2,780
3 BR
$3,520
4 BR+
$4,140
Research median
$2,780/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$34,236/yr
At $2,853/mo median
Location
CityAustin
StateTX
CountyTravis County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-1.0% YoY, +96.8% MoM), not inventory.
Demographics

Who lives here

ZIP 78701 (Austin, TX) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 82.3% of residents hold a bachelor's degree or higher.

Population
11,824
Median income
$162,168
Median age
42
Renters
54.7%
Age distribution
36%
35.3%
17.5%
Under 181.2%
18–3436%
35–5435.3%
55–6410%
65+17.5%
Gender
56.7%
43.3%
Male56.7%
Female43.3%
Race & ethnicity
70.3%
16.5%
White70.3%
Black2.8%
Hispanic16.5%
Asian8.1%
Other2.4%
Education (25+)
82.3%
No HS diploma2.4%
HS diploma4.9%
Some college10.4%
Bachelor's+82.3%
Housing tenure
45.3%
54.7%
Owner45.3%
Renter54.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 78701 in Austin, TX has changed in 5 years

Rent
$2,757 → $2,853
up 3.5%
Income
$136,486 → $162,168
up 18.8%
Population
9,560 → 11,824
up 23.7%
Renter share
53.3% → 54.7%
+1.4 pts
Bachelor's+
80% → 82.3%
+2.3 pts
Median age
39.3 → 42
+2.7 yrs

The median rent in ZIP 78701 in Austin, TX stood at $2,757 in 2021 and currently runs about $2,853, reflecting a 3.5% increase over the period. Census figures show median household income at $162,168 today, compared with $136,486 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 23.7% since 2021, moving from about 9,560 residents to roughly 11,824. College-educated residents now make up 82.3% of adults here, versus 80% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 78701

About renting in ZIP 78701

Last updated: July 20, 2026

ZIP code 78701 covers Austin, TX. The median rent here is $2,853/mo as of July 2026. A 1-bedroom rents for a median of $2,350/mo. A 2-bedroom rents for a median of $2,780/mo.

At 21% of local median household income ($162,168/yr), ZIP 78701 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78701?

As of July 20, 2026, the median monthly rent in ZIP 78701 (Austin, TX) is $2,853. This is based on aggregated data from public sources and community submissions.

How does ZIP 78701 rent compare to the US average?

ZIP 78701's median rent of $2,853/mo is $888 (45%) above the US national median of $1,965/mo.

How does ZIP 78701 compare to other ZIPs in Texas?

ZIP 78701 is one of the pricier ZIP codes in Texas, ranking #9 out of 689 ZIPs tracked at $2,853/mo.

How much income do you need to rent in ZIP 78701?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,853/mo in ZIP 78701. The local median household income is $162,168/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78701?

Rent in ZIP 78701 has decreased 1.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 78701 an affordable place to rent?

ZIP 78701 is considered very affordable for renters. At $2,853/mo, rent takes approximately 21% of the local median household income ($162,168/yr). The standard benchmark is 30%. ZIP 78701 falls comfortably within that range.

What percentage of ZIP 78701 residents rent vs. own?

According to Census data, approximately 54.7% of ZIP 78701 households are renters, while 45.3% are owner-occupied. With a majority renter population, ZIP 78701 has a strong rental market.

How does ZIP 78701 compare to the rest of Austin?

ZIP 78701 is pricier than Austin as a whole. At $2,853/mo, it's $1,238 above the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78701 last updated?

Rent data for ZIP 78701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,853/mo, rent takes ~21% of ZIP 78701's median household income ($162,168/yr). The standard benchmark is 30%.

ZIP 78701 21%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78701 (Austin, TX)

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