ZIP Code · TX

ZIP 78703

Part of Austin, TX

Pop. 23,483·Travis County·15th most expensive ZIP in Texas

Median rent (all units)

$2,392/mo

Year-over-Year

+2.4%

Month-over-Month

+0.6%

vs US Median

+$460

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 78703 · $2,392

More expensive than 77% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,060

1 BR

$2,190

2 BR

$2,590

3 BR

$3,280

4 BR+

$3,860

Research median

$2,590/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 78703 usually run 1.6% below trend in November and 1.4% above it in July, about $72 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 78703 is 0.2% below its high of $2,396 in November 2022, at $2,392 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 78703 changed +2.4% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 78703 rose 25.7% while median household income rose 41% ($108,548 to $153,036). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 78703 is 28.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($153,036) is $3,826 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,280); a 4-bedroom is $3,860.

Rank in Austin

35th cheapest of 37 ZIP codes in Austin.

Cheaper nearby

ZIP 78705, 2 miles away, rents for 18% less ($1,972/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 78703. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,704/yr

At $2,392/mo median

Location

CityAustin

StateTX

CountyTravis County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 78703 (Austin, TX) is roughly split between renters and owners, has a median income above the national average, 86% of residents hold a bachelor's degree or higher.

Population

23,483

Median income

$153,036

Median age

40.7

Renters

46.5%

Age distribution

16.8%

25.6%

29.1%

14%

14.6%

Under 1816.8%

18–3425.6%

35–5429.1%

55–6414%

65+14.6%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

82.9%

White82.9%

Black0.9%

Hispanic10.9%

Asian5.9%

Education (25+)

86%

No HS diploma1.8%

HS diploma3.3%

Some college8.9%

Bachelor's+86%

Housing tenure

53.5%

46.5%

Owner53.5%

Renter46.5%

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

2021 vs 2026

How ZIP 78703 in Austin, TX has changed in 5 years

Rent

$1,985 → $2,392

up 20.5%

Income

$125,448 → $153,036

up 22.0%

Population

22,111 → 23,483

up 6.2%

Renter share

50% → 46.5%

-3.5 pts

Bachelor's+

85.2% → 86%

+0.8 pts

Median age

38.2 → 40.7

+2.5 yrs

The median rent in ZIP 78703 in Austin, TX stood at $1,985 in 2021 and currently runs about $2,392, reflecting a 20.5% increase over the period. Local incomes tracked alongside that move, going from a median of $125,448 in 2021 to $153,036 more recently. The population has grown by 6.2% since 2021, moving from about 22,111 residents to roughly 23,483. Renters now make up 46.5% of households, compared with 50% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 78703 in Austin, TX market of 2021.

Community

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Local insights

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About renting in ZIP 78703

Last updated: October 17, 2026

ZIP code 78703 covers Austin, TX. The median rent here is $2,392/mo as of October 2026. A 1-bedroom rents for a median of $2,190/mo. A 2-bedroom rents for a median of $2,590/mo.

At 19% of local median household income ($153,036/yr), ZIP 78703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 78703?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,392/mo in ZIP 78703. The local median household income is $153,036/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 78703?

Rent in ZIP 78703 has risen 2.4% over the past year as of September 2026. It sits 0.2% below its high of $2,396 in November 2022.

When is the cheapest time to rent in ZIP 78703?

Asking rents in ZIP 78703 are usually lowest in November, about 1.6% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $72 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 78703?

No. From 2019 to 2024, rent in ZIP 78703 rose 25.7% while median household income rose 41%, from $108,548 to $153,036. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 78703 compare to other ZIPs in Texas?

ZIP 78703 is one of the pricier among Texas ZIP codes for rent, ranking #15 of 693 at $2,392/mo. Over the year to September 2026, rent in ZIP 78703 changed +2.4%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.