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ZIP Code · TX

ZIP 78703

Part of Austin, TX
Pop. 23,483·Travis County·14th most expensive ZIP in Texas
Median rent (all units)
$2,567/mo
Year-over-Year
-0.2%
Month-over-Month
-1.1%
vs US Median
+$602
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 78703 · $2,567
More expensive than 81% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$30,804/yr
At $2,567/mo median
Location
CityAustin
StateTX
CountyTravis County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-0.2% YoY, -1.1% 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
$2,202 → $2,567
up 16.6%
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 $2,202 in 2021 and currently runs about $2,567, reflecting a 16.6% increase over the period. Local incomes tracked alongside that move, going from a median of $125,448 in 2021 to $153,036 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. 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.

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Local insights

Tips for renters in ZIP 78703

About renting in ZIP 78703

Last updated: July 20, 2026

ZIP code 78703 covers Austin, TX. The median rent here is $2,567/mo as of July 2026. A 1-bedroom rents for a median of $2,190/mo. A 2-bedroom rents for a median of $2,590/mo.

At 20% of local median household income ($153,036/yr), ZIP 78703 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78703?

As of July 20, 2026, the median monthly rent in ZIP 78703 (Austin, TX) is $2,567. This is based on aggregated data from public sources and community submissions.

How does ZIP 78703 rent compare to the US average?

ZIP 78703's median rent of $2,567/mo is $602 (31%) above the US national median of $1,965/mo.

How does ZIP 78703 compare to other ZIPs in Texas?

ZIP 78703 is one of the pricier ZIP codes in Texas, ranking #14 out of 689 ZIPs tracked at $2,567/mo.

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 $103,000/year (~$50/hour full-time) to afford the median rent of $2,567/mo in ZIP 78703. The local median household income is $153,036/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78703?

Rent in ZIP 78703 has been relatively stable over the past year, with a 0.2% change year over year as of July 20, 2026.

Is ZIP 78703 an affordable place to rent?

ZIP 78703 is considered very affordable for renters. At $2,567/mo, rent takes approximately 20% of the local median household income ($153,036/yr). The standard benchmark is 30%. ZIP 78703 falls comfortably within that range.

What percentage of ZIP 78703 residents rent vs. own?

According to Census data, approximately 46.5% of ZIP 78703 households are renters, while 53.5% are owner-occupied. ZIP 78703 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78703 compare to the rest of Austin?

ZIP 78703 is pricier than Austin as a whole. At $2,567/mo, it's $952 above the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78703 last updated?

Rent data for ZIP 78703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,567/mo, rent takes ~20% of ZIP 78703's median household income ($153,036/yr). The standard benchmark is 30%.

ZIP 78703 20%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78703 (Austin, TX)

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