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12-month history
Last updated: October 17, 2026
What the numbers show
September. Asking rents in ZIP 78705 usually run 1.3% below trend in September and 0.8% above it in March, about $41 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 78705 is 1.8% below its high of $2,009 in January 2024, at $1,972 as of September 2026.
Rent in ZIP 78705 changed -0.4% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.
From 2019 to 2024, rent in ZIP 78705 rose 23.6% while median household income rose 59.3% ($20,326 to $32,380). Income kept ahead of rent.
Rent in ZIP 78705 is 19.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 5 of the last 12 months.
30% of the median household income ($32,380) is $810 a month. That is less than HUD's Fair Market Rent for a studio ($1,590).
30th cheapest of 37 ZIP codes in Austin.
ZIP 78722, 1 mile away, rents for 12% less ($1,726/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 78705. 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.
Who lives here
ZIP 78705 (Austin, TX) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 81.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 78705 in Austin, TX has changed in 5 years
The median rent in ZIP 78705 in Austin, TX stood at $1,624 in 2021 and currently runs about $1,972, reflecting a 21.4% increase over the period. Median household income rose from $23,750 to $32,380 between 2021 and 2024, a 36.3% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 2.3% since 2021, moving from about 32,506 residents to roughly 33,238. Renters now make up 86.9% of households, compared with 90.9% five years ago. College-educated residents now make up 81.3% of adults here, versus 68.7% in 2021. Taken together, the five-year picture in ZIP 78705 in Austin, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 78705
Last updated: October 17, 2026
ZIP code 78705 covers Austin, TX. The median rent here is $1,972/mo as of October 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $2,000/mo.
At 73% of local median household income ($32,380/yr), ZIP 78705 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.
Frequently asked questions
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How does ZIP 78705 compare to the rest of Austin?
At $1,972/mo, rent takes ~73% of ZIP 78705's median household income ($32,380/yr). The standard benchmark is 30%.
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