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ZIP Code · TX

ZIP 78721

Part of Austin, TX
Pop. 10,997·Travis County·164th most expensive ZIP in Texas
Median rent (all units)
$1,836/mo
Year-over-Year
+1.4%
Month-over-Month
+0.9%
vs US Median
-$129
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78721 · $1,836
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,510
1 BR
$1,600
2 BR
$1,900
3 BR
$2,410
4 BR+
$2,830
Research median
$1,900/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
$22,032/yr
At $1,836/mo median
Location
CityAustin
StateTX
CountyTravis County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.4% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 78721 (Austin, TX) is roughly split between renters and owners, skews toward younger working-age adults, 51.6% of residents hold a bachelor's degree or higher.

Population
10,997
Median income
$84,573
Median age
33.8
Renters
48.7%
Age distribution
20.8%
34.2%
26.8%
Under 1820.8%
18–3434.2%
35–5426.8%
55–649.5%
65+8.6%
Gender
46%
54%
Male46%
Female54%
Race & ethnicity
43.7%
17.4%
38.8%
White43.7%
Black17.4%
Hispanic38.8%
Asian3%
Education (25+)
15.2%
18.6%
14.7%
51.6%
No HS diploma15.2%
HS diploma18.6%
Some college14.7%
Bachelor's+51.6%
Housing tenure
51.3%
48.7%
Owner51.3%
Renter48.7%

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

2021 vs 2026

How ZIP 78721 in Austin, TX has changed in 5 years

Income
$61,462 → $84,573
up 37.6%
Population
10,728 → 10,997
up 2.5%
Renter share
46.4% → 48.7%
+2.3 pts
Bachelor's+
43.9% → 51.6%
+7.7 pts
Median age
34.3 → 33.8
-0.5 yrs

Median household income rose from $61,462 to $84,573 between 2021 and 2024, a 37.6% shift. The population has grown by 2.5% since 2021, moving from about 10,728 residents to roughly 10,997. Renters now make up 48.7% of households, compared with 46.4% five years ago. College-educated residents now make up 51.6% of adults here, versus 43.9% in 2021.

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Local insights

Tips for renters in ZIP 78721

About renting in ZIP 78721

Last updated: July 20, 2026

ZIP code 78721 covers Austin, TX. The median rent here is $1,836/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,900/mo.

At 26% of local median household income ($84,573/yr), ZIP 78721 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78721?

As of July 20, 2026, the median monthly rent in ZIP 78721 (Austin, TX) is $1,836. This is based on aggregated data from public sources and community submissions.

How does ZIP 78721 rent compare to the US average?

ZIP 78721's median rent of $1,836/mo is $129 (7%) below the US national median of $1,965/mo.

How does ZIP 78721 compare to other ZIPs in Texas?

ZIP 78721 is one of the pricier ZIP codes in Texas, ranking #164 out of 689 ZIPs tracked at $1,836/mo.

How much income do you need to rent in ZIP 78721?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,836/mo in ZIP 78721. The local median household income is $84,573/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78721?

Rent in ZIP 78721 has increased 1.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 78721 an affordable place to rent?

ZIP 78721 is considered affordable for renters. At $1,836/mo, rent takes approximately 26% of the local median household income ($84,573/yr). The standard benchmark is 30%. ZIP 78721 falls comfortably within that range.

What percentage of ZIP 78721 residents rent vs. own?

According to Census data, approximately 48.7% of ZIP 78721 households are renters, while 51.3% are owner-occupied. ZIP 78721 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78721 compare to the rest of Austin?

ZIP 78721 is pricier than Austin as a whole. At $1,836/mo, it's $221 above the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78721 last updated?

Rent data for ZIP 78721 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,836/mo, rent takes ~26% of ZIP 78721's median household income ($84,573/yr). The standard benchmark is 30%.

ZIP 78721 26%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78721 (Austin, TX)

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