ZIP Code · TX

ZIP 78729

Part of Austin, TX

Pop. 30,460·Williamson County·583rd most expensive ZIP in Texas

Median rent (all units)

$1,266/mo

Year-over-Year

-1.5%

Month-over-Month

-0.2%

vs US Median

-$666

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 78729 · $1,266

More affordable than 88% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$946

1 BR

$1,004

2 BR

$1,190

3 BR

$1,506

4 BR+

$1,776

Research median

$1,190/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

January. Asking rents in ZIP 78729 usually run 1.2% below trend in January and 1.3% above it in August, about $32 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 78729 is 16.8% below its high of $1,521 in July 2022, at $1,266 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 78729 changed -1.5% 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 78729 rose 21.9% while median household income rose 7.1% ($80,742 to $86,438). Rent outpaced income.

Since before the pandemic

Rent in ZIP 78729 is 8.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($86,438) is $2,161 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,850); a 3-bedroom is $2,340.

Rank in Austin

1st cheapest of 37 ZIP codes in Austin.

From Zillow's monthly rent index (ZORI) for ZIP 78729. 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

$15,192/yr

At $1,266/mo median

Location

CityAustin

StateTX

CountyWilliamson County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.5% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.5% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 78729 (Austin, TX) is majority renter-occupied, skews toward younger working-age adults, 62.5% of residents hold a bachelor's degree or higher.

Population

30,460

Median income

$86,438

Median age

34.9

Renters

61.5%

Age distribution

18.7%

31.7%

Under 1818.7%

18–3431.7%

35–5431.7%

55–649.1%

65+8.9%

Gender

51.3%

48.7%

Male51.3%

Female48.7%

Race & ethnicity

59.3%

22.7%

White59.3%

Black9.8%

Hispanic22.7%

Asian10.6%

Education (25+)

24%

62.5%

No HS diploma2.5%

HS diploma10.9%

Some college24%

Bachelor's+62.5%

Housing tenure

38.5%

61.5%

Owner38.5%

Renter61.5%

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

2021 vs 2026

How ZIP 78729 in Austin, TX has changed in 5 years

Rent

$1,218 → $1,266

up 3.9%

Income

$76,615 → $86,438

up 12.8%

Population

30,907 → 30,460

down 1.4%

Renter share

57.5% → 61.5%

+4.0 pts

Bachelor's+

59.1% → 62.5%

+3.4 pts

Rent in ZIP 78729 in Austin, TX has climbed 3.9% since 2021, going from about $1,218 per month to roughly $1,266 today. Census figures show median household income at $86,438 today, compared with $76,615 five years earlier. Income growth outran rent by about 8.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 30,907 to 30,460 between 2021 and 2024, a 1.4% change. About 61.5% of households rent today, against 57.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 59.1% to 62.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 78729

Last updated: October 17, 2026

ZIP code 78729 covers Austin, TX. The median rent here is $1,266/mo as of October 2026. A 1-bedroom rents for a median of $1,004/mo. A 2-bedroom rents for a median of $1,190/mo.

At 18% of local median household income ($86,438/yr), ZIP 78729 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 78729?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,266/mo in ZIP 78729. The local median household income is $86,438/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 78729?

Rent in ZIP 78729 has fallen 1.5% over the past year as of September 2026. It sits 16.8% below its high of $1,521 in July 2022.

When is the cheapest time to rent in ZIP 78729?

Asking rents in ZIP 78729 are usually lowest in January, about 1.2% below their yearly trend, and highest in August, about 1.3% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 78729?

Yes. From 2019 to 2024, rent in ZIP 78729 rose 21.9% while median household income rose 7.1%, from $80,742 to $86,438. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 78729 compare to other ZIPs in Texas?

ZIP 78729 is one of the more affordable among Texas ZIP codes for rent, ranking #583 of 693 at $1,266/mo. Over the year to September 2026, rent in ZIP 78729 changed -1.5%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.