ZIP Code · TX

ZIP 78732

Part of Austin, TX

Pop. 21,087·Travis County·71st most expensive ZIP in Texas

Median rent (all units)

$2,047/mo

Year-over-Year

+0.2%

Month-over-Month

+0.6%

vs US Median

+$115

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 78732 · $2,047

More expensive than 64% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,580

1 BR

$1,680

2 BR

$1,990

3 BR

$2,520

4 BR+

$2,970

Research median

$1,990/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

Compared with the peak

Rent in ZIP 78732 is 6.6% below its high of $2,191 in February 2023, at $2,047 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 78732 changed +0.2% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($192,500) is $4,813 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,970).

Rank in Austin

32nd cheapest of 37 ZIP codes in Austin.

Cheaper nearby

ZIP 78726, 5 miles away, rents for 33% less ($1,377/mo), about $8,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 78732. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,564/yr

At $2,047/mo median

Location

CityAustin

StateTX

CountyTravis County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.2% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 78732 (Austin, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 73.8% of residents hold a bachelor's degree or higher.

Population

21,087

Median income

$192,500

Median age

37.7

Renters

27.1%

Age distribution

30.9%

15.5%

36.8%

Under 1830.9%

18–3415.5%

35–5436.8%

55–647.1%

65+9.7%

Gender

51.8%

48.2%

Male51.8%

Female48.2%

Race & ethnicity

64.8%

14%

White64.8%

Black6.8%

Hispanic11.2%

Asian14%

Other3.2%

Education (25+)

17.6%

73.8%

No HS diploma2.6%

HS diploma6%

Some college17.6%

Bachelor's+73.8%

Housing tenure

72.9%

27.1%

Owner72.9%

Renter27.1%

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

2023 vs 2026

How ZIP 78732 in Austin, TX has changed in 5 years

Rent

$2,155 → $2,047

down 5.0%

Income

$180,518 → $192,500

up 6.6%

Population

19,653 → 21,087

up 7.3%

Renter share

26.8% → 27.1%

+0.3 pts

Bachelor's+

76.4% → 73.8%

-2.6 pts

Median age

39 → 37.7

-1.3 yrs

Across the past five years, the going rent in ZIP 78732 in Austin, TX has shifted from $2,155 to $2,047, down 5.0% since 2023. On the earnings side, the typical household in ZIP 78732 in Austin, TX now reports about $192,500, up from $180,518 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 78732 in Austin, TX adding about 1,434 residents over the five-year window, up 7.3% on net. Bachelor's-degree-or-higher attainment moved from 76.4% to 73.8% across the same window. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 78732 in Austin, TX reflects that arc in its own way.

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About renting in ZIP 78732

Last updated: October 17, 2026

ZIP code 78732 covers Austin, TX. The median rent here is $2,047/mo as of October 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,990/mo.

At 13% of local median household income ($192,500/yr), ZIP 78732 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 78732?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (about $39/hour full-time) to afford the median rent of $2,047/mo in ZIP 78732. The local median household income is $192,500/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 78732?

Rent in ZIP 78732 has been roughly flat over the past year as of September 2026, a +0.2% change. It sits 6.6% below its high of $2,191 in February 2023.

How does ZIP 78732 compare to other ZIPs in Texas?

ZIP 78732 is one of the pricier among Texas ZIP codes for rent, ranking #71 of 693 at $2,047/mo. Over the year to September 2026, rent in ZIP 78732 changed +0.2%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.