15 Most Expensive Neighborhoods in Austin to Rent in 2024

With its eclectic music scene, delicious food, and beautiful outdoor spaces, it's no wonder Austin, TX, is home to nearly 975K residents. As the "Live Music Capital of the World®," Austin has countless nightlife options and legendary concert venues like Emo's Austin and Antone's Nightclub. There's something to do every day and night.

Austin's average rent for a one-bedroom apartment is $1,434, making it a pricey city to live in. If you're new to the city and looking to rent in one of its popular neighborhoods, then you're in the right place.

At ApartmentGuide, we've collected 15 of the most expensive neighborhoods in Austin to rent an apartment in this year. No matter your lifestyle, you'll find a variety of neighborhoods to choose from, each with its own unique charm and appeal.

15 Expensive Neighborhoods in Austin, TX

From the trendy Crestview neighborhood to the bustling Downtown area, there are a variety of Austin neighborhoods that cater to your lifestyle and needs. Below, you'll find a list of the most expensive neighborhoods in Austin – all amazing if you're looking to live in luxury.

1. Crestview
2. Pleasant Valley
3. North Burnet
4. Hancock
5. Barton Hills
6. Brentwood
7. Montopolis
8. East Austin
9. Windsor Park
10. West University
11. Central Austin
12. Highland
13. Travis Heights
14. Oak Hill
15. Downtown

Read on to see what each neighborhood has to offer its residents.

1. Crestview

Average 1-bedroom rent: $2,338
Apartments for rent in Crestview

Crestview is the most expensive neighborhood in Austin, as the average rent for a one-bedroom unit is $2,338. There are plenty of reasons why this neighborhood draws residents. Crestview is near attractions like Brentwood Neighborhood Park and the Northcross Mall Plaza, making it a great location. If you're looking for a taste of the neighborhood, there are a variety of local restaurants to explore, like Top Notch Hamburgers and El Mercado, showcasing Austin's food scene. There are a few bus stops in Crestview for renters living in Austin without a car..

2. Pleasant Valley

Average 1-bedroom rent: $2,074
Apartments for rent in Pleasant Valley

Pleasant Valley is a relaxing area that's east of downtown Austin. This beautiful neighborhood is near lots of attractions like Lady Bird Lake and Colorado River Park Wildlife Sanctuary. Pleasant Valley is well-known for its green spaces, like Roy G. Guerrero Colorado River Park and the shops and cafes along Pleasant Valley Road. The average rent for one-bedroom apartments is $2,074, which is about $600 above the city's average, making it a pricier neighborhood. However, Pleasant Valley's charm and outdoor amenities may be worth it.

3. North Burnet

Average 1-bedroom rent: $2,034
Apartments for rent in North Burnet

With an average one-bedroom rent of $2,034, North Burnet is Austin's third most expensive neighborhood. This neighborhood has several shopping centers, like The Domain and The Shops at Arbor Walk. You can also find attractions like Q2 Stadium and the Museum of Illusions, so there's plenty to explore. North Burnet is also near highways and the Kramer Light Rail stop, making it a convenient location for commuters. If you're looking for a relaxing afternoon, you can find Northern Walnut Creek Trail in the area.

4. Hancock

Average 1-bedroom rent: $1,975
Apartments for rent in Hancock

Hancock is the next most expensive neighborhood in Austin. It is known for its central location near the University of Texas at Austin and the Hancock Recreation Center. With so many attractions and neighborhood cafes, it's no wonder that this is a popular area. Hancock has many shops and restaurants, reflecting Austin's vibe.  Be sure to check out places like Snarf's Sandwiches, Quack's 43rd Street Bakery, and Mary's Cafe.

5. Barton Hills

Average 1-bedroom rent: $1,908
Apartments for rent in Barton Hills

Just about 3 miles from Downtown, Barton Hills is a stellar neighborhood if you want to live close to Downtown. While more expensive, the perks of living in Barton Hills may help offset the costs. For example, you can also walk to attractions like Barton Creek Greenbelt, Zilker Park, Barton Springs Municipal Pool, and Zilker Botanical Garden. This neighborhood is an amazing option if you're looking for an outdoorsy area. And if you're looking to enjoy Barton Hills' lively vibe, be sure to attend Austin City Limits Music Festival, held annually at Zilker Park.

6. Brentwood

Average 1-bedroom rent: $1,781
Apartments for rent in Brentwood

Next up is Brentwood, the sixth most expensive neighborhood in Austin. Brentwood is full of history and charm, with tree-lined streets and a central location. This area also has plenty of parks, restaurants, and attractions, so you'll have lots to explore. Make sure to enjoy the outdoors at Brentwood Neighborhood Park or grab a meal at one of the neighborhood restaurants along Burnet Road. It's no wonder the rents are above Austin's average. Brentwood is also near some of the most affordable neighborhoods in Austin.

7. Montopolis

Average 1-bedroom rent: $1,705
Apartments for rent in Montopolis

Located southeast of downtown, Montopolis is the next neighborhood on our list. Montopolis is near the Austin-Bergstrom International Airport, so it's a great area to rent if you travel frequently. You can find plenty of local cafes and restaurants along Montopolis Drive or check out some of Montopolis's green spaces, like Montopolis Park. Since Montopolis is located near the Colorado River and Roy G. Guerrero Colorado River Metro Park, its outdoorsy lifestyle is one of the many reasons people live here.

8. East Austin

Average 1-bedroom rent: $1,627
Apartments for rent in East Austin

East Austin takes the eighth spot on our list of most expensive neighborhoods in Austin. The average rent for a one-bedroom unit is roughly $200 more than the city's average. East Austin is a great option to consider if you're looking to be near downtown – and also plenty of attractions. For example, East Austin is home to East Cesar Chavez Street and East 6th Street, which has plenty of local shops and cafes, the scenic Lady Bird Lake, Boggy Creek Greenbelt, and Parish. There are plenty of hidden gems and trendy spots in the area, so be sure to explore everything East Austin has to offer.

9. Windsor Park

Average 1-bedroom rent: $1,608
Apartments for rent in Windsor Park

A well-loved Austin neighborhood, Windsor Park is the next area. Windsor Park is home to Bartholomew District Park, which has a pool, sports complex, and roller derby track. It's near the Little Walnut Creek Greenbelt, which is a great place to enjoy the outdoors on a nice day. If you need to commute to work, there are lots of options as the I-35 is nearby.

10. West University

Average 1-bedroom rent: $1,600
Apartments for rent in West University

West University is Austin's tenth most expensive neighborhood. This area has a vibrant feel with its popular restaurants and quirky shops along Guadalupe Street. Parks like Pease District Park and the Shoal Creek Greenbelt are perfect for enjoying a sunny day in Austin. West University is home to the Neill-Cochran House Museum, a Greek-Revival mansion built in 1855. You can also explore the nearby University of Texas at Austin campus and its many attractions.

11. Central Austin

Average 1-bedroom rent: $1,598
Apartments for rent in Central Austin

Number 11 on our list is Central Austin, which includes the West University area. This neighborhood is located in the heart of Austin and is a fantastic area if you're looking for a neighborhood with a charming main street. You can find plenty of cozy cafes and lively restaurants along Guadalupe Street, such as Torchy's Tacos and Dirty Martin's Place. Central Austin is also close to Hemphill Park and the Ann and Hancock Recreation Center.

12. Highland

Average 1-bedroom rent: $1,560
Apartments for rent in Highland

Taking the 12th spot is Highland. The average rent for a one-bedroom apartment is $1,560, compared to the city's average of $1,434. This neighborhood is about 4 miles from downtown meaning it's closer to some of the other popular neighborhoods like North Loop and Rosedale. Highland's expensive rent may be offset by its famous attractions like the Austin Museum of Popular Culture, Stiles Switch BBQ, and Wonderspaces Austin.

13. Travis Heights

Average 1-bedroom rent: $1,544
Apartments for rent in Travis Heights

Travis Heights is a popular area to consider living in Austin, as it's located along Lady Bird Lake. With attractions like Big Stacy Park and the Blunn Creek Nature Preserve and an average one-bedroom rent of $1,544, there are many reasons this expensive area may be for you. It's also home to Congress Street, a popular area with lots of restaurants, shops, and bars. Be sure to check out Home Slice Pizza, Magnolia Cafe, and June's to get the most out of the area.

14. Oak Hill

Average 1-bedroom rent: $1,496
Apartments for rent in Oak Hill

Oak Hill has an average one-bedroom rent of $1,496, meaning it's closer in price to the city's average. If you plan to rent in Oak Hill, make sure to check out the Barton Creek Greenbelt, where you'll find Twin Falls and Sculpture Falls, and the Austin Zoo. There are various shops and restaurants, like Manolis Ice Cream, Pops, Sorbet & More, Jack Allen's Kitchen Oak Hill, and Cypress Grill to help immerse yourself in the neighborhood's vibrant atmosphere.

15. Downtown

Average 1-bedroom rent: $1,488

Apartments for rent in Downtown

Taking the final spot on our list of most expensive neighborhoods in Austin is none other than Downtown Austin. It's no surprise that Downtown Austin is expensive, as the area is home to some of the city's most iconic attractions. From Congress Street with its quirky shops and restaurants, the Texas Capitol Building, and Moody Amphitheater to the Bullock Texas State History Museum and the Congress Bridge, there's always something to do in Downtown Austin. All of Downtown's attractions may be worth it for the pricier rent.

Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in March 2024.

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