The average rent for a single-bedroom apartment in Austin was $1,320.67 a month in 2021.1 This marked an increase of roughly 7% over the city’s average rent in 2020, so rental prices are going up in Austin like in many other US cities. On top of this, Austin’s 2021 rental prices were among the highest in the US. While the city’s average rent wasn’t even close to notoriously expensive cities like San Francisco ($2,212.89) or New York City ($1,714.89), it was several hundred dollars higher than most other US cities we researched.