South Austin, Austin, TX—78704

As of July '25, Rentcast reports the average rent in South Austin, Austin, TX is $2,810, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in South Austin, Austin, TX is studios: $1,160, 1-bedrooms: $1,650, 2-bedrooms: $2,500, 3-bedrooms: $4,320, 4-bedrooms: $6,040. The most common rental property sizes in South Austin, Austin, TX are 1-bedroom and 2-bedroom, accounting for 45.0% and 30.9% of the rental stock.

As of the latest ACS Survey released in 2023, South Austin, Austin, TX has a population of 50,500, which has increased by 4.1% over the past 5 years. South Austin, Austin, TX is a less popular place for families, as children make up 12.5% of the population. The area has a highly educated workforce, with 70.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.6% reporting working from home.

As of the latest ACS Survey released in 2023, South Austin, Austin, TX is a predominantly white area, with 61.6% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in South Austin, Austin, TX is hispanic, making up 24.3% of the population. Foreign-born residents account for 11.6% of the population in South Austin, Austin, TX, and this percentage has increased by 18.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in South Austin, Austin, TX under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in South Austin, Austin, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.