Apartment Price Drops This Week in Downtown Austin - Austin, TX
Biggest Rent Drops in Downtown Austin, Austin
Data updated: October 15, 2025 at 10:23 AM PDT
Looking for an apartment deal in Downtown Austin? We’ve surfaced the biggest rent drops and current trends in this part of Austin.
Which listings in Downtown Austin have had the biggest price drops in the past week?
Unit 525 at Gables Park Plaza (1 bed, 1 bath) recently dropped by $495 to $2381. Meanwhile, Unit 2011 at Sienna at the Thompson (1 bed, 1 bath) saw a $490 reduction, bringing the price down to $3629. These deals are worth checking out for anyone seeking a significant savings on a cozy living space in Austin.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| Gables Park Plaza | 1 bed, 1 bath | $2381 (-$495) | 10/14 |
| Sienna at the Thompson | 1 bed, 1 bath | $3629 (-$490) | 10/14 |
| Hanover Republic Square | 3 beds, 3.5 baths | $10228 (-$293) | 10/15 |
| Reserve at Arboretum | 1 bed, 1 bath | $1633 (-$100) | 10/10 |
| The Shoal | 1 bed, 1 bath | $1981 (-$98) | 10/15 |
| The Bowie | 3 beds, 3 baths | $9783 (-$79) | 10/12 |
| Hanover Brazos Street | 2 beds, 2 baths | $3937 (-$75) | 10/14 |
| SkyHouse Austin Apartments | Studio, 1 bath | $2125 (-$45) | 10/14 |
| Alexan Waterloo | Studio, 1 bath | $1694 (-$42) | 10/15 |
| AMLI on 2nd | 2 beds, 2 baths | $3706 (-$27) | 10/14 |
What’s the rent trend in Downtown Austin?
As of this week, the rental market in downtown Austin is showing a slight uptick in prices. The average rent for a 1-bedroom apartment has increased to $3,185, up from $3,113 last week, indicating a modest rise. Similarly, 2-bedroom apartments are now averaging $5,011, compared to $4,878 the previous week. This upward trend suggests a growing demand in the area, so prospective renters might want to act swiftly to lock in current rates.
Top 5 Price Drops This Week
Gables Park Plaza – 525
1 bed, 1 bath, 747 sq ft
Was: $2876 → Now: $2381
Price Drop: $495
Price Changed on: 10/14
Sienna at the Thompson – 2011
1 bed, 1 bath, 864 sq ft
Was: $4119 → Now: $3629
Price Drop: $490
Price Changed on: 10/14
Hanover Republic Square – PH4102
3 beds, 3.5 baths, 3194 sq ft
Was: $10521 → Now: $10228
Price Drop: $293
Price Changed on: 10/15
Reserve at Arboretum – 486
1 bed, 1 bath, 924 sq ft
Was: $1733 → Now: $1633
Price Drop: $100
Price Changed on: 10/10
The Shoal – 318
1 bed, 1 bath, 517 sq ft
Was: $2079 → Now: $1981
Price Drop: $98
Price Changed on: 10/15
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Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
