Hello Longhorns!
So, you are going to the University of Texas at Austin and are tired of life with a roomie. Do you find yourself wondering how much a 1 bedroom place costs? No worries, I have some information for you.
The first choice you will have to make will be deciding between living at a high-rise property or a condo. High-rise properties tend to be newer, offer some amenities (Pool, Gym, Coffee Bar), offer some utilities included (Usually only internet), charge for parking ($150-$200) and offer furniture for an additional charge (Usually $50-$100). I would estimate if you were trying to find a 1 bedroom in a high-rise property you could be looking at anywhere from $1,150 if you got lucky and snagged a deal, to $1,600+. Don’t forget to add parking, furniture, and utilities on top of that amount. Something else to keep in mind when considering living at a high-rise is that they offer a bit more of a social living environment. For example, you will be sharing the gym or pool with numerous residents and you will see the leasing staff as you walk in the building every day. Some people enjoy the social environment and some people would prefer a bit more privacy.
Condos, on the other hand, provide a more private living experience and can be great for your budget. The lowest price point for a condo in West campus is right around $900. Something to keep in mind with units at this price point is that they tend to have a shared laundry room. If shared laundry is not your thing, be prepared to up the budget to about $1,000; that should give you plenty of options to consider. As with most things in life, there are more fancy condos as well that can increase the budget. One other aspect of condos is that they tend to be more dispersed across the entire West Campus neighborhood, as opposed to conglomerated around 24th and Rio Grande. Another point to touch on is parking, for the most part, every condo comes with 1 parking spot per bedroom; this is a great way to save money when compared to a high-rise. After all, who really wants to pay $150 per month to park their car? I know for sure I do not.
I hope this information was helpful!
If you would like access to tools and resources to help you view data and properties for sale or rent in the campus area, complete a Buyer’s Questionnaire or Renter’s Questionnaire and I will reach out ASAP!
Thank you for your time,
Realtor Tineo,