Rental market snapshot for Elgin, Texas

Elgin, Texas Rental Property Market Overview

Elgin, Texas is a small city located in Bastrop County, about 30 miles east of Austin. According to the US Census, Elgin has a population of 10,549 as of 2021. The city is known for its historic downtown area, which features a variety of shops and restaurants. Elgin is also home to several parks, including the Elgin Memorial Park and the Elgin City Park. The city is a great place to live, work, and play, offering a variety of activities and attractions for residents and visitors alike.

The average rent for an apartment in Elgin is $1,860. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -0.30% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Elgin Texas | Cost of Living

  • The most expensive ZIP Code in Elgin is 78621 with an average price of $1,900
  • The cheapest ZIP Code in Elgin is 78621 with an average price of $1,835

Elgin ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
178621$1,900

Live near Elgin, Texas's Top Sights and Attractions

Elgin Memorial Park is a beautiful outdoor space located in the heart of Texas. It features a large lake, walking trails, picnic areas, and a playground. The park also has a variety of trees and plants, making it a great spot for bird watching. There are also several monuments and memorials dedicated to the city's history and culture. Visitors can also enjoy a variety of activities such as fishing, boating, and swimming.

Shenandoah Soccer Park and Greenbelt is a sprawling outdoor recreation area located in Elgin, Texas. It features two full-size soccer fields, a playground, a picnic pavilion, and a walking trail that winds through a lush greenbelt. The park is a great place for families to spend time together, with plenty of open space for running and playing. The soccer fields are well-maintained and offer a great place for teams to practice and compete. The walking trail is a great way to get some exercise and take in the beauty of the surrounding area.

Morris Park & Pool is a family-friendly outdoor recreation area located in Elgin, Texas. It features a large swimming pool, a playground, a picnic area with tables and grills, and a walking trail. The park also has a basketball court, a sand volleyball court, and a disc golf course. The park is open year-round and offers a variety of activities for all ages.

Thomas Memorial Park is a beautiful outdoor area located in Elgin, Texas. It features a variety of activities for visitors to enjoy, including a large lake, walking trails, picnic areas, and a playground. The park also has a disc golf course, a skate park, and a BMX track. Visitors can also take advantage of the park's fishing pier, boat ramp, and boat rentals. The park is a great place to spend the day with family and friends, and is a popular spot for outdoor recreation.

Veterans Memorial Park is a beautiful outdoor space located in Elgin, Texas. It features a large memorial wall dedicated to the veterans of the area, as well as a variety of walking paths, picnic areas, and playgrounds. The park also has a large pond, complete with a fountain, and plenty of benches and tables for visitors to relax and enjoy the scenery. The park is a great place to spend time with family and friends, and it is a popular spot for local events and festivals.

Elgin Little League is a youth baseball and softball organization that provides a safe and fun environment for children to learn the fundamentals of the game. The league offers a variety of divisions for players of all ages and skill levels, from T-ball to Majors. The facility features two lighted fields, a concession stand, and a playground. The league also hosts tournaments and special events throughout the year.

Mooris Memorial Park is a beautiful outdoor space located in Elgin, Texas. It features a large lake surrounded by lush greenery, perfect for a peaceful stroll or a picnic. The park also has a playground, a pavilion, and a gazebo, making it a great spot for families to spend time together. There are also plenty of trails for biking and hiking, as well as a disc golf course. Whether you're looking for a relaxing day outdoors or an active adventure, Mooris Memorial Park has something for everyone.

Elgin, Texas is home to the Elgin Christmas Lights, a holiday light display that has been a beloved tradition since the 1950s. The lights are displayed in the historic downtown area, and feature over one million lights that are synchronized to music. Visitors can drive through the display or take a horse-drawn carriage ride to enjoy the festive atmosphere.

The Elgin Depot Museum is a historic attraction located in Elgin, Texas. It is housed in a former railroad depot, built in 1876 and is the oldest surviving depot in the state. The museum features a variety of exhibits that tell the story of the city's history, from its early days as a railroad town to its present-day status as a thriving community. Visitors can explore the depot's original ticket office, baggage room, and telegraph office, as well as a collection of artifacts and photographs that illustrate the city's past. The museum also offers a variety of educational programs and activities for all ages.

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Elgin, Texas area median rent change by ZIP Code map

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How does Elgin compare to other cities in Texas ?

citymedian price
Venus$2,250
Wylie$2,025
Mont Belvieu$1,745
Denton$1,990
Rosharon$1,855
Mabank$1,295
Fort Bend County$2,275
Orange$945

Average household income in Elgin area graph - US Census

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The median household income in Elgin in 2021 was $70,313. This represents a 34.3% change from 2011 when the median was $52,356.

#categorypercent
0Less than $10,0006.9%
1$10,000 to $14,9992.2%
2$15,000 to $19,9991.5%
3$20,000 to $24,9995.6%
4$25,000 to $29,9992.7%
5$30,000 to $34,9995.8%
6$35,000 to $39,9994.3%
7$40,000 to $44,9995.9%
8$45,000 to $49,9994.3%
9$50,000 to $59,9996.5%
10$60,000 to $74,9998.6%
11$75,000 to $99,99918.4%
12$100,000 to $124,99910.9%
13$125,000 to $149,9997.1%
14$150,000 to $199,9997.9%
15$200,000 or more1.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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