Dripping Springs, TX
April 2026
78620
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,494 – $1,641 | 2.61% | 3.61% |
| 2-Bedroom | $1,829 – $2,021 | -1.58% | 0.06% |
| 3-Bedroom | $2,159 – $2,269 | 2.12% | 1.10% |
| 4-Bedroom | $2,894 – $3,072 | -0.86% | 1.29% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,592 – $1,674 | 2.90% | -0.85% |
| 2-Bedroom | $1,965 – $2,065 | 0.20% | -0.93% |
| 3-Bedroom | $2,270 – $2,420 | -0.47% | -4.87% |
| 4-Bedroom | $3,064 – $3,254 | -0.28% | 1.48% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,628 – $1,736 | -5.72% | -5.19% |
| 2-Bedroom | $2,098 – $2,206 | -3.85% | -2.41% |
| 3-Bedroom | $2,478 – $2,712 | 0.73% | 1.78% |
| 4-Bedroom | $3,129 – $3,323 | -2.56% | -1.22% |
In the Dripping Springs (78620) rental market, 1-bedroom apartments posted a 2.61% monthly increase, reaching $1,568 in April 2026. This segment also grew 3.61% year-over-year, reflecting continued strength at the entry-level apartment tier for tenants and investors.
Compared to 2-bedroom apartments, 2-bedroom condos in Dripping Springs (78620) commanded a $90 premium, with median rent at $2,015 versus $1,925. Despite this higher pricing, condo rents declined 0.93% year-over-year, while apartment rents edged up by just 0.06%.
A notable shift in Dripping Springs (78620) rental trends is the 5.72% month-over-month decrease for 1-bedroom single-family homes, now averaging $1,682. The annual change also showed a decrease of 5.19%, marking this segment as recording the sharpest rental declines for the period.