This month, we’ll be spotlighting the East Riverside-Oltorf neighborhood of Austin, Texas. This newly hot neighborhood is just south of Lady Bird Lake, East of I-35, west of Grove Boulevard and north of Ben White/Texas State Highway 71. Thanks to the city's East Riverside Corridor Plan, which aims to make Riverside Drive, already an important commercial corridor between downtown and the airport, into a transit-oriented and walkable road with lots of housing options for people from all income levels, this area is seeing a lot of development.
This neighborhood is already more than two times as dense as the city average. There are 6,504 people per square mile in this area, compared to the Austin average of 2,610. There is a plethora of apartments in the area, resulting in 83% of the area's residents being renters. The large number of apartments in the area were originally built for University of Texas Students. St. Edward's University and an Austin Community College Branch are also nearby. However, a lot of families and young professionals have moved into the area, lured by low rents.
Average rents in the area range from $385 for one of the student-focused rentals where you rent by the bedroom, to $1,100 for a conventional two bedroom, two bathroom unit. There are also new luxury apartments going up on the lake on Riverside, like Amli Southshore, where rents range from $1,250 to $2,174. Overall, though, rents here tend to be very affordable, especially when you consider that you are less than 5 minutes from downtown, South Congress and, depending on where you live, mere steps from Lady Bird Lake and the Hike and Bike Trail.
Looking for an apartment in the East Riverside-Oltorf area? Apartment Experts South can help! We know the vacancies, amenities and prices for the best complexes in the neighborhood. Give us a call today at 512-416-8100.