Austin has become the most expensive city in Texas. Apartment rental prices in Austin were the highest in Texas in June 2022. Rental prices for 1 bedroom apartments in Austin are up 31.40% year on year. At the moment, you can rent a 1-bedroom apartment for an average of $1,550 per month. Two-bedroom apartments have risen in price by 24.50% year on year. Also on the list of the most expensive cities in Texas are Plano and Dallas. Ranking of the most expensive cities in Texas updated in June 2022.