Prospect

Starting at $995

122 Sheraton Ave

Austin, TX 78745 East Congress Neighborhood
Studio-2 Beds
1-2 Baths
418+ Sq Ft

About Prospect

Welcome Home to Prospect! Prospect’s studio, one-bedroom, and two-bedroom homes are as comfortable as they are stylish, with modern lines softened by warm colors, natural materials, and plenty of light. Entertain friends and family in wide-open living areas and state-of-the-art amenities, unleash your inner chef in a well-equipped kitchen, or recharge in your tranquil, spa-inspired spaces. Prospect’s community spaces are an extension of your home, putting you steps away from opportunities to work, entertain, relax, or exercise. Catch up on email from a co-working-style office space. Get some fresh air on the roof deck or in one of three well-furnished outdoor spaces. Take a dip in the resort-style pool or get healthy in a fully equipped fitness center with dedicated yoga studio. And do it all while staying connected, thanks to property-wide wireless service covering all indoor and outdoor areas. Our community is part of the Affordable Rental Program which is an income-based program designed to reduce the barrier to affordable quality housing for the working force community in Austin. To qualify for our apartment homes, all applicants need to meet the standard qualifications and gross annual income does not exceed the income limits of the AMFI rent limits per the respective number of person(s) living in the home. Please see the qualifications tab below for more information.

Listing Provided By

Pricing and Floor Plans

Studio

E1.2-60

$995

Studio, 1 Bath, 418 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx-2.jpg?t=p&p=1
E1.2-60 Floor Plan
3 Available Units
Unit Price Sq Ft Availability
2237 $995 418 Now
2137 $995 418 Now
2537 $995 418 Now

E1.1-80

$995 - $1,095

Studio, 1 Bath, 418 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx-4.jpg?t=p&p=1
E1.1-80 Floor Plan
3 Available Units
Unit Price Sq Ft Availability
2134 $995 418 Now
1127 $1,095 418 Now
1233 $1,095 418 Now

E1.1-120

$995 - $1,195

Studio, 1 Bath, 436 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx-5.jpg?t=p&p=1
E1.1-120 Floor Plan
3 Available Units
Unit Price Sq Ft Availability
1002 $995 436 Now
1308 $1,045 436 Now
1102 $1,195 436 Feb 19, 2026

E1.4-80

$995

Studio, 1 Bath, 454 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx.jpg?t=p&p=1
E1.4-80 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
2425 $995 454 Now

E1.6-80

$995 - $1,045

Studio, 1 Bath, 491 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx-3.jpg?t=p&p=1
E1.6-80 Floor Plan
2 Available Units
Unit Price Sq Ft Availability
2105 $995 491 Now
2305 $1,045 491 Jan 21, 2026

E1.7-80

$1,295

Studio, 1 Bath, 509 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/tgZ1Q4LAYxG-nggS_JKLrNVGeLZUskbbD6mDgU2xJQw/116/prospect-austin-tx-6.jpg?t=p&p=1
E1.7-80 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
1222 $1,295 509 Now

1 Bedroom

A1.1-80

$1,175 - $1,555

1 Bed, 1 Bath, 558 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/qbNszLaMRXVRIxE4L6rbBQDG5gFzFK4dj5hndmIBzuE/116/prospect-austin-tx-13.jpg?p=1
A1.1-80 Floor Plan
3 Available Units
Unit Price Sq Ft Availability
1337 $1,555 558 Jan 3, 2026
1135 $1,225 558 Jan 31, 2026
1006 $1,175 558 Dec 30, 2028

A1.6-60

$1,260

1 Bed, 1 Bath, 653 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/qbNszLaMRXVRIxE4L6rbBQDG5gFzFK4dj5hndmIBzuE/116/prospect-austin-tx-17.jpg?p=1
A1.6-60 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
2318 $1,260 653 Mar 7, 2026

A2.1-90

$1,275

1 Bed, 1 Bath, 651 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/h5wTexMaR49KnIiNMLFlUzvYuF3PLON_Me8BFsSvi2o/116/prospect-austin-tx-7.png?t=p&p=1
A2.1-90 Floor Plan
2 Available Units
Unit Price Sq Ft Availability
2415 $1,275 651 Now
2117 $1,275 651 Dec 30

A2.HC2-90

$1,275

1 Bed, 1 Bath, 651 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/IkRu4e2OopXADRPC_dqhNoVMFfIke5rZBB3iEQlwmps/116/prospect-austin-tx-11.png?p=1
A2.HC2-90 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
2229 $1,275 651 Now

A2.HC1-90

$1,275

1 Bed, 1 Bath, 651 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/OPRpe9vCl9n9gk3NlVuizauRGYWwQczggQpOieBQaB0/116/prospect-austin-tx-12.jpg?t=p&p=1
A2.HC1-90 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
2329 $1,275 651 Dec 30

A2.5-120

$1,325 - $1,495

1 Bed, 1 Bath, 651 Sq Ft

$250 deposit

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A2.5-120 Floor Plan
2 Available Units
Unit Price Sq Ft Availability
2304 $1,325 651 Jan 17, 2026
2308 $1,495 651 Feb 10, 2026

A1.3-80

$1,445

1 Bed, 1 Bath, 592 Sq Ft

$250 deposit

https://imagescdn.homes.com/i2/ucpZjiB8JnCc940quDXHmEkLQNsqYIPcvL3UJLU9BfU/116/prospect-austin-tx-16.jpg?p=1
A1.3-80 Floor Plan
2 Available Units
Unit Price Sq Ft Availability
1107 $1,445 592 Mar 4, 2026
1125 $1,445 592 Mar 11, 2026

A2.3-120

$1,495

1 Bed, 1 Bath, 697 Sq Ft

$250 deposit

/assets/images/102/property-no-image-available.png
A2.3-120 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
1124 $1,495 697 Feb 24, 2026

2 Bedrooms

B2.1-90

$1,605

2 Beds, 2 Baths, 978 Sq Ft

$500 deposit

https://imagescdn.homes.com/i2/2OsUcLoOS5Z70U5XATAB3sMPtNI6G0gi6oZBWN4xdpo/116/prospect-austin-tx-8.jpg?t=p&p=1
B2.1-90 Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
2536 $1,605 978 Now

B2.1-120

$1,795 - $1,895

2 Beds, 2 Baths, 978 Sq Ft

$500 deposit

https://imagescdn.homes.com/i2/2OsUcLoOS5Z70U5XATAB3sMPtNI6G0gi6oZBWN4xdpo/116/prospect-austin-tx-9.jpg?t=p&p=1
B2.1-120 Floor Plan
3 Available Units
Unit Price Sq Ft Availability
1201 $1,895 978 Now
2213 $1,795 978 Jan 2, 2026
2513 $1,795 978 Feb 24, 2026

B1.1-120

$1,995

2 Beds, 2 Baths, 919 Sq Ft

$500 deposit

https://imagescdn.homes.com/i2/mgQ-7JQhcF-v-7s9lC6QjdCMhH1KFp3KJsPWPyLZ6f8/116/prospect-austin-tx-10.jpg?t=p&p=1
B1.1-120 Floor Plan
2 Available Units
Unit Price Sq Ft Availability
1210 $1,995 919 Now
1310 $1,995 919 Jan 30, 2026

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Rent Estimate Calculator to determine your monthly and one-time costs based on your requirements.

Utilities And Essentials

Utility - Gas
Usage-Based (Utilities).Amount for provision and consumption of natural gas.
Utility - Gas Administrative Fee
Amount to manage gas billing.
Utility - Electric - Third Party
Usage-Based (Utilities).Amount for provision and consumption of electric paid to a third party.
Utility - Stormwater/Drainage Admin Fee
Amount to manage drainage billing.
Utility - Water/Sewer
Usage-Based (Utilities).Amount for provision and/or consumption of water and sewer services
Trash Services - Hauling
Usage-Based (Utilities).Amount for shared trash/waste services.
Trash Administrative Fee
Amount to manage trash service billing.
Trash Services - Doorstep
Amount for doorstep trash removal from rental home.
Pest Control Services
Amount for pest control services.
Community Amenity Fee
Amount for community amenity use and services.
Renters Liability Insurance - Third Party
Amount for renters liability insurance obtained through resident's provider of choice.
Utility - Water/Wastewater Submeter Admin Fee
Usage-Based (Utilities).Amount for water billing services calculated as a percentage of consumption as allowed by regulation.
Utility - Gas
Varies
Utility - Gas Administrative Fee
$3 / mo
Utility - Electric - Third Party
Varies
Utility - Stormwater/Drainage Admin Fee
$3 / mo
Utility - Water/Sewer
Varies
Trash Services - Hauling
Varies
Trash Administrative Fee
$3 / mo
Trash Services - Doorstep
$30 / mo
Pest Control Services
$5 / mo
Community Amenity Fee
$15 / mo
Renters Liability Insurance - Third Party
Varies
Utility - Water/Wastewater Submeter Admin Fee
Varies

One-Time Basics

Due at Application
Application Fee
Amount to process application, initiate screening, and take a rental home off the market.
Due at Move In
Security Deposit (Refundable)
Amount intended to be held through residency that may be applied toward amounts owed at move-out. Refunds processed per application and lease terms.
Due at Application
Application Fee
$200
Due at Move In
Security Deposit (Refundable)
$250 - $500

Parking

Parking Fee
Amount for parking space/services. May be subject to availability.
Parking Fee
$25 / mo

Pets

Pet Management - Third Party
Amount for authorized pet registration and screening services.
Pet Rent
Monthly amount for authorized pet.
Pet Fee
Amount to facilitate authorized pet move-in.
Pet Management - Third Party
$25 - $30 / yr
Pet Rent
$20 / mo
Pet Fee
$400

Storage

Storage Fee
Amount for usage of optional storage space. May be subject to availability.
Storage Fee
$30 - $100 / mo

Personal Add-Ons

Renters Liability Only - Non-Compliance
Amount for not maintaining required Renters Liability Policy.
Security Deposit Alternative
Amount for alternate program in lieu of paying a traditional security deposit.
Renters Liability Only - Non-Compliance
$15 / occurance
Security Deposit Alternative
Varies

Situational

Access/Lock Change Fee
Amount to change or reprogram access to rental home.
Intra-Community Transfer Fee
Amount due when transferring to another rental unit within community.
Access Device - Replacement
Amount to obtain a replacement access device for community; fobs, keys, remotes, access passes.
Express Move Out
Amount for community to perform rental home cleaning upon move-out.
Early Lease Termination/Cancellation
Amount to terminate lease earlier than lease end date; excludes rent and other charges.
Reletting Fee
Marketing fee related to early lease termination; excludes rent and other charges.
Late Fee
Amount for paying after rent due date; per terms of lease.
Positive Credit Reporting Services
Amount to send positive payment history to credit reporting agency(ies); per person.
Payment Services - Third Party
Amount for using a third party, electronic payment processing service (i.e. credit card, ACH, etc.).
Legal/Eviction Fees
Amount for legal expenses incurred for lease violations.
Utility - Vacant Cost Recovery
Usage-Based (Utilities).Amount for utility usage not transferred to resident responsibility any time during occupancy.
Utility - Vacant Processing Fee
Amount for failing to transfer utilities into resident name.
Returned Payment Fee (NSF)
Amount for returned payment.
Access/Lock Change Fee
$75 / occurance
Intra-Community Transfer Fee
$500 / occurance
Access Device - Replacement
$10 - $75 / occurance
Express Move Out
$150 - $250
Early Lease Termination/Cancellation
200.00% of base rent / occurance
Reletting Fee
85.00% of base rent / occurance
Late Fee
9.99% of base rent / occurance
Positive Credit Reporting Services
$4.95 / mo
Payment Services - Third Party
Varies
Legal/Eviction Fees
Varies
Utility - Vacant Cost Recovery
Varies
Utility - Vacant Processing Fee
$50 / occurance
Returned Payment Fee (NSF)
$75 / occurance

Property Fee Disclaimer: Standard Security Deposit subject to change based on screening results; total security deposit(s) will not exceed any legal maximum. Resident may be responsible for maintaining insurance pursuant to the Lease. Some fees may not apply to apartment homes subject to an affordable program. Resident is responsible for damages that exceed ordinary wear and tear. Some items may be taxed under applicable law. This form does not modify the lease. Additional fees may apply in specific situations as detailed in the application and/or lease agreement, which can be requested prior to the application process. All fees are subject to the terms of the application and/or lease. Residents may be responsible for activating and maintaining utility services, including but not limited to electricity, water, gas, and internet, as specified in the lease agreement.

Map

Texas Travis County Austin 78745 East Congress

122 Sheraton Ave, Austin, TX

For Rent

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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