As with most university neighborhoods, the area around UT is an eclectic mix of old and new. Prices can vary significantly based on age and type of structure as well as overall convenience to the best that university life has to offer. For some, that means UT's phenomenal museums, libraries and other academic facilities. Others value the constant energy of tens of thousands of students walking the area by day and stumbling the area by night. There are plenty of attractions for either preference. Homes range from slick new condo high-rise developments to historic mansions. Of course, there are plenty of less eye catching options in between. It should be noted that a student at UT is not required to select this area for a successful experience at the university. The UT shuttle service throughout Austin provides great alternatives for students looking for bigger or quieter spaces on a budget. $250+ /s.f.