Franklin Park, Austin, TX Rental Market Trends
Last updated: April 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,202, a 5.26% decrease compared to the previous year, when the average rent was $1,268.
One-bedroom apartments provide 632 square feet for $1,065, balancing privacy and affordability.
Two-beedroom units at $1,356 offer 981 square feet, perfect for roommates or small families.
Average rent in Franklin Park, Austin, TX
Last updated: April 17, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,202 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,065 | 632 sq. ft. |
| 2 Beds | $1,356 | 981 sq. ft. |
| 3 Beds | n/a | n/a |
Franklin Park, Austin, TX rent trends
Rental prices in Franklin Park, Austin, TX have decreased by 5.26% over the past year. The average rent moved from $1,268 to $1,202.
What's the typical rent budget in Franklin Park, Austin, TX?
The largest share of rentals in Franklin Park, Austin, TX (58%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Franklin Park, Austin, TX?
1,273 or 49% of the households in Franklin Park, Austin, TX are renter-occupied while 1,324 or 51% are owner-occupied.
Most affordable neighborhoods in Franklin Park?
Mesa Park $879/month
Heritage Hills $983/month
Coronado Hills $989/month
All of these neighborhoods fall below the city wide average of $1,623/month.Most expensive neighborhoods in Franklin Park?
Bouldin Creek $2,607/month
Downtown Austin $3,198/month
West University $3,513/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Austin, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West University | $3,513 |
| Downtown Austin | $3,198 |
| Bouldin Creek | $2,607 |
| Central East Austin | $2,541 |
| SoCo | $2,398 |
| Clarksville | $2,299 |
| Mueller | $2,234 |
| Westlake | $2,225 |
| North University | $2,204 |
| Tarrytown West Austin | $2,193 |
| Rosedale | $2,120 |
| Zilker | $2,052 |
| The Triangle | $1,986 |
| Rosewood | $1,984 |
| Holly | $1,983 |
| East Cesar Chavez | $1,972 |
| Travis Heights | $1,939 |
| Steiner Ranch | $1,913 |
| Johnston Terrace | $1,889 |
| Govalle | $1,886 |
| Hancock | $1,857 |
| Bee Cave Woods | $1,803 |
| Pilot Knob | $1,749 |
| Cedar Valley | $1,715 |
| North Burnet | $1,709 |
| Highland | $1,698 |
| Barton Hills | $1,670 |
| North Point | $1,648 |
| Chestnut | $1,639 |
| Oak Hill | $1,623 |
| Bluebell Ridge | $1,621 |
| Martin Luther King | $1,617 |
| Brentwood | $1,611 |
| Long Canyon | $1,610 |
| Crestview | $1,593 |
| Avery Ranch | $1,569 |
| McKinney | $1,558 |
| Bauerle Ranch | $1,555 |
| Angus Valley | $1,549 |
| Northwood | $1,548 |
| Montopolis | $1,523 |
| The Woodlands | $1,520 |
| Apache Shores | $1,519 |
| McKinney Heights | $1,519 |
| South Lamar | $1,517 |
| Pecan Springs Springdale | $1,512 |
| River Place | $1,510 |
| South Congress | $1,492 |
| Olympic Heights | $1,488 |
| Jester Estates | $1,475 |
| Buckingham Estates | $1,469 |
| The Oak at Twin Creeks | $1,455 |
| North Loop | $1,453 |
| Gateway | $1,435 |
| Tanglewood Oaks | $1,434 |
| Allandale | $1,434 |
| Scofield Farms | $1,417 |
| Pioneer Crossing | $1,413 |
| River Oaks | $1,409 |
| North Shoal Creek | $1,407 |
| Windsor Park | $1,402 |
| Upper Boggy Creek | $1,392 |
| Canyon Creek | $1,392 |
| Bluff Springs | $1,391 |
| Great Hills | $1,379 |
| Milwood | $1,374 |
| East Riverside - Oltorf | $1,362 |
| Gracywoods | $1,349 |
| Dawson | $1,325 |
| Hyde Park | $1,321 |
| Anderson Mill - Jollyville | $1,320 |
| Garrison Park | $1,311 |
| Copperfield | $1,311 |
| Harris Ridge | $1,290 |
| Onion Creek | $1,282 |
| Walnut Crossing | $1,262 |
| Galindo | $1,250 |
| Balcones Woods | $1,222 |
| Wooten | $1,216 |
| Franklin Park | $1,202 |
| Northwest Hills | $1,168 |
| Promontory Point | $1,147 |
| Windsor Hills | $1,146 |
| St Johns | $1,129 |
| North Lamar | $1,126 |
| South Manchaca | $1,101 |
| North Civic Association | $1,100 |
| Westgate | $1,059 |
| University Hills | $1,039 |
| Georgian Acres | $1,005 |
| Coronado Hills | $989 |
| Heritage Hills | $983 |
| Mesa Park | $879 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 16% lower than in Allandale
$1,202
Franklin Park rent is the same as Austin average
Average Rent
$1,202
$1,434
Allandale rent is 19% higher than Austin average
Average Rent
$1,434
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Franklin Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.