Franklin Park, Austin, TX Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,183, a 8.08% decrease compared to the previous year, when the average rent was $1,287.
One-bedroom apartments provide 632 square feet for $1,027, balancing privacy and affordability.
Two-beedroom units at $1,351 offer 981 square feet, perfect for roommates or small families.
Average rent in Franklin Park, Austin, TX
Last updated: February 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,183 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,027 | 632 sq. ft. |
| 2 Beds | $1,351 | 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 8.08% over the past year. The average rent moved from $1,287 to $1,183.
What's the typical rent budget in Franklin Park, Austin, TX?
The largest share of rentals in Franklin Park, Austin, TX (56%) 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?
1,210 or 51% of the households in Franklin Park, Austin, TX are renter-occupied while 1,182 or 49% are owner-occupied.
Most affordable neighborhoods in Franklin Park?
Heritage Hills $950/month
Mesa Park $951/month
Georgian Acres $976/month
All of these neighborhoods fall below the city wide average of $1,624/month.Most expensive neighborhoods in Franklin Park?
Central East Austin $2,561/month
Downtown Austin $3,311/month
West University $3,463/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 | $3,463 |
| Downtown Austin | $3,311 |
| Central East Austin | $2,561 |
| Bouldin Creek | $2,441 |
| Clarksville | $2,367 |
| SoCo | $2,338 |
| Tarrytown West Austin | $2,293 |
| North University | $2,266 |
| Westlake | $2,245 |
| Mueller | $2,228 |
| Rosedale | $2,149 |
| Zilker | $2,087 |
| Holly | $2,056 |
| The Triangle | $2,018 |
| Rosewood | $1,973 |
| Travis Heights | $1,972 |
| Steiner Ranch | $1,962 |
| East Cesar Chavez | $1,949 |
| Johnston Terrace | $1,861 |
| Govalle | $1,856 |
| Hancock | $1,838 |
| Bee Cave Woods | $1,830 |
| Long Canyon | $1,732 |
| North Burnet | $1,724 |
| Cedar Valley | $1,715 |
| Chestnut | $1,707 |
| Martin Luther King | $1,691 |
| Pilot Knob | $1,683 |
| Highland | $1,682 |
| Barton Hills | $1,653 |
| Bluebell Ridge | $1,648 |
| Brentwood | $1,643 |
| North Point | $1,616 |
| Oak Hill | $1,615 |
| Apache Shores | $1,593 |
| Bauerle Ranch | $1,593 |
| Crestview | $1,555 |
| McKinney | $1,552 |
| Montopolis | $1,551 |
| River Place | $1,542 |
| Northwood | $1,537 |
| Avery Ranch | $1,535 |
| Angus Valley | $1,534 |
| Pecan Springs Springdale | $1,523 |
| Jester Estates | $1,517 |
| South Lamar | $1,496 |
| Olympic Heights | $1,491 |
| South Congress | $1,486 |
| The Woodlands | $1,483 |
| Buckingham Estates | $1,462 |
| The Oak at Twin Creeks | $1,456 |
| McKinney Heights | $1,455 |
| North Loop | $1,448 |
| Allandale | $1,441 |
| Upper Boggy Creek | $1,430 |
| Canyon Creek | $1,429 |
| North Shoal Creek | $1,420 |
| River Oaks | $1,419 |
| Gateway | $1,413 |
| Tanglewood Oaks | $1,409 |
| Pioneer Crossing | $1,401 |
| Scofield Farms | $1,399 |
| Wooten | $1,390 |
| Bluff Springs | $1,390 |
| Windsor Park | $1,379 |
| Great Hills | $1,374 |
| East Riverside - Oltorf | $1,355 |
| Gracywoods | $1,342 |
| Copperfield | $1,339 |
| Milwood | $1,333 |
| Anderson Mill - Jollyville | $1,333 |
| Hyde Park | $1,318 |
| Dawson | $1,318 |
| Garrison Park | $1,307 |
| Galindo | $1,294 |
| Walnut Crossing | $1,284 |
| Harris Ridge | $1,270 |
| Onion Creek | $1,241 |
| Windsor Hills | $1,223 |
| Balcones Woods | $1,215 |
| Promontory Point | $1,185 |
| Northwest Hills | $1,184 |
| Franklin Park | $1,183 |
| North Lamar | $1,157 |
| North Civic Association | $1,116 |
| Westgate | $1,104 |
| University Hills | $1,096 |
| St Johns | $1,084 |
| South Manchaca | $1,074 |
| Coronado Hills | $1,038 |
| Georgian Acres | $976 |
| Mesa Park | $951 |
| Heritage Hills | $950 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 18% lower than in Allandale
$1,183
Franklin Park rent is the same as Austin average
Average Rent
$1,183
$1,441
Allandale rent is 22% higher than Austin average
Average Rent
$1,441
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.