Franklin Park, Austin, TX Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,229, a 8.11% decrease compared to the previous year, when the average rent was $1,337.
One-bedroom apartments provide 632 square feet for $1,044, balancing privacy and affordability.
Two-beedroom units at $1,445 offer 981 square feet, perfect for roommates or small families.
Average rent in Franklin Park, Austin, TX
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,229 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,044 | 632 sq. ft. |
| 2 Beds | $1,445 | 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 8.11% over the past year. The average rent moved from $1,337 to $1,229.
What's the typical rent budget in Franklin Park, Austin, TX?
The largest share of rentals in Franklin Park, Austin, TX (64%) 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?
9,769 or 51% of the households in Franklin Park, Austin, TX are renter-occupied while 9,544 or 49% are owner-occupied.
Most affordable neighborhoods in Franklin Park?
Georgian Acres $1,046/month
Westgate $1,048/month
Heritage Hills $1,066/month
All of these neighborhoods fall below the city wide average of $1,662/month.Most expensive neighborhoods in Franklin Park?
Bouldin Creek $2,497/month
Downtown Austin $3,222/month
West University $3,356/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 | $3,356 |
| Downtown Austin | $3,222 |
| Bouldin Creek | $2,497 |
| Central East Austin | $2,445 |
| SoCo | $2,381 |
| Clarksville | $2,364 |
| North University | $2,317 |
| Tarrytown West Austin | $2,316 |
| Mueller | $2,252 |
| Westlake | $2,238 |
| Zilker | $2,116 |
| The Triangle | $2,090 |
| East Cesar Chavez | $2,043 |
| Rosedale | $2,042 |
| Rosewood | $2,040 |
| Holly | $2,029 |
| Travis Heights | $1,931 |
| Steiner Ranch | $1,926 |
| Johnston Terrace | $1,918 |
| Hancock | $1,901 |
| Bee Cave Woods | $1,890 |
| Govalle | $1,859 |
| Long Canyon | $1,798 |
| North Burnet | $1,779 |
| Cedar Valley | $1,760 |
| Barton Hills | $1,748 |
| Highland | $1,747 |
| Apache Shores | $1,747 |
| Pilot Knob | $1,740 |
| Martin Luther King | $1,716 |
| Oak Hill | $1,710 |
| Chestnut | $1,709 |
| Bauerle Ranch | $1,683 |
| Brentwood | $1,662 |
| North Point | $1,661 |
| Montopolis | $1,644 |
| McKinney | $1,621 |
| Crestview | $1,609 |
| Gateway | $1,601 |
| Angus Valley | $1,598 |
| Avery Ranch | $1,592 |
| Pecan Springs Springdale | $1,574 |
| Northwood | $1,572 |
| South Lamar | $1,555 |
| Bluebell Ridge | $1,553 |
| River Place | $1,552 |
| South Congress | $1,546 |
| McKinney Heights | $1,544 |
| Upper Boggy Creek | $1,540 |
| North Loop | $1,538 |
| Jester Estates | $1,537 |
| Allandale | $1,536 |
| Scofield Farms | $1,534 |
| Olympic Heights | $1,525 |
| The Woodlands | $1,524 |
| Great Hills | $1,516 |
| The Oak at Twin Creeks | $1,503 |
| Buckingham Estates | $1,499 |
| Canyon Creek | $1,476 |
| North Shoal Creek | $1,456 |
| Pioneer Crossing | $1,454 |
| River Oaks | $1,447 |
| East Riverside - Oltorf | $1,443 |
| Tanglewood Oaks | $1,434 |
| Milwood | $1,427 |
| Wooten | $1,425 |
| Bluff Springs | $1,421 |
| Windsor Park | $1,419 |
| Copperfield | $1,405 |
| Dawson | $1,392 |
| Onion Creek | $1,386 |
| Anderson Mill - Jollyville | $1,384 |
| Garrison Park | $1,369 |
| Hyde Park | $1,343 |
| Gracywoods | $1,340 |
| Harris Ridge | $1,337 |
| Walnut Crossing | $1,320 |
| Balcones Woods | $1,246 |
| Northwest Hills | $1,242 |
| Coronado Hills | $1,239 |
| Franklin Park | $1,229 |
| Galindo | $1,215 |
| North Lamar | $1,199 |
| Promontory Point | $1,193 |
| Windsor Hills | $1,183 |
| University Hills | $1,180 |
| North Civic Association | $1,179 |
| South Manchaca | $1,178 |
| Mesa Park | $1,126 |
| St Johns | $1,116 |
| Heritage Hills | $1,066 |
| Westgate | $1,048 |
| Georgian Acres | $1,046 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 20% lower than in Allandale
$1,229
Franklin Park rent is the same as Austin average
Average Rent
$1,229
$1,536
Allandale rent is 25% higher than Austin average
Average Rent
$1,536
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.