Franklin Park, Austin, TX Rental Market Trends
Last updated: August 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,171, a 5.59% decrease compared to the previous year, when the average rent was $1,240.
One-bedroom apartments provide 632 square feet for $1,005, balancing privacy and affordability.
Two-bedroom units at $1,358 offer 981 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,120 sq ft) for $1,506, suitable for larger households.
Average rent in Franklin Park, Austin, TX
Last updated: August 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,171 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,005 | 632 sq. ft. |
| 2 Beds | $1,358 | 981 sq. ft. |
| 3 Beds | $1,506 | 1,120 sq. ft. |
Franklin Park, Austin, TX rent trends
Rental prices in Franklin Park, Austin, TX have decreased by 5.59% over the past year. The average rent moved from $1,240 to $1,171.
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?
1,273 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 $877/month
Georgian Acres $934/month
Heritage Hills $957/month
All of these neighborhoods fall below the city wide average of $1,638/month.Most expensive neighborhoods in Franklin Park?
Bouldin Creek $2,629/month
Downtown Austin $3,293/month
West University $3,508/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 | $3,508 |
| Downtown Austin | $3,293 |
| Bouldin Creek | $2,629 |
| Central East Austin | $2,484 |
| SoCo | $2,385 |
| Clarksville | $2,320 |
| Tarrytown West Austin | $2,285 |
| Mueller | $2,271 |
| Westlake | $2,263 |
| Zilker | $2,160 |
| North University | $2,130 |
| Rosedale | $2,124 |
| Holly | $1,970 |
| The Triangle | $1,965 |
| East Cesar Chavez | $1,964 |
| Steiner Ranch | $1,963 |
| Travis Heights | $1,953 |
| Rosewood | $1,948 |
| Johnston Terrace | $1,897 |
| Govalle | $1,864 |
| Cedar Valley | $1,853 |
| Hancock | $1,846 |
| Bee Cave Woods | $1,794 |
| Chestnut | $1,772 |
| North Burnet | $1,760 |
| Long Canyon | $1,722 |
| Barton Hills | $1,710 |
| Pilot Knob | $1,690 |
| Oak Hill | $1,666 |
| North Point | $1,659 |
| Highland | $1,659 |
| Brentwood | $1,635 |
| Allandale | $1,618 |
| Bluebell Ridge | $1,616 |
| The Woodlands | $1,598 |
| Martin Luther King | $1,595 |
| Crestview | $1,595 |
| Angus Valley | $1,593 |
| River Place | $1,573 |
| Avery Ranch | $1,564 |
| Galindo | $1,561 |
| Northwood | $1,544 |
| Pecan Springs Springdale | $1,543 |
| Bauerle Ranch | $1,537 |
| Montopolis | $1,532 |
| South Congress | $1,527 |
| Apache Shores | $1,499 |
| South Lamar | $1,496 |
| Jester Estates | $1,494 |
| North Loop | $1,470 |
| The Oak at Twin Creeks | $1,459 |
| Gateway | $1,457 |
| Pioneer Crossing | $1,454 |
| Buckingham Estates | $1,447 |
| Canyon Creek | $1,433 |
| McKinney Heights | $1,432 |
| North Shoal Creek | $1,428 |
| Great Hills | $1,425 |
| Scofield Farms | $1,422 |
| River Oaks | $1,407 |
| Tanglewood Oaks | $1,407 |
| Dawson | $1,389 |
| Bluff Springs | $1,384 |
| Milwood | $1,380 |
| Garrison Park | $1,372 |
| Windsor Park | $1,369 |
| East Riverside - Oltorf | $1,365 |
| Upper Boggy Creek | $1,358 |
| Copperfield | $1,347 |
| Gracywoods | $1,341 |
| Anderson Mill - Jollyville | $1,332 |
| Hyde Park | $1,315 |
| Olympic Heights | $1,313 |
| Walnut Crossing | $1,292 |
| Onion Creek | $1,280 |
| Harris Ridge | $1,270 |
| Balcones Woods | $1,258 |
| Northwest Hills | $1,189 |
| Wooten | $1,176 |
| Franklin Park | $1,171 |
| Promontory Point | $1,142 |
| University Hills | $1,100 |
| St Johns | $1,097 |
| South Manchaca | $1,097 |
| North Lamar | $1,085 |
| Windsor Hills | $1,079 |
| Westgate | $1,071 |
| North Civic Association | $1,062 |
| Heritage Hills | $957 |
| Georgian Acres | $934 |
| Mesa Park | $877 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 28% lower than in Allandale
$1,171
Franklin Park rent is the same as Austin average
Average Rent
$1,171
$1,618
Allandale rent is 38% higher than Austin average
Average Rent
$1,618
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.