Franklin Park, Austin, TX Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,198, a 5.87% decrease compared to the previous year, when the average rent was $1,273.
One-bedroom apartments provide 632 square feet for $1,062, balancing privacy and affordability.
Two-beedroom units at $1,351 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: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,198 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,062 | 632 sq. ft. |
| 2 Beds | $1,351 | 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 5.87% over the past year. The average rent moved from $1,273 to $1,198.
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?
1,210 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?
Mesa Park $915/month
Heritage Hills $981/month
Georgian Acres $992/month
All of these neighborhoods fall below the city wide average of $1,638/month.Most expensive neighborhoods in Franklin Park?
Bouldin Creek $2,656/month
Downtown Austin $3,227/month
West University $3,542/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 | $3,542 |
| Downtown Austin | $3,227 |
| Bouldin Creek | $2,656 |
| Central East Austin | $2,554 |
| SoCo | $2,370 |
| Clarksville | $2,320 |
| Mueller | $2,264 |
| Westlake | $2,247 |
| Tarrytown West Austin | $2,215 |
| Zilker | $2,159 |
| Rosedale | $2,126 |
| Rosewood | $2,011 |
| Holly | $2,009 |
| The Triangle | $2,006 |
| East Cesar Chavez | $2,002 |
| Travis Heights | $1,963 |
| Steiner Ranch | $1,927 |
| Govalle | $1,921 |
| Johnston Terrace | $1,884 |
| Hancock | $1,870 |
| Bee Cave Woods | $1,804 |
| Cedar Valley | $1,743 |
| North Burnet | $1,723 |
| Highland | $1,709 |
| Barton Hills | $1,698 |
| Bluebell Ridge | $1,636 |
| North Point | $1,636 |
| Oak Hill | $1,633 |
| Long Canyon | $1,629 |
| Brentwood | $1,629 |
| Martin Luther King | $1,618 |
| Crestview | $1,610 |
| The Woodlands | $1,584 |
| Bauerle Ranch | $1,582 |
| Avery Ranch | $1,581 |
| McKinney | $1,578 |
| Angus Valley | $1,577 |
| Northwood | $1,571 |
| South Lamar | $1,541 |
| Pecan Springs Springdale | $1,540 |
| Galindo | $1,535 |
| River Place | $1,524 |
| Apache Shores | $1,524 |
| Montopolis | $1,514 |
| McKinney Heights | $1,507 |
| Olympic Heights | $1,505 |
| South Congress | $1,494 |
| The Oak at Twin Creeks | $1,476 |
| Jester Estates | $1,474 |
| Buckingham Estates | $1,473 |
| Gateway | $1,472 |
| Allandale | $1,469 |
| North Loop | $1,468 |
| Pioneer Crossing | $1,447 |
| Scofield Farms | $1,436 |
| River Oaks | $1,428 |
| Canyon Creek | $1,422 |
| North Shoal Creek | $1,415 |
| Bluff Springs | $1,407 |
| Tanglewood Oaks | $1,406 |
| Windsor Park | $1,402 |
| Upper Boggy Creek | $1,396 |
| Great Hills | $1,384 |
| Milwood | $1,380 |
| Gracywoods | $1,367 |
| East Riverside - Oltorf | $1,363 |
| Dawson | $1,339 |
| Anderson Mill - Jollyville | $1,331 |
| Hyde Park | $1,327 |
| Garrison Park | $1,324 |
| Copperfield | $1,318 |
| Harris Ridge | $1,304 |
| Onion Creek | $1,299 |
| Walnut Crossing | $1,269 |
| Balcones Woods | $1,214 |
| Franklin Park | $1,198 |
| Northwest Hills | $1,185 |
| Promontory Point | $1,159 |
| St Johns | $1,147 |
| Windsor Hills | $1,129 |
| South Manchaca | $1,126 |
| University Hills | $1,126 |
| North Lamar | $1,118 |
| North Civic Association | $1,098 |
| Westgate | $1,090 |
| Georgian Acres | $992 |
| Heritage Hills | $981 |
| Mesa Park | $915 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 18% lower than in Allandale
$1,198
Franklin Park rent is the same as Austin average
Average Rent
$1,198
$1,469
Allandale rent is 23% higher than Austin average
Average Rent
$1,469
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.