Franklin Park, Austin, TX Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $1,196, a 6.41% decrease compared to the previous year, when the average rent was $1,278.
One-bedroom apartments provide 632 square feet for $1,057, balancing privacy and affordability.
Two-beedroom 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: June 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,196 | 797 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,057 | 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 6.41% over the past year. The average rent moved from $1,278 to $1,196.
What's the typical rent budget in Franklin Park, Austin, TX?
The largest share of rentals in Franklin Park, Austin, TX (60%) 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 $948/month
Georgian Acres $965/month
Heritage Hills $976/month
All of these neighborhoods fall below the city wide average of $1,636/month.Most expensive neighborhoods in Franklin Park?
Bouldin Creek $2,671/month
Downtown Austin $3,247/month
West University $3,562/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 | $3,562 |
| Downtown Austin | $3,247 |
| Bouldin Creek | $2,671 |
| Central East Austin | $2,563 |
| SoCo | $2,393 |
| Clarksville | $2,325 |
| Mueller | $2,262 |
| North University | $2,260 |
| Westlake | $2,259 |
| Tarrytown West Austin | $2,225 |
| Zilker | $2,145 |
| Rosedale | $2,129 |
| The Triangle | $2,023 |
| Rosewood | $2,008 |
| Holly | $2,002 |
| East Cesar Chavez | $1,996 |
| Travis Heights | $1,979 |
| Johnston Terrace | $1,941 |
| Steiner Ranch | $1,935 |
| Govalle | $1,909 |
| Hancock | $1,870 |
| Bee Cave Woods | $1,816 |
| Pilot Knob | $1,742 |
| Cedar Valley | $1,738 |
| North Burnet | $1,726 |
| Barton Hills | $1,698 |
| Highland | $1,679 |
| Oak Hill | $1,646 |
| Long Canyon | $1,645 |
| Brentwood | $1,638 |
| Bluebell Ridge | $1,624 |
| North Point | $1,615 |
| Chestnut | $1,611 |
| Crestview | $1,608 |
| Martin Luther King | $1,594 |
| Bauerle Ranch | $1,593 |
| Angus Valley | $1,583 |
| Avery Ranch | $1,577 |
| Northwood | $1,562 |
| The Woodlands | $1,547 |
| South Lamar | $1,539 |
| Galindo | $1,534 |
| River Place | $1,532 |
| Pecan Springs Springdale | $1,531 |
| Apache Shores | $1,531 |
| Montopolis | $1,508 |
| Olympic Heights | $1,504 |
| McKinney Heights | $1,485 |
| Jester Estates | $1,480 |
| South Congress | $1,478 |
| Allandale | $1,472 |
| Gateway | $1,471 |
| North Loop | $1,462 |
| Buckingham Estates | $1,459 |
| The Oak at Twin Creeks | $1,443 |
| Pioneer Crossing | $1,442 |
| Scofield Farms | $1,434 |
| River Oaks | $1,431 |
| Canyon Creek | $1,423 |
| North Shoal Creek | $1,417 |
| Tanglewood Oaks | $1,407 |
| Bluff Springs | $1,401 |
| Great Hills | $1,395 |
| Upper Boggy Creek | $1,391 |
| Windsor Park | $1,391 |
| Gracywoods | $1,367 |
| East Riverside - Oltorf | $1,357 |
| Milwood | $1,354 |
| Garrison Park | $1,334 |
| Hyde Park | $1,325 |
| Anderson Mill - Jollyville | $1,325 |
| Dawson | $1,325 |
| Copperfield | $1,324 |
| Onion Creek | $1,297 |
| Harris Ridge | $1,293 |
| Walnut Crossing | $1,278 |
| Balcones Woods | $1,242 |
| Franklin Park | $1,196 |
| Northwest Hills | $1,181 |
| Wooten | $1,172 |
| Promontory Point | $1,158 |
| South Manchaca | $1,128 |
| St Johns | $1,117 |
| North Lamar | $1,107 |
| University Hills | $1,107 |
| Windsor Hills | $1,103 |
| North Civic Association | $1,094 |
| Westgate | $1,083 |
| Heritage Hills | $976 |
| Georgian Acres | $965 |
| Mesa Park | $948 |
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Austin | Rent Comparison by Neighborhood
Rent in Franklin Park is 19% lower than in Allandale
$1,196
Franklin Park rent is the same as Austin average
Average Rent
$1,196
$1,472
Allandale rent is 23% higher than Austin average
Average Rent
$1,472
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.