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Area Guide

Franklin Park Austin, TX

An up-and-coming community on the cusp of Downtown Austin

Suburban Park-Like Family-Friendly

On the west side of McKinney Falls State Park along I-35 is where you’ll find Franklin Park, a charming suburban community that’s been housing renters since the 1970s. The neighborhood is dominated by ranch-style homes, some of which have received charming renovations as this part of Austin explodes with prospective tenants.

On Franklin Park’s southern border is the Williamson Creek Greenbelt, which snakes for miles throughout south Austin. The nearby state park puts further emphasis on how much this area values its green space. There are a number of fantastic, specialized schools that serve the area, making Franklin Park ideal for families. And with the Downtown Austin just six miles away, you’ll never be too far from the conveniences of the city.

Rent Trends

As of August 2026, the average apartment rent in Franklin Park is $1,037 for one bedroom, $1,368 for two bedrooms, and $1,676 for three bedrooms. Apartment rent in Franklin Park has increased by 2.3% in the past year.

  • 1 BR

  • 668 sq ft

    Average Sq Ft

  • $1,037/month

    Average Rent

  • 2 BR

  • 984 sq ft

    Average Sq Ft

  • $1,368/month

    Average Rent

  • 3 BR

  • 1,100 sq ft

    Average Sq Ft

  • $1,676/month

    Average Rent

Learn More About Franklin Park

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Moderately Drivable

Drivability

70 / 100

Fairly Bikeable

Bikeability

50 / 100

Daily Essentials

Supermarket Within a 10 Minute Walk

Groceries

80 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Limited Café Variety Nearby

Cafes

30 / 100

Fair Variety of Shops Nearby

Shopping

50 / 100

Recreation

Large Amount of Park Space Nearby

Parks

70 / 100

Limited Wellness Amenity Variety Nearby

Wellness

30 / 100

Local Vibe

Mostly Calm Atmosphere

Vibrancy

20 / 100

Fair Nightlife Variety Nearby

Nightlife

50 / 100

Not Noisy

Quiet Score

100 / 100

Points of Interest

Parks and Recreation

  • Onion Creek Greenbelt Park
  • Blunn Creek Nature Preserve
  • Goat Cave Nature Preserve
  • Lady Bird Lake
  • McKinney Falls State Park

Airports

  • Austin-Bergstrom International

Top Apartments in Franklin Park

Houses for Rent in Franklin Park

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.