Grace Woods
3209 S IH 35,
Austin, TX 78741
$882 - $1,543
1-2 Beds
Area Guide
Parker Lane Austin, TX
The parks are spacious and the commuters are content in Parker Lane
Commuter
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Parks
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Suburban
Parker Lane is the ideal suburb with commuters. Not only is the neighborhood bounded by Interstate 35 and Highway 71, but the Austin-Bergstrom International Airport is five miles east, and Downtown Austin is five miles north. Whether you’re traveling into the city for work or play, or you’re planning some travel by air, Parker Lane is a premier place to put down roots.
If a quiet, affordable neighborhood is what you’re after, then look no further. Parker Lane is located directly east of Saint Edward’s University, and houses the Mabel Davis District Park, a sprawling area that’s home to one of Austin’s two skate parks, covering 12,000 square feet. Enjoy the park’s swimming pool, walking trails, basketball courts, and more!
Though the neighborhood is mainly residential, residents enjoy the variety of restaurants along Oltorf Street, along with the public bus stops, making getting around the area that much more convenient. More shopping and dining options await you just outside of Parker Lane along East Riverside Drive and near the University, especially along South Congress Avenue.
Rent Trends
As of August 2026, the average apartment rent in Parker Lane is $891 for a studio, $977 for one bedroom, $1,277 for two bedrooms, and $1,426 for three bedrooms. Apartment rent in Parker Lane has decreased by -1.6% in the past year.
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Studio
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448 sq ft
Average Sq Ft
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$891/month
Average Rent
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1 BR
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632 sq ft
Average Sq Ft
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$977/month
Average Rent
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2 BR
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950 sq ft
Average Sq Ft
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$1,277/month
Average Rent
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3 BR
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1,319 sq ft
Average Sq Ft
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$1,426/month
Average Rent
Learn More About Parker Lane
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Parker Lane - Austin, TX is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Limited Public Transit
Transit
30
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Moderately Bikeable
Bikeability
60
/ 100
Daily Essentials
Parker Lane - Austin, TX offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
60
/ 100
Great Restaurant Variety Nearby
Restaurants
80
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Parker Lane - Austin, TX provides green space and wellness resources in certain areas.
Very Large Amount of Park Space Nearby
Parks
80
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
40
/ 100
Local Vibe
Get a sense of what it’s like to live in Parker Lane - Austin, TX from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
30
/ 100
Good Nightlife Variety Nearby
Nightlife
60
/ 100
Not Noisy
Quiet Score
100
/ 100
Scores provided by
Reviews of Parker Lane - Austin, TX
Niche Reviews 
20 Reviews
Niche User
9 years and 11 months ago•Niche Review
The best job in this area is security.
Niche User
9 years and 11 months ago•Niche Review
It's a typical area within the city. not the best but not the worst. I wouldn't go out alone though.
Niche User
10 years and 3 months ago•Niche Review
I've lived here my whole life and there are many things to do here in the city but it is always important to not let your guard down while your alone.
Niche User
11 years ago•Niche Review
The economy is so bad
Points of Interest
Shopping Centers
Parks and Recreation
- Lady Bird Lake
- Blunn Creek Nature Preserve
- Boggy Creek Greenbelt
- Umlauf Sculpture Garden and Museum
- McKinney Falls State Park
Commuter Rail
Airports
- Austin-Bergstrom International
Top Apartments in Parker Lane
Houses for Rent in Parker Lane
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
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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.