Cheap Apartments for Rent in the Franklin Park Neighborhood of Austin, TX from $600 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Franklin Park area of Austin.

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Whisper Hollow
Studio to 2 Bedroom Apartments

Whisper Hollow

3300 Parker LnAustin, TX 78741

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Franklin Park, Austin, TX Local Guide

Cheapest Available Franklin Park Apartments for Rent

 

The cheapest available apartment rental in the Franklin Park area of Austin, TX is a 1 Bed unit found at Sierra Vista priced from $672. Chevy Chase Downs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Franklin Park apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Sierra Vista1x11BR,1BA$672
Chevy Chase Downs1BR/1BA1BR,1BA$699
Bridge at South Point0/1pStudio,1BA$739
Terrace CoveA11BR,1BA$742
Treehouse ApartmentsThe 408Studio,1BA$768
MontecitoCedar1BR,1BA$805
CoppertreeCamden1BR,1BA$829
Princeton CondominiumsPrinceton 1st Floor1BR,1BA$850
Ethos ApartmentsA11BR,1BA$856
Logans MillA1A The Madison1BR,1BA$859

Best Value Apartments for Rent in Franklin Park, TX

As of November 19, 2025 the best value apartment in the Franklin Park area is the $1.38 price per square foot Three Bedroom (C1) Model at Capitol Crossing in the in the Southeast Austin neighborhood starting from $1,709. The second greatest value Franklin Park apartment is the 3 Bedroom 2 Bath Model at Acclaim at South Congress starting at $1,299 with a $1.05 price per square foot in the Riverside neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capitol CrossingThree Bedroom (C1)3BR,2BA$1.38
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Kingfisher Creek Apartments3 Beds, 2 baths3BR,2BA$1.20
Polaris on the Park - Renovated ApartmentsTownhouse2BR,1BA$1.42
Bridge at Canyon ViewB12BR,2BA$1.43
The AspectB1802BR,1BA$1.44
Ethos ApartmentsA21BR,1BA$1.34
Chevy Chase Downs2BR/1.5BA2BR,1.5BA$1.42
The Canopy at South Congress1 Bed Remodeled1BR,1BA$1.20
Saratoga RidgeA11BR,1BA$1.40

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Franklin Park, Austin, TX

Ranked #51

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for South Austin, TX. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Getting Around the Franklin Park Neighborhood in Austin, TX

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Franklin Park Apartments

What is a cheap apartment in Franklin Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin Park is under $859.

What is the price of a cheap apartment in Franklin Park?

The cheapest apartment in Franklin Park is Sierra Vista which is listed at $672, while the average apartment in Franklin Park costs $8,349.

What types of apartments are the cheapest in Franklin Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 373 regular apartments in Franklin Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Franklin Park?

Cheap apartments in Franklin Park have an average cost of $829 which is $7,520 cheaper than the average rent for all rentals in Franklin Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Austin, TX

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I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.