
Cheap Apartments for Rent in the Franklin Park Neighborhood of Austin, TX from $600 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Park area of Austin.


Coppertree

Terrace Cove

Private bedroom in 3 bed/2 bath Home

Foxwood

Private bedroom in 3 bed/2 bath Home

Cannon South

Acclaim at South Congress
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.

Centennial Place Apartments

Terra Apartments

Saratoga Ridge

Private bedroom in 3 bed/2 bath Home

Willow Brook Apartments

Terrain Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Tramor at Oak Bend

Polaris on the Park - Renovated Apartments

McKinney Falls Apartments

Stassney at SoCo

1301 W Ben White Blvd

Bexley 3FIVE

Treehouse Apartments

RETREAT AT NORTH BLUFF

Logans Mill
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Hillside on Cannon

2201 E William Cannon Dr

The Arts Apts At South Austin

Capitol Crossing

Sierra Vista

Prospect

Alma Woodward

Spring Villas

Ekos City Heights

V at SoCo
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

Waters at Bluff Springs

Bexley SoCo

The Aspect

44 South

5402 Ponciana Dr
Franklin Park, Austin, TX Local Guide

How much does it cost to rent an apartment in Franklin Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Park Studio Apartments | $1,201 | $867 | $1,395 |
Franklin Park 1 Bedroom Apartments | $1,295 | $729 | $4,427 |
Franklin Park 2 Bedroom Apartments | $1,705 | $999 | $5,766 |
Franklin Park 3 Bedroom Apartments | $1,925 | $700 | $8,425 |
Franklin Park 4 Bedroom Apartments | $2,067 | $1,716 | $2,276 |
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 2 mile radius of the Franklin Park Neighborhood of Austin, TX.
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Franklin Park, Austin, TX Local Guide
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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 Grace Woods priced from $679. Terrace Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Franklin Park apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grace Woods | A2 | 1BR,1BA | $679 |
Terrace Cove | A1 | 1BR,1BA | $749 |
Coppertree | Coventry | 1BR,1BA | $769 |
Chevy Chase Downs | 1BR/1BA | 1BR,1BA | $799 |
Foxwood | A1 | 1BR,1BA | $819 |
Cannon South | Efficiency/393 1st Floor | Studio,1BA | $867 |
Ethos Apartments | A1 | 1BR,1BA | $873 |
Acclaim at South Congress | 1b1bHblc | 1BR,1BA | $875 |
Broadway Condominiums | Broadway 1 bedroom | 1BR,1BA | $875 |
Centennial Place Apartments | Eff | 1BR,1BA | $890 |
Best Value Apartments for Rent in Franklin Park, TX
As of June 03, 2025 the best value apartment in the Franklin Park area is the $1.36 price per square foot B3IR Model at The Aspect in the in the Oltorf-East Riverside neighborhood starting from $1,600. The second greatest value Franklin Park apartment is the 3x2ApT1 Model at Hillside on Cannon starting at $1,481 with a $1.44 price per square foot in the Southeast Austin neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Aspect | B3IR | 2BR,2BA | $1.36 |
Hillside on Cannon | 3x2ApT1 | 3BR,2BA | $1.44 |
Saratoga Ridge | B1 | 2BR,1BA | $1.46 |
Stassney at SoCo | 2.2A | 2BR,2BA | $1.23 |
Coppertree | Cromwell | 2BR,2BA | $1.33 |
Capitol Crossing | One Bedroom (A1, A2 & A3) | 1BR,1BA | $1.47 |
Polaris on the Park - Renovated Apartments | 1 Bedroom | 1BR,1BA | $1.39 |
Ethos Apartments | A1 | 1BR,1BA | $1.40 |
Foxwood | A1 | 1BR,1BA | $1.44 |
Chevy Chase Downs | 1BR/1BA | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleFranklin Park, Austin, TX
Ranked #53
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $890.
What is the price of a cheap apartment in Franklin Park?
The cheapest apartment in Franklin Park is Grace Woods which is listed at $679, while the average apartment in Franklin Park costs $2,140.
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 171 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 $722 which is $1,418 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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.