Cheap Apartments for Rent in the Franklin Park Neighborhood of Austin, TX from $500 (94 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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Foxwood
$980 - $1,580
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$980 - $1,580
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1 to 2 Bedroom Apartments Available Now

Foxwood

6503 Bluff Springs RdAustin, TX 78744
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Hillside on Cannon
Rent Specials
$1,055 - $1,917
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$1,055 - $1,917
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2 to 4 Bedroom Apartments Available Now

Hillside on Cannon

2302 E William Cannon DrAustin, TX 78744
Furnished
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  • Low Income
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Prospect
Rent Specials
$1,079 - $2,599
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$1,079 - $2,599
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Studio to 2 Bedroom Apartments Available Now

Prospect

122 Sheraton AveAustin, TX 78745
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property at 212 Lessin Ln

$1,150

Studio To 1 Bedroom Rentals

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212 Lessin Ln

AustinTX78704
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Avana SoCo
Rent Specials
$1,164 - $11,382
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$1,164 - $11,382
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1 to 3 Bedroom Apartments Available Now

Avana SoCo

401 Little Texas LnAustin, TX 78745
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The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

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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 Retreat at North Bluff priced from $553. Coppertree Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here are the most affordable Franklin Park apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Retreat at North BluffA21BR,1BA$553
Coppertree Apartment HomesCoventry1BR,1BA$649
Eastern Oaks2A2BR,2BA$650
EKOS City Heights1x11BR,1BA$674
Capitol CrossingOne Bedroom (A5)1BR,1BA$686
Chevy Chase Downs1BR/1BA1BR,1BA$799
Carson Creek Duplexes2A2BR,2BA$800
Terra ApartmentsA1BR,1BA$816
Logans MillA1A The Madison1BR,1BA$827
Terrace CoveA11BR,1BA$829

Best Value Apartments for Rent in Franklin Park, TX

As of May 19, 2026 the best value apartment in the Franklin Park area is the $1.05 price per square foot 3 Bedroom 2 Bath Model at Acclaim at South Congress in the in the Riverside neighborhood starting from $1,299. The second greatest value Franklin Park apartment is the 4x2 Model at Hillside on Cannon starting at $1,592 with a $1.33 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Hillside on Cannon4x24BR,2BA$1.33
Kingfisher CreekThree Bedroom Flat3BR,2BA$1.17
Bluff Springs TownhomesC12BR,2BA$1.22
Eastern Oaks2A2BR,2BA$0.84
Chevy Chase Downs2BR/1.5BA2BR,1.5BA$1.29
Capitol CrossingOne Bedroom (A1, A2 & A3)1BR,1BA$0.94
Polaris on the Park - Renovated Apartments. Best prices in South Austin.1 Bedroom1BR,1BA$1.32
Spring Villas- Income RestrictedA11BR,1BA$1.26
Coppertree Apartment HomesCamden1BR,1BA$1.34

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #63

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

Pet Friendliness Lifestyle Score

4.0
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.

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 $829.

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

The cheapest apartment in Franklin Park is Retreat at North Bluff which is listed at $553, while the average apartment in Franklin Park costs $7,646.

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 293 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 $652 which is $6,994 cheaper than the average rent for all rentals in Franklin Park.

Expert Rental Resources

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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