Average Rent in MLK, Austin, TX

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Current Versus Historical MLK, Austin, TX Rents

MLK rentals average $1,721 for a 1-bedroom rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $2,375, or roughly $26 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have increased by $510 (35.07%) year-over-year from $1,455 to $1,965. 1-bedroom rentals prices have decreased by $184 (-9.68%) year-over-year from $1,901 to $1,717. 2-bedroom rentals prices have decreased by $123 (-4.65%) year-over-year from $2,654 to $2,531. 3-bedroom rentals prices have increased by $52 (1.58%) year-over-year from $3,270 to $3,322. 4-bedroom rentals prices have decreased by $289 (-8.28%) year-over-year from $3,489 to $3,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 7.30% this month. 1-bedroom rents have gone down by 13.02% this month. 2-bedroom rents have gone down by 7.57% this month. 3-bedroom rents have gone up by 3.01% this month. 4-bedroom rents have gone down by 18.64% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$30.44	$1,717	$1,901 (-9.68%)	$1,450 (18.41%)
2 BR	$26.86	$2,531	$2,654 (-4.65%)	$1,992 (27.05%)
3 BR	$23.12	$3,322	$3,270 (1.58%)	$3,068 (8.25%)
4+ BR	$22.18	$3,200	$3,489 (-8.28%)	$3,525 (-9.23%)

Historical Rents in MLK, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near MLK

There are a total of 17 cities nearby MLK. The average rent in MLK is currently $2,000 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near MLK, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,300 per month.

Let's compare MLK, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 25.04% more expensive. Two bedrooms in MLK, Austin, TX are about 35.66% more expensive. Finally, rent for three bedrooms are about 40.17% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near MLK, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Manor, TX	N/A	$1,449	$1,723	$1,995
Jollyville, TX	N/A	N/A	$1,450	$1,995
Lago Vista, TX	N/A	$1,350	$1,395	$2,000
Austin, TX	$1,446	$1,450	$1,878	$2,000
Round Rock, TX	$1,550	$1,651	$1,550	$2,075
Hutto, TX	$1,103	$1,230	$1,599	$2,100
Pflugerville, TX	N/A	$1,191	$1,650	$2,150
Cedar Park, TX	$2,075	$1,353	$1,533	$2,250
Brushy Creek, TX	N/A	$1,319	$1,875	$2,395
Lakeway, TX	N/A	N/A	$1,895	$3,300

Top Neighborhoods Near MLK

There are a total of 32 neighborhoods in or near MLK. Some of these neighborhoods include St. Johns, North University, and Parker Lane. We've included the top 30 neighborhoods out of 32 total neighborhoods in or near MLK, Austin, TX in the following table.

The average rent for these 30 neighborhoods in or near MLK, Austin, TX is currently around $1,971 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $1,971. Interestingly, the neighborhoods' average rent is less than MLK's average rent, which is actually $2,375. Out of all the neighborhoods in or near MLK, St. Johns has the most affordable average rent at $1,230 per month. Whereas, at $3,150 average rent per month, Downtown Austin is the most expensive neighborhood in or near MLK. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
St. Johns, Austin, TX	$1,000	$1,149	$1,500	$1,230
North University, Austin, TX	$1,000	$1,100	$1,650	$1,250
Parker Lane, Austin, TX	$701	$975	$1,570	$1,250
Hyde Park, Austin, TX	$925	$1,125	$1,450	$1,400
Westgate, Austin, TX	$650	$1,149	$1,495	$1,493
North Austin, Austin, TX	$985	$937	$1,350	$1,495
West University, Austin, TX	$973	$1,100	$1,750	$1,500
Hancock, Austin, TX	$1,450	$1,195	$1,695	$1,549
Brentwood, Austin, TX	$1,414	$1,558	$2,095	$1,600
Riverside, Austin, TX	$1,252	$1,545	$1,845	$1,634
Highland, Austin, TX	$1,764	$1,397	$1,776	$1,715
North Burnet, Austin, TX	$1,450	$1,774	$2,529	$1,803
Sweetbriar, Austin, TX	$1,514	$1,404	$1,978	$1,829
Pleasant Valley, Austin, TX	$1,460	$1,356	$2,050	$1,831
Windsor Park, Austin, TX	$1,603	$1,616	$1,625	$1,937
South Lamar, Austin, TX	$1,510	$1,751	$1,995	$1,969
North Loop, Austin, TX	$1,050	$1,372	$1,898	$2,000
Johnston Terrace, Austin, TX	$1,860	$1,813	$2,432	$2,074
Old West Austin, Austin, TX	$1,824	$1,978	$2,802	$2,086
Montropolis, Austin, TX	$1,300	$1,370	$2,010	$2,150
East Cesar Chavez, Austin, TX	$1,661	$1,989	$2,671	$2,269
South River City, Austin, TX	$1,780	$1,550	$2,573	$2,306
Zilker, Austin, TX	$1,740	$2,010	$2,843	$2,338
MLK-183, Austin, TX	N/A	$1,493	$1,998	$2,398
Rosewood, Austin, TX	$1,527	$1,901	$2,750	$2,417
Govalle, Austin, TX	$1,601	$1,845	$2,625	$2,456
Central East Austin, Austin, TX	N/A	$2,120	$2,861	$2,500
Bouldin Creek, Austin, TX	$2,376	$2,033	$3,132	$2,995
RMMA, Austin, TX	$1,983	$2,102	$3,100	$3,036
Downtown Austin, Austin, TX	$1,908	$2,620	$3,879	$3,150

Top Counties Near MLK

There are a total of 16 counties located by MLK, Austin, TX. Some of these counties include Lockhart, TX, Austin, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,075. That's roughly around $15 per sqft. A total of 13 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. Its average rent per month is $1,625. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by MLK, Austin, TX.

In comparison, rent for one bedroom listings in MLK, Austin, TX is 23.82% more expensive than other counties nearby. Finally, rent for two bedrooms in MLK, Austin, TX is 33.23% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Lockhart, TX	$1,175	$968	$1,200	$1,625
Austin, TX	$1,446	$1,456	$1,900	$1,995
Kyle-Buda, TX	$1,198	$1,299	$1,700	$2,000
Cedar Creek-Red Rock, TX	N/A	$1,463	$1,679	$2,000
Northeast Travis, TX	N/A	$1,357	$1,801	$2,150
Round Rock-Georgetown, TX	$1,275	$1,319	$1,550	$2,150
Taylor, TX	$1,802	$1,303	$1,553	$2,150
Cedar Park-Liberty Hill, TX	$1,650	$1,428	$1,701	$2,200
Northwest Travis, TX	$1,603	$1,200	$1,586	$2,400
Southwest Travis, TX	$1,249	$1,432	$1,793	$3,300

Top Zipcodes Near MLK

There are a total of 42 zipcodes in or near MLK, Austin, TX. The average rent for all of these zipcodes is $2,004. A total of 36 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78752, Austin, TX at $1,395 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,294. That's at least $28 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near MLK, Austin, TX is $1,327 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,705 per month. Which comes out to $19 per sqft. The following table includes the top 10 zipcodes in MLK, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
78722, Austin, TX	$1,501	$1,857	$1,950	$1,950
78721, Austin, TX	$1,797	$1,811	$2,400	$2,355
78702, Austin, TX	$1,601	$1,843	$2,665	$2,400
78723, Austin, TX	$1,910	$1,736	$2,029	$2,195
78705, Austin, TX	$1,000	$1,125	$1,700	$1,400
78751, Austin, TX	$950	$1,150	$1,900	$1,900
78701, Austin, TX	$1,908	$2,620	$3,879	$3,130
78752, Austin, TX	$1,676	$1,165	$1,600	$1,395
78741, Austin, TX	$890	$1,295	$1,873	$1,709
78756, Austin, TX	$1,429	$1,599	$2,100	$1,616

Frequently Asked Questions - MLK Average Rents

What is the average rent price in MLK, Austin, TX?

The average monthly rental price for MLK, Austin, TX apartments for rent is approximately $2,375. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do MLK, Austin, TX rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in MLK, Austin, TX.

How much is a one bedroom apartment in MLK, Austin, TX?

The average monthly rental price for one bedroom apartments is $1,721 and an average price per square feet of $30.44. There are a total of 30 one bedroom apartment listings currently available for rent in MLK.

How much is a two bedroom apartment in MLK, Austin, TX?

The average monthly rental price for two bedroom apartments is $2,531 and an average price per square feet of $26.86. There are a total of 28 two bedroom apartment listings currently available for rent in MLK.

How have rent prices in MLK, Austin, TX changed this year?

Rent prices for rentals in MLK, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.35%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in MLK, Austin, TX?

A reasonable rent price in MLK, Austin, TX is around $1,900/month. You can search for these reasonably priced rental listings on RentHop.