Average Rent in MLK, Austin, TX

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Current Versus Historical MLK, Austin, TX Rents

MLK rentals average $1,564 for a studio rental to $4,300 for a 4-bedroom rental. The median price of all currently available listings is $2,562, or roughly $25 per square feet.
For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $109 (7.50%) year-over-year from $1,455 to $1,564. 1-bedroom rentals prices have increased by $299 (15.73%) year-over-year from $1,901 to $2,200. 2-bedroom rentals prices have decreased by $107 (-4.04%) year-over-year from $2,655 to $2,548. 3-bedroom rentals prices have decreased by $65 (-1.93%) year-over-year from $3,365 to $3,300. 4-bedroom rentals prices have increased by $384 (9.82%) year-over-year from $3,916 to $4,300. 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 2.75% this month. 1-bedroom rents have gone up by 3.37% this month. 2-bedroom rents have gone down by 1.80% this month. 3-bedroom rents have gone up by 5.98% this month. 4-bedroom rents have gone down by 0.77% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $40.51 $1,564 $1,455 (7.50%) $1,350 (15.85%)
1 BR $37.26 $2,200 $1,901 (15.73%) $1,424 (54.48%)
2 BR $25.18 $2,548 $2,655 (-4.04%) $1,790 (42.32%)
3 BR $23.56 $3,300 $3,365 (-1.93%) $3,130 (5.43%)
4+ BR $20.07 $4,300 $3,916 (9.82%) $3,913 (9.88%)

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 $1,995 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that San Marcos, TX, with an average rent of $1,658, 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 $2,987 per month.

Let's compare MLK, Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in MLK, Austin, TX is 41.56% more expensive than other cities nearby. One bedrooms are about 31.55% more expensive. Two bedrooms in MLK, Austin, TX are about 39.65% more expensive. Finally, rent for three bedrooms are about 33.38% 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
Jollyville, TX N/A $988 $1,395 $1,800
Lago Vista, TX N/A $1,338 $1,313 $1,900
Manor, TX $914 $1,200 $1,482 $1,950
Round Rock, TX $1,957 $1,305 $1,500 $1,995
Hutto, TX $1,086 $1,063 $1,556 $2,023
Austin, TX $1,653 $1,540 $2,000 $2,100
Pflugerville, TX $1,265 $1,648 $1,921 $2,100
Cedar Park, TX $1,534 $1,550 $1,733 $2,250
Brushy Creek, TX N/A $1,354 $1,899 $2,423
Lakeway, TX N/A N/A $1,995 $2,987

Top Neighborhoods Near MLK

There are a total of 28 neighborhoods in or near MLK. Some of these neighborhoods include Parker Lane, St. Johns, and North University. We've included all of these top 28 neighborhoods in or near MLK, Austin, TX in the following table.

The average rent for these 28 neighborhoods in or near MLK, Austin, TX is currently around $1,963 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $1,963. Interestingly, the neighborhoods' average rent is less than MLK's average rent, which is actually $2,562. Out of all the neighborhoods in or near MLK, Parker Lane has the most affordable average rent at $1,195 per month. Whereas, at $3,930 average rent per month, Bouldin Creek is the most expensive neighborhood in or near MLK. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Parker Lane, Austin, TX $701 $999 $1,363 $1,195
St. Johns, Austin, TX $999 $1,155 $1,500 $1,229
North University, Austin, TX $950 $1,150 $1,625 $1,250
Hyde Park, Austin, TX $899 $1,138 $1,725 $1,350
West University, Austin, TX $1,150 $1,200 $1,750 $1,450
North Austin, Austin, TX $1,156 $823 $1,325 $1,500
Riverside, Austin, TX $1,376 $1,390 $2,200 $1,645
Brentwood, Austin, TX $1,310 $1,350 $1,663 $1,650
Hancock, Austin, TX $1,700 $1,195 $1,910 $1,701
North Burnet, Austin, TX $1,491 $1,630 $2,185 $1,741
Pecan Springs Springdale, Austin, TX $1,495 $1,653 $2,173 $1,792
West Oak Hill, Austin, TX $1,600 $1,250 $1,505 $1,890
Windsor Park, Austin, TX $1,645 $1,574 $1,941 $1,941
Johnston Terrace, Austin, TX $1,366 $1,742 $2,420 $1,943
North Loop, Austin, TX $1,980 $1,255 $1,700 $1,983
South Lamar, Austin, TX $1,045 $1,759 $2,150 $2,050
East Cesar Chavez, Austin, TX $1,636 $1,944 $2,503 $2,090
Old West Austin, Austin, TX $1,847 $1,993 $2,802 $2,118
Montropolis, Austin, TX $1,300 $1,304 $1,940 $2,200
MLK-183, Austin, TX N/A $1,641 $2,250 $2,300
Rosewood, Austin, TX $1,613 $1,961 $2,500 $2,322
Govalle, Austin, TX $1,590 $1,828 $2,354 $2,343
Rosedale, Austin, TX $1,816 $2,200 $2,300 $2,450
Zilker, Austin, TX $1,790 $2,045 $2,923 $2,473
Central East Austin, Austin, TX $1,586 $2,183 $2,867 $2,550
RMMA, Austin, TX $1,908 $2,048 $2,915 $2,650
Downtown Austin, Austin, TX $2,010 $2,750 $3,829 $3,287
Bouldin Creek, Austin, TX $2,285 $2,800 $4,500 $3,930

Top Counties Near MLK

There are a total of 14 counties located by MLK, Austin, TX. Some of these counties include Lockhart, TX, Kyle-Buda, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $2,100. That's roughly around $15 per sqft. A total of 12 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. Its average rent per month is $1,695. Vice versa, with an average rent of $3,200, Southwest Travis, TX is the most expensive county by MLK, Austin, TX.

Typically, rent for studios in MLK, Austin, TX is 66.43% more expensive than other counties nearby. In comparison, rent for one bedroom listings in MLK, Austin, TX is 28.12% more expensive than other counties nearby. Finally, rent for two bedrooms in MLK, Austin, TX is 30.39% 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 N/A $875 $1,200 $1,695
Kyle-Buda, TX $1,050 $1,301 $1,850 $2,000
Cedar Creek-Red Rock, TX N/A $1,459 $1,697 $2,050
Austin, TX $1,653 $1,550 $2,050 $2,095
Northeast Travis, TX $1,230 $1,496 $1,844 $2,100
Round Rock-Georgetown, TX $1,629 $1,359 $1,600 $2,100
Taylor, TX $1,086 $1,125 $1,647 $2,125
Cedar Park-Liberty Hill, TX $1,501 $1,348 $1,750 $2,187
Northwest Travis, TX N/A $1,151 $1,495 $2,350
Southwest Travis, TX $1,600 $1,500 $1,875 $3,200

Top Zipcodes Near MLK

There are a total of 41 zipcodes in or near MLK, Austin, TX. The average rent for all of these zipcodes is $2,095. A total of 37 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 $1,285 per month. In comparison, the zipcode with the most expensive average rent of $5,100 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,200. That's at least $25 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 $1,345 per month. Or in other words, $22 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,737 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 $1,545 $1,932 $2,450 $2,114
78721, Austin, TX $1,347 $1,729 $2,420 $2,190
78702, Austin, TX $1,615 $1,882 $2,534 $2,330
78723, Austin, TX $1,786 $1,799 $2,195 $2,112
78705, Austin, TX $1,150 $1,195 $1,763 $1,450
78751, Austin, TX $950 $1,150 $1,848 $1,700
78701, Austin, TX $2,010 $2,726 $3,889 $3,289
78752, Austin, TX $999 $1,163 $1,500 $1,285
78741, Austin, TX $741 $1,200 $1,900 $1,730
78756, Austin, TX $1,078 $1,556 $2,248 $1,917

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 $2,562. 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 studio apartment in MLK, Austin, TX?
The average monthly rental price for studio apartments is $1,564 and an average price per square feet of $40.51. There are a total of 5 studio apartment listings currently available for rent in MLK.
How much is a one bedroom apartment in MLK, Austin, TX?
The average monthly rental price for one bedroom apartments is $1,883 and an average price per square feet of $37.26. There are a total of 13 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 $2,579 and an average price per square feet of $25.18. There are a total of 24 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 0.08%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by -0.04%, 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 $2,050/month. You can search for these reasonably priced rental listings on RentHop.
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