Average Rent in MLK, Austin, TX

Home » TX » Austin » MLK

Current Versus Historical MLK, Austin, TX Rents

MLK rentals average $1,965 for a studio rental to $2,850 for a 4-bedroom rental. The median price of all currently available listings is $2,450, or roughly $25 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $485 (32.80%) year-over-year from $1,480 to $1,965. 1-bedroom rentals prices have increased by $430 (22.75%) year-over-year from $1,890 to $2,320. 2-bedroom rentals prices have decreased by $135 (-5.12%) year-over-year from $2,634 to $2,500. 3-bedroom rentals prices have increased by $571 (18.86%) year-over-year from $3,029 to $3,600. 4-bedroom rentals prices have decreased by $373 (-11.56%) year-over-year from $3,223 to $2,850. 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 5.12% this month. 1-bedroom rents have gone up by 8.31% this month. 2-bedroom rents have gone down by 6.90% this month. 3-bedroom rents have gone up by 3.55% this month. 4-bedroom rents have gone down by 7.57% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$27.69	$1,965	$1,480 (32.80%)	$1,399 (40.44%)
1 BR	$39.27	$2,320	$1,890 (22.75%)	$1,373 (68.97%)
2 BR	$27.42	$2,500	$2,634 (-5.12%)	$2,578 (-3.06%)
3 BR	$22.88	$3,600	$3,029 (18.86%)	$2,931 (22.81%)
4+ BR	$21.39	$2,850	$3,223 (-11.56%)	$3,454 (-17.49%)

Historical Rents in MLK, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near MLK

There are a total of 19 cities nearby MLK. The average rent in MLK is currently $1,935 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that Lockhart, TX, with an average rent of $1,485, 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 $2,800 per month.

Let's compare MLK, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 42.58% more expensive. Two bedrooms in MLK, Austin, TX are about 41.50% more expensive. Finally, rent for three bedrooms are about 40.91% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near MLK, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Wells Branch, TX	$1,773	$979	$1,425	$1,500
Jollyville, TX	N/A	$1,195	$1,425	$1,713
Manor, TX	N/A	$1,804	$2,330	$1,855
Austin, TX	$1,534	$1,408	$1,750	$1,935
Elgin, TX	N/A	$857	$1,285	$1,975
Round Rock, TX	$1,186	$1,414	$1,445	$1,995
Pflugerville, TX	N/A	$1,405	$1,612	$2,100
Cedar Park, TX	N/A	$1,131	$1,355	$2,150
Brushy Creek, TX	N/A	$1,514	$1,463	$2,288
Lakeway, TX	N/A	$981	$2,048	$2,800

Top Neighborhoods Near MLK

There are a total of 30 neighborhoods in or near MLK. Some of these neighborhoods include Hyde Park, Parker Lane, and St. Johns. We've included all of these top 30 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 $1,792 per month. A total of 26 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,792. Interestingly, the neighborhoods' average rent is less than MLK's average rent, which is actually $2,450. Out of all the neighborhoods in or near MLK, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $3,455 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
Hyde Park, Austin, TX	$912	$998	$1,500	$1,200
Parker Lane, Austin, TX	$865	$1,065	$1,445	$1,265
St. Johns, Austin, TX	$819	$950	$1,250	$1,395
North University, Austin, TX	$825	$999	$1,675	$1,450
Highland, Austin, TX	$1,213	$1,330	$1,715	$1,493
West University, Austin, TX	$1,200	$980	$1,693	$1,495
Pleasant Valley, Austin, TX	N/A	$975	$1,881	$1,495
North Austin, Austin, TX	$985	$899	$1,300	$1,500
Garrison Park, Austin, TX	$920	$899	$1,424	$1,575
Windsor Park, Austin, TX	$914	$1,097	$1,349	$1,595
East Oak Hill, Austin, TX	$1,210	$1,294	$1,629	$1,639
Riverside, Austin, TX	$1,226	$1,520	$1,861	$1,678
Crestview, Austin, TX	$1,260	$1,600	$1,875	$1,714
Hancock, Austin, TX	$1,372	$1,200	$1,845	$1,740
Brentwood, Austin, TX	$1,271	$1,096	$1,850	$1,750
North Burnet, Austin, TX	$1,408	$1,516	$2,280	$1,834
West Oak Hill, Austin, TX	N/A	$1,314	$1,695	$1,893
South River City, Austin, TX	$1,553	$1,438	$2,050	$1,902
Sweetbriar, Austin, TX	$1,840	$1,564	$2,095	$1,949
South Lamar, Austin, TX	$1,149	$1,700	$2,000	$1,969
North Loop, Austin, TX	$1,074	$1,258	$2,062	$1,975
Montropolis, Austin, TX	N/A	$1,850	$1,950	$2,000
RMMA, Austin, TX	$977	$1,724	$2,235	$2,050
East Cesar Chavez, Austin, TX	$1,564	$1,850	$2,668	$2,075
Old West Austin, Austin, TX	$1,681	$1,895	$2,865	$2,207
MLK-183, Austin, TX	$1,396	$1,504	$2,400	$2,300
Govalle, Austin, TX	$1,486	$1,724	$2,464	$2,464
Central East Austin, Austin, TX	$1,425	$1,750	$2,895	$2,511
Zilker, Austin, TX	$1,855	$2,565	$2,800	$2,707
Downtown Austin, Austin, TX	$2,067	$2,490	$3,785	$3,455

Top Counties Near MLK

There are a total of 18 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 $1,959. That's roughly around $14 per sqft. A total of 16 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. Its average rent per month is $1,493. Vice versa, with an average rent of $2,800, Dripping Springs-Wimberley, TX is the most expensive county by MLK, Austin, TX.

Typically, rent for studios in MLK, Austin, TX is 46.08% more expensive than other counties nearby. In comparison, rent for one bedroom listings in MLK, Austin, TX is 44.11% more expensive than other counties nearby. Finally, rent for two bedrooms in MLK, Austin, TX is 34.00% 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	$1,170	$1,200	$1,493
Austin, TX	$1,543	$1,421	$1,795	$1,945
Kyle-Buda, TX	$1,830	$1,700	$1,846	$1,950
Northwest Travis, TX	$1,353	$1,249	$1,544	$1,968
Cedar Creek-Red Rock, TX	$1,000	$1,459	$1,679	$1,995
Round Rock-Georgetown, TX	$1,141	$1,361	$1,475	$2,050
Northeast Travis, TX	$1,119	$1,769	$1,666	$2,080
Taylor, TX	$1,863	$1,118	$1,550	$2,100
Cedar Park-Liberty Hill, TX	$1,514	$1,240	$1,650	$2,195
Southwest Travis, TX	N/A	$2,075	$1,895	$2,750

Top Zipcodes Near MLK

There are a total of 48 zipcodes in or near MLK, Austin, TX. The average rent for all of these zipcodes is $1,898. A total of 44 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 76549, Southwest Bell, TX at $1,225 per month. In comparison, the zipcode with the most expensive average rent of $4,275 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,049. 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 $1,341 per month. Or in other words, $21 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,600 per month. Which comes out to $18 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	$1,390	$1,633	$1,775	$1,876
78721, Austin, TX	$1,765	$2,248	$2,500	$2,400
78702, Austin, TX	$1,551	$1,843	$2,626	$2,461
78723, Austin, TX	$1,144	$1,595	$1,600	$1,864
78705, Austin, TX	$1,050	$1,075	$1,695	$1,500
78751, Austin, TX	$912	$1,055	$1,900	$1,695
78701, Austin, TX	$2,067	$2,490	$3,785	$3,449
78752, Austin, TX	$1,092	$1,295	$1,467	$1,500
78741, Austin, TX	$895	$1,353	$1,667	$1,603
78756, Austin, TX	$1,333	$1,500	$1,875	$1,925

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 $2,450. 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 $1,965 and an average price per square feet of $27.69. There are a total of 4 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 $2,343 and an average price per square feet of $39.27. There are a total of 26 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 $2,500 and an average price per square feet of $27.42. There are a total of 23 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 0.33%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by 0.19% year-over-year.

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

A reasonable rent price in MLK, Austin, TX is around $1,960/month. You can search for these reasonably priced rental listings on RentHop.