Average Rent in Parker Lane, Austin, TX

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Current Versus Historical Parker Lane, Austin, TX Rents

Parker Lane rentals average $701 for a studio rental to $4,450 for a 4-bedroom rental. The median price of all currently available listings is $1,295, or roughly $20 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $298 (-29.83%) year-over-year from $999 to $701. 1-bedroom rentals prices have decreased by $96 (-8.77%) year-over-year from $1,095 to $999. 2-bedroom rentals prices have increased by $60 (4.13%) year-over-year from $1,440 to $1,500. 3-bedroom rentals prices have increased by $327 (13.22%) year-over-year from $2,473 to $2,800. 4-bedroom rentals prices have increased by $2,578 (76.43%) year-over-year from $3,373 to $5,950. 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 down by 11.68% this month. 1-bedroom rents have gone down by 3.43% this month. 2-bedroom rents have gone up by 6.80% this month. 3-bedroom rents have gone up by 26.45% this month. 4-bedroom rents have gone up by 43.95% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$20.62	$701	$999 (-29.83%)	$999 (-29.83%)
1 BR	$21.14	$999	$1,095 (-8.77%)	$1,170 (-14.59%)
2 BR	$18.19	$1,500	$1,440 (4.13%)	$1,360 (10.24%)
3 BR	$20.60	$2,800	$2,473 (13.22%)	$1,823 (53.59%)
4+ BR	$30.97	$5,950	$3,373 (76.43%)	$2,660 (123.68%)

Historical Rents in Parker Lane, Austin, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Parker Lane

There are a total of 16 cities nearby Parker Lane. The average rent in Parker Lane is currently $2,090 per month. Our records show that Lockhart, TX, with an average rent of $1,500, is the most affordable city nearby. In contrast, the most expensive city near Parker Lane, Austin, TX is Lakeway, TX. Monthly rents here are on average $3,300 per month.

Let's compare Parker Lane, Austin, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Parker Lane, Austin, TX is 54.74% more affordable than other cities nearby. One bedrooms are about 25.99% more affordable. Two bedrooms in Parker Lane, Austin, TX are about 9.22% more affordable. Finally, rent for three bedrooms are about 28.17% more expensive. Want more information? Check out the top 10 cities out of 16 total cities near Parker Lane, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Kyle, TX	$1,300	$1,240	$1,707	$1,907
Jollyville, TX	N/A	$1,279	$1,450	$1,913
Manor, TX	N/A	$1,570	$1,703	$1,995
Austin, TX	$1,450	$1,450	$1,899	$2,085
Round Rock, TX	$1,645	$1,651	$1,500	$2,095
Pflugerville, TX	N/A	$1,235	$1,650	$2,099
Lago Vista, TX	N/A	$1,413	$1,295	$2,150
Cedar Park, TX	$2,075	$1,095	$1,302	$2,248
Brushy Creek, TX	N/A	$1,337	$1,924	$2,350
Lakeway, TX	N/A	N/A	$1,863	$3,300

Top Neighborhoods Near Parker Lane

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

The average rent for these 28 neighborhoods in or near Parker Lane, Austin, TX is currently around $2,128 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $2,128. Interestingly, the neighborhoods' average rent is higher than Parker Lane's average rent, which is only $1,295. Out of all the neighborhoods in or near Parker Lane, North University has the most affordable average rent at $1,200 per month. Whereas, at $3,230 average rent per month, Downtown Austin is the most expensive neighborhood in or near Parker Lane. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North University, Austin, TX	$875	$1,000	$1,786	$1,200
St. Johns, Austin, TX	$987	$1,152	$1,509	$1,229
Hyde Park, Austin, TX	$875	$1,125	$1,657	$1,350
Westgate, Austin, TX	$650	$1,025	$1,495	$1,395
West University, Austin, TX	$990	$1,150	$1,750	$1,495
North Austin, Austin, TX	$985	$950	$1,350	$1,498
Hancock, Austin, TX	$1,575	$1,195	$1,695	$1,595
Riverside, Austin, TX	$1,379	$1,185	$2,207	$1,611
North Burnet, Austin, TX	$1,490	$1,774	$2,430	$1,774
South Lamar, Austin, TX	$1,074	$1,437	$1,825	$1,898
Garrison Park, Austin, TX	$995	$885	$1,495	$1,900
Windsor Park, Austin, TX	$1,910	$1,706	$1,695	$2,000
North Loop, Austin, TX	$1,020	$1,423	$1,799	$2,000
West Oak Hill, Austin, TX	$1,250	$1,268	$1,533	$2,125
Johnston Terrace, Austin, TX	$1,860	$1,816	$2,420	$2,130
Montropolis, Austin, TX	$1,300	$1,361	$1,999	$2,200
South River City, Austin, TX	$1,394	$1,500	$2,200	$2,211
Old West Austin, Austin, TX	$1,824	$1,978	$2,830	$2,255
East Cesar Chavez, Austin, TX	$1,675	$1,989	$2,600	$2,280
Govalle, Austin, TX	$1,608	$1,843	$2,584	$2,353
Zilker, Austin, TX	$1,745	$1,900	$2,756	$2,369
MLK-183, Austin, TX	N/A	$1,482	$2,250	$2,400
MLK, Austin, TX	$1,742	$1,717	$2,567	$2,400
Rosewood, Austin, TX	$1,513	$1,950	$2,800	$2,695
Bouldin Creek, Austin, TX	$2,376	$1,650	$3,141	$2,825
Central East Austin, Austin, TX	N/A	$2,128	$2,950	$2,865
RMMA, Austin, TX	$2,053	$2,258	$3,150	$3,091
Downtown Austin, Austin, TX	$2,150	$2,610	$3,915	$3,230

Top Counties Near Parker Lane

There are a total of 16 counties located by Parker Lane, Austin, TX. Some of these counties include Lockhart, TX, San Marcos, TX, and Kyle-Buda, TX. The average rent for rentals in these counties is $2,098. That's roughly around $14 per sqft. A total of one county has a lower average rent. The county that is the most affordable is San Antonio Northeast, TX. Its average rent per month is $1,120. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by Parker Lane, Austin, TX.

Typically, rent for studios in Parker Lane, Austin, TX is 72.93% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Parker Lane, Austin, TX is 29.79% more affordable than other counties nearby. Finally, rent for two bedrooms in Parker Lane, Austin, TX is 9.90% more affordable 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	$913	$1,225	$1,595
San Marcos, TX	$1,395	$975	$1,300	$1,791
Kyle-Buda, TX	$1,300	$1,290	$1,733	$2,000
Cedar Creek-Red Rock, TX	N/A	$1,459	$1,637	$2,000
Austin, TX	$1,450	$1,461	$1,922	$2,045
Northeast Travis, TX	N/A	$1,446	$1,850	$2,150
Round Rock-Georgetown, TX	$1,167	$1,325	$1,550	$2,150
Northwest Travis, TX	$1,700	$1,199	$1,660	$2,500
Dripping Springs-Wimberley, TX	$1,250	$1,470	$1,995	$2,800
Southwest Travis, TX	$1,499	$1,450	$1,705	$3,300

Top Zipcodes Near Parker Lane

There are a total of 40 zipcodes in or near Parker Lane, Austin, TX. The average rent for all of these zipcodes is $2,098.

Studios in these zipcodes have an average rent of $1,119. That's at least $24 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Parker Lane, Austin, TX is $1,270 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,694 per month. Which comes out to $19 per sqft. The following table includes the top 10 zipcodes in Parker Lane, Austin, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
78741, Austin, TX	$741	$1,159	$1,725	$1,700
78704, Austin, TX	$1,485	$1,497	$2,198	$2,295
78702, Austin, TX	$1,601	$1,843	$2,657	$2,495
78744, Austin, TX	$1,825	$1,189	$1,400	$2,095
78701, Austin, TX	$2,150	$2,610	$3,933	$3,200
78721, Austin, TX	$1,797	$1,810	$2,417	$2,375
78745, Austin, TX	$650	$1,297	$1,649	$1,800
78705, Austin, TX	$990	$1,150	$1,700	$1,400
78722, Austin, TX	$1,500	$1,932	$1,995	$1,995
78703, Austin, TX	$1,824	$1,985	$2,802	$2,595

Frequently Asked Questions - Parker Lane Average Rents

What is the average rent price in Parker Lane, Austin, TX?

The average monthly rental price for Parker Lane, Austin, TX apartments for rent is approximately $1,295. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Parker Lane, 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 Parker Lane, Austin, TX.

How much is a studio apartment in Parker Lane, Austin, TX?

The average monthly rental price for studio apartments is $701 and an average price per square feet of $20.62. There are a total of 9 studio apartment listings currently available for rent in Parker Lane.

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

The average monthly rental price for one bedroom apartments is $1,000 and an average price per square feet of $21.14. There are a total of 34 one bedroom apartment listings currently available for rent in Parker Lane.

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

The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $18.19. There are a total of 37 two bedroom apartment listings currently available for rent in Parker Lane.

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

Rent prices for rentals in Parker Lane, Austin, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.30%, one bedroom rental prices have changed by -0.09%, two bedroom rental prices have changed by 0.04%, three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Parker Lane, Austin, TX?

A reasonable rent price in Parker Lane, Austin, TX is around $1,036/month. You can search for these reasonably priced rental listings on RentHop.