Average Rent in Parker Lane, Austin, TX

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Current Versus Historical Parker Lane, Austin, TX Rents

Parker Lane rentals average $1,260 for a 1-bedroom rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $1,773, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $999 to $999. 1-bedroom rentals prices have increased by $93 (8.00%) year-over-year from $1,167 to $1,260. 2-bedroom rentals prices have increased by $365 (25.01%) year-over-year from $1,460 to $1,825. 3-bedroom rentals prices have increased by $746 (40.79%) year-over-year from $1,829 to $2,575. 4-bedroom rentals prices have increased by $200 (7.14%) year-over-year from $2,800 to $3,000. 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 0.47% this month. 1-bedroom rents have gone up by 15.23% this month. 2-bedroom rents have gone up by 15.35% this month. 3-bedroom rents have gone up by 5.53% this month. 4-bedroom rents have gone up by 2.33% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.85 $1,260 $1,167 (8.00%) $1,005 (25.41%)
2 BR $1.76 $1,825 $1,460 (25.01%) $1,329 (37.29%)
3 BR $1.79 $2,575 $1,829 (40.79%) $1,643 (56.76%)
4+ BR $1.81 $3,000 $2,800 (7.14%) $2,860 (4.90%)

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 13 cities nearby Parker Lane. The average rent in Parker Lane is currently $2,195 per month. Only one city nearby has an average rent lower than that. Our records show that Canyon Lake, TX, with an average rent of $1,750, 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 $3,800 per month.

Let's compare Parker Lane, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 4.76% more expensive. Two bedrooms in Parker Lane, Austin, TX are on par with the other cities nearby. Finally, rent for three bedrooms are about 18.45% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near Parker Lane, Austin, TX in the following chart.
City Studio 1 Bed 2 Bed All
San Marcos, TX N/A $1,200 $1,525 $1,949
Kyle, TX N/A $1,250 $1,425 $2,090
Manor, TX N/A N/A N/A $2,100
Cedar Park, TX N/A $1,384 $1,774 $2,195
Hutto, TX N/A N/A N/A $2,195
Round Rock, TX N/A N/A $1,650 $2,200
Leander, TX N/A $1,300 $1,700 $2,250
Pflugerville, TX N/A N/A $1,875 $2,275
Austin, TX $1,183 $1,414 $1,950 $2,295
Lakeway, TX N/A N/A $2,500 $3,800

Top Neighborhoods Near Parker Lane

There are a total of 9 neighborhoods in or near Parker Lane. Some of these neighborhoods include North University, West University, and Hyde Park. We've included all of these top 9 neighborhoods in or near Parker Lane, Austin, TX in the following chart.

The average rent for these 9 neighborhoods in or near Parker Lane, Austin, TX is currently around $2,013 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,013. Interestingly, the neighborhoods' average rent is higher than Parker Lane's average rent, which is only $1,773. Out of all the neighborhoods in or near Parker Lane, North University has the most affordable average rent at $1,300 per month. Whereas, at $3,395 average rent per month, Downtown Austin is the most expensive neighborhood in or near Parker Lane. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North University, Austin, TX $1,030 $1,250 $2,150 $1,300
West University, Austin, TX $1,325 $1,300 $1,950 $1,750
Hyde Park, Austin, TX $999 $1,194 $1,699 $1,760
Hancock, Austin, TX $1,295 $1,499 $1,900 $1,800
West Oak Hill, Austin, TX N/A $1,414 $2,003 $2,013
South Lamar, Austin, TX $1,175 $1,900 $2,198 $2,400
North Loop, Austin, TX $1,190 $1,358 $1,898 $2,548
Zilker, Austin, TX N/A $1,850 $2,900 $2,998
Downtown Austin, Austin, TX $1,950 $2,700 $3,975 $3,395

Top Counties Near Parker Lane

There are a total of 9 counties located by Parker Lane, Austin, TX. Some of these counties include Lockhart, TX, San Marcos, TX, and Cedar Creek-Red Rock, TX. The average rent for rentals in these counties is $2,250. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lockhart, TX. It's average rent per month is $1,725. Vice versa, with an average rent of $3,300, Southwest Travis, TX is the most expensive county by Parker Lane, Austin, TX.

In comparison, rent for one bedroom listings in Parker Lane, Austin, TX is 3.53% more affordable than other counties nearby. Finally, rent for two bedrooms in Parker Lane, Austin, TX is 4.08% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Lockhart, TX N/A $1,250 $1,413 $1,725
San Marcos, TX N/A $1,200 $1,500 $1,950
Cedar Creek-Red Rock, TX N/A N/A $2,600 $2,095
Kyle-Buda, TX N/A $1,250 $1,638 $2,163
Austin, TX $1,175 $1,400 $1,950 $2,250
Northeast Travis, TX N/A $1,657 $2,000 $2,250
Round Rock-Georgetown, TX $1,252 $1,259 $1,625 $2,295
Northwest Travis, TX N/A $1,395 $1,800 $2,763
Dripping Springs-Wimberley, TX N/A $1,350 $2,225 $2,975
Southwest Travis, TX N/A $1,434 $2,163 $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 $2,300. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78705, Austin, TX at $1,650 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 78746, West Lake Hills, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Parker Lane, Austin, TX is $1,210 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,750 per month. Which comes out to $2 per sqft. The following chart 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 $1,074 $1,230 $1,775 $2,000
78704, Austin, TX $1,338 $1,650 $2,375 $2,925
78702, Austin, TX $1,278 $1,900 $2,900 $2,995
78744, Austin, TX N/A N/A $1,600 $2,300
78701, Austin, TX $1,950 $2,698 $3,925 $3,350
78721, Austin, TX N/A $1,100 $2,500 $2,700
78745, Austin, TX $900 $1,350 $1,750 $2,000
78705, Austin, TX $1,200 $1,250 $1,950 $1,650
78703, Austin, TX $1,300 $1,750 $2,900 $3,000
78723, Austin, TX $700 $1,220 $1,583 $2,200

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 $1,773. 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 $1,260 and an average price per square feet of $1.85. There are a total of 10 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 $1,650 and an average price per square feet of $1.76. There are a total of 17 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 0.00%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.25%, and three bedroom rental prices have changed by 0.41% 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 $1,418/month. You can search for these reasonably priced rental listings on RentHop.
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