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 $3,250 for a 4-bedroom rental. The median price of all currently available listings is $1,395, or roughly $20 per square feet.

For the apartment units and housing in September 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 $99 (-9.62%) year-over-year from $1,024 to $925. 2-bedroom rentals prices have increased by $116 (8.50%) year-over-year from $1,369 to $1,485. 3-bedroom rentals prices have increased by $140 (5.92%) year-over-year from $2,356 to $2,495. 4-bedroom rentals prices have decreased by $163 (-4.79%) year-over-year from $3,413 to $3,250. 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 12.41% this month. 1-bedroom rents have gone down by 8.33% this month. 2-bedroom rents have gone down by 0.11% this month. 3-bedroom rents have gone up by 5.87% this month. 4-bedroom rents have gone down by 16.31% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$20.62	$701	$999 (-29.83%)	$999 (-29.83%)
1 BR	$20.54	$925	$1,024 (-9.62%)	$1,135 (-18.50%)
2 BR	$18.98	$1,485	$1,369 (8.50%)	$1,393 (6.63%)
3 BR	$20.58	$2,495	$2,356 (5.92%)	$1,975 (26.35%)
4+ BR	$19.08	$3,250	$3,413 (-4.79%)	$2,571 (26.42%)

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 19 cities nearby Parker Lane. The average rent in Parker Lane is currently $1,963 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 $3,000 per month.

Let's compare Parker Lane, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 26.43% more affordable. Two bedrooms in Parker Lane, Austin, TX are about 5.93% more affordable. Finally, rent for three bedrooms are about 20.04% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Parker Lane, Austin, TX in the following table.

City	Studio	1 Bed	2 Bed	All
Jollyville, TX	N/A	$950	$1,450	$1,750
Kyle, TX	$1,198	$1,280	$1,715	$1,875
Manor, TX	N/A	$1,572	$1,964	$1,963
Austin, TX	$1,311	$1,545	$1,850	$1,999
Round Rock, TX	$1,074	$1,548	$1,550	$2,000
Cedar Park, TX	N/A	$1,183	$1,423	$2,013
Pflugerville, TX	N/A	$1,176	$1,600	$2,100
Lago Vista, TX	N/A	$1,325	$1,223	$2,100
Brushy Creek, TX	N/A	$1,481	$2,130	$2,300
Lakeway, TX	N/A	N/A	$1,895	$3,000

Top Neighborhoods Near Parker Lane

There are a total of 28 neighborhoods in or near Parker Lane. Some of these neighborhoods include North University, Hyde Park, and West University. 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 $1,974 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $1,974. Interestingly, the neighborhoods' average rent is higher than Parker Lane's average rent, which is only $1,395. Out of all the neighborhoods in or near Parker Lane, Hyde Park has the most affordable average rent at $1,200 per month. Whereas, at $3,201 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	$850	$975	$1,550	$1,200
Hyde Park, Austin, TX	$875	$1,100	$1,950	$1,200
West University, Austin, TX	$1,045	$995	$1,600	$1,400
North Austin, Austin, TX	$985	$926	$1,325	$1,500
Hancock, Austin, TX	N/A	$1,195	$1,900	$1,545
Sweetbriar, Austin, TX	$1,514	$1,378	$1,775	$1,785
Brentwood, Austin, TX	$1,399	$1,350	$2,085	$1,834
Riverside, Austin, TX	$1,437	$1,649	$2,121	$1,849
Crestview, Austin, TX	$1,200	$1,597	$2,363	$1,856
North Burnet, Austin, TX	$1,340	$1,832	$2,517	$1,886
Garrison Park, Austin, TX	N/A	$885	$1,498	$1,895
North Loop, Austin, TX	$1,050	$1,395	$1,900	$1,900
Windsor Park, Austin, TX	$1,311	$1,626	$1,845	$1,901
South Lamar, Austin, TX	$2,302	$1,670	$1,995	$1,956
Old West Austin, Austin, TX	$1,617	$1,958	$2,713	$1,993
South River City, Austin, TX	$1,300	$1,450	$2,573	$2,048
East Cesar Chavez, Austin, TX	$1,560	$1,921	$2,600	$2,087
Montropolis, Austin, TX	$1,200	$1,376	$1,975	$2,098
West Oak Hill, Austin, TX	N/A	$1,478	$1,840	$2,145
Pecan Springs Springdale, Austin, TX	$1,720	$1,623	$1,623	$2,175
MLK, Austin, TX	$1,678	$1,786	$2,454	$2,250
MLK-183, Austin, TX	N/A	$1,549	$2,254	$2,300
RMMA, Austin, TX	$1,572	$2,010	$2,925	$2,380
Govalle, Austin, TX	$1,540	$1,843	$2,637	$2,407
Zilker, Austin, TX	$1,600	$2,025	$2,800	$2,422
Bouldin Creek, Austin, TX	$695	$2,229	$2,993	$2,500
Central East Austin, Austin, TX	$1,700	$1,870	$2,898	$2,552
Downtown Austin, Austin, TX	$2,204	$2,679	$3,850	$3,201

Top Counties Near Parker Lane

There are a total of 18 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 $1,998. That's roughly around $15 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 $1,185. Vice versa, with an average rent of $3,000, Southwest Travis, TX is the most expensive county by Parker Lane, Austin, TX.

Typically, rent for studios in Parker Lane, Austin, TX is 34.84% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Parker Lane, Austin, TX is 29.74% more affordable than other counties nearby. Finally, rent for two bedrooms in Parker Lane, Austin, TX is 5.67% 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	N/A	$830	$1,150	$1,595
San Marcos, TX	$1,395	$1,125	$1,413	$1,723
Cedar Creek-Red Rock, TX	N/A	$1,459	$1,595	$1,875
Kyle-Buda, TX	$1,095	$1,289	$1,780	$1,990
Austin, TX	$1,316	$1,553	$1,895	$1,995
Round Rock-Georgetown, TX	$1,085	$1,500	$1,575	$2,100
Northeast Travis, TX	$1,141	$1,439	$1,675	$2,135
Northwest Travis, TX	$1,608	$1,228	$1,549	$2,225
Dripping Springs-Wimberley, TX	N/A	$1,315	$2,300	$2,900
Southwest Travis, TX	N/A	$1,470	$1,845	$3,000

Top Zipcodes Near Parker Lane

There are a total of 44 zipcodes in or near Parker Lane, Austin, TX. The average rent for all of these zipcodes is $1,965. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 78218, San Antonio, TX at $1,073 per month. In comparison, the zipcode with the most expensive average rent of $4,700 per month is 78746, West Lake Hills, TX.

Studios in these zipcodes have an average rent of $1,074. 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 Parker Lane, Austin, TX is $1,397 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,670 per month. Which comes out to $18 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	$1,074	$1,400	$1,870	$1,749
78704, Austin, TX	$1,485	$1,751	$2,405	$2,200
78702, Austin, TX	$1,590	$1,843	$2,622	$2,346
78744, Austin, TX	$1,825	$1,230	$1,429	$1,850
78701, Austin, TX	$2,204	$2,679	$3,863	$3,200
78721, Austin, TX	$1,512	$1,818	$2,370	$2,250
78745, Austin, TX	$1,199	$1,375	$1,599	$1,800
78705, Austin, TX	$938	$1,000	$1,600	$1,299
78722, Austin, TX	$1,468	$1,670	$1,400	$1,876
78703, Austin, TX	$1,617	$1,904	$2,500	$2,314

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 $1,395. 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 $973 and an average price per square feet of $20.54. 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 $18.98. There are a total of 31 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 -0.10%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by 0.06% 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 $1,116/month. You can search for these reasonably priced rental listings on RentHop.