Average Rent in Parker Lane, Austin, TX

Current Versus Historical Parker Lane, Austin, TX Rents

Parker Lane rentals average $1,295 for a 1-bedroom rental to $2,998 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged 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 $23 (1.91%) year-over-year from $1,175 to $1,198. 2-bedroom rentals prices have increased by $172 (11.65%) year-over-year from $1,478 to $1,650. 3-bedroom rentals prices have increased by $695 (38.50%) year-over-year from $1,805 to $2,500. 4-bedroom rentals prices have increased by $48 (1.61%) year-over-year from $2,950 to $2,998. 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 7.03% this month. 2-bedroom rents have gone up by 14.16% this month. 3-bedroom rents have gone up by 16.73% this month. 4-bedroom rents have gone up by 0.06% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.78	$1,198	$1,175 (1.91%)	$1,030 (16.30%)
2 BR	$1.74	$1,650	$1,478 (11.65%)	$1,336 (23.53%)
3 BR	$1.80	$2,500	$1,805 (38.50%)	$1,543 (62.07%)
4+ BR	$1.74	$2,998	$2,950 (1.61%)	$2,800 (7.05%)

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 12 cities nearby Parker Lane. The average rent in Parker Lane is currently $2,197 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 $1,695, 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 $3,400 per month.

Let's compare Parker Lane, Austin, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 6.37% more expensive. Two bedrooms in Parker Lane, Austin, TX are about 1.74% more affordable. Finally, rent for three bedrooms are about 17.57% more expensive. Want more information? Check out the top 10 cities out of 12 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	$1,500	$1,995
Kyle, TX	N/A	$1,238	$1,425	$2,000
Cedar Park, TX	N/A	$1,350	$1,833	$2,150
Hutto, TX	N/A	N/A	N/A	$2,195
Georgetown, TX	$1,252	$1,225	$1,564	$2,200
Leander, TX	N/A	$1,350	$1,663	$2,200
Austin, TX	$1,125	$1,425	$1,945	$2,250
Round Rock, TX	N/A	N/A	$1,695	$2,250
Pflugerville, TX	N/A	N/A	$1,735	$2,295
Lakeway, TX	N/A	N/A	$2,175	$3,400

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 Hancock. 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 $2,094 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,094. Interestingly, the neighborhoods' average rent is higher than Parker Lane's average rent, which is only $1,800. Out of all the neighborhoods in or near Parker Lane, North University has the most affordable average rent at $1,298 per month. Whereas, at $3,400 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	$1,062	$1,250	$2,125	$1,298
West University, Austin, TX	$1,325	$1,300	$1,950	$1,750
Hancock, Austin, TX	$1,350	$1,499	$1,900	$1,800
Garrison Park, Austin, TX	N/A	$1,125	$1,695	$1,850
Hyde Park, Austin, TX	$1,010	$1,195	$2,000	$2,094
Brentwood, Austin, TX	$1,300	$1,578	$2,300	$2,100
South Lamar, Austin, TX	$1,175	$1,750	$2,100	$2,300
North Loop, Austin, TX	$1,078	$1,400	$1,945	$2,495
Downtown Austin, Austin, TX	$1,750	$2,895	$3,500	$3,400

Top Counties Near Parker Lane

There are a total of 9 counties located by Parker Lane, Austin, TX. Some of these counties include San Marcos, TX, Kyle-Buda, TX, and Austin, TX. The average rent for rentals in these counties is $2,250. That's roughly around $1 per sqft. The county that is the most affordable is Jarrell, TX. It's average rent per month is $1,938. Vice versa, with an average rent of $3,250, 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 3.30% more affordable than other counties nearby. Finally, rent for two bedrooms in Parker Lane, Austin, TX is 6.44% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
San Marcos, TX	N/A	$1,200	$1,495	$1,995
Kyle-Buda, TX	N/A	$1,200	$1,648	$2,150
Austin, TX	$1,125	$1,400	$1,950	$2,235
Northeast Travis, TX	N/A	$1,657	$1,875	$2,250
Cedar Park-Liberty Hill, TX	N/A	$1,353	$1,800	$2,250
Taylor, TX	N/A	$1,889	$1,450	$2,253
Round Rock-Georgetown, TX	$1,252	$1,250	$1,625	$2,295
Northwest Travis, TX	N/A	$1,323	$1,850	$2,700
Dripping Springs-Wimberley, TX	N/A	$1,500	$2,225	$2,975
Southwest Travis, TX	N/A	$1,432	$2,083	$3,250

Top Zipcodes Near Parker Lane

There are a total of 37 zipcodes in or near Parker Lane, Austin, TX. The average rent for all of these zipcodes is $2,250. 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 $4,650 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 $1,200 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,763 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	$1,243	$1,763	$1,995
78704, Austin, TX	$1,175	$1,625	$2,295	$2,875
78702, Austin, TX	$1,228	$1,893	$2,998	$2,995
78744, Austin, TX	N/A	N/A	$1,595	$2,250
78701, Austin, TX	$1,750	$2,750	$3,500	$3,395
78721, Austin, TX	N/A	$1,100	$2,295	$2,500
78745, Austin, TX	$888	$1,315	$1,749	$2,000
78705, Austin, TX	$1,198	$1,285	$1,950	$1,650
78703, Austin, TX	N/A	$1,750	$2,625	$3,000
78723, Austin, TX	$700	$1,475	$1,460	$2,295

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 $1,800. 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 $1,295 and an average price per square feet of $1.78. There are a total of 9 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 $1.74. There are a total of 16 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 0.02%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.39% 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 $1,440/month. You can search for these reasonably priced rental listings on RentHop.