Cheap Apartments for Rent in Austin, AR from $500 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Austin.

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West Towne Apartments
2 Bedroom Apartments

West Towne Apartments

2103 W Beebe Capps ExpySearcy, AR 72143
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Orchards at Cabot
1 to 2 Bedroom Apartments

Orchards at Cabot

555 E Mountain Springs RdCabot, AR 72023
Senior Living
  • Utilities Included
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Timberwood Apartments
1 to 3 Bedroom Apartments

Timberwood Apartments

207 S Hospital BlvdJacksonville, AR 72076
  • Utilities Included
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Apple Valley Townhomes
2 Bedroom Apartments

Apple Valley Townhomes

211 Apple Valley DrSherwood, AR 72120
  • Utilities Included

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Austin, AR Local Guide

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, AR is a 1 Bed unit found at Stonewall Apartments in the Little Rock Air Force Base neighborhood priced from $500. Oakwood Apartments in the Little Rock Air Force Base neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonewall Apartments1BR/1BH (POS)1BR,1BA$500
Oakwood ApartmentsRenovated 1Bed, 1Bath Available!1BR,1BA$595
Summit at Valley HeightsThe Bel-Air1BR,1BA$605
Icon LakewoodStudioStudio,1BA$699
The Cove at 300One Bedroom Renovated1BR,1BA$750
The Luxe Apartments2bd downstairs2BR,1BA$765
Village Square of Jacksonville2 Bedroom2BR,2BA$780
523 E Main St2 Beds, 1 Baths2BR,1BA$795
Timbers at Lakewood1 Bedroom 1 Bathroom1BR,1BA$805
The Links at SherwoodCustom1BR,1BA$815

Best Value Apartments for Rent in Austin, AR

As of September 17, 2025 the best value apartment in the Austin area is the $0.91 price per square foot 1 Bedroom Model at The Retreat at Sherwood in the in the Jacksonville Sherwood neighborhood starting from $875. The second greatest value Austin apartment is the Two Bedroom Model at Fairfax Crossing starting at $899 with a $0.99 price per square foot in the South Little Rock neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at Sherwood1 Bedroom1BR,1BA$0.91
Fairfax CrossingTwo Bedroom2BR,2BA$0.99
Crestview Apartments2BR/1.5BA2BR,1.5BA$1.00
The Grove on Brockington1 bed 1 bath1BR,1BA$0.97
The Luxe Apartments2bd downstairs2BR,1BA$0.89
523 E Main St2 Beds, 1 Baths2BR,1BA$0.99
The Cove at 300One Bedroom Renovated1BR,1BA$1.01
Oakwood ApartmentsRenovated 1Bed, 1Bath Available!1BR,1BA$0.95
Summit at Valley HeightsThe Bel-Air1BR,1BA$0.99
Stonewall Apartments1BR/1BH (POS)1BR,1BA$0.95

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Austin, AR

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Austin Apartments

What is the Cheapest Studio apartment in Austin?

Currently the most affordable Cheap Studio Apartment in Austin is at Icon Lakewood listed at $699.

How much is rent for a Cheap One Bedroom Austin Apartment?

The lowest price for a Cheap One Bedroom Austin Apartment is $500 at Stonewall Apartments.

What is the lowest price for a Cheap Two Bedroom Austin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $635 at Stonewall Apartments.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Stonewall Apartments and starts from $850.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.