
Cheap Apartments for Rent near Austin, CO from $642 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.


496-32 1/8 32 1/8 Rd

496-32 1/8 32 1/8 Rd

3226 Rood Ave

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Summit View Apartments

3211 Opal Ct

460 Topaz Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3234 1/2 White Ave

3247 1/2 Main St

460-32 1/8 32 1/8 Rd

531 1/2 N 3rd St

1311 N 16th St

1311 N 16th St

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The Junction
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Railyard at Rimrock

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Peppermill Lofts

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SLICK ROCK APARTMENTS

103 Bacon Ct

3244 Rood Ct

Total Monthly Price
1074 Cedar Way

987 Iowa Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

467 Meadow Rd

1023 Teller Ave

Rendezvous Apartments

505 N 6th St

13353 Marine Rd

494 Coronado Way

494 Coronado Way
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

487 Tracy Dr

10506-12100 2100 Rd

482 Mae St
Austin, CO Local Guide

How much does it cost to rent an apartment in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin Studio Apartments | $2,159 | $1,410 | $3,683 |
| Austin 1 Bedroom Apartments | $3,481 | $642 | $10,000+ |
| Austin 2 Bedroom Apartments | $5,933 | $770 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,507 | $890 | $5,310 |
| Austin 4 Bedroom Apartments | $3,562 | $3,562 | $3,562 |
Browse Top Apartments in Austin
See all Apartments in AustinExplore Austin
Austin, CO Local Guide
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Cheapest Available Austin Apartments for Rent and Nearby
 The cheapest available apartment rental in Austin, CO is a 1 Bed unit found at Aster Place priced from $642. Summit View Apartments in the Central Grand Junction neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,395. Here is today’s list of the most affordable Austin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aster Place | One Bedroom - 30% AMI | 1BR,1BA | $642 |
| Summit View Apartments | 2 Bedroom 1 Bath - 83336 | 2BR,1BA | $1,395 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1,425 |
| Eddy | A3 | 1BR,1BA | $1,525 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $1,575 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1,585 |
| Rya Suites | 2A | 2BR,2BA | $1,885 |
| Basecamp | Two Bedroom | 2BR,2BA | $1,950 |
| The Landing on Horizon | The Riverside | 2BR,2BA | $2,028 |
| The Slate on 25 | Riverside | 2BR,2BA | $2,028 |
Best Value Apartments for Rent in Austin, CO and Nearby
As of September 11, 2026 the best value apartment in the Austin area is the $1.64 price per square foot End Unit Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $2,557. The second greatest value Austin apartment is the 2A Model at Rya Suites starting at $1,885 with a $1.50 price per square foot in the Appleton neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pomona Park Townhomes | End Unit | 3BR,2.5BA | $1.64 |
| Rya Suites | 2A | 2BR,2BA | $1.50 |
| The Slate on 25 | Riverside | 2BR,2BA | $1.83 |
| The Landing on Horizon | The Riverside | 2BR,2BA | $1.83 |
| Basecamp | Two Bedroom | 2BR,2BA | $1.96 |
| Peppermill Lofts | 2x1 900 SF | 2BR,1BA | $1.79 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.70 |
| Aster Place | One Bedroom - 40% AMI | 1BR,1BA | $1.07 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $2.01 |
| Summit View Apartments | 2 Bedroom 1 Bath - 83336 | 2BR,1BA | $1.80 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Austin, CO Rentals by Map
See the most popular apartments and homes in Austin, CO
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 The Pike listed at $2,353.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $642 at Aster Place.
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 $770 at Aster Place.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at Aster Place and starts from $890.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.