Cheap Apartments for Rent in Austin, CO from $500 (21 Rentals)

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

property at 730 US-50

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

1 Bedroom, 1 Bath Home for Rent

Available Now

730 US-50

Grand JunctionCO81503
property at 3299 Lombardy Ln

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

3299 Lombardy Ln

CliftonCO81520
property at 515-528 Road

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

515-528 Road

Grand JunctionCO81503
property at 101-107 W Bridge St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Jul 10

101-107 W Bridge St

HotchkissCO81419

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.

property at 869 Iowa Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 2 Bath Home for Rent

Available Now

869 Iowa Ave

PalisadeCO81526
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The Railyard at Rimrock
$1,460 - $2,345
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,345 - $2,230
Required Monthly Fees
$115

Total Monthly Price
$1,460 - $2,345
Studio to 3 Bedroom Apartments Available Now

The Railyard at Rimrock

800 Railyard LoopGrand Junction, CO 81505
Pet Friendly
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property at 135 S 10th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Home for Rent

Available Jul 1

135 S 10th St

Grand JunctionCO81501

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Rendezvous Apartments
1 to 2 Bedroom Apartments

Rendezvous Apartments

2366 Robins WayMontrose, CO 81401
Senior Living
  • Utilities Included
property at 568 Dawn Ct

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

568 Dawn Ct

Grand JunctionCO81504
property at 496-32 1/8 32 1/8 Rd

$1,215

Total Monthly Price

Total Monthly Price

Base Rent
$1,215

Total Monthly Price
$1,215

2 Bedroom, 1 Bath Home for Rent

Available Now

496-32 1/8 32 1/8 Rd

CliftonCO81520
property at 1741 Ouray Ave

$1,239

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200
Required Monthly Fees
$39

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 10

1741 Ouray Ave

Grand JunctionCO81501
property at 1741 Ouray Ave

$1,239

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200
Required Monthly Fees
$39

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 10

1741 Ouray Ave

Grand JunctionCO81501
property at 3247 Main St

$1,344

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300
Required Monthly Fees
$44

Total Monthly Price
$1,344

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

3247 Main St

CliftonCO81520
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Summit View Flats
1 to 2 Bedroom Apartments

Summit View Flats

306 Chipeta AveGrand Junction, CO 81501

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 2759 1/2 Unaweep Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Now

2759 1/2 Unaweep Ave

Grand JunctionCO81503

Austin, CO Local Guide

Cheapest Available Austin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Austin, CO is a Studio unit found at The Junction in the Historic Downtown Grand Junction neighborhood priced from $1,370. SLICK ROCK APARTMENTS in the Appleton neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The JunctionJackalope- 0BR/1BAStudio,1BA$1,370
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1,425
The Slate on 25Napa1BR,1BA$1,633
Peppermill Lofts2x1 900 SF2BR,1BA$1,650
Copper Village ApartmentsThe Bookcliff1BR,1BA$1,650

Best Value Apartments for Rent in Austin, CO and Nearby

As of June 13, 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 The Riverside - two bedroom two bath Model at The Railyard at Rimrock starting at $1,970 with a $1.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pomona Park TownhomesEnd Unit3BR,2.5BA$1.64
The Railyard at RimrockThe Riverside - two bedroom two bath2BR,2BA$1.78
Peppermill Lofts2x1 8952BR,1BA$1.84
MountainView Flats2 Bedroom2BR,1BA$3.18
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1.70
The Landing on HorizonThe Malone1BR,1BA$2.47
The Slate on 25Malone1BR,1BA$2.41
Copper Village ApartmentsThe Bookcliff1BR,1BA$2.11
SIX CANYONOasis1BR,1BA$3.07
The JunctionJackalope- 0BR/1BAStudio ,1BA$2.97

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.

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Real 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.

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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.

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

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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 Junction listed at $1,370.

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

The lowest price for a Cheap One Bedroom Austin Apartment is $1,633 at The Slate on 25.

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 $1,425 at SLICK ROCK APARTMENTS.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at The Slate on 25 and starts from $2,413.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.