Cheap Apartments for Rent in Austin, IN from $400 (10 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Austin, IN Local Guide

Cheapest Available Austin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Austin, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Willow Run in the Southern Indiana neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Willow RunStudioStudio,1BA$749
Stonebrook of ScottsburgA11BR,1BA$750

Best Value Apartments for Rent in Austin, IN and Nearby

As of July 23, 2025 the best value apartment in the Austin area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Austin apartment is the WITH Storage Model at Williams Crossing Townhomes starting at $1,400 with a $1.04 price per square foot in the Crystal Springs 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.
Koehler SpringsKoehler Springs II3BR,2.5BA$0.89
Williams Crossing TownhomesWITH Storage3BR,2.5BA$1.04
Forest Edge ApartmentsThe Sequoia2BR,2BA$1.12
Heritage Springs RentalsVillas of Heritage Springs Apartments2BR,2BA$1.03
Lakeview Apartments2 BEDROOM 2 BATHROOM B2BR,2BA$1.12
Nicholas LandingTwo Bedroom2BR,2BA$1.15
Plaza Square Apartments2x12BR,1BA$1.00
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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Best Local Schools in
Austin, IN

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Location, Location, Location!

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Getting Around Austin, IN

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 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

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

The lowest price for a Cheap One Bedroom Austin Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

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 $929 at Water's Edge.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.