Cheap Apartments for Rent in Austin, IN from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.

Yellowwood Terrace Affordable Senior Housing

Stonebrook of Scottsburg
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.

Mason Manor Apartments

Clarksville Lofts

309 Walnut St
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.

111 Kenwood Ave

432 Greensburg St

217 Lowell Ave
Austin, IN Local Guide

How much does it cost to rent an apartment in Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Austin Studio Apartments | $1,185 | $1,026 | $1,266 |
Austin 1 Bedroom Apartments | $1,124 | $200 | $1,600 |
Austin 2 Bedroom Apartments | $1,318 | $895 | $2,135 |
Austin 3 Bedroom Apartments | $1,682 | $1,006 | $1,955 |
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Austin, IN Local Guide
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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. Stonebrook of Scottsburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Austin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
Willow Run | One Bed One Bath | 1BR,1BA | $894 |
Best Value Apartments for Rent in Austin, IN and Nearby
As of September 07, 2025 the best value apartment in the Austin area is the $1.12 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,395. The second greatest value Austin apartment is the 2 bed, 2 bath Model at The Slate starting at $1,450 with a $1.17 price per square foot in the Southern Indiana 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. |
---|---|---|---|
Forest Edge Apartments | The Sequoia | 2BR,2BA | $1.12 |
The Slate | 2 bed, 2 bath | 2BR,2BA | $1.17 |
Ashby Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $0.95 |
Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
Nicholas Landing | Two Bedroom | 2BR,2BA | $1.15 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.22 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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Best Local Schools in Austin, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate: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.

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.

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.

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.

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.