Cheap Apartments for Rent in Austin, IN from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.

Yellowwood Terrace Affordable Senior Housing
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.

Tracks at Seymour

Mason Manor Apartments

2223 Mayflower Manor

309 Walnut St

509 W 3rd St

308 West St
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.

91 N Pike St
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 | $1,046 | $804 | $1,175 |
Austin 1 Bedroom Apartments | $1,281 | $200 | $2,295 |
Austin 2 Bedroom Apartments | $1,537 | $895 | $4,450 |
Austin 3 Bedroom Apartments | $1,808 | $1,006 | $5,200 |
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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 | Studio | Studio,1BA | $804 |
Best Value Apartments for Rent in Austin, IN and Nearby
As of June 08, 2025 the best value apartment in the Austin area is the $0.79 price per square foot Three Bedroom Model at Nicholas Landing in the in the Southern Indiana neighborhood starting from $1,411. The second greatest value Austin apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 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. |
---|---|---|---|
Nicholas Landing | Three Bedroom | 3BR,2BA | $0.79 |
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
Heritage Springs Rentals | Villas of Heritage Springs Apartments | 2BR,2BA | $1.03 |
Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
The Monroe | 2 Bedroom One & One Half Bathroom Deluxe | 2BR,1.5BA | $1.16 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
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
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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.

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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.