Cheap Apartments for Rent in Austin, IN from $449 (56 Rentals)

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

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Water's Edge
1 to 3 Bedroom Apartments

Water's Edge

20 Red Oak WayAustin, IN 47102
  • Utilities Included

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.

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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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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.

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281 E Main St
1 Bedroom Apartments

281 E Main St

281 E Main StHanover, IN 47243
  • Utilities Included
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High Peaks
2 Bedroom Apartments

High Peaks

9815 US-150Greenville, IN 47124

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.

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The Jeff On 10th
Studio to 2 Bedroom Apartments

The Jeff On 10th

3500 Ellingsworth Dairy DrJeffersonville, IN 47130
Corporate Housing
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Highland Glen
1 to 3 Bedroom Apartments

Highland Glen

725 S Mansfield DrScottsburg, IN 47170
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Koehler Springs
2 to 3 Bedroom Apartments

Koehler Springs

2012 Payne Koehler RdSellersburg, IN 47172
  • Utilities Included

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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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 Clarksville neighborhood priced from $200. Charlestown Flats in the Outer Southern Indiana Clark County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $549. 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
Charlestown FlatsTwo Bedroom Flat2BR, 2BA$549
Stonebrook of Scottsburg1 Bedroom1BR, 1BA$799
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR, 1BA$800
The Monroe1 Bedroom and 1 Bathroom1BR, 1BA$849
701-709 Etzler Dr2 Bedroom2BR, 1BA$900
Foxtail Pointe2 Bdrm B2BR, 1BA$942
Ashby Apartments1 Bedroom 1 Bath 6241BR, 1BA$949
Lakeview Apartments1 Bedroom 1 Bath1BR, 1BA$949
Stonebridge ApartmentsSecond Floor 1Bed/1Bath1BR, 1BA$995

Best Value Apartments for Rent in Austin, IN and Nearby

As of September 29, 2026 the best value apartment in the Austin area is the $1.00 price per square foot Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals starting from $1,150. The second greatest value Austin apartment is the Two Bed Model at Plum Ridge Apartments in the Southern Indiana neighborhood starting at $1,150 with a $1.01 price per square foot. 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.
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR, 1.5BA$1.00
Plum Ridge ApartmentsTwo Bed2BR, 2BA$1.01
Plaza Square Apartments2x12BR, 1BA$1.00
Klerner Lane ApartmentsTwo Bed 9702BR, 2BA$1.13
Foxtail Pointe2 Bdrm B2BR, 1BA$0.99
701-709 Etzler Dr2 Bedroom2BR, 1BA$1.00
Charlestown FlatsTwo Bedroom Flat2BR, 2BA$0.63
The Monroe1 Bedroom and 1 Bathroom1BR, 1BA$1.06
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR, 1BA$1.05
Yellowwood Terrace Affordable Senior HousingStandard1BR, 1BA$0.34

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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Navigating 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.

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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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Austin, IN

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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

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 $549 at Charlestown Flats.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Charlestown Flats and starts from $634.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.