
Cheap Homes for Rent in Austin, IN from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Austin.


210 5th St

812 Culbertson Ave
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.

1108 State St

1020 Bennett St

901 E Oak St
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.

212 Maevi Dr
Austin, IN Local Guide

How much does it cost to rent a home in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin 2 Bedroom Homes for Rent | $1,379 | $1,030 | $2,300 |
| Austin 3 Bedroom Homes for Rent | $2,006 | $1,000 | $4,500 |
| Austin 4 Bedroom Homes for Rent | $3,987 | $2,300 | $5,500 |
| Austin 5 Bedroom Homes for Rent | $6,466 | $3,900 | $9,500 |
Browse Top Homes for Rent in Austin
Explore Austin
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. Mason Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. 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 |
| Mason Manor Apartments | 1 | 1BR,1BA | $595 |
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $699 |
Best Value Apartments for Rent in Austin, IN and Nearby
As of June 04, 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 in the starting from $1,150. The second greatest value Austin apartment is the 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION Model at Parkside Trace Apartments starting at $1,269 with a $1.14 price per square foot in the Outer Southern Indiana Clark County 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. |
|---|---|---|---|
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Adelyn Apartments | 4229-11 | 2BR,2BA | $1.03 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Klerner Lane Apartments | Two Bed 970 | 2BR,2BA | $1.13 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.12 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.05 |
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $1.08 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Austin, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Austin, IN Rentals by Map
See the most popular apartments and homes in Austin, IN
Frequently Asked Questions about Austin
What type of rentals are currently available in Austin?
There are currently 51 Apartments for Rent in Austin, IN with pricing that ranges from $200 to $2,296. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $1,000 to $9,500.
What is the current price range for Rental Homes in Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $1,000 to $9,500 with an average monthly rent of $3,459.
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

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.

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.