
Cheap Homes for Rent in Austin, IN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Austin.


312 Apple Tree Ln

3831 Horne Ave

1101 Foghorn Dr

201 Stonebench Cir

1811 Edgewood Dr
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.

742 S Obrien St

3115 Lighthouse Dr

4231 Mel Smith Rd

2109 N Hickory Cir

2113 N Hickory Cir

725 W Maple St
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.
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 | $1,279 | $1,050 | $1,600 |
| Austin 3 Bedroom Homes for Rent | $1,829 | $1,000 | $3,000 |
| Austin 4 Bedroom Homes for Rent | $3,475 | $1,900 | $5,500 |
| Austin 5 Bedroom Homes for Rent | $5,600 | $1,300 | $9,500 |
Browse Top Homes for Rent in Austin
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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 Clarksville neighborhood priced from $200. 217 Hooton Blvd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. 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 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $800 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $849 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $900 |
| Ashby | 1 Bedroom 1 Bathroom - Small | 1BR,1BA | $937 |
Best Value Apartments for Rent in Austin, IN and Nearby
As of July 22, 2026 the best value apartment in the Austin area is the $0.96 price per square foot The Arbor Model at Arbor Place Apartments in the in the New Albany neighborhood starting from $1,150. The second greatest value Austin apartment is the Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals starting at $1,150 with a $1.00 price per square foot . 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. |
|---|---|---|---|
| Arbor Place Apartments | The Arbor | 2BR,1.5BA | $0.96 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Adelyn Apartments | 4229-7 | 2BR,2BA | $1.03 |
| Lakeview | 2 Bedroom 2 Bath - B | 2BR,2BA | $1.07 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.06 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.05 |
| 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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $995 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 $995 to $9,500 with an average monthly rent of $2,635.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.