Cheap Apartments for Rent in Austin, TX from $400 (1,580 Rentals)

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

property at 6509 Berkman Dr

$600 - $700

1 To 2 Bedroom Rentals

Available Now

6509 Berkman Dr

AustinTX78723

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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property at 911 W 22nd St

$675 - $2,400

1 To 4 Bedroom Rentals

Available Now

911 W 22nd St

AustinTX78705

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.

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Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

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property at 4709 Harmon Ave

$725 - $995

Studio To 2 Bedroom Rentals

Available Now

4709 Harmon Ave

AustinTX78751

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Austin, TX Local Guide

Photo of Trey Huguley - Director, Product Marketing
Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 12/27/2025

Current apartment rentals in the Austin, TX area range in price from $489 to $155,000 with an overall median price of $5,101. The three Austin neighborhoods with the lowest median rent pricing are Southgate Apartments at $848, North University at $750, and Elm Creek at $825. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southgate Apartments$1,372$84830
North University$1,395$75063
Elm Creek$1,512$82511
Skyview$1,586$6991149
Sunset Valley$1,587$825198
North Park$1,590$79531
Whitestone Oaks$1,625$755226
Cirkiel Commons$1,643$795200
Homestead$1,643$825330
Round Rock East$1,643$795457

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Bellwood in the Bryan-Sloan neighborhood priced from $548. Longspur Crossing in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $554. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bellwood1x11BR,1BA$548
Longspur CrossingAStudio,1BA$554
Hedge ApartmentsSage - AF60Studio,1BA$625
The Abali ApartmentsB11BR,1BA$625
Keystone1A1BR,1BA$629
Copperline at Village OaksS2Studio,1BA$648
San Gabriel Square ApartmentsLarge 1BR/1BA1BR,1BA$649
Verde ApartmentsA21BR,1BA$650
Hillside PlaceA11BR,1BA$650
Westdale CreekA11BR,1BA$651

Best Value Apartments for Rent in Austin, TX

As of December 27, 2025 the best value apartment in the Austin area is the $0.50 price per square foot D5TH-SHARED Model at Villas on Rio in the in the Central East Austin neighborhood starting from $1,099. The second greatest value Austin apartment is the 4 Bed, 2 Bath Classic Model at Yugo Austin Nueces starting at $1,229 with a $0.91 price per square foot in the Central East Austin neighborhood. 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.
Villas on RioD5TH-SHARED4BR,4BA$0.50
Yugo Austin Nueces4 Bed, 2 Bath Classic4BR,2BA$0.91
1215 Terjo Ln, Unit A1215 Terjo Ln1BR,1BA$1.08
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Fort Branch at Trumans Landing3 Bed, 2 Bath (60% Income Restricted)3BR,2BA$1.07
Moonlight ApartmentsB12BR,2BA$1.07
24 Longview4x24BR,2BA$0.49
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.93
La CasitaREMODELED 2x12BR,1BA$1.02
Acacia CliffsA11BR,1BA$1.02

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick 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.

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Austin Overview

What’s the reason that Austin is one of the fastest-growing cities in America? Actually, there are a number of reasons, not the least of which is its warm weather. It’s also been called the live music capital of the world. While some may argue that point, one thing is certain. Austin is a city of festivals—music festivals, film festivals, and even a Brazilian Carnaval festival.

From reggae to rodeos, golf to gardening, and motorsports to malls, Austin’s cultural and artistic diversity offers something for everyone. Nature lovers enjoy the botanical gardens and the numerous parks and biking trails. Athletes enjoy rock climbing and the yearly marathon, which features live musical accompaniment from over 40 bands.

Austin offers a variety of educational options, with more than 10 institutions of higher learning.

Add walkable neighborhoods, world-class museums and a ballet company, and it’s easy to understand its soaring popularity. Besides events that attract tourists from all over the world, the city offers residents a multitude of enjoyable activities, many of which are free. Maybe the biggest reason for Austin’s popularity is its success in keeping its quality of life higher than its cost of living.

If you’re looking for an apartment in Austin, our updated prices, pictures and floorplans can help you find the perfect place to call home.

Why live in Austin, TX?

Austin is famed for being one of the most unique and quirky cities in the country, a reputation that is well-earned. The city's unofficial motto of "Keep Austin" Weird highlights the independent streak Austinites are known for throughout Texas. Currently, the city has a population of just under a million inhabitants with a metro density of just over two million. There is a lot of going in this state capital. The amount of diverse activities available is simply staggering.

Austin it seems has a little something for everyone. First, it is known as the Live Music Capital of The World due to the famous live Austin City Limits music concerts at The Moody Theater, as well as the South by Southwest festival. Along with its music, the culinary scene is lively and eclectic offering everything from BBQ to tacos and even artisanal donuts. The nightlife is lively with many bars crafting strange and fun adult beverage creations. If you're an outdoors lover, Austin offers almost three hundred days of sunshine, spend all those sunny days in its various parks, biking and hiking trails. Austin truly does have something for everyone.

Pet Friendly Lifestyle
Austin, TX

Ranked #3

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Austin, TX Rentals by Map

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See the most popular apartments and homes in Austin, TX

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Austin, TX Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Steve • 4+ years in Austin

April 3, 2025

Alright, so Austin, man. Steve here, early 30s, and let me tell you, this place is alive. If you're into killer food – and I mean, everything from legit BBQ to some seriously inventive fusion spots – and a nightlife scene that just doesn't quit, you'll fit right in.

Mary • 1+ years in Austin

April 3, 2025

I like the northside of town best. But Downtown is fun. Lots of outdoor stuff to do

Kevin • 4+ years in Austin

March 25, 2025

Happy, vibrant, busy, lots of traffic, great restaurants. Liberal.

Frequently Asked Questions about Cheap Austin Apartments

What is a cheap apartment in Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Austin is under $651.

What is the price of a cheap apartment in Austin?

The cheapest apartment in Austin is Bellwood which is listed at $548, while the average apartment in Austin costs $5,101.

What types of apartments are the cheapest in Austin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32,583 regular apartments in Austin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Austin?

Cheap apartments in Austin have an average cost of $512 which is $4,589 cheaper than the average rent for all rentals in Austin.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

Written by: Raul Mercado

For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

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Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas

Written by: Raul Mercado

Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

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Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

Written by: Raul Mercado

Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!