Cheap Apartments for Rent in Austin, TX from $400 (1,516 Rentals)

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

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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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: 08/04/2025

Current apartment rentals in the Austin, TX area range in price from $525 to $29,970 with an overall median price of $4,031. The three Austin neighborhoods with the lowest median rent pricing are Westover Hills at $757, Elm Creek at $825, and Southgate Apartments at $835. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westover Hills$1,160$75759
Elm Creek$1,485$82516
Southgate Apartments$1,495$83517
West Campus Austin$1,598$57446
East Congress$1,634$805114
Oltorf-East Riverside$1,650$570531
Pleasant Valley$1,650$585408
Colorado Crossing$1,677$570698
East Riverside Oltorf$1,677$570770
Sunset Valley$1,695$795163

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a Studio unit found at The Abali Apartments in the East Austin neighborhood priced from $596. Magnolia Flats in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Abali ApartmentsA1Studio,1BA$596
Magnolia FlatsStudioStudio,1BA$600
The Palms on Lamar0X1Studio,1BA$600
The SpokeA11BR,1BA$613
Enclave on Ross1 Bed - A11BR,1BA$632
Red OaksSStudio,1BA$649
Copperline at Village OaksS3Studio,1BA$660
Vi CollinaA11BR,1BA$674
The RhettA11BR,1BA$677
The EnclaveE1Studio,1BA$677

Best Value Apartments for Rent in Austin, TX

As of August 04, 2025 the best value apartment in the Austin area is the $1.04 price per square foot D1 Model at Point North Student Living in the in the East Austin neighborhood starting from $1,389. The second greatest value Austin apartment is the 3 Bedroom 2 Bathroom Model at Yager Flats starting at $1,499 with a $1.16 price per square foot in the Pioneer Crossing 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.
Point North Student LivingD14BR,4BA$1.04
Yager Flats3 Bedroom 2 Bathroom3BR,2BA$1.16
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Bluff Springs TownhomesCR2BR,2BA$1.01
Forest Creek Apartments2 Bedroom B12BR,2BA$1.09
North 40Building C - 2 Bed 1 Bath2BR,1BA$1.15
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.99
Park Place at Loyola Apartments1A1BR,1BA$1.15
Eryngo Hills1 Bedroom1BR,1BA$1.10
Acacia CliffsA11BR,1BA$1.07

Quick Rent Budget Calculator

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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 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 Apartments Map
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Getting Around Austin, TX

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

58 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

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.

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 $677.

What is the price of a cheap apartment in Austin?

The cheapest apartment in Austin is The Spoke which is listed at $613, while the average apartment in Austin costs $4,031.

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 29,470 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 $559 which is $3,472 cheaper than the average rent for all rentals in Austin.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.