Cheap Apartments for Rent in Austin, TX from $400 (1,664 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Lyv Austin
Rent Specials
$649 - $1,520
Total Monthly Price

Total Monthly Price

Base Rent
$649 - $1,520
Total Monthly Price
$649 - $1,520
1 to 2 Bedroom Apartments Available Now

Lyv Austin

2207 Wickersham LnAustin, TX 78741
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Ryder Ridge
Rent Specials
$700 - $2,084
Total Monthly Price

Total Monthly Price

Base Rent
$700 - $2,084
Total Monthly Price
$700 - $2,084
1 to 4 Bedroom Apartments Available Now

Ryder Ridge

9351 Decker Lake RdAustin, TX 78724
Affordability
  • Verified
  • Utilities Included
  • Low Income

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.

Read Article
close
View Me
Windwood Apartments
$749 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$749 - $1,199
Total Monthly Price
$749 - $1,199
1 to 2 Bedroom Apartments Available Now

Windwood Apartments

3810 Valley View RdAustin, TX 78704
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

Read Article
Showing Results 1-50, Page 1 of 34

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: 06/19/2026

Current apartment rentals in the Austin, TX area range in price from $500 to $36,676 with an overall median price of $4,422. The three Austin neighborhoods with the lowest median rent pricing are North University at $830, Slaughter Creek at $802, and Garrison Park at $725. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North University$1,312$83055
Slaughter Creek$1,357$80242
Garrison Park$1,390$725170
Westover Hills$1,442$758115
Sunset Valley$1,585$856122
Southgate Apartments$1,589$85033
Copperfield$1,599$651763
Parmer$1,599$799184
Parker Lane$1,600$649275
Riverside$1,600$575692

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Ventura North in the Northwest Austin neighborhood priced from $500. The Palms on Lamar in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventura NorthUpgraded 1x1 in North Austin by Q2!1BR,1BA$500
The Palms on Lamar0X1Studio,1BA$500
Manor Town Apartments2A-60%2BR,1BA$507
Keystone1A1BR,1BA$564
La Reunion Cooperative1 Bed, 1 Bath1BR,1BA$605
StarburstA1 | 1 Bed | 1 Bath1BR,1BA$618
ArrayThe 7001BR,1BA$624
The Abali ApartmentsB11BR,1BA$625
Hedge ApartmentsSage - AF60Studio,1BA$634
Eastern Oaks2A2BR,2BA$650

Best Value Apartments for Rent in Austin, TX

As of June 19, 2026 the best value apartment in the Austin area is the $0.85 price per square foot 4 Bed, 3 Bath Plus Model at Yugo Austin Nueces in the in the Central East Austin neighborhood starting from $1,359. The second greatest value Austin apartment is the Nueces Model at Sparq on Rio starting at $809 with a $0.54 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.
Yugo Austin Nueces4 Bed, 3 Bath Plus4BR,3BA$0.85
Sparq on RioNueces3BR,3BA$0.54
Yugo Austin Rio4 Bed, 4 Bath Plus4BR,4BA$0.90
Point NorthD34BR,4BA$0.61
Signature 1909Boulder B4BR,4BA$0.82
Rollins Martin Apartments3x23BR,2BA$0.92
24 Longview4x24BR,2BA$0.69
Ballpark North3x3 UG3BR,3BA$0.69
8909 Parkfield Drive1BR/1.0BA1BR,1BA$0.90
Eastern Oaks2A2BR,2BA$0.84

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.

Read Article
Decorative image

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 Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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.

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

Explore Austin, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Austin, TX

View Map
Austin, TX Apartments Map
View Map
Austin, TX Rental Homes Map

Austin, TX Area Reviews

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

Raul • 4+ years in Austin

March 17, 2026

Perfect for families and Texas residents looking for safe neighborhoods with a strong culture and community feel.

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 $650.

What is the price of a cheap apartment in Austin?

The cheapest apartment in Austin is Ventura North which is listed at $500, while the average apartment in Austin costs $4,422.

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 19,212 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 $599 which is $3,823 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

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

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

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin article

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.

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

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.

decorative image for Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers article

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.