
Cheap New Apartments for Rent in Austin, TX from $400 (426 Rentals) Page 2 of 9
Search the lowest-cost Apartments available for rent right now in Austin.


The James on Grand Avenue

Aldrich 51

Travis Flats

The Loretta

Allers Landing

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Bridge at Speyside

Cambrian

Moonlight Apartments

Lively at Gilbert
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

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Bridge at Avery Ranch

Bridge at Delco Flats

Cardinal Point Apartments

Aspire at Onion Creek

Citadel at Tech Ridge

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Rhythm

Midtown Highline

Davies Ranch

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Wilder

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Bridge at Saffron
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.

Park at Estancia

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Augustine

View at Belterra

Lakeline Station Apartments

Laurel Creek Apartments

Norman Commons

Pearl Springdale

Bell Southpark

Ellis Highline

The Arnold
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Cascades at Onion Creek

Daffan Flats

Bridges at Cameron

The Anderson

The Ladybird Senior Apartments - 55+

Reveal at Onion Creek

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Starlight

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Water Oak

1900 Parmer Apartments

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Anthem at Ledge Stone
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.

Parker Lane Apartments

Windy Ridge

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The Michael At Presidio

Red Oaks

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Park South

Art at Brattons Edge

Pioneer Hill

Pointe at Ben White

The Sinclair

44 South
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.
Austin, TX Local Guide

How much does it cost to rent an apartment in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin Studio Apartments | $1,295 | $635 | $5,053 |
| Austin 1 Bedroom Apartments | $1,471 | $500 | $10,000+ |
| Austin 2 Bedroom Apartments | $1,858 | $624 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,207 | $695 | $10,000+ |
| Austin 4 Bedroom Apartments | $2,094 | $575 | $10,000+ |
| Austin 5 Bedroom Apartments | $2,939 | $830 | $7,450 |
| Austin 6 Bedroom Apartments | $2,139 | $814 | $10,000+ |
Browse Top Apartments in Austin
See all Apartments in AustinExplore Austin
Austin, TX Area Reviews
Raul • 4+ years in Austin
March 17, 2026Perfect for families and Texas residents looking for safe neighborhoods with a strong culture and community feel.
Steve • 4+ years in Austin
April 3, 2025Alright, 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, 2025I like the northside of town best. But Downtown is fun. Lots of outdoor stuff to do
Kevin • 4+ years in Austin
March 25, 2025Happy, 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 $629.
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 $1,560.
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 19,895 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 $602 which is $958 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

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin.

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

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

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.