Cheap Apartments for Rent in Austin, TX from $500 (1,791 Rentals) Page 9 of 36

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

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Water Oak
Rent Specials
$1,046 - $2,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $2,396
Total Monthly Price
$1,046 - $2,396
1 to 3 Bedroom Apartments Available Now

Water Oak

12234 Heatherly DrAustin, TX 78747
Furnished
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Timbercreek Apartments
Rent Specials
$1,052 - $3,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,052 - $3,997
Total Monthly Price
$1,052 - $3,997
Studio to 4 Bedroom Apartments Available Now

Timbercreek Apartments

614 S 1st StAustin, TX 78704
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Oltera in SoEast
Rent Specials
$1,056 - $1,924
Total Monthly Price

Total Monthly Price

Base Rent
$1,056 - $1,924
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Aug 26

Oltera in SoEast

4404 E Oltorf StAustin, TX 78741
Work From Home
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Showing Results 401-450, Page 9 of 36

Austin, TX Area Reviews

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  • 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 $606.

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 $1,554.

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 23,755 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 $592 which is $962 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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Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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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.

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