Cheap Apartments for Rent in the Balcones Park Neighborhood of Austin, TX from $700 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balcones Park area of Austin.

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Waterloo Terrace
Studio Apartments

Waterloo Terrace

12190 N Mo Pac ExpyAustin, TX 78758
  • Utilities Included
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Milo
Studio to 2 Bedroom Apartments

Milo

3220 Duval RdAustin, TX 78759
property at 3508 Adelphi Ln

3508 Adelphi Ln

AustinTX78727

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Balcones Park, Austin, TX Local Guide

Cheapest Available Balcones Park Apartments for Rent

 

The cheapest available apartment rental in the Balcones Park area of Austin, TX is a 1 Bed unit found at The Barstow priced from $704. The Fielder has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here are the most affordable Balcones Park apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The BarstowA1-Affordable1BR,1BA$704
The FielderA1-Affordable1BR,1BA$729
Brook Meadow VillageA21BR,1BA$750
The MorganA11BR,1BA$782
MiloEffStudio,1BA$791
Henry Heights1X1A1BR,1BA$794
Heritage Estates at Wells BranchA5-70%HTC1BR,1BA$849
MAA Balcones WoodsBeaumont1BR,1BA$923
The Olivine1B1B1BR,1BA$930
SullivanA11BR,1BA$955

Best Value Apartments for Rent in Balcones Park, TX

As of November 16, 2025 the best value apartment in the Balcones Park area is the $1.48 price per square foot B2 Model at Sullivan in the in the Milwood neighborhood starting from $1,455. The second greatest value Balcones Park apartment is the Redwood Model at The Village At Gracy Farms starting at $1,305 with a $1.40 price per square foot in the Milwood neighborhood. Here is today’s list of the best values for Balcones Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
SullivanB22BR,1BA$1.48
The Village At Gracy FarmsRedwood2BR,2BA$1.40
Park at Summers Grove29-1/1b1BR,1BA$1.39
MAA Wells BranchLarkin1BR,1BA$1.28
The Olivine1B1B1BR,1BA$1.26
The AmethystStanford1BR,1BA$1.41
Elysium Grand LLPA11BR,1BA$1.42
Renaissance at North BendAzalea1BR,1BA$1.49
MAA Balcones WoodsBeaumont1BR,1BA$1.42
Heritage Estates at Wells BranchA1-60%HTC1BR,1BA$1.38

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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

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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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Pet Friendly Lifestyle
Balcones Park, Austin, TX

Ranked #56

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Balcones Park Apartments

What is a cheap apartment in Balcones Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Balcones Park is under $955.

What is the price of a cheap apartment in Balcones Park?

The cheapest apartment in Balcones Park is The Barstow which is listed at $704, while the average apartment in Balcones Park costs $1,898.

What types of apartments are the cheapest in Balcones Park?

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 174 regular apartments in Balcones Park 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 Balcones Park?

Cheap apartments in Balcones Park have an average cost of $178 which is $1,720 cheaper than the average rent for all rentals in Balcones Park.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.