Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $400 (118 Rentals)

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

property at 1008 W 25th St

1008 W 25th St

AustinTX78705
property at 400 W 34th St

400 W 34th St

AustinTX78705
property at 4105 Speedway

4105 Speedway

AustinTX78751

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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property at 4204 Speedway

4204 Speedway

AustinTX78751

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.

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property at 2408 Leon St

2408 Leon St

AustinTX78705

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Central Austin, Austin, TX Local Guide

Cheapest Available Central Austin Apartments for Rent

 

The cheapest available apartment rental in the Central Austin area of Austin, TX is a Studio unit found at San Gabriel Square Apartments priced from $700. La Casita has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
San Gabriel Square ApartmentsSmall EfficencyStudio,1BA$700
La Casita1BR/1.0BA1BR,1BA$750
Pinnacle 31EfficiencyStudio,1BA$875
305 FlatsCap CityStudio,1BA$900
Greenwood SquareStudio-Studio,1BA$979
Villas on RioD5TH-SHARED4BR,4BA$979
Nova HouseA11BR,1BA$995
Fountain Terrace ApartmentsA2 Classic1BR,1BA$995
Speedway 38Blue Dahlia1BR,1BA$999
Chimney SweepStudioStudio,1BA$999

Best Value Apartments for Rent in Central Austin, TX

As of October 07, 2025 the best value apartment in the Central Austin area is the $0.45 price per square foot D5TH-SHARED Model at Villas on Rio in the in the Central East Austin neighborhood starting from $979. The second greatest value Central Austin apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,050 with a $0.83 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Central Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas on RioD5TH-SHARED4BR,4BA$0.45
Union on San AntonioD1 - Trinity4BR,4BA$0.83
Sterling3 bedroom 3 bathroom-C13BR,3BA$0.97
GrandMarc Austin2X22BR,2BA$1.38
24 Longview4x24BR,2BA$0.49
Duval VillaB22BR,2BA$1.40
Sparq on RioSan Antonio2BR,2BA$1.55
Point North Student LivingB12BR,2BA$1.18
Casa Del Rio ApartmentsB12BR,1BA$1.38
La CasitaREMODELED 2x12BR,1BA$1.15

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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Pet Friendly Lifestyle
Central Austin, Austin, TX

Ranked #47

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Texas, including Austin. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Austin Apartments

What is a cheap apartment in Central Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Austin is under $999.

What is the price of a cheap apartment in Central Austin?

The cheapest apartment in Central Austin is La Casita which is listed at $750, while the average apartment in Central Austin costs $18,900.

What types of apartments are the cheapest in Central 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 115 regular apartments in Central 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 Central Austin?

Cheap apartments in Central Austin have an average cost of $945 which is $17,955 cheaper than the average rent for all rentals in Central 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.

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 How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.